Repeating trend - new ath?
Hey all,
I just noticed the amazing similarities between the second week of December and the last week. It starts with the same downtrend (and little peaks in the downtrend), then bottoms out in the same area, finding the same resistance area's in the uptrend. Are we looking at a new breakout to new all time highs (with a possible parachute jump down....)?
Let me know what you think. Oh, and keep in mind that I'm not an expert by any means so do not take my observations as your leading financial advise. Heck, even I don't! ;-)
I just noticed the amazing similarities between the second week of December and the last week. It starts with the same downtrend (and little peaks in the downtrend), then bottoms out in the same area, finding the same resistance area's in the uptrend. Are we looking at a new breakout to new all time highs (with a possible parachute jump down....)?
Let me know what you think. Oh, and keep in mind that I'm not an expert by any means so do not take my observations as your leading financial advise. Heck, even I don't! ;-)
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