1 ON 1 FRACTAL CONTRAST VS 2008 CORRECTION.
Notes:
1. This is not a "regression" fractal, and let me explain why.
2. If you look at 2008, price was crushed under the orange wave (ending in 2200 days)
3. It's not even close here, bc a similar correction would put us at 1350.
4. From a volume point of view, we stronger than THE RECOVERY TO 1040 IN LATE 2009.
5. NOT IN THE SAME BALL PARK.
Notes:
1. This is not a "regression" fractal, and let me explain why.
2. If you look at 2008, price was crushed under the orange wave (ending in 2200 days)
3. It's not even close here, bc a similar correction would put us at 1350.
4. From a volume point of view, we stronger than THE RECOVERY TO 1040 IN LATE 2009.
5. NOT IN THE SAME BALL PARK.
Note
6. A great question would be: why would this NOT BE COMPARABLE TO VOLUME SITUATION IN LATE JULY AND AUGUST OF 2008?A: The dark gray volume wave in 2008 was OUT OF POSITION BY JUNE. Meaning since it's periodic value is roughly 1/3 of the dark navy/purple wave, it should be higher in a bull market. Because it ends in roughly 1 trading year, IT TAKES A LONG TINE FOR THIS PROCESS TO OCCUR. For that to happen now, it would take us another 18 months for this happen, IF it even happens.
Note
*typo* LONG TIME
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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.