Is The Dow In Phase C of Wycoff Distribution?
Since the pandemic lows, the Dow Joans Industrial Average Index has risen over 80%.
An incredible ROI within two years.
I have labelled what I believe to be where we are in the Wycoff Distribution schematic.
UTAD in Phase C of Wycoff Distribution.
This marks the top of an increase of 27% from the SOW (sign of weakness).
If the Wycoff schematic is to play on, then the peak has readily been set or is about to be.
The continuation of the Wycoff schematic tells us we should expect a reversal in price.
I have two potential price targets target A and target B.
Target A is a potential -30% correction from the current price.
Target B is a more dramatic decline in price up to -49% from the current price.
I just want to mention this is just my personal view on the Dow Jones Industrial Average Index and is subject to interpretation.
Thank you for taking the time to view my analysis of the Dow Jones.
An incredible ROI within two years.
I have labelled what I believe to be where we are in the Wycoff Distribution schematic.
UTAD in Phase C of Wycoff Distribution.
This marks the top of an increase of 27% from the SOW (sign of weakness).
If the Wycoff schematic is to play on, then the peak has readily been set or is about to be.
The continuation of the Wycoff schematic tells us we should expect a reversal in price.
I have two potential price targets target A and target B.
Target A is a potential -30% correction from the current price.
Target B is a more dramatic decline in price up to -49% from the current price.
I just want to mention this is just my personal view on the Dow Jones Industrial Average Index and is subject to interpretation.
Thank you for taking the time to view my analysis of the Dow Jones.