Consider yourself lucky you ever got to witness this chart
90% of what you need to be a good trader (on paper, not emotionally) is in this chart.
Well actually that's not true. I don't show hidden divergences on here but you can figure that out on your own I'm sure.
i used to not want to share with the world, now i really don't care.
this shit has worked for 50 years, its not just going to stop working now just because a few newbies on TradingView learned about it and use it to make $$ too.
Divergence trading is the key. It's all the big money really cares about it.
They won't change their ways just because retail traders use their same signals.
We haven't had a signal like this in 12 years.
What you are seeing right now is the FINAL clearing of profits by sub $18 longs from 2009/2010.
Who's providing them liquidity? Me, for one. I am a new spec long, and they can only cash out their $ profits because of my limit orders
(and the rest of the world who will be HEAVILY defending $15.. if you think $18 is being defended... just watch $15 if we get down there.... and it wouldn't surprise me, lots of liquidity down there, so $15 is possible)