I took the 2014-2015 crash and overlapped it with the recent one. I scaled it trying to match the recent movements.
I think fractals are powerful because psychology remains the same and history tends to repeat but keep in mind this is just an extra point of view to be used with more detailed TA.
I'm willing to scratch this idea and start a new one if the market proves I put it wrong or if I come up with a better analysis.
I think fractals are powerful because psychology remains the same and history tends to repeat but keep in mind this is just an extra point of view to be used with more detailed TA.
I'm willing to scratch this idea and start a new one if the market proves I put it wrong or if I come up with a better analysis.
Note
This is where I took the bars patters, zoomed out:Note
This new analysis has the bars pattern with the same time scale as in 2014, not compressed as in my previous one.I put the tags from the famous "Wall st. Cheat Sheet" where I think they correspond.
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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.