The gray overlay is an exact day for day clone of the period from oct '18 to feb '21, the last bearish cycle.
Notice the correlation of local inflection points, right down to the week where short term trends shift. If this pattern stays true then we could be seeing a local low early-mid january followed by a strong impulsive wave 5 into the $25+ area into summer.
This tracks with the expectation of most that some type of legislation (SAFE Banking) will pass during the lame duck session. BTMFD.
Notice the correlation of local inflection points, right down to the week where short term trends shift. If this pattern stays true then we could be seeing a local low early-mid january followed by a strong impulsive wave 5 into the $25+ area into summer.
This tracks with the expectation of most that some type of legislation (SAFE Banking) will pass during the lame duck session. BTMFD.
