19 bars to the end of the circle and a possible drop of 2.90%

Since 2016 the biggest drop was 6.14% around June that year. Then 5.05%, 3.30% and 2.90% as it is shown.
We are at a pivotal point now with only 19 bars to the end of the time circle.
Assuming we have the smallest drop (2.90%) the target will be 2616 and if it drops by 6.14% the target will be 2529.
I am waiting for a good signal to go short.