Chart looks identical to May 2021...may be in for some hurt
Just a simple low IQ comparison. Looking at the weekly circa May 2021 looks identical to what we're seeing today. Drew the same pattern in red and a bull case in case we still see a new high with the 4 year cycle, but it's looking bleak. We're getting close to completing another weekly cycle and should expect the new low within the next 2 candles. Question is, are we about to retrace 55% like May 2021, or continue the bull run into a new high later this year?
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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.