DJI Its very similar with sept-oct 2008, when index fall 33% in 38 days and then jumped shortly 50% back.Tonight we had lowest 22372 and Fifo 0.5 shows exactly level 26000.
Lets start to fishing, good luck and clear mind!
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My worst case scenario, exactly same numbers from sept-oct 2008 - 38 days -33%Trade active
Updated ver with latest data.Trade active
Worst case scenario getting more and more probability from now - DJI -9.9%.We dropped trough 26.dec 2018 and even support line from 9.march 2009
Latest data is here and short squeeze target 24660. Good Luck!
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Lets back in october 2008. There was similar fall in 9.oct when DJI lose 7.3% (yesterday 9.9%). Next day (Friday as today also) -1.5% but lowest was -8.1% 7882 (until now today's lowest -13.5% 20400). So we are hitted much quickly so far.
All predictions are calculated based on 2009.
Today's max can be 22320, intraday +13%, but closing -1.5% @20900 - exactly in support level from 2009.
I closed 10 DJI CDF to lower margin call and try to jump out from more.
Good Luck with mathematics!
Note
Trade closed: target reached
What a perfect day, all TP's achieved and 70 short and 25 long DJI CDF's cashed out! Next jump was to SLV ;-)Let's have a closer look:
- I was wrong about weekday, Fri 10.oct 2008 mirroring today's actions Mon 16.mar 2020
- I was wrong about the movement, I'm expecting Friday -1.5% but FOMO and inside info raised market +9.5% in last hours up to 23200 (predicted 22320)
- I was right about TP's and BuyLimit's
- It was big surprise for me that MetaTrader5 lagged so much, but limits worked well
Next is calculated as 2009 happened, if we closing tonight 19800.
- possible recovery after FED rate cut up to +22% in 25 days
- possible new low -5% during 42 days
- possible pivot point in -18% during 147 days
Of course all can happen much faster and even worse. So far most of us are under the fear - blood on the streets!
Stay calm and healthy!!!
Note
Changed colours to better understand.Here is my vision for next 3 months:
- everything happens faster about 25% (28 vs 21 bars)
- next LH 2.apr 24400
- next LL 17.apr 17000
- next LH 28.may 22500
- pivot point 9.july 16450
Trying to go long 20060 and 19750.
2009
2020
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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.