Hi everyone:
Take a look at the late 90s there was a big overthrow of the trend. Afterward, when it broke below it went the same distance below the bottom line as it did over the top line. Now we're in a similar situation where the overthrow of the trend is less severe than before. Nevertheless, this would suggest that were heading to at least 7000 or maybe lower if we break the lower trendline that we are now at. All comments are welcome. Thank You
This is not trading advice just an obvious observation that everyone else can see.
Take a look at the late 90s there was a big overthrow of the trend. Afterward, when it broke below it went the same distance below the bottom line as it did over the top line. Now we're in a similar situation where the overthrow of the trend is less severe than before. Nevertheless, this would suggest that were heading to at least 7000 or maybe lower if we break the lower trendline that we are now at. All comments are welcome. Thank You
This is not trading advice just an obvious observation that everyone else can see.