Below are the downside targets based on the work of Edson Gould.
The targets, as noted in the chart above are:
- $821.80 (conservative target)
- $691.90 (mid-range target)
- $562.00 (extreme target)
The $821.80 target is generally assured, from all parabolic increases of this nature. There exists the potential to decline as low as $410.90. However, we reserve this target as a backup to achieving the $562.00 price.