Very interesting, how far down do you believe we will go this time?
StockMarketCycles
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@NordicTrader93, the cycles analysis is not helping deriving price projections, just projecting important areas in time. As we are still in an intact uptrend, downside/short potential might be limited. But next upswing cycle might be a good place to position for the next upswing. Right now, cycles suggest a very risky market condition as dominant cycle moved now to the downside for the time to come.
In real time, accuracy is not more than 30-40%.
The indicator looks promising in back test only.