The yellow line is a scaled down copy of the crash leading up to the Feb. 6 low.
Playing out this fractal would point us right about 5400, which is a well known support line and what is possibly the start of the bubble (Nov 12th).
Cheers!
- B
Playing out this fractal would point us right about 5400, which is a well known support line and what is possibly the start of the bubble (Nov 12th).
Cheers!
- B
Comment:
Though, scale the yellow line down even more, and you get this:
