Patternseeker

Patternseeker

As we can see, in all the most recent bear markets ( 73, 2000, 2008), the SP500 has dropped by over 50% from ATH, and the downtrend lasted for over a year. In all these events, the monthly RSI reached oversold conditions between 27 and 17. In 73 and 2008, the bear market continued in search of a bottom until it violated the Monthly MA300. The only event that...

Patternseeker

Greetings fellow traders and investors We are approaching the end of the much-debated triangle. Here I bring you the Key levels and formations to watch, as well as the explanation of why I have turned to a bullish view. To clarify, I'm no moon dreamer, and when we reached 13k, I was calling for 6k and bellow. I sustained that bearish outlook for quite some time,...

Patternseeker Updated 

All necessary information is on the chart. Following last years elections results BRL recovered against the US dollar, but despite a series of positive indicators, reports and overall better economical mood BRL failed to follow towards the target of the previous head and shoulders pattern, instead, encouraged by yet another corruption scandal, the price has been...