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Chimbarosa

Big Short Ahead? We are getting closer to EMA 200 D!

Short
Chimbarosa Updated   
FOREXCOM:UDXUSD   None
Trend Analysis Beyond Technical Analysis
3
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trendanalysis beyondta
We were able to ride the two big waves in in 2018. We anticipated the first correction wave in February and we dicussed the Head & Shoulder pattern in March. Before I decide on the next trade I would like to see that the DJI closes below the EMA 200 D. We might see a bumpy road ahead which might lead us to further lows. But it is pretty hard to say how low we will get. Historically it´s bewteen 10 - 15% in case of a simple correction. Nevertheless we should take into account that we are at the end of an economical cycle; implications are obivous.

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