Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on August 31, 2021 with a closing price of...
Five of our algorithms point to near-term declines for LKQ on the hourly chart. Our first algorithm (version 1) has identified this event 23 times. All 23 times the stock has dropped at least 1% over the next few days. It has dropped as much as 3% more than half the time. We are projecting slight movement up which should last no more than 2 full trading days...
If you see the percentage of decline in the market, then i would say it's about right when it comes to market cycles... However, if you look at the market 'on a glance' with the size of the drop that has been ongoing for the past couple of months - you'll say otherwise.
Lets go back to the crashes in 2000s and 2008 where they were considered a significant crash...
This market will not survive in it's current state of mass coupling with Bitcoin. When Bitcoin falls, everything falls. This needs to change.
Something seems... WRONG about this.
If current analysis holds true, and Bitcoin drops 50%; it will be the litmus test and that should not be. We have at our discretion MANY alt-coins that have far more merit , use cases ,...
The last 3 times this indicator was this high, the DJY0 dropped about 15% and 12%. Last time this drop was due to the Fed deciding to raise rates, the drop was 11.95%. It would be safe bet a drop of at least 11% could occur over the next month.
