6th Pattern Theory
This is not my theory, Im just charting this.
The theory points out a strong correlation of highs and lows to the 6th day of the month going back to January 2018
November and December 2017 were not quite the same but the 6th day still mapped to a major high or low
Even if you dont agree with the theory, it still highlights a strong cycle of two months - so 4 weeks up, 4 weeks down, rinse and repeat
Ive roughly drawn the overall triangle (black) that defines the bear market since mid December 2017. Im using Log scale for that
This is not my theory, Im just charting this.
The theory points out a strong correlation of highs and lows to the 6th day of the month going back to January 2018
November and December 2017 were not quite the same but the 6th day still mapped to a major high or low
Even if you dont agree with the theory, it still highlights a strong cycle of two months - so 4 weeks up, 4 weeks down, rinse and repeat
Ive roughly drawn the overall triangle (black) that defines the bear market since mid December 2017. Im using Log scale for that