First, let’s state the conclusion
Without exception, all directly start a major correction after hitting a new high
Figure one
After reaching a new high of 25100, it directly corrects to 19500, a rapid correction in twenty days, a decline of 22%
Figure two
After reaching a new high of 31000, a major correction begins directly, with a slow correction lasting a month and a half to 24800, a decline of 20%
Figure three
After reaching a new high of 48900, a major correction starts immediately, with a rapid correction dropping back to the lower bound of the three-day line at 38500 in thirteen days, a decline of 21%
Figure four
After reaching a new high of 73700, a major correction begins, with a slow correction taking nearly two months to drop to 56500, a decline of 23%
Okay, don't think that there won't be a major correction in a bull market
The fact is that the bull market still has nearly a year left
It is impossible to rise infinitely
Therefore, corrections will always come
Shallow corrections like 90 can no longer catch up
Summarize the common points above
First, some rapid corrections take ten to twenty days, while others take slow corrections over two months
Second, the decline is between 20% and 23%
Third, a rapid correction will immediately lead to a major rebound, while a slow correction may be repeated, or even fail to surpass the previous high, continuing the weekly correction.
So
How to cope?
According to the pattern
This time it should be a quick correction
Assuming a twenty-day correction
It roughly fell from January 5 to January 25
Meets expectations
Calculated based on a decline of 22%
If the new high is 105000, then the final target will be around 81000
Remember this price
A deeper drop to 78000 is not ruled out to fill the gap.
The above is a detailed historical analysis
Shining into reality
Dog market execution! 🤪