History likes to repeat itself
APPL ’08 vs APPL ‘22
Thought I compared the APPL chart from May’08 - Sept.’08 and the current chart from Dec.’21 – May’22
Almost Identical.
Both charts were in an Uptrend respecting 20ema that peak with a double top pattern
After breaking trend, both attempted to bounce but fail to make higher highs. Multiple fails created a resistance level
Unable to break thru resistance, both make lower lows.
On the 3rd bounce attempt for both, we see consecutive days of green day candlesticks to resistance. Both also had overbought stochastics on this move.
In the 2008 chart, that was the last attempt at resistance before price was shot down 51%.
In 2008…. Russia was at war, inflation was high, and oil was high.
In 2022…. Russia is at war, inflation is high, and oil is high.
APPL 2022 chart will finish the same way 2008 did.
APPL ’08 vs APPL ‘22
Thought I compared the APPL chart from May’08 - Sept.’08 and the current chart from Dec.’21 – May’22
Almost Identical.
Both charts were in an Uptrend respecting 20ema that peak with a double top pattern
After breaking trend, both attempted to bounce but fail to make higher highs. Multiple fails created a resistance level
Unable to break thru resistance, both make lower lows.
On the 3rd bounce attempt for both, we see consecutive days of green day candlesticks to resistance. Both also had overbought stochastics on this move.
In the 2008 chart, that was the last attempt at resistance before price was shot down 51%.
In 2008…. Russia was at war, inflation was high, and oil was high.
In 2022…. Russia is at war, inflation is high, and oil is high.
APPL 2022 chart will finish the same way 2008 did.
Nota
and the top is in. Get ready folks, this is going to be a good one. If you know anyone going long in the market, they will be crying by summer time.
Nota
Expecting APPL to drop down to around low 170s and start to move sideways a bit. When price closes below 20ema on daily, that will be my cue to enter short. It will be the express lane down from thereNota
Gotta love the false breakout and price falling back below resistance!Nota
Its happening folks!Nota
get ready for the recession folks
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.