Short-term analysis at PRZ of a long-term bearish gartley (DJI)

By tomtourettes
Updated
broke down from a rising wedge pattern yesterday too... bearish divergences...

Just a quick update to the chart I posted earlier this year(see related ideas).
Comment
Also, after eyeballing this as a probably bearish harmonic yesterday, I just made sure that was the case... a perfect bearish shark.

snapshot
Comment
My "educated guess" prediction I made sometime last week just worked out well :) Very nice to see as cryptocurrency HODler that's dying to get into stocks/forex once bitcoin finally moons along with the stock market bear market. So here's a new inverse H&S pattern with a target very close to the rising wedge target from mid-September that was never hit(and matches up with the lower points of the bearish shark I pointed out in the previous update).
snapshot
Comment
It tried to find support at my trend line but just formed a bear flag(which it broke down from a few minutes ago)...
snapshot
OscillatorsTrend LinesWedge
tomtourettes

Related publications

Disclaimer