Very rough look at events in the past as channels came together. Note that the 2014 crash is a little difficult to review due to it's length.
Trying to take an objective stab at this, it looks like each crash ended before the channels met. We are nearing the coming together of the long established up trend* and the recent down trend.
Has anyone you know looked at this in more detail? I'm sure there is some proper TA on this lurking in TV somewhere?
* some creative licence in mapping this out was used as it is not perfectly linear! No Pro :)
Trying to take an objective stab at this, it looks like each crash ended before the channels met. We are nearing the coming together of the long established up trend* and the recent down trend.
Has anyone you know looked at this in more detail? I'm sure there is some proper TA on this lurking in TV somewhere?
* some creative licence in mapping this out was used as it is not perfectly linear! No Pro :)
Comment:
Looks like we are going to the wire unless we drop to form a new low.
Comment:
looks on-trend