5/17/19 8:40 AM CST Update:
It looks like our short term top is in so I went ahead and updated the chart to show what the possible pullback levels are. I’m also adding a chart from the Spring of 2013, which is looking more and more similar to the Spring of 2019.
Note that in 2013 we had a massive 3 month Spring rally that led us to overbought conditions and the MFI going above 95 on the weekly. It was followed by a massive 1 week selloff, slight recovery, and then continued downward movement until the correction reached 75%. The total correction lasted 13-14 weeks.
I’m not making predictions but rather just presenting the facts and analysis on what has happened in the past.
Weekly Current:
Weekly 2013:
See my original post on May 11th.
It looks like our short term top is in so I went ahead and updated the chart to show what the possible pullback levels are. I’m also adding a chart from the Spring of 2013, which is looking more and more similar to the Spring of 2019.
Note that in 2013 we had a massive 3 month Spring rally that led us to overbought conditions and the MFI going above 95 on the weekly. It was followed by a massive 1 week selloff, slight recovery, and then continued downward movement until the correction reached 75%. The total correction lasted 13-14 weeks.
I’m not making predictions but rather just presenting the facts and analysis on what has happened in the past.
Weekly Current:
Weekly 2013:
See my original post on May 11th.
Not
YouTube videoyoutu.be/CDzQAPdsj5w
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.