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Us30short

Us30 will fall another 200 points before going up to 32,800currently we are seeing the dow spike up ( green for almost 9 hours straight)... the dow is going parabolic which is not a good thing because when you get large moves like these without testing previous resistance you will end up going down at some point. (just like when the vaccine news was released) i do think that we will go down another 270 points before going up a little for 1 more leg up before we break this huge rising wedge. here are your selling/ targets: a good selling point is at 32,364 and your only target is at 32,096 (TAKE TRADE AT YOUR OWN RISK)
UShort
by r2d22010
1
whats next?right now we are currently seeing us30 pump like crazy (up over 1000 points from bottom) a few hours ago i did make a post saying that us30 should push down but unfortunately that did not happen... but thats ok! right now we are seeing the dow make all time highs + going parabolic. a parabolic move is not a good thing because usually when a move like this happens we tend to see a massive drop right after. i think that us30 will go up another 250 points before having a 2000 point drop. here are some selling points/ targets: a good selling point is at 32,2297 your first target/ second selling point is at 31,744 your second target/ third selling point is at 30,837 your third target/ forth selling point is at 30,070 and your final target is at 29,407 i do think that we will get a massive dump before we hit 33k and 36k because right now we are forming a rising wedge(bearish) (TAKE TRADE AT YOUR OWN RISK)
UShort
by r2d22010
3
the 2021-2024 great depressioni think that markets will collapse starting june 2021! why do i think this? well currently we are seeing all time highs almost every week and this is not a good thing. currently things are looking to good in the USA and i think things will get worse in the upcoming months/years. once this covid crisis is over you are going to see inflation/debt to rise and the fed won't be able to step in this time since interest rates are already low and they cant bring them lower. (the fed has used every card they have) 2021 is similar to 1987: in 1987 we saw a record number of investors coming into the markets thinking the market is only going to go up... but we all know how that ended. in 2020-2021 we are seeing the same thing happen, record number of investors (beginners) jump into the market thinking the market is always going to go up. this will not end well. patterns: if you look at another post i made about the 2021-2023 great depression you will see the exact same pattern forming which is not good at all. what to expect: you can expect the dow to push up to 36k. why 36k? 36k is a major fib level and i do believe that will be the top. on this chart you can also see some bearish patterns form (rising wedge + rising channel) phases/key: phase 1: first sell of/ bear trap (this is kind of a trick that tricks investors) phase 2: media attention/ greed (this is when the media starts talking about all time highs/ how markets are overvalued) phase 3:delusion/ parabolic move (this is when people start thinking that markets will not crash and they also think this is the start of a new bull market) phase 4: denial/ start of bull trap( this is when investors are delesonal and think that this is just a small sell off and they think it will continue to go up) phase 5: return to normal/ end of bull trap (this is when investors think that markets are starting to recover from that "small" sell off) phase 6: fear (this is when investors see that markets won't go up just yet so they start to pull out sending markets into a small free fall) phase 7: capitulation/ retest (this is when markets continue to sell off sharply) (expect a 40% retest) phase 8: despair/retest (this is when markets start to go into another sharp sell off plus 10%+ retests of strong future resistance) phase 9: return to mean (this is when we will come back up to the mean level of the market) phase 10: leg down (this is another sharp sell off/ leg down. this is when we will retest lows) (8k should be the low) phase 11: recovery (this is when we start our recovery phase. markets will take 5 or 10 years to recover from this giant collapse)
FX:US30Short
by r2d22010
7
us30 will sell off again!currently we are seeing us30 get rejected off a very strong resistance (exactly as predicted) and now it is time for us30 to go way down! before we go to 33k we are going to need at least 2 major sell offs and i think that the first one is about to happen. on this chart you can see a rising wedge (bearish pattern). i do think that we will stay in this wedge for a couple of days if not the entire week once price breaks down from this wedge expect su30 to start selling off for a week or two. here are some selling points/ targets for you guys: a good selling point is at 31,729 your first target/ second selling point is at 31,243 your second target/ third selling point is at 30,939 your third target/ forth selling point is at 30,669 and your final target is at 30,22 /////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// once it hits all these targets you can expect some consolidation to occur and that is a good thing because that makes it a lot safer to enter trades at the bottom! once it does start to push up from the bottom your target is 33k... i will make another post talking about 33k once we do reach our selling targets! (TAKE TRADE AT YOUR OWN RISK)
UShort
by r2d22010
7
over sold to over bought right now we are seeing us30 rally (almost 600 points) this could be a scary sign for us30. we have broken out of the descending channel but i dont think the will go to 33k just yet! i think that us30 will go up 200 more points before we go down ///// we are currently about to hit a very strong resistance (hit over 6 times) this means we could indeed get rejected and head much lower here are your selling points/ targets: a good selling point is at 31,730 your first target/ second selling point is at 30,939 and your final target is at 30,151 if we do push above this resistance i will make another post giving you buying points and targets! /// i do think pushing above that resistance is likely not going to happen since we have been rejecting that area for a while now. (TAKE THIS TRADE AT YOUR OWN RISK)
UShort
by r2d22010
2
Us30 plan for next weektoday we have seen us30 push up from yesterday's lows exactly as predicted!!! but is it time to push down??? what you see on this chart is price doing exactly what a pattern from awhile ago did! i will not be giving any selling points or targets because i wouldn't recommend taking this trade since we are forming a ton of bullish patterns (i would only look for buying points when we are forming bullish patterns) if it does create a new low i will be making another post next week giving you guys some buying targets!!
UShort
by r2d22010
a better selling pointa few hours i made a post saying that us30 should be pushing down because it was testing previous support... but as of now it has went past that resistance (previous support) but this is a good thing! this gives us a better selling point because currently we are in a descending channel (bullish) but before we go up i do think that we will get rejected at the top trend line once we get rejected expect us30 to fall all the way to 30,530 here are some price points: a good selling point is at 31,487 your first target/ second selling point is at 31,252 your second target/ third selling point is at 30,942 and your final target is at 30,530 (TAKE TRADE AT YOUR OWN RISK)
UShort
by r2d22010
us30 trade update yesterday i made a post telling you guys that us30 will push down, and we did. but now us30 is going up.... this is a good thing! right now price is simply testing previous support (now resistance) this gives us another good opportunity to place another sell position. here are your selling points/targets: a good selling point is at 31,369 your first target/ second selling point is at 31,225 your second target/ third selling point is at 30,942 and your final target is at 30,530 if price does go above resistance i will make another post talking about it! (TAKE THIS TRADE AT YOUR OWN RISK)
UShort
by r2d22010
us30 trade updateso far we have seen us30 test heavy resistance but its time for it to breakdown to the down side! - us30 looks like it is going to break to the down side within a few hours. a good selling point is at 31,260 your first target/ second selling point is att 30,942 and your final target is at 30,530 we are currently in a falling channel (descending channel) which is bullish but i do think that we will go down a bit before forming an inverse heads and shoulders pushing up to 33k.
UShort
by r2d22010