This plan is based on an assumption we'll see price action similar into the end of a DJI rally as we've seen into the end of previous super trends.
Each step of this has to happen for the next one to be valid. If any steps fail to come, the plan is invalid.
1 - The market rallies and it breaks just over the last high.
2 - The market appears to be crashing off a failed new high but holds the last lows. Probably some sort of inverted head and shoulders here.
3 - The market breaks out and keep going to 37,900. Some stalling action in this area. Spot to accumulate into sharp dips (That should not go far)
4 - A parabolic run into the top. A few weeks of solid bull candles into 41,500 area. In this area as soon as we see bearish weekly candles (Hammers or hanging men closing red) we can start to speculate a high is in.
5 - Price sells off to 35,900 and bounces to 39,500. Position for a mega crash. No major sustained bounce until March 2020 low broken.
Each step of this has to happen for the next one to be valid. If any steps fail to come, the plan is invalid.
1 - The market rallies and it breaks just over the last high.
2 - The market appears to be crashing off a failed new high but holds the last lows. Probably some sort of inverted head and shoulders here.
3 - The market breaks out and keep going to 37,900. Some stalling action in this area. Spot to accumulate into sharp dips (That should not go far)
4 - A parabolic run into the top. A few weeks of solid bull candles into 41,500 area. In this area as soon as we see bearish weekly candles (Hammers or hanging men closing red) we can start to speculate a high is in.
5 - Price sells off to 35,900 and bounces to 39,500. Position for a mega crash. No major sustained bounce until March 2020 low broken.