Historical Analysis 2015: Part of a greater cycle
Ignoring elliot wave counts indicators and simply going to comparing pictures and seeing if they match up, I've decided to create another chart showing the comparisons between the bubble blow-off periods we have been experiencing for the last 12 months to the one we experienced several years ago.
At the end of the day we would, if we were to mirror this range, spend a considerable portion of 2015 in this low range while the market "bottoms" out and bears wear themselves out.
Like, comment, share, etc! Let me know if I'm full of it or if this is a brilliant piece of artwork.
At the end of the day we would, if we were to mirror this range, spend a considerable portion of 2015 in this low range while the market "bottoms" out and bears wear themselves out.
Like, comment, share, etc! Let me know if I'm full of it or if this is a brilliant piece of artwork.
Comment:
Will the $166 flash crash provide the "double bottom" on an entirely different scale? Time will tell. I can't wait to see this chart in a year and see what she looks like. 2016 will be an exciting year with the halving + many things launching Q1\Q2 2016.
Comment:
Please Note, as of 12-12 there is still a bug not letting this chart to be played.
The range of 2015 has been exited while the bears indeed did wear themselves out. The mirroring of the range in 2011 did prove to be accurate as well, both in moves and ratio's.
The range of 2015 has been exited while the bears indeed did wear themselves out. The mirroring of the range in 2011 did prove to be accurate as well, both in moves and ratio's.
Comment:
It resolved... we did mirror the 2011 bear trend.
Wow.
Wow.
