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2020 NASDAQ IXIC - Elliott Waves - Downside Targets

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Statistical likelihood of each retracement based on Wave 4 assumption:
Page 10 - astrocycle.net/PDF/WaveRatios.pdf

  • 60% likely - TP1 is the less bearish outcome and quick rebound.
  • 60% likely - TP2 is the more bearish outcome and longer rebound.
  • 15% likely - TP3 is the most bearish outcome and much longer rebound.



2020 downside targets on NASDAQ IXIC based on:

  • Retracement since start of run in 2012
  • Pitchfork since 1995
  • Trend-based Fib extension from first drop after COVID




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