I'd like to say to everyone reading this hello! I like to draw symmetrical lines and uncover hidden meanings in their relationships. This is a chart of lines I have drawn. Sometimes I like to illustrate my drawings with icons. Historiclese ensures the historical accuracy of each drawing. I hope it speaks to you too!
What we see here is a red pitchfork, catching price at the center and the upper extreme.
After the drop, we see the sharp run-up.
Price got rejected exactly at the confluence point by the U-MLH (Upper-Medianline-Parallel).
Tomorrow is friday and - this is a weekly chart. If pirce is closing down that much, it screams "Trouble Ahead" for the Stock...
📍 Who's in Control?
- Sellers clearly have the luxury of momentum on the recent breakdown, advancing here too fast would be an immediate mistake since after that buyers will lose faith and start to cover. The correct procedure will be a time-consuming chop inside the 25,000 - 23,000 range to shake out those travelling Robinhood crowd.
We have the weapon of...
After a ruthless and cunning retrace from politicians and central bank talking heads, this piercing rally is coming to an end after reaching the full retrace target at 1250. Buyers, who would like to occupy the jurisdiction above have tried to do so in a crafty way (since the typical path looks out of the question as long as the world remains in lockdown); they...
Dow Jones Futures DJIA1! 10:15bst/05:15est 20th July
Despite the counter rally this index still looks weak technically. It should start to come off from around here and
from the upper falling dynamic from the recent highs at 25035 at best.
It should come back to the overnight low at 24902-24850 range later today. It must hold and bounce here to avoid...
