IWM is right back to where it faced tops in 2018 and the 2020 crash, but this time it could be major support.
This current selloff has been a very orderly and perfect flag pattern on declining volume.
I think we're at major support and the green bullish arrow is what I am looking for
The market already faced a huge crash in 2020 because of Dr. Fauci and his...
Bitcoins price action in 2017 saw price move from 650 to 20,000. This chart is looking at the price action after the December 11th 2017 peak. AMC's recent price action looks similar. Here is the chart showing bitcoins journey in 2016-2017. After the peak, price retraced 87% of its original move. I show this level plotted as a custom fib retracement level. The move...
OANDA:AUDCHF has previously exited upper Bollinger Band (50 Period) and was rejected with a bearish engulfing candle. Subsequently, the rally to the upside has not showed signs of strength. Going short if price comes back in with a profit target on the lower band.
Condition for the trade is that ADX is below 30 and not showing any signs of an aggressive slope...
The huge drop seen last week is an obvious signal that this may not be just a small correction.
I predict the DJ:DJI heading lower through all or most of 2018.
15%-25% Decline would be in line with a 38%-61% Retracement of 2016-2017's Giant Uptrend.
Hopefully I am wrong but the DOW can't go up forever and it needs some relief!
