J-Streak

A Topside Breakout of the Broadening Top on the Dow

Long
TVC:DJI   Dow Jones Industrial Average Index
Sometimes there are topside breakouts on broadening tops, when this occurs a parabolic spike almost always follows... If today is a one day reversal and the Dow blows through the top, here is my short term price target on the move.

Comments

Parabolic Breakout, to the Upside should it occur would be the endgame, final bring everyone in "BULL TRAP"rally of the ages.
Avoid it like the plague.
It will ultimately end badly when it reverses to the DOWNSIDE.

Thank you for your post.
Very illuminating.

THE_UNWIND
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