Call me crazy, but there appears to be a tremendous similarity between the price action now, and during the late 90's and 2000 tech wreck, there is one key difference, that is the 2000 price action topped out and rolled over after the final wave up, whereas the 2019-20 market found a friend with the fed's injection of liquidity into the repo markets.
The end to QT and the September repo intervention (around the highlight region) was the point where the price broke out and the non-stop rally into 2020 began, however, as you can see we are at crucial overhead resistance (going back to 2012), whilst it would not surprise me to see a melt up phase (more so than we are already experiencing) and a blow out of the resistance, the probabilities of a continued rally after the fact is dubious at best.
Hmmm... I wonder if these could be used as fractals to predict future price action?? Lol. Unkes, of course, the Central Banks of the world have literally broken the global financial system.
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@T-III, I believe that they would be able to predict some degree of future price action, however with the amount of liquidity being pumped into the system currently, they serve more as a reminder that the natural cycle is closer to an end rather than a beginning. I think a broad based 'melt up' is entirely possible, but at that point i would be moving out of equities and positioning myself in precious metals.