Santa Rally Over.. Time For Sell Off?
Updated
Quick Update.
Ive been waiting for this opportunity for a while now, and this Bullish run has gone for the last 2 months straight - which is a very important factor going into next month. Building off one of my most recent ideas, If you've noticed the historical pattern of Dow Jones Since 2022 there has never been a period of more than 2 months straight of price rising, after the close of the second monthly candle - the sell off begins..
Even looking at this specific Daily structure were currently forming now, If you also go look back from July 27, 2022 (when the sell off began) you'll notice were currently forming the same structure as well. Looking at the stochastic indicator - every timeframe beginning from the weekly and below everything is overbought.. Which means you should be expecting some sort of reversal sooner or later.
Also take note of this - from the moment we've made new All-Time highs, price has never retested that area. So if this "Rally" really is to continue, I'd at least expect something simple as that to happen before. But that move would solidify everything moving forward going into the next year.
This is just my personal opinion, Trade Safely!
Ive been waiting for this opportunity for a while now, and this Bullish run has gone for the last 2 months straight - which is a very important factor going into next month. Building off one of my most recent ideas, If you've noticed the historical pattern of Dow Jones Since 2022 there has never been a period of more than 2 months straight of price rising, after the close of the second monthly candle - the sell off begins..
Even looking at this specific Daily structure were currently forming now, If you also go look back from July 27, 2022 (when the sell off began) you'll notice were currently forming the same structure as well. Looking at the stochastic indicator - every timeframe beginning from the weekly and below everything is overbought.. Which means you should be expecting some sort of reversal sooner or later.
Also take note of this - from the moment we've made new All-Time highs, price has never retested that area. So if this "Rally" really is to continue, I'd at least expect something simple as that to happen before. But that move would solidify everything moving forward going into the next year.
This is just my personal opinion, Trade Safely!
Note
All time highs still seem to be strong to me. In my opinion all it’s doing now is liquidity grabs and consolidating. I will re enter again and again at the highest points of these ranges. It’s hinting the sell off, trust me - don’t try and hop on the run now. You’re way to lateNote
NFP tomorrow, and if you know anything about Dow Jones and its volatility on these days it gets crazy. I'm expecting liquidity to be grabbed once again at the most recent all the high - then we continue this move to the downside throughout the rest of the month hopefully
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