Was looking at the past dead trading spots to see how long they lasted and what percentage they traveled in and came up with this chart. Since the beginning of time, all dead zones that lasted 30+ days with <11% price differences, ended up beginning the rally. So I think maybe beginning on May 26th we may see a never ending bull ride up until late July (15-25). The reason I have only 25 days instead of 30 is due to the convergence of our triangle, which makes for a perfect time to buy in. RSI Indicators are not very close except my LAVA one showing a nearby relative location compared to the other rallies.
FYI, I haven't bought in yet because I still predict some more downward action for a couple of days (bear triangle). This is just making the case for an impending bull ride instead of a continuation of the bear trend.
The gray lines indicated in the 2012 area, show that trendline being ignored due to the major "whale" buy on Nov 24th, 2012 which screwed up the top. When that old top line converged with the market, it held for about 5 days before being blown apart. That confirms that the bottom trendline was also negated at the same time... verified by the fact it was never touched again.
FYI, I haven't bought in yet because I still predict some more downward action for a couple of days (bear triangle). This is just making the case for an impending bull ride instead of a continuation of the bear trend.
The gray lines indicated in the 2012 area, show that trendline being ignored due to the major "whale" buy on Nov 24th, 2012 which screwed up the top. When that old top line converged with the market, it held for about 5 days before being blown apart. That confirms that the bottom trendline was also negated at the same time... verified by the fact it was never touched again.
