Dow Futures (YM) - Bearish Ending Diagonal (Wedge) Pattern
Updated
Bearish Ending diagonal on the Dow Futures Chart
Expecting a violent move to the downside, which have have begun today.
Projection is approximately 25,000 on the Dow Futures.
Expecting a violent move to the downside, which have have begun today.
Projection is approximately 25,000 on the Dow Futures.
Note
The E-Wave finished at the beginning of Today's session for December 9th, 2020.The Dow Futures have subsequently begun their sell-off.
This is one of those moments in time where a trader can feel comfortable and have conviction while screaming, "SOLD SOLD SOLD SOLD. HIT THE BID. HIT THE BID...SELL SELL SELL SELL SELL."
Note
There is a very high probability of a massive selloff now commencing on the YM futures. The YM has overshot the wedge pattern slightly to the upside, but it did not significantly breakout above the wedge. The stock indices are very overextended. I expect a VIX volatility explosion.Note
The Dow Futures are about to fall off a cliff.
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