I believe the Nasdaq train has reached it's final parabolic station. As we can see on the chart, the Nasdaq has been on a parabolic trend for much of it's existence.
There are three option for the price going forward:
1 - Continues following the parabolic trend line
2 - Exceeds the parabolic trendline and goes trough the top of it
3 - Pierce the parabolic trendline downwards
Which scenario feels more plausible for you ?
Scenario 1 would get us at 150 000 by 2032, how would that make sense economically ?
Scenario 2 would get us at 60000 by 2027, how would that make sense economically ? Would you think something like the price upward explosion from 94' to the 2000' could happen today ?
Scenario 3 would get us at 12000 by 2027, that make sense economically.
Also supporting my vote for the scenario 3 are the grey trendlines and the fib retracement from the 2000's crash perfectly aligning the current top to the 4.236 level of the fib retracement.
There are three option for the price going forward:
1 - Continues following the parabolic trend line
2 - Exceeds the parabolic trendline and goes trough the top of it
3 - Pierce the parabolic trendline downwards
Which scenario feels more plausible for you ?
Scenario 1 would get us at 150 000 by 2032, how would that make sense economically ?
Scenario 2 would get us at 60000 by 2027, how would that make sense economically ? Would you think something like the price upward explosion from 94' to the 2000' could happen today ?
Scenario 3 would get us at 12000 by 2027, that make sense economically.
Also supporting my vote for the scenario 3 are the grey trendlines and the fib retracement from the 2000's crash perfectly aligning the current top to the 4.236 level of the fib retracement.
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