Repeating Pattern: Double-Tops w/ Higher 2nd Highs
Updated
A "What If Chart" - what if we are repeating the same pattern that made the two 2021 tops to the 2022-23 Bottom, on a much larger timeframe.
The highlighted area is copied and expanded using the bars pattern tool and overlapped with present price action, starting from the last lower high in 2021).
This is a bearish scenario where we are presently making the end of our 2nd high, again, and could be over before end of Summer this year.
The highlighted area is copied and expanded using the bars pattern tool and overlapped with present price action, starting from the last lower high in 2021).
This is a bearish scenario where we are presently making the end of our 2nd high, again, and could be over before end of Summer this year.
Trade active
Here's another way to look at this, even if it hit 100k plus, it could still be valid:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.