Using linear regression at 400 bars on the daily, I plotted how long before the previous crash we stayed above the 1 standard deviation.
By my estimation, the durations seem about 2x as long this time around, which would mean we have a 20-day period below the line, and then a 36-day period above the line again before things start to really get ugly.
Based on this, my new date for devastation scenario beginning is 3-25-21, similar to previous estimates.
This would also mean the fall could be 2x as detrimental as we are all planning for…meaning 340, or 320, might not be the bottom.
=FIB
By my estimation, the durations seem about 2x as long this time around, which would mean we have a 20-day period below the line, and then a 36-day period above the line again before things start to really get ugly.
Based on this, my new date for devastation scenario beginning is 3-25-21, similar to previous estimates.
This would also mean the fall could be 2x as detrimental as we are all planning for…meaning 340, or 320, might not be the bottom.
=FIB
Note
right on schedule indeed
The prediction is in...
= FIB
= FIB
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.
The prediction is in...
= FIB
= FIB
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.