US30 has completed a weekly re-accumulation Wyckoff Schematic,
Below is an image that showcases a very similar schematic from SPX during the mid-1960s to 1980s.
SPX:
US30 Now:
As you can see in this example there was a significant retracement after the BU before the price continued bullish again. This may happen again here, but is not necessary
If this schematic is truly valid we will never see the price come below 26k again.
Below is an image that showcases a very similar schematic from SPX during the mid-1960s to 1980s.
SPX:
US30 Now:
As you can see in this example there was a significant retracement after the BU before the price continued bullish again. This may happen again here, but is not necessary
If this schematic is truly valid we will never see the price come below 26k again.
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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.