This is kind of a crooked DOW chart!
I have been changing my chart predictions as things evolve. (sorry if this is a duplicate chart; just learning how Tradeview works with posting charts)
The BLACK triangle is projecting when the DOW will fall ... approximately April 27th.
I believe it will be another quick fall like we saw at the end of February/beginning of March.
I believe it will reach the 50% retracement from the top in February. I used the bottom of the bull market in 1995/96 as my starting point. I think it will bounce off of the 50% retracement but it could keep heading to the 61.8% retracement. (My bets are on 50% retracement at around 16,466.) After that, the market should bounce back up for another 5 more months before slowly heading down lower. If you want to look at my other chart for time frame, it hits around 16,466 which will be at the end of May. (I will include the chart in related ideas.)
Gold should go down 3 days (around April 30) after the DOW starts to decline as this is what happened during the last fall. *
The BLACK triangle is projecting when the DOW will fall ... approximately April 27th.
I believe it will be another quick fall like we saw at the end of February/beginning of March.
I believe it will reach the 50% retracement from the top in February. I used the bottom of the bull market in 1995/96 as my starting point. I think it will bounce off of the 50% retracement but it could keep heading to the 61.8% retracement. (My bets are on 50% retracement at around 16,466.) After that, the market should bounce back up for another 5 more months before slowly heading down lower. If you want to look at my other chart for time frame, it hits around 16,466 which will be at the end of May. (I will include the chart in related ideas.)
Gold should go down 3 days (around April 30) after the DOW starts to decline as this is what happened during the last fall. *
Note
This is the additional chart I was talking about with regards to time.
Note
I just noticed, the last arrow I have on the original chart going up is at the wrong angle. The upward motion of the chart would not go up so steep. It would actually take a couple of months (about 5 or 6 months).
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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.