Compared to 2019 it is looking very sketchy coming up.
similarities:
-recent lows are both 96 bars back..
-recent highest high are similar distances..
- EWO is moving close to positive..( see "signal Line" on lower portion of chart)
- expected breakout range is almost equal..( see red and green lines with prices)
differences:
- we are much closer to 200 EMA..
- ATR is much lower..
- there was no election in 2019..
just some food for thought considering all I see is charts pointing TOTHEMOOONNNNN! haha
similarities:
-recent lows are both 96 bars back..
-recent highest high are similar distances..
- EWO is moving close to positive..( see "signal Line" on lower portion of chart)
- expected breakout range is almost equal..( see red and green lines with prices)
differences:
- we are much closer to 200 EMA..
- ATR is much lower..
- there was no election in 2019..
just some food for thought considering all I see is charts pointing TOTHEMOOONNNNN! haha