Cisco (CSCO) has been trading within a multi-year Channel Up since the April 2010 High, the first major correction after the 2008 Housing Crisis. This June (2026) it hit the top (Higher Highs trend-line) of this pattern for the first time and its 1M RSI got to extremely overbought levels that we last saw in March 2000, which was the peak of the Dotcom Bubble!
Based on that, and given that all major Bearish Leg corrections within this pattern pulled back to at least their respective 0.5 Fibonacci retracement level, we expect Cisco to decline to $80 (essentially neutralizing the massive April - May 2026 rally), potentially testing its 1M MA50 (blue trend-line) for the first time since April 2025. That would also almost be a -39.70% decline, matching the one in 2022 (most recent major correction).
---
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
---
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Based on that, and given that all major Bearish Leg corrections within this pat...