Seems like the current cycle is running longer than the 2014-2017 one. Made some measurements based on this hypothesis.
Consolidation:
From 2013 high to the first orange line: 791 days
2017 high to the second orange line: 1001 days
ATH Projection:
Time from first orange line to 2017 ATH: 686 days
Expected time to next ATH: +/- 868 days (~Jan 2023)
Remaining time for sideways movement before next move up:
Time from first orange line: 112 days
Expected time from second orange line: +/- 141 days (~Jan 2021)
Consolidation:
From 2013 high to the first orange line: 791 days
2017 high to the second orange line: 1001 days
ATH Projection:
Time from first orange line to 2017 ATH: 686 days
Expected time to next ATH: +/- 868 days (~Jan 2023)
Remaining time for sideways movement before next move up:
Time from first orange line: 112 days
Expected time from second orange line: +/- 141 days (~Jan 2021)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.