History Doesn't repeat but it rhymes. Bear Season Here!
1. Fibs extended to 30 then reversed.
2. Head and shoulder paltern similar.
3. Similar support at top.
4. New parallel channel forming using market tops.
5. Similar Projected draw downs.
6. Near identical 10D simple, 50 EMA and 21 EMA cross overs.
7. Shallow Fib violated on the W.\
8. RSI Continues bearish divergance
9. MACD is in a false reversal pattern with plenty of downward movement.
To summarize: Risk to Reward =1 and therefore now is a good time to wait or DCA for a very long time while bleeding along the way.
Hibernation time until 2024---> Time to learn the Guitar or Pick up a useful hobby, like growing food in the meantime.
I wish you all the best!
Any feedback appreciated, Thanks!
2. Head and shoulder paltern similar.
3. Similar support at top.
4. New parallel channel forming using market tops.
5. Similar Projected draw downs.
6. Near identical 10D simple, 50 EMA and 21 EMA cross overs.
7. Shallow Fib violated on the W.\
8. RSI Continues bearish divergance
9. MACD is in a false reversal pattern with plenty of downward movement.
To summarize: Risk to Reward =1 and therefore now is a good time to wait or DCA for a very long time while bleeding along the way.
Hibernation time until 2024---> Time to learn the Guitar or Pick up a useful hobby, like growing food in the meantime.
I wish you all the best!
Any feedback appreciated, Thanks!