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US 30 Bear Flag Breakdown: Expect Rally to Fail
Dow Jones Industrial Average Index
Short
US 30 Bear Flag Breakdown: Expect Rally to Fail
By DaddySawbucks
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Updated
Dec 14, 2018
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Dec 13, 2018
Typically after a flag or pennant breaks a rally sets up to retrace the breakdown and is rejected from lower trendline.
Extreme bearishness is prevalent. Expect Christmas Crash. Sorry Santa!
Just an idea, not investment advice, GLTA!
Dec 14, 2018
Trade active
Surprising support Thursday will it hold up Friday? Futures suggest Nay... GLTA!
Dec 14, 2018
Trade active
Hmm drop came a day later... silly chart!
Dec 17, 2018
Trade closed: target reached
HIt 253.5 in Monday trade, look for a bounce off this level; Fibo .50 = +675, .62 = +837 >24 from 24361 > 24136 - 24200
bearflags
Chart Patterns
downtrending
failedbreakout
Trend Analysis
Wave Analysis
DaddySawbucks
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