More educated guessing. Though is has been a lot more accurate lately...
$4700 $4400 $4100 ($3600-3900 for you knife catchers and if I'm totally wrong) MOON
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So far so good
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this is technically where the market falls . i mean, if you recognize that its a bunch of fractals mapped to sin activity of varying size depending on the market cap and magnitude..... but yeah. this is t e c h i c a l l y where.
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but then again, depends on which model is dominant. in an unabashed bull market, this is where there would be a bullish continuation. look at 17-22 July, 2018. Same part of the market structure, but NOT the same part of the big market cycle, and that is why it's different right now. this is a major major bottom, and if you study these bottoms - any real bottom that is a reversal, really - over time, you will see that touches down one last time. in fact, 25 November '18 - 8 February '19 is an accurate model for where we are, which is equivalent to the 5-9 jan range.
Have a look at the Wyckoff inspired "Anatomy of a Trading Range". This is it.