History doesn't repeat, but it rhymes... I copied the bar pattern twice and pasted it for a general bearish plot. May see a relief bounce Friday, but I suspect more down follows next week.
Any large deviation would invalidate it. These fractals, & plots in general, tend to get less accurate the further out they run.
I didn't short based off of this alone, but fractal patterns are fun to watch and useful for noticing trend deviation.
Any large deviation would invalidate it. These fractals, & plots in general, tend to get less accurate the further out they run.
I didn't short based off of this alone, but fractal patterns are fun to watch and useful for noticing trend deviation.
Note
Well that worked out pretty well. Here's the next one. Makes a 5-3-5 "zig zag" corrective wave
It lines up so perfect it's creepy
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.
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.