I was just looking through the chart and noticed these few things.
The 200EMA ( Yellow) - Previously the longest below PA was 133 days in End 2019 till 1st April 2019
Currently, PA has been below the 200 for 238 days, over 100 days Longer.....A Sure sign of how havy that bear market was / IS
The 50 EMA ( RED) is another story - Previous longest below PA was 427 days from August 2014 to Oct 2015
Currently, 50 is under PA and we have till 6 March 2023 till we equal this time BUT what is VERY interesting for me is that in 2014, 84 days after PA went under the 50, it rose rapidly and touched the 50 again, trying to break through. It got rejected
And Exactly 84 days after PA went under the 50 this time, it also tried to break through the 50. It succeeded for a little while but once again, got rejected.
SO, will PA act as a fractal again and break above in March ?
Who knows...But it is certianly something I find interesting
The 200EMA ( Yellow) - Previously the longest below PA was 133 days in End 2019 till 1st April 2019
Currently, PA has been below the 200 for 238 days, over 100 days Longer.....A Sure sign of how havy that bear market was / IS
The 50 EMA ( RED) is another story - Previous longest below PA was 427 days from August 2014 to Oct 2015
Currently, 50 is under PA and we have till 6 March 2023 till we equal this time BUT what is VERY interesting for me is that in 2014, 84 days after PA went under the 50, it rose rapidly and touched the 50 again, trying to break through. It got rejected
And Exactly 84 days after PA went under the 50 this time, it also tried to break through the 50. It succeeded for a little while but once again, got rejected.
SO, will PA act as a fractal again and break above in March ?
Who knows...But it is certianly something I find interesting