SPY 2023 vs 2008 vs 2001 Two green candles doesnt end well

Was looking through SPY on different time frames and noticed that the crashes of 2001 and 2008 also have these two green bars present. Could be a sign of what is to come or I am just seeing things. The bear flag is easier to spot on this time frame and the structure could complete in the 250 area.

Yorum:

Looks like the more positive the slope between the two green candles, the steeper the drop. Only two data points but something to consider.