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AlanSantana
Feb 23, 2022 8:25 PM

DJI New Low Hit | Imminent Crash (Wave C) Short

Dow Jones Industrial Average IndexDJ

Description

The DJI hit a new All-Time High (ATH) in early January 2022.

A correction started to develop right the next day and on the 24-Jan. we have the first low (Wave A).

A bounce took place (Wave B) and now the final wave of this corrective move is taking form (Wave C).

The 24-Jan. low has been broken today;
EMA300 failed yesterday as support.

With EMA300 broken as well as the last low as support...
We can expect to see soon how far down Wave C will go.

Additional details on the chart.

You can check the "Related Ideas" below for more Dow Jones Industrial Average, S&P 500 Index, Bitcoin & Nasdaq analyzes.

Thanks for the support.

Namaste.

Comment

That's a strong GAP we have today.

This is a very strong bearish signal.
Comments
HotCharts
This is the crash before the storm! Liquidate Immediately & move into cash.
TheKitchenTrader
Nice work Alan. Pick up some US drillers and Gas on the downturn. At some point the US will figure out being energy independent is the most logical play for safety and economics so the switch will be turned back on. JMO
HotCharts
Did margin calls start? This will be a huge weight on the market soon.
CryptoBuzzAnalyst
Great analysis. I got alot out of it. Yep, as soon as Russian invades it will be a cliff for all markets. I have been looking and Indices from Germany, Russian, France, they are all bearish too! It's a WORLD-WIDE impact to all markets based on what I'm seeing on charts without any emotions. I read this might be the best opportunity in 40 yrs to buy cheap etf and stocks.... Who really knows.. We shall see, but they will certainly be at a huge discount. The questions everyone should ask themselves is what do you buy if EVERYTHING will be on sale at discount....LOL
AlanSantana
@CryptoBuzzAnalyst, Yes. The governments around the world can blame their crappy politics on the war and Covid.

The biggest sale of the year if not the decade is about to take place.
AlanSantana
@CryptoBuzzAnalyst, A diversification strategy will work great for the buying.
CryptoBuzzAnalyst
@AlanSantana, Throw some ideas and elaborate what stocks or etfs or crypto would you diversify into. Me i'm looking into oil, gold and energy which I believe will skyrocket if Russia invades... Give us some of your personal diversification ideas you have in mind???
AlanSantana
@CryptoBuzzAnalyst, I am 100% crypto, me and my team.

I check the major US indexes for the public but don't actually trade them.
CryptoBuzzAnalyst
@AlanSantana, You gotta be kidding me. Their is so much opportunity on equities markets.. Crypto is great but its not the entire answer to investing or trading. I started in Crypto trading 7 years ago but not until last year I started equities and it has great opportunity for options and shorting the markets. There will always be more bear corrections or bear markets then upside bullish sides. Everyman is his own but IMO you and your team are leaving easy money on the table from equity markets.
AlanSantana
@CryptoBuzzAnalyst, I started crypto because it was the only option, the stock markets/forex and any of the like had way to many restrictions, too much initial capital, too much paperwork and I didn't have any money.

Since there is no red tape for crypto, the stock market for the people, that's where we trade.

Even know it would be troublesome, time/energy consuming, to trade these.

With Crypto we already have more opportunities than the ones we can take.

There are just too many... I can see how easy it is to read the conventional charts... But I am young (44), there is no point in going to Floppy disks when we have memory sticks today.

Namaste.
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