US 30 Possible High Pivot Projected by Bearish Gartley
Updated
1.618 Fibonacci extension line on the Bearish Gartley pattern intersects the high trendline, Demark pivot resistance and completes the Gartley pattern at 26268.
Look out for the usual patterns- shooting stars, Pin Bar, H&S if we get them as clues. None to be seen anywhere 8/27 all day so it's probably going higher.
Just a best guess. Good luck!
This post for education and your amusement only. This isn't investment advice. Speculate in stocks at your own risk!
Look out for the usual patterns- shooting stars, Pin Bar, H&S if we get them as clues. None to be seen anywhere 8/27 all day so it's probably going higher.
Just a best guess. Good luck!
This post for education and your amusement only. This isn't investment advice. Speculate in stocks at your own risk!
Trade active
US30 bucked the trend today but it won't last. Although markets could pivot and retest higher, bearish divergence is growing and we may have already seen the tops. I'm afraid we are not in a fourth going on fifth wave but what appears to be an ABC or WXY, and A/W is getting pretty ugly. If so, the B/X reactionary wave could be vigorous, might retest highs. EW analysis will break down in highly volatile, emotionally charged markets- highly unpredictable, extremely risky. Safest bet now to take no trades until this thing declares itself. Preserve your trading capital!
Related publications
Disclaimer
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.