YM Dow Head And Shoulders Pattern Target 1.25X At 24,250
Now that the top is in, the Daily 200sma will start to roll over and start a downward trend.
The left shoulder is complete
The head is complete
Now we are waiting for the right shoulder to form and to complete with the neckline
I am expecting the right shoulder to rally back up to the 0.85 fib level and fail.
My target is the 1.25 times range expansion at 24,250
Using the 3 month chart, this is what I am expecting for the next 20 years going forward
I am expecting a 36-40% sell off into the rising monthly 200sma and the 3rd channel line. The low I am expecting will be June 2026 for roughly 18 months of a bear market
Fret not, as after the sell off, I am expecting about 110% rally back up to 44,000 at the end of 2029
After that 3 year rally up to 44,000, I am then expecting a 58% sell off into the channel bottom and the rising 3 month 200sma at 18,000-20,000 at the start of 2029-2032
After that 58% sell off, I firmly believe that is the low and price will start a new bull trend with at least a 290% rally up to 72,000 by 2045
Everybody is so fine tuned to what is happening within this small bear wedge in 2023-2024 that they are not looking at the bigger picture 20 years from now. We are in a secular bear market and will have major ups and downs in a range until we breakout of this.
The left shoulder is complete
The head is complete
Now we are waiting for the right shoulder to form and to complete with the neckline
I am expecting the right shoulder to rally back up to the 0.85 fib level and fail.
My target is the 1.25 times range expansion at 24,250
Using the 3 month chart, this is what I am expecting for the next 20 years going forward
I am expecting a 36-40% sell off into the rising monthly 200sma and the 3rd channel line. The low I am expecting will be June 2026 for roughly 18 months of a bear market
Fret not, as after the sell off, I am expecting about 110% rally back up to 44,000 at the end of 2029
After that 3 year rally up to 44,000, I am then expecting a 58% sell off into the channel bottom and the rising 3 month 200sma at 18,000-20,000 at the start of 2029-2032
After that 58% sell off, I firmly believe that is the low and price will start a new bull trend with at least a 290% rally up to 72,000 by 2045
Everybody is so fine tuned to what is happening within this small bear wedge in 2023-2024 that they are not looking at the bigger picture 20 years from now. We are in a secular bear market and will have major ups and downs in a range until we breakout of this.
Nota
I firmly believe that Dow will hit 100,000 within my lifetime at around 2050-2060Nota
Focusing on the short term, here and now, on the weekly we have TWO dojis. Where are they at? RIGHT at the top of my up channel top and the top of the bear flag channel.
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.
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.