Djishort
DJIA in 2nd Wave Correction of C Wave Downward (Weekly)On Weekly Basis:
DJIA has corrected almost 50% of its down move from 34152 to 28725. It is bear market correction, usually sharp bounces. It also has resistance of 50 DMA at 31125 which also a pivot point. DJIA fell from all time high of 36800 to 29888 which was A wave of Grand cycle and corrected 61.80% to B Grand Wave at 34152, also close to 200 DMA level of 33890. DJIA has entered into C Grand Wave which should be final capitulation phase with Sub waves of 1, 2, 3, 4, 5. In shorter frame, DJIA completed its Wave 1 from 34152 to 28725 and almost completed Wave 2 at current level of 31082. Soon it should resume sharp down movement with the target of 26441 completing its Wave 3.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
It's a Old Gramophone !!!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 Time High
3. Fundamental Changes In The Banking System
4. Real Estate Bubble also going to Burst
5. New Monetary System is going to come Bretton Woods 2.0
6. Job Crisis
7. Fed is Printing so much money that Debt to GDP is so high so that people losing faith in USD
8.US and China adopting MMT
ETC
Be ready to buy stock at cheap price again.
Every Crash if opportunity to get Ultra Wealthy.
As we have sucessfully predicted 2008 ,2000 crises Successfully.
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