Hypothetical Bear Market
This is a hypothetical bear market, based off of the bear market 2008/2009. We are still bullish long term, yet short term bearish. Fibonacci levels are marked with the red dotted lines. Previous correction touched the %61.8 Fib level, which is roughly at $1556.56. Following the channel, and estimating time for correction, would touch the bottom of the channel at $1252.56 on 27 January 2020.
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