The first drop was 15%, but quickly recovered over 1/2 of the drop (10% gain).
The second drop resulted in 35% below the all-time high. This has since recovered over 1/2 of the drop (30% gain).
There is a very good chance that the market will now fall back down to retest the March 2020 low (20% drop from here).
If that price doesn't hold, then I expect a drop down to 50% from the all-time high.
The second drop resulted in 35% below the all-time high. This has since recovered over 1/2 of the drop (30% gain).
There is a very good chance that the market will now fall back down to retest the March 2020 low (20% drop from here).
If that price doesn't hold, then I expect a drop down to 50% from the all-time high.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.