Love you analysis!! If we looked at the price action on a cycle by cycle basis, are we following the same bull/bear shape or is this one different from previous?
This is the key question, of course. I am a firm believer in the repetition of cycles but there are cycles within cycles, there are long and short cycles. It's hard to know where focus the attention. In the chart, below, it's a 57-week cycle (abotu 13 months) from the Covid-lows to the top of the channel and about the same back to the lower bound. Let's see how it plays out!
This is the key question, of course. I am a firm believer in the repetition of cycles but there are cycles within cycles, there are long and short cycles. It's hard to know where focus the attention. In the chart, below, it's a 57-week cycle (abotu 13 months) from the Covid-lows to the top of the channel and about the same back to the lower bound. Let's see how it plays out! Notably, there are major volume spikes that coincide with the price peaks/valleys.
This is the key question, of course. I am a firm believer in the repetition of cycles but there are cycles within cycles, there are long and short cycles. It's hard to know where focus the attention. In the chart, below, it's a 57-week cycle (abotu 13 months) from the Covid-lows to the top of the channel and about the same back to the lower bound. Let's see how it plays out!
This is the key question, of course. I am a firm believer in the repetition of cycles but there are cycles within cycles, there are long and short cycles. It's hard to know where focus the attention. In the chart, below, it's a 57-week cycle (abotu 13 months) from the Covid-lows to the top of the channel and about the same back to the lower bound. Let's see how it plays out! Notably, there are major volume spikes that coincide with the price peaks/valleys.