DOWJ is in a daily uptrend.

Applying elliot wave analysis on the daily chart you can clearly see we are in an uptrend to grab liquidity near the all time high. I used a combination of volume + price, fib, wyckoff methodology to mark up this chart.

If you want to learn more I owe any of my TA skills to tradingview.com/u/Mayfair_Ventures/

Disclaimer: If you don't know proper trade or risk management, then you should be paper trading.

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Note the timing relative to US politics.

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...and then we get a nice end of the year pullback.

I expect long term we could be going sideways in the US markets for several years and potentially have several rallies and crashes.

of course with the Crypto market closely following Bitcoin, and Bitcoin closely following the US market you can see where this is going...

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I will be surprised if 2023 is exciting at all for the bulls in the US markets or Crypto.

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Sorry for the stream of consciousness format, I will put more effort into delivery of ideas if people engage with them! Feel free to ask any questions.

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bouncing off 21 day EMA to sucker in retail for ex and then institutions working on higher tf's jump in.

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When we are about to set a new high and retail buys in, institutions dump the price and start accumulating.

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I would expect some great news from the markets like about inflation or something right when we are back at like 34000.

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AGAIN IF YOU DON'T UNDERSTAND PROPER TRADE AND RISK MANAGEMENT THE ABOVE INFORMATION MAY NOT BE AS HELPFUL

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ok the catch though is that a 1/10000 black swan can come and fuck this up so dont put your whole retirement on it

like the election happens and trump announces a civil war

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always important to take profits

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As trump doesnt want to completely burn the world down he wont do something like that until he is absolutely backed into a wall and potentially imprisoned.

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So I expect he will take some profits like everyone else on wallst, have a nice christmas with the fam etc.

b0_b0

Penafian

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