was watching the big short about morgan stanley wanted to see what their stock price did during the 07-08 crash, how long it took to recover etc.
Very interesting. Once it went public back in early 90s you can see a clear 1-5 wave impulse.
The 5 wave was clearly most extended of all the impulse waves which typically means a retracement to 786, 88, even up to 99% fib.
We went to over 90% fib.
During the dot com bubble you see the abc correction down to 786 fib (not shown). Then
during 07 08 mortgage bond crash you can see a B wave rally that went to 786 fib of the move down in 2000.
finally finishing off the C leg correction 5 waves down to probably over 95% fib. Was very interesting to see prices respect
elliot wave patterns and fib extensions/retracement levels
Very interesting. Once it went public back in early 90s you can see a clear 1-5 wave impulse.
The 5 wave was clearly most extended of all the impulse waves which typically means a retracement to 786, 88, even up to 99% fib.
We went to over 90% fib.
During the dot com bubble you see the abc correction down to 786 fib (not shown). Then
during 07 08 mortgage bond crash you can see a B wave rally that went to 786 fib of the move down in 2000.
finally finishing off the C leg correction 5 waves down to probably over 95% fib. Was very interesting to see prices respect
elliot wave patterns and fib extensions/retracement levels
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.