this is a pattern on the weekly timeframe that perfectly played out during market crashes.
This could work again to catch a crash (Bear Market) with no draw down.
The current weekly trendline is stronger and got retested more often, even for the 2020 crash in march it got retested.
Now the Trendline was finally broken to the upside, wich means it can create that break and retest pattern like in 2000 and 2008.
This could work again to catch a crash (Bear Market) with no draw down.
The current weekly trendline is stronger and got retested more often, even for the 2020 crash in march it got retested.
Now the Trendline was finally broken to the upside, wich means it can create that break and retest pattern like in 2000 and 2008.