Post the 08 market crash price has accelerated very fast away from the trend line I have drawn in white. Is it following another trend like the one drawn in dotted green, or will a retest of the white line come.
It is more likely in my opinion that it follows the green curve up as a drop like that would be a massive bubble pop.
See how it unfolds
Monthly timeframe
It is more likely in my opinion that it follows the green curve up as a drop like that would be a massive bubble pop.
See how it unfolds
Monthly timeframe
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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.