Yes, I'm crazy enough predicting the crash !!
The COVID Crash of March 2020 (Source: corporate finance institute)
The market collapse in March 2020 was caused by the government’s reaction to the Novel COVID-19 outbreak, a rapidly spreading coronavirus around the world. The pandemic impacted many sectors worldwide, including healthcare, natural gas, food, and software. The unemployment rate skyrocketed in the first quarter of 2020.
Currently, my chart says something big will happens; what event? I don't know, but the chart shows that the market crash will potentially occur and starting in June - July 2021.
If the price rejects the upper line, I reckon it will fall deep to the Fibonacci retracement 38.20%, 50%, and maybe 61.80%.
Invalidation:
- This analysis fails if the price breakout and close above the upper line
The COVID Crash of March 2020 (Source: corporate finance institute)
The market collapse in March 2020 was caused by the government’s reaction to the Novel COVID-19 outbreak, a rapidly spreading coronavirus around the world. The pandemic impacted many sectors worldwide, including healthcare, natural gas, food, and software. The unemployment rate skyrocketed in the first quarter of 2020.
Currently, my chart says something big will happens; what event? I don't know, but the chart shows that the market crash will potentially occur and starting in June - July 2021.
If the price rejects the upper line, I reckon it will fall deep to the Fibonacci retracement 38.20%, 50%, and maybe 61.80%.
Invalidation:
- This analysis fails if the price breakout and close above the upper line
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