The 1929 crash and 2020 crash look eerily similar.
I'm looking for a top of wave 4 tomorrow at the 50% retracement of wave 3. We should get one final leg down on this crash. From there I'm looking for a bounce back up to the 200 day Moving Average. This bear market is just starting in my opinion and the 1929 looks like it provides pretty good clues of what is to come.
I'm looking for a top of wave 4 tomorrow at the 50% retracement of wave 3. We should get one final leg down on this crash. From there I'm looking for a bounce back up to the 200 day Moving Average. This bear market is just starting in my opinion and the 1929 looks like it provides pretty good clues of what is to come.
Comment:
Rejected the 50% level yesterday. Still watching for confirmation to the downside.
Comment:
Hit the 50% retrace and now heading back to the lows like 1929 in my opinion
Trade closed: stop reached:
It may have one push higher to 275-280 area. This 5th wave didn't occur as quick as I thought.