Dow Jones Industrial Average, POP!
In this 6 month candle chart of the DJIA I see the top of a multi decade bull market come to a close. In this conclusion starts the decline of the DJIA retracement to the discounted SALE targets.
For most people we will not see those highs again for the rest of our lives!
I look at the higher time frame charts as lower time frame charts are run mostly by algorithms and most retail traders lose most if not all their capital to trading bots as humans we lack the speed and need more time to analyse market conditions. Some may be gifted at lower time frame analysis but to be honest most retile traders will benefit from the higher time frames.
This analysis is of my own opinion and some may take from it and others will oversee the beauty of a simple chart.
This is NOT financial advice if you seek financial aid see a licenced professional.
For most people we will not see those highs again for the rest of our lives!
I look at the higher time frame charts as lower time frame charts are run mostly by algorithms and most retail traders lose most if not all their capital to trading bots as humans we lack the speed and need more time to analyse market conditions. Some may be gifted at lower time frame analysis but to be honest most retile traders will benefit from the higher time frames.
This analysis is of my own opinion and some may take from it and others will oversee the beauty of a simple chart.
This is NOT financial advice if you seek financial aid see a licenced professional.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.