Heres something to keep an eye on. Using the to find areas of , were placed using the last major recessions.
There was a (1500 region) in both bull runs before 2000 and 2008, this should now serve as a major .
The trend angles in the bear markets ranged from 59-75 degrees during in the last two recessions. Both losing about 50% and lasting a little over 2 years.
If history repeats itself, this lines up perfectly with the major support region and falls in line with a similar trend angle and time range. Of course, all while still fitting inside the . Too good to be true?
Also going on the 3rd failed breakout at the top of the . This area could serve as the perfect bull trap before we drop .