If you look at the chart, you can see a lot of similarities with 2008.
bearish divergence on the top and after a falling wedge.
Now we see the same (yes i know,the angle is deeper but still...)
But ones the falling wedge is broken, it dropped -40%, meaning if this time the falling wedge is broken (and not a bear trap), there's a possibility it can drop -40% (And that's bringing us back to the corona low from march 2020) something i expecting a longer time ago (IMO)
If the 200ema is broken with a open and close candle, it will become nasty, so we have to see what will happen on that ema
If you zoom in, you definitely can see a lot similarity. Is history repeating itself?
something you should definitely keep in mind!
certainly the circumstances
We will see bounces on the support trendlines 1 and 2. IF this will happen it will not happen in couple of candles
bearish divergence on the top and after a falling wedge.
Now we see the same (yes i know,the angle is deeper but still...)
But ones the falling wedge is broken, it dropped -40%, meaning if this time the falling wedge is broken (and not a bear trap), there's a possibility it can drop -40% (And that's bringing us back to the corona low from march 2020) something i expecting a longer time ago (IMO)
If the 200ema is broken with a open and close candle, it will become nasty, so we have to see what will happen on that ema
If you zoom in, you definitely can see a lot similarity. Is history repeating itself?
something you should definitely keep in mind!
certainly the circumstances
We will see bounces on the support trendlines 1 and 2. IF this will happen it will not happen in couple of candles