Meowtallica
@meowtallica
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Hi all! Getting stuck on graphs and drawing something there is often useless, but it’s very entertaining, so sometimes it’s possible. I figured out what the TOTAL 3 chart might look like in the medium and long term. This is what happened. I didn’t take the numbers out of the blue, I looked at support levels, pulled Fib, compared them with previous cycles, used Dima Pythagoras indicators, etc. As for the values of my assumed bottom: Based on the corrections of previous cycles, we can assume that the bottom of this correction will be at 0.618-0.786 fib from the previous upward impulse. These are values of 400-500 billion dollars and there are strong support levels there. I don’t know whether we will go 400 billion to the 0.786 level, but I’m almost sure that we will return to the 0.618 level, which is next to the round value of 500 billion, and cover 50% of the candle’s shadow. Long-term, and 400 and 500 billion according to TOTAL 3 - good points for shopping violas. 0 reply
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