As a reminder, my crystal ball projects today will close red and at one point take a final significant fall before hitting the floor and bouncing off of it... If this comes true, DO NOT be discouraged or shaken from your shares as you instead should absolutely buy the dip, because if my crystal ball is accurate at all, these will be the absolute lowest share prices you will ever see again... EVER!!!
This is how my crystal ball works... Firstly, it is not an exact science, nothing says the current consolidation period will be an exact carbon copy of the last one, but my crystal ball takes the share price action day by day of the previous consolidation period, and multiplies it by a ratio giving a hypothetical proportionate share price to expect in the current consolidation period by the same day by day... Note, there are factors that may weigh in and change the outcome... For example, we currently see a "Triple Bottom" pattern set up in the charts that signals a bullish movement instead of the bearish prediction...
So, assuming my crystal ball is accurate, on this day, the 13th day of the previous consolidation period (which started May 2nd, 2017) we closed red for the last time as we fell from the previous bull run to the bottom floor of that consolidation range testing the lower Bollinger Band before bouncing off of it upwards again... This floor had previously been predefined April 26th, 2017 before the consolidation period began when the share price fell to the same floor during the bull run leading into the consolidation period... The previous consolidation period's floor was $0.058 (though on April 26th it hit $0.057)...
The good news is, day 14 was the beginning of a serious of green days...
The prediction is as follows:
August 28th, 2017 The 13th market day of the current consolidation period Open at: $0.1631 High of: $0.16.31 Low of: $0.1456 Close at: $0.1531
This is all based on hypothetical data taking the previous consolidation period figures for the same point during it's period and multiplying it by a ratio to make it reflect the proportionate difference between the price then and now. It is not an exact science, results may vary...
On the 13th market day of the previous consolidation period:
May 18th, 2017 Opened at: $0.065 High of: $0.065 Low of: $0.058 Closed at: $0.061
The current ratio I am multiply the previous consolidation period figures by to get the hypothetical new consolidation period predictions is 2.51...
So far this is how accurate this method as been as of lately:
This picture show how far off the prediction was from the truth of reality so far...
See this picture for a great visual of all the above:
Worth noting, according to the chart above, day 13 of the previous consolidation period (May 18th, 2017) was actually then a green day...
Which makes me think the "Triple Bottom" pattern will prevail and we'll actually finish green today...
The reason the crystal ball calls out for today to be red is if we close at a proportionate price 2.51 times the price of the 13th day of the last consolidation period ($0.058), then we would close today at $0.1531, which would be red since we previously closed at $0.1673...
Maybe we take a dip and see a total reversal today instead...
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