Interesting similarities and differences to the previous bear market.
We appear to have spent a few months between the 77-83% range, whereas in 2015 we only wicked into there before ranging in the channel above. (red circle - wick not visible on line chart)
Perhaps we do the same now and range between 4k and 6k for up to a year(?)
I do envisage we will see 6k and then 3k again before we move out of these ranges and begin a bull run.
Also - until the 200day and 200week touch/meet (arrow) - we be accumulating.
We appear to have spent a few months between the 77-83% range, whereas in 2015 we only wicked into there before ranging in the channel above. (red circle - wick not visible on line chart)
Perhaps we do the same now and range between 4k and 6k for up to a year(?)
I do envisage we will see 6k and then 3k again before we move out of these ranges and begin a bull run.
Also - until the 200day and 200week touch/meet (arrow) - we be accumulating.