Well... I don't make the rules. Hate the game, not the gamer.
Having that said - curvy channels are more than powerful and are yet to be "traditionalized" in this game. Until they are a common thing, they will show great reversal points - and on the weekly chart here - we can see the price has been obeying the top curvy channel and hasn't touched the bottom for a very long time.
Not saying we're going there in 1 blow - but that's the bottom of the bear market to me.
Imagine the depression that leads to that.
Having that said - curvy channels are more than powerful and are yet to be "traditionalized" in this game. Until they are a common thing, they will show great reversal points - and on the weekly chart here - we can see the price has been obeying the top curvy channel and hasn't touched the bottom for a very long time.
Not saying we're going there in 1 blow - but that's the bottom of the bear market to me.
Imagine the depression that leads to that.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.