The pattern has worked for decades. 180 week moving average has acted as a line in the sand for many times. Looks like we are headed that way for this round of "correction" as well. But if it doesn't hold, we are looking at some serious pain. Last two times we breached this line in the sand, we went down by 38-46% from the 180 week moving average. Be careful out there.
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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.