The 2010 Flash Crash and The 2018 XIV crash
Usually, during corrections, I take a look back at previous corrections to see what we can maybe expect, sort of like a roadmap. Many years ago tops used to take the form of an M and bottoms used to look like W. We used to say that M is for murder and W is for winner. Then more recently we started seeing V-bottoms. W-bottoms you get the first low, a bounce then a retest/undercut of the first low, these were very common. Then the V-bottoms came along and instead of retesting lows we were retesting highs and breaking through them [...]
