Nasdaq bottom using Fibonacci

2 mars 2023

On the 3M timeframe I used the last outside bar as my starting point. I used a fib extension starting there then anchored it to the first indecision bar and found the high of .618. Then I used fib retracement on the entirety of the leg to find my bottom of .618. I believe the bottom is in with the next high peaking at either the 1 fib extension level or the 1.618 level. Total of 1 fib retracement and 2 fib extensions.