Price action alternation
Each time price went under the 2-year SMA, it reached at least -40%. Up to that point, price had never gone under the line by more than 60%.
At the same time, we have seen many more strong moves in the opposite direction.
According to the alternation norms, there is a higher probability that the price action could be rougher this time.
At the same time, we have seen many more strong moves in the opposite direction.
According to the alternation norms, there is a higher probability that the price action could be rougher this time.
Related publications
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.