Superposition
2014 CRASH SUPERPOSITION I have updated my superposition charts to reflect the channel break that we had recently.
I believe that this chart is even more realistic than my previous ones as the 2014 ghost pattern (in blue) is only compressed by 25% on time frame. I think this is also reasonable as we have in a slightly faster moving market today than in 2014.
So as you can see the top breakdown happened in 2014 as well and finally it happened to be a bull trap. My advice to everyone can only be to stay careful. I don't think the correction is over. But this is just an opinion.
2014 Superposition (update)I have done this superposition back in 6th of March and so far we are going in a very similar to the trend.
One important point is that the time horizon is not the same on the superposition. I had to compress it to fit the actual crash. Nevertheless the resemblance is strong.