Starting from 1 June 2015, there have been 20 'sell' signals on the Top Bottom indicator (not including the most recent signal). Fifteen out of 20 periods from 'sell' to 'buy' signals represent negative price changes. Here, these periods are defined as the daily high on the day of the 'sell' signal to the daily low on the day prior to the 'buy' signal. The descriptive statistics of these periods are below.
No. Days:
Range = 5 to 151
Median = 33.5
M = 44.6, SD = 35.1
Per Cent Change:
Range = -45.36 to 10.12
Median = -7.21
M = -11.06, SD = 15.68
Currently, we are on Day 66 since the latest 'sell' signal. The three grey boxes run from Days 45-80-115-150. Statistically, there is a good chance the current period should end within two weeks and an even greater chance that it ends by mid-March. The daily low on the final day of the current period should fall within these ranges. The numbered candles are merely examples.
ملاحظة
Descriptive data are embedded in the snapshot below.
Note: I did not include the Apr-May 2015 period in the analysis because it does not have a 'sell' signal.
ملاحظة
8 Feb 2022
The 'buy' signal has come in. As you can see, it fell within expected ranges:
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