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Lawtyrant
Mar 16, 2018 5:31 PM
DJI trouble ahead
Short
DJ:DJI
1D
Dow Jones Industrial Average Index
DJ
Description
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Mar 16, 2018 5:31 PM
It appears that the DJI corrective triangle should be coming to a close Monday or Tuesday of next week. Once the Triangle is closed I am expecting a very steep decline to the first target.
This is not investment or trading advice.
Trade active
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Mar 19, 2018 4:42 PM
It has begun!
Wave Analysis
Chart Patterns
Comments
iGoddard
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Mar 19, 2018 5:10 PM
I did this analysis last night, just updated. Notice that the down slides occur in about 1/4th the time as the recoveries.
This implies to me that the bears have the upper hand in this battle, they're hitting with much greater impulse.
Lawtyrant
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Mar 19, 2018 5:16 PM
@iGoddard
, great analysis. thank you for sharing that.
iGoddard
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Mar 19, 2018 4:49 PM
It finally broke out, and it broke down as you called.
And a likely bearish wave of interest-rate-hike fear is likely to follow today's mudslide... :(
More
This implies to me that the bears have the upper hand in this battle, they're hitting with much greater impulse.