Looking over Long term bull trends, this current bull run from 2009 to present day, more resembles the 40's bull run vs the dot com bull run.
I placed a red dot where I believe we COULD be in the current bull run if using the 40's run as a guide.
If this is to be true, then we can expect a deep pullback into the 32,000's in a giant range, consolidation.
Using a long term trendline, currently today, price is far away from it. Price would need to rest and build up before the next rip higher.
I placed a red dot where I believe we COULD be in the current bull run if using the 40's run as a guide.
If this is to be true, then we can expect a deep pullback into the 32,000's in a giant range, consolidation.
Using a long term trendline, currently today, price is far away from it. Price would need to rest and build up before the next rip higher.
Note
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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.
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.