Does Technical Analysis actually work??
According to the Efficient Market Hypothesis, the stock market moves randomly and hence, cannot be predicted.
However, this chart challenges the assertion of the Efficient Market Hypothesis that no strategy can consistently outperform a simple buy-and-hold investment in broad stock averages over time, as well as, that stock market movements cannot be predicted.
Elliott Wave Theory suggesting a huge collapse in the global stock market!!
EWT Assumptions:
1- Completing Wave 3 Grand Supercycle Degree
2- Fibonacci Time Spiral since the USA Constitutional Convention suggesting a top to form in 2021
3- Target: $600 area
The 1m question here: WHAT WILL CAUSE THIS TO HAPPEN??!!
GOODLUCK!
According to the Efficient Market Hypothesis, the stock market moves randomly and hence, cannot be predicted.
However, this chart challenges the assertion of the Efficient Market Hypothesis that no strategy can consistently outperform a simple buy-and-hold investment in broad stock averages over time, as well as, that stock market movements cannot be predicted.
Elliott Wave Theory suggesting a huge collapse in the global stock market!!
EWT Assumptions:
1- Completing Wave 3 Grand Supercycle Degree
2- Fibonacci Time Spiral since the USA Constitutional Convention suggesting a top to form in 2021
3- Target: $600 area
The 1m question here: WHAT WILL CAUSE THIS TO HAPPEN??!!
GOODLUCK!
Trade active
Daily ChartTrade active
EDTTrade active
RSI Monthly Chart Challenging a Major High!!!Trade active
Long Term Targets for a TOP!Trade active
There is two months divergence with the VIX! This is big!!!Trade active
Trade active
Trade active
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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.