Instead of thinking of the -18% March pullback and the -18% April pullback as two separate retraces...
What if we assume they are part of one full retracement period?
In that case, this correction is -19% deep and 49 days long
Based on retraces in this cycle, the deepest one was -23% deep and the longest one was 63 days long
If this current retrace is going to equal the longest retrace in this cycle at 63 days...
Then the bottom should be found over the course of the next two weeks or so
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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