Chart pattern indicates a very high chance of market crash, soon
Compression Triangle Forming, + Reduced Volume. 95% chance of large market bearish correction, at fib .618 and MA200 confluence.
Expect deep correction, possible new low if equal measured move.
Or in English, pretty dang good chance that we are going to see another crash very soon, deeper than previous one.
Some news event will trigger it in the next few days or weeks.
Another pointless prediction for entertainment and educational purposes. Please consult your financial adviser before doing anything stupid.
Expect deep correction, possible new low if equal measured move.
Or in English, pretty dang good chance that we are going to see another crash very soon, deeper than previous one.
Some news event will trigger it in the next few days or weeks.
Another pointless prediction for entertainment and educational purposes. Please consult your financial adviser before doing anything stupid.
Comment:
Clearly the Feds, pushed the market much much higher than anyone would have thought. Lesson here, follow the trend to the end. Which could be this week.