Hello everybody,
I'm going to start the new year and decade with a long-term analysis based on the monthly chart. What is striking is that in the years 2000 - 2010 there was always a crash after a breakthrough of the MA50. (2001 - 2008) See that in 2010 - 2020 the MA50 offered support twice and a crash (2016 and 2018) has been subtly avoided.
What does 2020 -2030 bring? In the first place a continuation of the long-term upward movement since 2009 within a trend channel the top is currently around 640. Recently there has been a reversed SHS pattern abyss with a course target of around 680 but since space is limited upwards, I do not expect this goal until the end of this year / next year.
The MA50 (currently 520) is particularly important at the bottom, see that it has been flush with the bottom of the channel for several years. It may be clear if this can no longer offer support, a following crash will take place!
It will be an exciting time, good luck all!
Regards,
TT
I'm going to start the new year and decade with a long-term analysis based on the monthly chart. What is striking is that in the years 2000 - 2010 there was always a crash after a breakthrough of the MA50. (2001 - 2008) See that in 2010 - 2020 the MA50 offered support twice and a crash (2016 and 2018) has been subtly avoided.
What does 2020 -2030 bring? In the first place a continuation of the long-term upward movement since 2009 within a trend channel the top is currently around 640. Recently there has been a reversed SHS pattern abyss with a course target of around 680 but since space is limited upwards, I do not expect this goal until the end of this year / next year.
The MA50 (currently 520) is particularly important at the bottom, see that it has been flush with the bottom of the channel for several years. It may be clear if this can no longer offer support, a following crash will take place!
It will be an exciting time, good luck all!
Regards,
TT