Chart shows target for where a potential blow off top might go based on comparison to the 2019 blow off top at 13.8 k.
The 2019 blow off top extended 13 % out of the top resistance after pushing off it's 7th parabolic trendline, after which it immediately snapped back down 18 %, breaking the 7th parabolic trendline, and landing on the 6th, after which a lengthy correction followed.
Initial 30 % correction target would be around 15 k.
The 2019 blow off top extended 13 % out of the top resistance after pushing off it's 7th parabolic trendline, after which it immediately snapped back down 18 %, breaking the 7th parabolic trendline, and landing on the 6th, after which a lengthy correction followed.
Initial 30 % correction target would be around 15 k.