Dow Jones (Over Bought) Shorting chance Jan 2021Hi
This index seems to be over bought to us as it is recovering from the Corona pandemic Crisis and the way it has rallied, we may have a chance to short it at its correction or so called retracement.
we can see bearish divergence of Price and MACD and combining this flow with Price Action Analysis it gives us more confluences of a down fall and a trend reversal or at least a retracement or market correction
we have specified some support levels which can be used as some target areas and some trend lines as the most fall levels
truly speaking we don't have any concrete fundamental reasoning behind such a fall but some how we can relate it to the upcoming chaos in the USA political and FinTech industry and giant MNCs who can be an other reason for an other crisis...
please bring some reasoning for this fall if you have any in mind...
Dowjonescrash
DOW JONES Prediction: Ring the bell, we're calling the TOP!On the 3rd of August we sent the following chart to our members:
We don't want to brag, but DAMN, this is too good to be true! We never thought we can predict how the price will move EXACTLY in the future, but It seems like we just did😱
Look at the prediction (light blue) line we drew on the chart on August 3 ... The price and candles are following our prediction to the ABSOLUTE PERFECTION🤯
If our analysis and prediction holds, then we might also call it now: we are extremely close or we are actually at the TOP of the MARKETS.
So expect downhill movement to start anytime next week(s). ⏳
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.