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Strange observation:
- Look up Nasdaq100 on daily basis. We see a straight rise from oct to
dec, then a small abc, or flag at the very top, and finally a small move
out of that to slight new highs.
- Look up now in 60min, see the exact same picture with a straight rise
in feb, then a small abc, or flag at the very top, and finally a small
move out of that to slight new highs.
- Look up now in 15min, see almost the exact same picture with a
straight rise from feb 22nd, then a small abc, or flag at the very top,
and finally a small move out of that to slight new highs.
Definitely reproducing the same pattern in ever smaller scale. Now what
does it mean? Here I am a bit clueless. Has anyone studied the
resumption of such occurrences, meaning how does one exits from
repeating patterns at ever smaller time frames?
Gwenn
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