If the pattern remains the same then yes u'll get your lower low within 2 months but the age old pattern of a green December and a higher bar in Jan may also work .
It is hard to know which one is most relevant , green doji and 2 red , green doji and 2 red , green doji and 2 red and now a bullish monthly candle . So has the pattern changed to a green December and green January ? or more of the same green and 2 reds ?
I don't know but the likely hood of xao going lower with a red December is very high . Plus years ending in 2 like ,1982 ,1992,2002 were all red years but xao has never done 3 years red or not in recent history . Ummmm so what is it to be ?
At a very ruff guess I'd say what ever xao does below todays close it will do above that close as well and may close on or abouts the top of the bar , with a 24% ish length bar from high to low or low to high .
But then again I'm only guessing .lol and have no idea as I rarely trade xjo spi as it is just to darn hard .
But if u are so confident allaboutprofits maybe u could ring the bell for us when the low is in ?
cheers
SSN Price at posting:
9.6¢ Sentiment: None Disclosure: Not Held