From a technical standpoint, SELL AND RUN.
Updated
Going to keep this short and simple.
I'm an amateur Crypto trader, and from what I have learned I am seeing some very concerning signals in the DJI.
First off, we have hidden bearish divergence forming in the daily and it is STRONG.
Second, it looks to me like we are completing a truncated 5th wave due to the 3rd wave being higher than the 1.618.
Third, the DJI is in a bearish ascending triangle.
On the weekly, hidden bearish divergence is also beginning to form.
25,785 is the number we gotta close at today in order to not start a downtrend IMO.
This number is the number we need to hit to invalidate the hidden bearish in the weekly.
However, that will just strengthen the hidden bearish divergence as the RSI would continually print higher highs.
We would in theory need to break our ATH in order to maintain any sort of healthy uptrend.
Another very interesting note-
Gold went VERTICAL on January 25th.
On January 25th, the DOW printed a gravestone doji- indicating sell strength in the area.
Did smart money exit half their positions in the DOW when the third wave completed?
Also interesting to note-
February 5th, 2018, the DJI printed the single worst daily point-loss in its history.
Meanwhile Bitcoin printed the highest daily buy volume to be seen in years. (Though this may have no relevance.)
At MINIMUM I see the Dow having completed a B wave correction, now to start C.
Do YOU see us breaking our ATH?
Do YOU think the DOW is going down harder than a hooker with an oral fetish?
What do you think!?
I'm an amateur Crypto trader, and from what I have learned I am seeing some very concerning signals in the DJI.
First off, we have hidden bearish divergence forming in the daily and it is STRONG.
Second, it looks to me like we are completing a truncated 5th wave due to the 3rd wave being higher than the 1.618.
Third, the DJI is in a bearish ascending triangle.
On the weekly, hidden bearish divergence is also beginning to form.
25,785 is the number we gotta close at today in order to not start a downtrend IMO.
This number is the number we need to hit to invalidate the hidden bearish in the weekly.
However, that will just strengthen the hidden bearish divergence as the RSI would continually print higher highs.
We would in theory need to break our ATH in order to maintain any sort of healthy uptrend.
Another very interesting note-
Gold went VERTICAL on January 25th.
On January 25th, the DOW printed a gravestone doji- indicating sell strength in the area.
Did smart money exit half their positions in the DOW when the third wave completed?
Also interesting to note-
February 5th, 2018, the DJI printed the single worst daily point-loss in its history.
Meanwhile Bitcoin printed the highest daily buy volume to be seen in years. (Though this may have no relevance.)
At MINIMUM I see the Dow having completed a B wave correction, now to start C.
Do YOU see us breaking our ATH?
Do YOU think the DOW is going down harder than a hooker with an oral fetish?
What do you think!?
Note
If the DOW still has room to move, I believe the 5th wave will stop at slightly above 26k points.
This would make the hidden bearish divergence really extreme.
Note
Just let the market do the rest, right guys? ;)
Note
No clue why I have a BTCUSD chart here. Oops xDGL everyone!
Note
Mother of God.Note
We ran into a brick wall at the .786.
This is gonna be fun.
GL bulls
Note
Everyone sees green! Joy I say!
Little do they realize that every day we're green where we aren't at or above the marked levels increases the likelihood of a very catastrophic drop.
Note
Looks like we had a breakout of the ascending wedge to the topside.
Currently testing for support. This is a textbook long entry, but if support doesn't hold this thing is going DOWN.
Note
Closer view:
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