I made this chart up last night highlighting the similarities of the blue boxes and what to possibly expect. The sell off continued and the RSI and MACD hit levels only previously seen as annotated by the orange circles. So regardless of which is playing out, I expect a rally and then a divergent lower low over the coming weeks. The earliest comparison in July 2022 lines up with similar dates just 2 weeks apart. That July 2022 low on the RSI & MACD eventually bottomed (divergent) on 01 Sep 2022. Maybe, something similar is playing out.
Charting, page-54
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