Yes It's Gramophone Pattern. 50% to 60 % Dump is coming. Be prepare for it. But this is the last crash. Huge crash which will drag down Gold,Silver, Bitcoin and also Global Market with it. But eventually Gold BItcoin and SIlver will recover faster and start mooning. its 2008 Again. Fundamental Reason For Crash 1. Lockdown and New Strain of Covid-19 2. Gold All...
the price is rangebound for short term unless broken with a good voulume , trade between marked support and resistance levels .
huge strength in index on upside
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STRATEGY DEPLOYED 1. 15 AND 4 MINS CANDLE 2. FIBO AND HARMONIC PATTERN 3. PIVOT POINTS
Dow may have completed its correction from the Mar lows in a W_X_Y pattern. Bearish below the trendline
DoW Jones Futures are bearish if continue to stay below 27200-22250 levels. The weakness can lead towards 26K levels Bearish head and shoulder/QM pattern visible in chart(not perfect)
Note: This is for educational purpose only. There is a W pattern formation in DJI. RSI however is in neutral zone so need to be cautions. Price movement above the 28200 will see next major upmove.
There is two consecutive chart triggers, a small Inverted Head and Shoulder Pattern, and a big skewed W -pattern, with one patterns final target triggering the other pattern, making a chain reaction like in the price momentum. which can push for bigger move.