Forecast November 2021


This market forecast is for both our Actively Managed Certificate: Criptonite Next Gems & Criptonite Mid-Cap.

We propose that the November 2013-January 2015 correction is the main connector between the first cycle from inception to November 2013 high and current cycle from January 2015 low. Within this cycle, the first leg completed at December 2017 high in a 3 waves structure.


From there, we saw a 3 waves correction down to December 2018 low before trend resumed. In the current cycle from 3,148.33, we propose that the first leg ended in April 2021 high at 64,840.36 and that correction is already completed at 29,336.54 low dated July 2021.


So, we now expect a confirmation of this view with a break above 64,840.36 to open the door for the first leg of the third and final leg high that would end the super grand cycle since inception. Targets to the upside can be calculated in log scale but we would be cautious with those numbers as we need to monitor the structures to the upside and adjust accordingly. However, our current projection indicates a conservative 250,000 to an extended 600,000 in coming months following the July 2013 pattern.


No change from last month with a new high to 67,000. We still expect an acceleration to the upside towards the 90,000 mark. However, we see a loss of momentum in the daily view that could trigger a large correction of the cycle from 29,336.54 in coming weeks. As we have achieved our daily target, we are now flat and will wait for new setup to go long again. We like to see below 54,000 to assess the structure but we are aware that a correction to 40,000 could be at play. We will update in the weekly views.



Fact Sheet NG 29.10.21
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Fact Sheet MC 29.10.21
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Download PDF • 7.00MB



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