If u think with Fed pivot market will bullish check this. In 2000 and 2008 with cutting rates, market had crash!!!! I am just 2 years in the market and i never had experience of these but at least i can look at the past
can you imagine IF the pattern work out!!!!!! it is already break out!! we have serious inflation that cause recession or in worst case stagflation just like 1970. it is really scary.
all indexes are topped out and overbought. if u compare Nasdaq with Tesla u can see that March rally is the same too and it will be over soon. deja vu!!!!
every where are bearish divergences and every oscillator is overbought. if u think market goes up check this!!!
I reached my first target and now Tesla make one bearflag and next target is around 400-430$. i guess we reach the target in next 2 month. aslo 400$ is in weekly chart around 200 MA and also has very strong price volume!!!
HSI is in Bear market and now make one wedge Pattern and i guess it can easily break down. if it is happening we can see nio in around 13$ again.
knife edge breake out!!!! look like 2008!! if u look at vix and another indicators, every things are prepared for a big crash.
As u see i marked possible bottoms( support) for Dow Johns at chart, and i guess probably the second one is our bottom!
as i told u befor, BTC reach first 22k and after that 12k. Now BTC is on bear flag but in BIG picture is on head and shoulders pattern and the target is 12k. trade safe.
as i said bevor there is no way to upside. market should goes around 900M $.
as long as Dollar goes up market goes down and we see nice upward trend for DXY and i believe that after many years it will breaks out this strong resistance ( look at inflation rate!!!) and it is not good for DJI and BTC!
Tesla is on correction wave. first target is between 500/600$
market trend is inverted and it is just bginning big crash!!