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Is SPY behaving identically to what happened in November 1973?

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Ok hear me out, I believe that today's price action in the year 2023 is eerily similar to what has happened in November 1973. I am not saying that is what will happen today but I can't shake the feeling that this is what will likely happen.
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Today's price action in the year 2023

snapshot
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After the triangle broke in 1973 a massive 40% drop ensued.

snapshot
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The same 40% drop today would take us to the monthly 200sma

snapshot
Dow_Jones_Maestro
1973Chart PatternscrashTechnical IndicatorsofTrend Analysis

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1973Chart PatternscrashTechnical IndicatorsofTrend Analysis
Dow_Jones_Maestro

Aviso legal

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.