FXTA
Short

Broadening Top Pattern

INDEX:DOWI   DOW Industrials
1482 5 4
Dow Jones making a 13 year Broadening top pattern making higher highs with slight lower lows. The projection for this forecast is once it has topped at resistance it tends to come down to the supporting level, however the kicker about this pattern is support tends to get broken down through! which signals the possibility of the Dow going even further down than 5000!. Fundamentals support this idea as well as Federal Reserve stimulus and bailouts around the world have done little. Once it stops, the markets will correct to true values.

Related Ideas

Goldmine2013
3 years ago
coo, same as my chart from a couple of months back...it's coming soon!
DOW crash coming at about 16000 / October 2013
Reply
TirthShah
3 years ago
But the same broadening pattern is not there in s&p 500 index which is a broad index.
Reply
TirthShah
3 years ago
The same pattern is not there in s&p 500 index .
Reply
RajveerRawlin
3 years ago
the top of the pattern has just completed i reckon
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out