Just some observations but I can see NUMEROUS similarities between the two charts
There are 8 instances that are EXACTLY the same between the two. This is more than random chance.
1. Range
2. Yearly Open at top of the range before the spike down
3. 1962 and Covid Dump
4. Bullish grind
5. Bearish downtrend STOPPING right AT the top of the range box
6. Bullish retrace back to highs
7. Equal highs suspended above the top of the range box
8. Yearly Open at top of the sell off
9. Yearly downtrend selling off to hit EXACTLY the middle of the range box
There are 8 instances that are EXACTLY the same between the two. This is more than random chance.
1. Range
2. Yearly Open at top of the range before the spike down
3. 1962 and Covid Dump
4. Bullish grind
5. Bearish downtrend STOPPING right AT the top of the range box
6. Bullish retrace back to highs
7. Equal highs suspended above the top of the range box
8. Yearly Open at top of the sell off
9. Yearly downtrend selling off to hit EXACTLY the middle of the range box
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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.