A quick update on the Cycle Bottom Indicator (CBI).
Currently forecasting for a MA cross on the 11th July 2022 (see dash red and green projected lines and vertical golden line).
Would fit in nicely with a final capitulation around that time with current price action.
#NOT FINANCIAL ADVICE - CHARTS ARE FOR HISTORIC RECORD & EDUCATIONAL PURPOSES ONLY
Currently forecasting for a MA cross on the 11th July 2022 (see dash red and green projected lines and vertical golden line).
Would fit in nicely with a final capitulation around that time with current price action.
#NOT FINANCIAL ADVICE - CHARTS ARE FOR HISTORIC RECORD & EDUCATIONAL PURPOSES ONLY
Comment
NOTE: Cycle Bottom Indicator CBI has been 'fit' and coded with a 3 day tolerance similar to the Cycle Top Indicator CTI.It is worth noting the current projected cross 11th of July aligns with the weekly close.
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