DOW 41k, YOU'RE GONNA WANNA PAY ATTENTION TO THIS PRICE TARGET
Updated
41k is a massive resistance price target
meaning, it is likely to hit allowing exits at profit.
If it hits there is potential to see it bounce around even as high as 54k in a short term, but ultimately, at some point it will need to retest the lower end price targets.
If it were to do that sooner rather than later, it allows for a more natural growth in the price.
Meaning, there is a lot of potential to see the price melt up from 41k and then keep going.
OR more likely, there is a lot of potential to see a drop, possibly even a steep drop from 41k.
Either way, the downside takes us around 20% and then as high as 40% down from 41k.
I included 9k as a potential target, but I don't think we see baring a nuclear bomb being set off on the moon, but anything is possible.
All in
Mark Cuban, Sold stake in Mavs
Jeff Bezos, Sold Amazon stock
Warren Buffet, Sold Apple
Ryan and Carl, Buying BBBY
Multiple sports teams for sale, sold or being shopped
Massive deals everywhere
If you need any more signs that a top is near, with potential to crash hard allowing for a buy the dip scenario. Here is a small sample of it.
meaning, it is likely to hit allowing exits at profit.
If it hits there is potential to see it bounce around even as high as 54k in a short term, but ultimately, at some point it will need to retest the lower end price targets.
If it were to do that sooner rather than later, it allows for a more natural growth in the price.
Meaning, there is a lot of potential to see the price melt up from 41k and then keep going.
OR more likely, there is a lot of potential to see a drop, possibly even a steep drop from 41k.
Either way, the downside takes us around 20% and then as high as 40% down from 41k.
I included 9k as a potential target, but I don't think we see baring a nuclear bomb being set off on the moon, but anything is possible.
All in
Mark Cuban, Sold stake in Mavs
Jeff Bezos, Sold Amazon stock
Warren Buffet, Sold Apple
Ryan and Carl, Buying BBBY
Multiple sports teams for sale, sold or being shopped
Massive deals everywhere
If you need any more signs that a top is near, with potential to crash hard allowing for a buy the dip scenario. Here is a small sample of it.
Note
still saying be careful. but also, don't be afraid to make some money if you see a good trade somewhere within the market. I'd probably suggest locking in profits quickly to avoid any sharp loss to your position. Yes, maybe you miss some upside, but if you make the right trades, it won't matter, and missing upside is way better than losing.Note
getting close. Again, this area is huge for a rejection point, it is also a massive launching point should it break over and confirm that movement.Note
Big rejection, will be a key point to breakout from.Note
This price target still remains extremely important in directing the next movement. Note
nearing a point that should set off some alarms.
it doesn't mean crash incoming, it means, keep in mind the price and realize how much it is up vs how much it is down and see if that risk and reward is worth it to you.
Trade active
A couple paths marked, I'm not sure where it heads however, I do like these longer term price targets and trends. Marked a couple zones that would technically be considered a buy should it get there and indicators still align.
Otherwise, I marked it down to the extreme low.
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Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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