Black Swan Part 2? Will History Repeats itself?
-Hi guys good day! I just wanna point out something interesting.
-Fundamentally, We all know what happened and the reason of the March 12 big drop but the similarity of above chart is surprisingly uncanny.
-If we can put it aside and just trade what the chart tells us, that's when it gets more interesting.
-Both rallies formed bearish divergence, we were trending upwards on the price but the indicator trends the opposite but this recent bearish divergence looks more significant than the former.
-What do you think?
“I trade my own information and follow my own methods.”
-Jesse Livermore
-Fundamentally, We all know what happened and the reason of the March 12 big drop but the similarity of above chart is surprisingly uncanny.
-If we can put it aside and just trade what the chart tells us, that's when it gets more interesting.
-Both rallies formed bearish divergence, we were trending upwards on the price but the indicator trends the opposite but this recent bearish divergence looks more significant than the former.
-What do you think?
“I trade my own information and follow my own methods.”
-Jesse Livermore