View: Swenlin01

Swenlin01

On the chart below I have circled two price patterns that are remarkably similar. Each has a double top, then a double bottom, then a rally out of the double bottom, which fails, then a pullback to the support level. At that point what follows is radically different. In example #1 prices rally to new, all-time highs. In example #2 prices dive into one of the worst crashes in history. Lesson: Just because history rhymes doesn't mean that the ending will be the same.

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