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rhight wrote:This is a Time and Price projection statistical analysis based on the circled pivots (if the market continues as it has.)
The overhead rising resistance from 2010 has proven to be stiff, as the recent 4th and 5th touches show.
Therefore, the projected target may not be met.
It should be noted that these projections are not traded on, they only serve as an additional factor for judging price action.
Choosing pivots is the most difficult aspect of the analysis - garbage in, garbage out.
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bears need exceed mini pullback target to be bear. let's see.
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exceeded the mini pullback target, so this pullback might have small legs. here's 100% mm target I'm not sure.
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