Are charts ok?
What if I said we are looking at another year of bear?
<- that's nervous laughing not happiness.
http://i.imgur.com/fAt3XlZ.png
This is just something I was working on last night. There is no real confirmation of this idea yet, but recent price action suggests this as a real possibility.
One thing to note, the final zigzag down is not a measured move so that double digit bottom is not for prediction's sake. It is just to show direction and possible duration if this were to come to fruition.
What if I said we are looking at another year of bear?
<- that's nervous laughing not happiness.http://i.imgur.com/fAt3XlZ.png
This is just something I was working on last night. There is no real confirmation of this idea yet, but recent price action suggests this as a real possibility.
One thing to note, the final zigzag down is not a measured move so that double digit bottom is not for prediction's sake. It is just to show direction and possible duration if this were to come to fruition.
that target fit into this fibo
i made something in log(logarithmic) scale so some of you can think/ponder about it and other to flame about it
info to read if you need to http://www.investopedia.com/terms/f/fibonacciretracement.asp
have a nice day
info to read if you need to http://www.investopedia.com/terms/f/fibonacciretracement.asp
have a nice day