Does history repeat itself?
The previous correction cycle, after breaking the local low, ended with a cup and a nice bounce came.
The current situation is reminiscent of the previous one.
However, if there is a similar volume of short closing now, the down trend of about two years can easily be broken.
I also see signs of this on a larger time plane, on a weekly chart.
The current situation is reminiscent of the previous one.
However, if there is a similar volume of short closing now, the down trend of about two years can easily be broken.
I also see signs of this on a larger time plane, on a weekly chart.
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