FXTA
Short

Buckle Up

INDEX:DOWI   DOW Industrials
273 2 3
This is the scariest chart when it comes to the Dow Jones IMO             . What this shows is a rising broadening pattern that began in the 1940's. My favorite pattern to trade because the down move is often swift but in this case, would cause financial chaos in the event this plays out.

What happens with this pattern is two trend lines begin bouncing off each other at the very start at the bottom but over time, begin testing each other while the two trend lines begin to expand until the final test at support, price goes parabolic but the upper trend line is so far away that it would be almost impossible to test again, thus becoming unstable before finally collapsing lol I have seen this PLENTY of times on shorter time frames like the daily and weekly but this is just massive. What makes it worse is the broad top pattern within this larger pattern. What a setup for financial ruin,...... Of course unless your short when the sh!t hits the fan.

Worse case scenario Dow at 2000. We Shall see with time. The Fed could possibly try to hold this up or even extend this but the more its delayed, the more painful it will be later.
Trade active: Price surging above immediate chart pattern however, Overall pattern is still active. Further delay = further pain of price plummet in the future.
Tim, you can use NYSEARCA:DXD.
Reply
How do you get in the trade? Nice chart.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out