US 30 traded below Tuesday high of 25888, closing 98 points lower than 8/21 high, failing to confirm Sand P new alltime high on 8/24.
The zig-zag pattern is evident on chart. I marked this one as a more complex ABC structure as a 5 wave reaction (ABCDE) is evident in A wave.
Combined with bearish Gartley pattern confirmed 8/21, this latest rally attempt looks more like a B reactionary wave. Expect lower soon.
I wondered about this as puts I bought 8/21 above 25800 were still trading near my purchase price on 8/24, in spite of wild bullishness in Sand P, which was nice, but made me think;
"Hey why is Dow not keeping up and acts like stuck at 25800? Hmmm..."
This is a bear flag, resolving into final C wave soon. Will be pretty rough I'm afraid- be careful!
September is coming! Look out.
Good luck!
This is not investment advice it's just a fun post for education and ridicule. Enjoy!
The zig-zag pattern is evident on chart. I marked this one as a more complex ABC structure as a 5 wave reaction (ABCDE) is evident in A wave.
Combined with bearish Gartley pattern confirmed 8/21, this latest rally attempt looks more like a B reactionary wave. Expect lower soon.
I wondered about this as puts I bought 8/21 above 25800 were still trading near my purchase price on 8/24, in spite of wild bullishness in Sand P, which was nice, but made me think;
"Hey why is Dow not keeping up and acts like stuck at 25800? Hmmm..."
This is a bear flag, resolving into final C wave soon. Will be pretty rough I'm afraid- be careful!
September is coming! Look out.
Good luck!
This is not investment advice it's just a fun post for education and ridicule. Enjoy!
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.