Amazing long term analysis from the Dow Jones Industrial Average

Updated

I'm amazed how the DJIA respects the trendline... started in 1897!!!

I'm using the logarithmic scale for long term analysis.

There's also another thing that blew my mind... how the Fibonacci levels are respected in the previous highs to the coronavirus.

Note

I forgot to draw a parallel trend line from the lows in 1932, which is at the same distance than the upper and middle trend lines, like if we were "unfolding" a channel.

Could we see the Dow at 33k points for the end of the next year?

NicolasRZ

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