This chart was inspired after watching the charting video (linked at the bottom), where AP used the daily close on a line chart to establish the ATH Log trendline.
As you can see, we came back to the 0.786 and and now pushing both the 0.618 and trendline.
In the video, AP applied this approach to the 2014 bubble, but found nothing interesting. However, I have placed the points with extreme accuracy and find that the bear market of 2014/15 ended when the ATH trendline was broken.
I'll attach an image in the comments.
As you can see, we came back to the 0.786 and and now pushing both the 0.618 and trendline.
In the video, AP applied this approach to the 2014 bubble, but found nothing interesting. However, I have placed the points with extreme accuracy and find that the bear market of 2014/15 ended when the ATH trendline was broken.
I'll attach an image in the comments.
Comment:
www.youtube.com/watch?v=AMEFnqda...
Comment:
A comparison with 2014. Arrows indicate line attachment points
