Hello,
I drew the original pattern of this chart few years ago. A Mega-Horn formation, the market rallied to climb above the horn, then failed, tried a final climb, then dropped inside the horn, in a steep descend. I added more forecast lines for it. I am not optimistic..... as the market tried to climb above the horn and failed, it is likely going to fall the same level below the horn before it climbs again... this means a great collapse all the way to pre-2008 levels. Let us see how this unfolds.
I drew the original pattern of this chart few years ago. A Mega-Horn formation, the market rallied to climb above the horn, then failed, tried a final climb, then dropped inside the horn, in a steep descend. I added more forecast lines for it. I am not optimistic..... as the market tried to climb above the horn and failed, it is likely going to fall the same level below the horn before it climbs again... this means a great collapse all the way to pre-2008 levels. Let us see how this unfolds.