Hi guys. As you can see extreme greedy Wall Street doesn't give up so easily. As always...
We are very close to retest january 2018 highs or create double top by november all time high . No one really knows if this crazy market will continue up but I am sure we are already in a bear market and just consolidating before market collapse. Price is being squeezed inside "wedge" like pattern and should be reversed in 1 - 2 weeks. If we see breakdown of the 2800 support, I expect huge seloff very like at the end of 2018 but with new lows.
Take care!
-dp-
We are very close to retest january 2018 highs or create double top by november all time high . No one really knows if this crazy market will continue up but I am sure we are already in a bear market and just consolidating before market collapse. Price is being squeezed inside "wedge" like pattern and should be reversed in 1 - 2 weeks. If we see breakdown of the 2800 support, I expect huge seloff very like at the end of 2018 but with new lows.
Take care!
-dp-
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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.