Using the Gaussian Channel, we can see how last week’s aggressive rise has now entered into the wave length. In the 2014/ 2015 bear cycle, the time it breached this length marked the final pressure point before the new bull market started. It is rational to assume that has entered into a “buy-the-dip” phase as the consolidation of the accumulation/ distribution stage unfolds.
The next question that arises is how long will the wavelength last this time.
In 2014/ 2015, the spike that breached into the wave length was at the middle of the cycle and lasted approximately 406 days. If this time last week’s spike represents what the 2014/ 2015 one did, then this wave length should last less than 406 days (315).
Whatever the duration, is most likely at the very early stages of a the new cycle.
Get a quick idea why by clicking on the study below:
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Published at Sun, 07 Apr 2019 07:25:55 +0000
wallstreetexaminer.com / by Jesse Felder / April 6, 2017