I had decided not to do any forecast. But this time …, I cannot hide my temptation at least to present you the monthly chart…
In Monthly Chart 1, candlestick similarities and in Monthly chart 2, the pattern similarities are presented.
Notice; if the Top trend line of the latest pattern, which lies in the region of 5700, is broken, where it is heading to. You may compare it with that of 2008. If that happens, that will be finished in split second before we can open our eyes and fingers to the keyboard… I mean the breakdown, touch down and pull back.
Of course, history need not be repeated, but… is it not wise to take a cautious approach instead of assumptions and presumptions…and get caught in a Vise?
This posting is not meant to forecast anything but to advise for a cautions approach, comparing the history.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
