$NDX / Nasdaq Roadmap
This chart shows a road map for the Nasdaq. Since Black Monday (October 1987) NDX has set up a perfect Fibonacci fan chart. If you use June 2022 and a price of $19,609 and the focus point the perfect fib retracement levels tie back to Black Monday perfectly, I did the retracement first and then notice the date!!!! If you take Oct 1987 as ground zero, the Fibonacci retracements are perfect. 0.382 (Mar 2020) 0.618 (backtest March 2021), last week = backtest of 0.75. The red arc shows a possible topping pattern, the arc could contain a top, double top or multiple routes, let's see how it unfolds.......
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