Here I have circle all of what I believe to be tops, the corresponding color indicates whether there was a retest of the high on the daily time frame and whether the current market status was bullish or bearish.
The color combination of violate and light blue indicates a local top in a bull market, the violate indicates that there was no retest, and there light blue indicates there was a retest.
The color combination of orange and green indicates a local top in a trendless market, the orange indicates that there was no retest, and there green indicates there was a retest.
The color combination of yellow and red indicates a local top in a bear market, the red indicates that there was no retest, and there yellow indicates there was a retest.
For Bear markets, 8/9 tops were retested.
For Bull Markets, 6/11 local tops were retested.
For trendless markets, 2/3 of the local tops were tested.
Of the entire market, 16/23 of the tops were tested.
The reason why I am bringing up is to determine whether this current move is a local top, and the chances of it retesting its high of 14k.
**Note: there is no clear definition of a top nor bottom, so the numbers presented here can be debated.
The color combination of violate and light blue indicates a local top in a bull market, the violate indicates that there was no retest, and there light blue indicates there was a retest.
The color combination of orange and green indicates a local top in a trendless market, the orange indicates that there was no retest, and there green indicates there was a retest.
The color combination of yellow and red indicates a local top in a bear market, the red indicates that there was no retest, and there yellow indicates there was a retest.
For Bear markets, 8/9 tops were retested.
For Bull Markets, 6/11 local tops were retested.
For trendless markets, 2/3 of the local tops were tested.
Of the entire market, 16/23 of the tops were tested.
The reason why I am bringing up is to determine whether this current move is a local top, and the chances of it retesting its high of 14k.
**Note: there is no clear definition of a top nor bottom, so the numbers presented here can be debated.