The S&P Banking (BIX) index was in a bullish move from 1994 to 2007. Price then dropped sharply between the 8×1 and 4×1 descending angles into March. The bounce came at the extension to the original 1×1 descending angle. Any bull run should be watched as it approaches the 1×2 angle originating at the upper left hand corner of the range square.
Price Time Volume Investing
Stock Market Cycles, Gann Angles and Squares
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