the 'trick' is simpel
I take the peak of the latest correction and I take the latest bottom point as the end point
then I look ... how well does this match up
point being; if we were to go back to previous high and low points; those circles always match up in a way that it's just obvious
so ... does it match up enough ?
it's never going to be 100%, but ... I'd say it matches enough to be cautious ... we might have bottomed out already
I take the peak of the latest correction and I take the latest bottom point as the end point
then I look ... how well does this match up
point being; if we were to go back to previous high and low points; those circles always match up in a way that it's just obvious
so ... does it match up enough ?
it's never going to be 100%, but ... I'd say it matches enough to be cautious ... we might have bottomed out already
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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.