33.33% closer to history
I did a simple calculation based on market top in 2007 using a weekly chart. After the uptrend line was broken, price fell 9.25% away from the uptrend line below rebounding to re-test the support-turned-resistance trendline.
The bullish marubozu bar did close above the trendline but next weekly bar was a DOJI closed below the trendline - not good. And subsequently a bearish marubozu bar which resulted in an evening star pattern. The rest is history.
Now we are again 1/3 very identical to 2007 top again. We just had a weekly bullish bar close slight right above the uptrend line which is why i said we are 33.33% closer. If next weekly bar is a DOJI with a close below that trendline (from 2009), then we would have 66.66% closer to repeat of history.
It would be even exciting next two weeks, i GUARANTEE you!
Cheers
The bullish marubozu bar did close above the trendline but next weekly bar was a DOJI closed below the trendline - not good. And subsequently a bearish marubozu bar which resulted in an evening star pattern. The rest is history.
Now we are again 1/3 very identical to 2007 top again. We just had a weekly bullish bar close slight right above the uptrend line which is why i said we are 33.33% closer. If next weekly bar is a DOJI with a close below that trendline (from 2009), then we would have 66.66% closer to repeat of history.
It would be even exciting next two weeks, i GUARANTEE you!
Cheers
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.