Showing similarities between July 2017 and May 2021 corrections.
Both corrections land about 52% above previous ATH at the same trend line (green line) which provided resistance for most 2016 and 2020 accumulation phases.
Also worth notice current correction started after price hit 1.618 fib extension drawn from Jan 2015 bottom, up to Dec 2017 high, down to Dec 2018 bottom.
Both corrections land about 52% above previous ATH at the same trend line (green line) which provided resistance for most 2016 and 2020 accumulation phases.
Also worth notice current correction started after price hit 1.618 fib extension drawn from Jan 2015 bottom, up to Dec 2017 high, down to Dec 2018 bottom.