SP500 at end of growth? huge collapse to come? Long term vision
When I fit the chart in the Fibonacci sequence, I conclude that it exactly fits in the sequence as how I show it here and as how my experience has learned me that charts behave concerning the Fibonacci sequence.
- The price went up from '0' to 700 points between 1980 and 1996 = Fibonacci 0% to 78,6%
- Than the price went further to 1200 points between 1996 and 2012 = Fibonacci 78,6% to 61,8%
- The growth continues further to 1600 points between 2012 and 2013 = Fibonacci 61,8% to 50%
- The growth continues further to 1900 points between 2013 and 2014 = Fibonacci 50% to 38,2%
- The growth continues further to 2300 points between 2014 and 2017 = Fibonacci 38,2% to 23,6%
- And the price broke 23,6% so it will continue rising till the sequence has ended!! and that is 3000 points!
> What will happen when 3000 points is reached? There are two options:
1: The price keeps on rising. Than potential = 4800 points !
2: The price collabs and retraces. Than potential = to fall back to 2300 / 1900 / 1600 / 1200 / 700
TARGET 1 NOW: 3000 points and take profit. So, short- term is LONG!
THAN WAIT
THAN MAKE A NEW PLAN: LONG OR SHORT for the long- term
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
- The price went up from '0' to 700 points between 1980 and 1996 = Fibonacci 0% to 78,6%
- Than the price went further to 1200 points between 1996 and 2012 = Fibonacci 78,6% to 61,8%
- The growth continues further to 1600 points between 2012 and 2013 = Fibonacci 61,8% to 50%
- The growth continues further to 1900 points between 2013 and 2014 = Fibonacci 50% to 38,2%
- The growth continues further to 2300 points between 2014 and 2017 = Fibonacci 38,2% to 23,6%
- And the price broke 23,6% so it will continue rising till the sequence has ended!! and that is 3000 points!
> What will happen when 3000 points is reached? There are two options:
1: The price keeps on rising. Than potential = 4800 points !
2: The price collabs and retraces. Than potential = to fall back to 2300 / 1900 / 1600 / 1200 / 700
TARGET 1 NOW: 3000 points and take profit. So, short- term is LONG!
THAN WAIT
THAN MAKE A NEW PLAN: LONG OR SHORT for the long- term
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
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