DIA possible bearish reversal at small Gartley pattern
There is a small bearish Gartley Fib Pattern in the DIA that could present itself as a very unique selling opportunity during the remainder of this week.
SOMETIMES very small bearish Gartley patterns nail very important final tops in markets and stocks.
However, important confirmation needs to present itself in the form of price candlestick signals assuming we move up into the 164 zone.
If we do get into 164 zone then look for candlestick price reversal signals.
End of month, end of quarter 'window dressing' may create small upward bias into end of this week.
So if all goes according to plan we should start to see a key bearish reversal from this small bearish Gartley late this week or early next week.
Early next week is indicated to be a panic cycle week according to Marty Armstrong and the following weeks after next week are indicated to be high volatility.
This small bearish Gartley pattern may be nailing a very unique top and shorting opportunity in 2014 !!!!
but needs confirmation at the 164 zone of clear reversal !!!!
The fly in the ointment with this type of potential pattern setup is that if the DIA exceeds the 164 with confidence on a closing basis, then the situation could turn in the exact opposite resolution (extreme upside market breakout and strength).
SOMETIMES very small bearish Gartley patterns nail very important final tops in markets and stocks.
However, important confirmation needs to present itself in the form of price candlestick signals assuming we move up into the 164 zone.
If we do get into 164 zone then look for candlestick price reversal signals.
End of month, end of quarter 'window dressing' may create small upward bias into end of this week.
So if all goes according to plan we should start to see a key bearish reversal from this small bearish Gartley late this week or early next week.
Early next week is indicated to be a panic cycle week according to Marty Armstrong and the following weeks after next week are indicated to be high volatility.
This small bearish Gartley pattern may be nailing a very unique top and shorting opportunity in 2014 !!!!
but needs confirmation at the 164 zone of clear reversal !!!!
The fly in the ointment with this type of potential pattern setup is that if the DIA exceeds the 164 with confidence on a closing basis, then the situation could turn in the exact opposite resolution (extreme upside market breakout and strength).