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Dr_Roboto
Jan 26, 2021 3:11 AM

Dow Jones Rising Wedge - I still say it is a top (for now) 

Dow Jones Industrial Average IndexTVC

Description

I know the market is super bullish, but this pattern looks like a top to me. It could stretch it out for another week or so, but that flat top is pretty clear. I still see the larger blue triangle that could take us even higher, but looks like a some level of correction should come first.





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FYI
Comments
z3m25
Well I'm short and.....happy LOL
MRPAPAYA001
Top should be after stimulus package ?
z3m25
I keep saying it, but 3876 is the decade old voodoo trigger line using the Elliot wave and it's not a glass ceiling, it's poured concrete. I debated on going short at close, but thought it best to wait for a 2% pullback. I went from 10 swing trades down to 2 on Friday, starting to find Bear swings to play on the way down.
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