Downward curving spiral channel. Equities crash when we hit the top of the resistance line. Likely stock market crash Q1/Q2 2023 given rate of increase. Short-term consolidation period expected Q2/Q3 '21 before final rip. GG
Q: What has the highest probability of occurring?
Since early July there have been 4 tests of 132.000 resistance.
There is a combination of 2 classic patterns forming at resistance.
The double top, where both tops have been rejected at 132.000, is currently valid.
The head and shoulders, the head consisting of the double top, would need to break the neckline...
The U.S. Government Bonds 10YR Yield has just made contact with the MA200 (orange trend-line) on the 1D time-frame for the first time since December 2018! The closest it has come too after that was in January 2020. On both occasions that was the price top.
Additionally the RSI shows an interesting feature. A Double Top (red ellipse) signifies the start of a...
