It appears to me this whole range has been accumulation. The question is, is this accumulation to continue the longest term bull market the world has ever seen? Or, does this trend reflect accumulation for shorter term correction, a precondition for something like a recession if you will? Notice the arbitrary trend line is being tested, and the median price line, 2400, sits on a moving average. It seems to me it tried to break out 3 times and failed. The third test of breaking down though...Is it inevitable? Lots of risk I wouldn’t participate in to be honest.
Comment:
Oops I meant 24,000ish