long term analysis. you know where to find us if you need further forex help
possible retest of MAJOR TREND LINE (bottom red)
well all THREE tp SMASHED no further analysis at this time
TP 1 hit... +4k and even more on the scalps.... 400 point rule was respected too! we grabbed some buys ! thank you
MAGA makes up 30% of US30 Price. Any more than 50% is a reversal. My “ correction “ is based on that test. 8,880 is 30% that MAGA makes up. Divide by 2 for the 50% rule. Puts us at 25,200 give or take 400 points on each side for wicks that price also matches up with my TA. if 25k breaks 23k will come, if 23k breaks we have bigger issues to worry about
if 25k breaks, 22k is new TP. *27.3 is 50 fibo. mixed with the uptrend trendline about to break.. If 50 fibo breaks... 25k sure and 22k even more possible nCoV pushing us like expected. cases in us rising cdc " get ready for global pandemic" very good possibility the MAGA stocks help us extend down to 22k
looking to get more entries in orange boxes market depending.
gold has respected 2012 lower range and extended on the long side. from a fundamental side that adds up with fundamentals being needed for this bull run to aths. respected range low 50% fib 3 day range in this range already expected wait for break in/below orange box to confirm bearish trend.
nCov needed to help but if it does let the waterfall begin
gold to push all time highs with some nCoV help. august 2012 we saw a $300 Bull run and we have broken into those levels once again.