Looking back at the degree of correction after hitting a new all-time high, we find several ranges keep appearing. This chart lists the targets based on the most common percentages we've seen to date. The corrections group up around 18%, 33%, 38%, 48%, and the worst of all, the 85% drop during the bear market in 2014.
The targets are
-18% (6223)
-33% (5074)
-38% (4694)
-48% (3948)
-85% (1137)
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The new targets are based off the new all-time high of 7897 -18% (6475) -33% (5291) -38% (4896) -48% (4106) -85% (1184)
*-18% (6475)
*-33% (5291)
*-38% (4896)
*-48% (4106)
*-85% (1184)