Let's take a look at the dow jones. We see a destruction of the chart picture. The course has broken through the last low and caught again. should we see a lower high, the case is clear. We will see a clear downtrend trend (deeper lows lower highs).
The 200 EMA was able to slow the Dow down (usually the course never breaks at the first meeting of the 200 EMA) We have seen a renewed strength in the market and new hopes have arisen.
furthermore, at this level we are at the magical 78 fibonacci.
However, let us look at the long-term chart picture and see that we are still trapped in the downside channel. The next week candle will be very important for the further course of the chart.
If we see a bearish engulfing, we will continue to see sinking prices.
I am generally convinced that we will soon see an epic correction in the markets. The Dow has risen disproportionately in recent times, which could be due to the president. This pushed the own economy extremely without generating a sustainable added value is very unhealthy cocktail.
In my opinion, a backtest of the 18000 is realistic, but it depends on the behavior in the next few month.
I bought a short knockout that will be turned off over the last stop.
If we look at the Eliot Wave theory, we might as well have completed the B wave. We will see =)
enjoy the way
logindaten
The 200 EMA was able to slow the Dow down (usually the course never breaks at the first meeting of the 200 EMA) We have seen a renewed strength in the market and new hopes have arisen.
furthermore, at this level we are at the magical 78 fibonacci.
However, let us look at the long-term chart picture and see that we are still trapped in the downside channel. The next week candle will be very important for the further course of the chart.
If we see a bearish engulfing, we will continue to see sinking prices.
I am generally convinced that we will soon see an epic correction in the markets. The Dow has risen disproportionately in recent times, which could be due to the president. This pushed the own economy extremely without generating a sustainable added value is very unhealthy cocktail.
In my opinion, a backtest of the 18000 is realistic, but it depends on the behavior in the next few month.
I bought a short knockout that will be turned off over the last stop.
If we look at the Eliot Wave theory, we might as well have completed the B wave. We will see =)
enjoy the way
logindaten
Comment:
macd bearish divergence in the 4-hour chart