Dow has completed a Bearish Buttefly Pattern, and possibly going to make a land fall by tomorrow . I would monitor news headline for a possible reversible signs....
Comment:
The head line is full blown trade war between Canada, Europe and the US... so, the timing might be right for stock markets collapse
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The technical chart preceded th head line news, and yes, we are going into a long bearish weekend with G7 meeting highly turbulent
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I dont think markets can sustain towards the closing today, expecting a major sell off.. Especially, Apple is forecasting a huge decline in order book for iPhones...
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Surprisingly, the market closed high, but not higher than yesterdays high, and created a stop volume candle on daily with very low volume bar. Indicating, sell off is in the horizon...
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This is not a call for scalping...this is medium term view, any one who is scalping or taking a swing trade, can take this perspective into their trades....
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Well well well, sometimes I wonder how powerful the technical analysis can be... G7 meeting, Trump threatened to stop trade entirely with some the closest allies of the US in the European Union and Canada... I guess that stop volume candle on the daily was there for a purpose... Stock markets crash on Monday ? Lets see...
Trade active:
Following up on our initial strategy to short the Wall Street US 30, we are on track according to the Bearish Gartley
Comment:
On track in terms of melt down of stock markets expectations according to our Bearish Gartley
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How do you like the analysis ? hope you like the profit too ? :)
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Lets be frank, the market went up when Trump became the president of the US in a hope to drive the economic growth. So, that hope is now shattered, and all the inflated bubble incorporated into the stock markets must burst now.. so, I am anticipating, that the DOW might dive down to 18,000 level.... Call me crazy, but thats what it looks like
Trade active:
Achieved, +1300 points so far, and the short is still open
Trade closed manually:
Trade closed with 1,300 pips
Waiting for the next move to determine the new trade set up
Waiting for the next move to determine the new trade set up