A comparison of the last reversal with current conditions.
The last reversal had three phases of oscillating between oversold and overbought. To me, it looks like we have completed phase 1, the breaking of the 200D MA and reaching 80 on the RSI. Phase 2's downslide is accelerated by re-breaking the 200D MA.
The caveat is that of course this time can always be different. History doesn't always repeat but it does rhyme, etc.
The caveat is that of course this time can always be different. History doesn't always repeat but it does rhyme, etc.