Dow in V-recovery; what can we expect?
Updated
Looks like it's headed higher and the TL is not far above. Like many others, I expected a double bottom or a retrace but events have ruled that out for now.
This will be an opportunity to close out pension funds before it breaks again. Tar: 25040 or bust!
Don't invest on this idea its just my idea, not advice. GLTA!
This will be an opportunity to close out pension funds before it breaks again. Tar: 25040 or bust!
Don't invest on this idea its just my idea, not advice. GLTA!
Trade active
So gratifying when the index fills in our charts! We have an exhaustion gap up with an island formed by the gap down on 1/28/19. Bear formation, from Edwards & Magee: "Island Reversal – A compact trading range, usually formed after a fast rally or reaction, which is separated from the previous move by an Exhaustion Gap, and from the move in the opposite direction which follows by a Breakaway Gap. The result is an Island of prices detached by a gap before and after…..The two gaps usually occur at approximately the same level. By itself, the pattern is not of major significance but it does frequently send prices back from a complete retracement of the Minor Move which preceded it”"
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