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MTU, I might suggest you draw the same green line on the NASDAQ chart (not NDX but its similar) joining the Jan & Sept 2018 peaks and youll see something special. And put that up.
Chart 1 - those black horizontals parallel S/R lines may not be relevant as the mkt has been running up on a inclined angle since 2009.
ReplyDeleteI would suggest they ought to be drawn against the two 2018 peaks and you will see where things are with the recent high.
H lines lose their relevance in certain circumstances I have noted over the years.
line added, see first chart, with the usual caveat on slanted S/R lines
DeleteMTU, I might suggest you draw the same green line on the NASDAQ chart (not NDX but its similar) joining the Jan & Sept 2018 peaks and youll see something special. And put that up.
DeleteThanks great blog ppost
ReplyDelete