DaddySawbucks

US 30 ?Bear Flag forming Again? May be EW4 in downtrend- Danger!

DaddySawbucks Telah dikemas kini   
DJ:DJI   Indeks Dow Jones Industrial Average
JW if this 3-day rally is another fakeout, has earmarks of a bear flag rally, very hard to call a bottom yet, consolidating, fluctuating.

Trading at area where price has provoked bear reaction, the EW model suggests we might expect retest of lows, and possibly a lower low.

Filling the gap down from 249 was expected, top of the gap = pivot & resistance; breakout above this level would signal a move up.

Bulling up through 250 would invalidate the model as 4th wave shouldn't break above low from 1st wave.

This isn't investment advice, just an idea, trade at your own risk; GLTA!
Dagangan aktif:
Looks like a breakout lol. Who knew? See if we get confirmation...
Dagangan aktif:
Didn't get far lol. Notice topped at 26k at TL from 03 Oct + 08 Nov peaks. Might get a retrace up to ~24K before it rolls over and takes a big dive.
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.