In this screencast I say that the recent weekly price action in Wall Street is a correction in a bear market. Price has moved into a critical zone and is struggling to stay afloat. This does not mean that it is bound to collapse. It means that price can probably move south.
In this video I show what I think is a pattern that creates a greater probability for the south.
I explain more on how I draw my trend lines, which may not be what the gurus teach people to do.
The main feature is a contracting pattern on the 4H which stand to be beaten by the big trend from the Daily.
I'm not saying the pattern will break soon. Price may...
