The question is not if it's going to drop that hard, the question is if it's gonna honor the fibs and provide a good entry.
When it hits the fan, don't say you weren't warned.
When it hits the fan, don't say you weren't warned.
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Break-out of the lower trend-line (purple) would be a bad thing for NASDAQ.
However, if it continues going up, an Ending Diagonal would be an "unicorn".
However, if it continues going up, an Ending Diagonal would be an "unicorn".
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*Has the right to drop any time it wants.
Will it form an ending diagonal or is it doomed already?