Dow Jones- Wall Street Bearish Butterfly
Dow has completed a Bearish Buttefly Pattern, and possibly going to make a land fall by tomorrow . I would monitor news headline for a possible reversible signs....
Note
The head line is full blown trade war between Canada, Europe and the US... so, the timing might be right for stock markets collapseNote
The technical chart preceded th head line news, and yes, we are going into a long bearish weekend with G7 meeting highly turbulentNote
I dont think markets can sustain towards the closing today, expecting a major sell off.. Especially, Apple is forecasting a huge decline in order book for iPhones...Note
Surprisingly, the market closed high, but not higher than yesterdays high, and created a stop volume candle on daily with very low volume bar. Indicating, sell off is in the horizon...Note
This is not a call for scalping...this is medium term view, any one who is scalping or taking a swing trade, can take this perspective into their trades....Note
Well well well, sometimes I wonder how powerful the technical analysis can be... G7 meeting, Trump threatened to stop trade entirely with some the closest allies of the US in the European Union and Canada... I guess that stop volume candle on the daily was there for a purpose... Stock markets crash on Monday ? Lets see...Trade active
Following up on our initial strategy to short the Wall Street US 30, we are on track according to the Bearish GartleyNote
On track in terms of melt down of stock markets expectations according to our Bearish GartleyNote
How do you like the analysis ? hope you like the profit too ? :)Note
Lets be frank, the market went up when Trump became the president of the US in a hope to drive the economic growth. So, that hope is now shattered, and all the inflated bubble incorporated into the stock markets must burst now.. so, I am anticipating, that the DOW might dive down to 18,000 level.... Call me crazy, but thats what it looks likeTrade active
Achieved, +1300 points so far, and the short is still openTrade closed manually
Trade closed with 1,300 pips Waiting for the next move to determine the new trade set up
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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.