In this chart you guys can see all the similarity off the cycles... I used colors to define the lines.. same colors in different cycles
If you guys analyze all the cycles, you'll see that we always break the capitulation channel.... capitulations lines needs to break for a new cycle.... we act in the last cycle with the same movements... first we made a down trend line, and than we touch the floor of the capitulation channel, after this we cross the down trend line and made a pump(like we are seeing now) for a new lower high, and after this, the top of the bull run and this new top, give to us a new down trend line, that gonna bring us to the real bottom... you must understand that the cycles are growing, bigger capitulations needs biggest correction.
Another factor is, we always go back to the last top... with real volume...
enjoy
cheers
If you guys analyze all the cycles, you'll see that we always break the capitulation channel.... capitulations lines needs to break for a new cycle.... we act in the last cycle with the same movements... first we made a down trend line, and than we touch the floor of the capitulation channel, after this we cross the down trend line and made a pump(like we are seeing now) for a new lower high, and after this, the top of the bull run and this new top, give to us a new down trend line, that gonna bring us to the real bottom... you must understand that the cycles are growing, bigger capitulations needs biggest correction.
Another factor is, we always go back to the last top... with real volume...
enjoy
cheers