The tweet was deleted by the author.
But we saved everything 🙂.
Steve Burns, identified as founder at New Trader University, outlined specific percentage-based parameters for declines in chart patterns. Burns described a -5% drop as a normal chart pullback, -10% as a normal chart correction, -15% as a big chart correction, and -20% as entering technical bear market territory. He further categorized steeper drops, with -30% labeled as a chart plunge, -40% as a chart crash, and -50% as a crisis in fundamentals.
View post on X Loading...
Burns has previously raised the question of which stock could achieve growth similar to Nvidia, citing factors like innovation and leadership in a recent discussion. He has also explained the use of R-multiples in helping traders evaluate outcomes relative to risk, as detailed in another note. These topics reflect his continued focus on risk assessment and growth dynamics in trading.