In this video I breakdown all of the signs which are pointing towards a reversal in the DOW JONES.
I understand that after lots of choppiness and failed trades you may be feeling like shorts get killed.
This usually happens because your knowledge of the waves is poor.
The whole reason why we have Wave Revisions is to prepare for moments like this.
The last thing you want to do is guess frantically as you try to figure out the waves at the last minute because you see a gap at the open on some bad news.
In this case we have been preparing for this for months so the confidence is there and now we are just using other tools to confirm our analysis.
See related ideas below to see how we got here.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
@AMAFHH786 actually I am stuck from 3050 level I want to come out that trade... If retest is expected I can Hold it
MamboNY
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@AMAFHH786, sorry, i expect it but i cannot guarantee it
AriasWave
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@MamboNY, Each person is entitled to their own opinion. Your 1929 scenario will indeed happen but the question is when. If you have been listening to my analysis then you will know when. Just not yet. In the case of this current move, time will tell and by time I mean next week starting Monday.
MamboNY
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AMAFHH786
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Hello sir, could please tell me if we can go up to 3040 levels for retest then come down again or we will keep going down from the current price?? Are there any chance of retest
AriasWave
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@AMAFHH786, At this point this market is making it's way down, breaking through each level on it's way down. Once it breaks all these levels it won't stop falling. If you think it will go back and retest then you should also hedge against yourself in case you are wrong. Once Wave D is over that means Wave E is in progress and what is Wave E's ultimate goal? To go down and go down as fast as it can. Just be careful with how you approach this.