Point #1
As you can see above, the market seems to be following a 13/14 week cycle ever since the Covid crash. This means that consistently a swing low or high is forming every 13/14 weeks.
Point #2
We have once again reached week 14 (last week) and that can mean a swing high is forming right about now.
Point #3
This analysis has got confirmation due to the topping pattern in the candlesticks. I.e. bullish engulfing followed by a shooting star and a negative follow through.
Point #4
Another key confirmation is the absolute breakdown of the Dow transports last two weeks!! This is called Dow theory and has consistently been a leading indicator for the general market.
As you can see above, the market seems to be following a 13/14 week cycle ever since the Covid crash. This means that consistently a swing low or high is forming every 13/14 weeks.
Point #2
We have once again reached week 14 (last week) and that can mean a swing high is forming right about now.
Point #3
This analysis has got confirmation due to the topping pattern in the candlesticks. I.e. bullish engulfing followed by a shooting star and a negative follow through.
Point #4
Another key confirmation is the absolute breakdown of the Dow transports last two weeks!! This is called Dow theory and has consistently been a leading indicator for the general market.
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.
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.