Timelines are drawn lower on the chart to highlight correlations between and action and to forecast lags in this outbreak. Some TA experiment, but i like it and pretty obvious.
Of all the charts i post, i pray that im completely wrong on this one.
Stay safe UK Trading viewers. Please feel free to join in with your thoughts as its a ticker on TV.
Its a real shame that TV doesnt play indicators like it does the "price" when you press play. But it seems on target with wider stricter lockdown measures going into force in a day or so, which should co incide with the forecast declining momentum.
MACD doesnt update on TV, ffs. So will reg update here. Im pleased that the declining momentum is now happening. TFFT.
COVID-19 is an exponential phenomenon - something different and novel. In fact it was originally named 'novel coronavirus'. The opportunity to lock down the UK was missed in early and late July 2020. Now the virus seems to have escaped. It's pretty similar to when stock markets go wildly bullish - and you think 'Anytime now it'll correct' but it just doesn't. Nothing makes any sense and there is no reasoning behind an 'escape'.
What people hope for and want to hear is good news - and death rates aren't. However - reality respects no one's hopes.
COVID infection rates are show similar patterns across many western nations. The East is doing far better: China, Vietnam, Singapore, and NZ. NZ's leadership took a pretty hard line with containing the virus.
The general public is living on high hopes that the death rate currently isn't matching the infection rate. I don't know what they expect. The death rate curve will naturally lag behind the infection-rate curve by several weeks - as people rarely die instantly from COVID infection.
Winter is gonna be a bad time for infection and death rates.