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JustoMcGusto
Dec 30, 2018 8:46 PM

DJI Short Term Fibs 

Dow Jones Industrial Average IndexDJ

Description

Plotting short term fibs off of Dows $1000 day/leg of money, to get back to 27k/the 3.618 fibonacci line.

Comment

Not sure what exactly I was going for here trying to find a short term 4.236 up to a longer term 3.618, lol, this was my first year learning, but if you zoom out those 4.236's at 29.5k are freaking dead on, 15 months before the covid crash.. the magic of TA.

Comments
Ballsyone
You are thinking a rebound that high?
JustoMcGusto
@Ballsyone, I don’t pretend to be an expert, but based off of the trends/fibs, some rudimentary fundamentals (dollar putting in a right shoulder/about to weaken, etc), and the sentiments of the chart technician I’ve been learning from/have a lot of trust in, the Dow may have another run left to a blow off top.
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