Disturbing Dow Forecast. YM could hit tubulance.Well, the Dow tracks transports right? Well not that many people are transporting things haha. This fractal was taken as a "bars pattern" of the first leg down. The 3 levels I choose are important levels where price will go to if we have a dump similar to the size of the last. How do I know that? The fractal taken was not modified at all and when attached to current price it hits my targets dead on. When using the fib based retracement/ projection tool, to make all the confluence even nuttier- I seem to have found a pivot at 1.00 that is so close to the other mentioned areas of interest it is just creepy. I hope this is not the case, but if it looks like it is- Here is a HTF long term roadmap you can use. Oh and including the second leg peak to trough is 50%....
Just Hoping for the best- Planning on the worst.
Please like, comment, share, and ask questions guys. I promise I will get back to you in detail.
....If it is the right question.....
The above is not financial advise and should not be acted upon because I was with Lucy meeting up with Kitty having fun in time tunnels when I made this. (Seriously)
One Love.
Dowfutures
THIS IS NOT AN APRIL FOOLS : THE DOW IS DO(O)MED !!It seems the stock market goes down from here !!
And so goes crypto in the short medium term.
No decupling ... yet !!
There is a high correlation at the moment !!
Dow Jones Futures, shortterm Bullish Bat (potentially)Long 26120 Executed, SL 26090, target: 26270, watch 26220 retreat to move SL to BE or maybe book some profits.
Next: Short 26270 with 2630x SL target the wave fibo levels of it gets there and price actions show rejections around 26270-26300 zone.
Trade at your own risk! Don’t trade money you cannot afford to lose. Trade safely.
YM Long AnalysisAfter this huge move to the upside, I am expecting price to correct into the drawn orange rectangle-area at ~25160. Looking for longs there. Target at 25460-25480 at a one to one/127 Fib extension. Stop below the last low at ~25009, safe below 25000.
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DOW SHORT.The Futures contract hit the bottom support line of the contracting triangle PERFECTLY - then reversed.
Wave b of E will be a small drop in price, which should then reverse back up to touch the upper trend line -
after which, the price should proceed, with speed, downward.
All the best.
Riaan
Consolidation Forming within DOW Jones FuturesLooking at the DOW Jones Futures, I noticed a consolidation pattern forming. YM1! has been consolidating for the last two weeks or so, and it's next move in either direction will be a swift and powerful one. Introspectively, I am bearish on US Equities for a platitude of reasons, but I have to remain unaffected by my own personal opinions, and keep them strongly felt, but weakly held.
If you go back and look at past history, you can see that when a market reaches a top, or when a market is in a bubble, there is a last ditch effort and price action higher. How high is impossible to predict. What is possible to predict are the human emotions that cause these inflationary periods at end of bubbles. The end of a bull run is where you have "stupid money" come into the market. Money where friends are hearing from their friends that they're making money and the market is going up like crazy. It's this money that fuels the growth higher and prices even higher.
Because of this, we could very likely see the DOW jump through its initial resistance at 20670, and then venture to try its next resistance at 21155.
Safe to say I'll be watching for both of these scenarios. The probabilities are in line with a short thesis, however, if I am wrong, I hope I am smart enough to take the other side of the trade and ride the stupid money infusion.
All the best,
RC