Update: Similarities 1929, 1987, 2018

Two posts have been made showing the similarities between 1929, 1987 & 2018.
They were posted on Feb. 21,2018 and March 5,2018.
Some similarities still appear in the DJIA daily charts as shown below.
A blue box highlights the TD (trading days) from the ATH to the lower high before the waterfall slide in 1929 & 1987.  A blue box also is included in the 2018 chart that displays a similar price pattern, so far.
After the blue box in 1929 & 1987 the previous lows were broken and this led to a very bearish pattern.  If the recent lows in 2018 get violated, watch out for a "possible" bearish price pattern.
This pattern has been playing out since Feb.21,2018 and should continue to be watched very carefully.
This is not a guarantee that it will occur again.
But it should be watched just in case.

 

Some similarities:
1- Since the ATH price trades below the moving average
2- The moving average has a negative slope
3- The histogram is negative
4- The TD in 1929 (28 TD) & 1987 (27 TD) are similar from the ATH to the lower high before the slide
5- The TD in 2018 is also very similar (30 TD)

* BUT, price in 2018 is still trading above the recent lows. 
Price MUST hold above the recent lows in order to invalidate a bearish scenario.

Watch this chart carefully.

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This has been posted for Educational Purposes Only.   
Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.