Looking back at the correction since 2015, I think it is still plausible that we are not done correcting yet. Right now, to me it looks like it is similar to 2015-2016 correction, which would mean we slowly work sideways and down until it collapses. It also has some of the characteristics of the 2018 correction, but just scaled up.
Close up of corrections using fib levels.
2022
2020
2018
2015
Long view since 2009
Close up of corrections using fib levels.
2022
2020
2018
2015
Long view since 2009
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Related publications
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.