Hey there guys,
Time for Mr. Downy (#DowJones) to be analyzed. As most of my charts, i start with detecting fractals and drawing Fibonacci Retracement. So in this case, in one month time frame it's quite easy to read and pretty obvious. Now the thing is that if the market follows the track.
So here we start another analysis. Just an idea as usual. I've been studying this one for months so ill try to keep update as usual in less time frames. ill draw channels, patterns, chuvashov fork, etc. Everything that is needed to study this special chart to keep the track cause this one moves the economy big time every time it goes down, so even if it change the fractal that i already drew, ill try to keep you updated.
Hope you find it interesting and you are as usual welcome to comment.
Note: This are my personal interpretations and case studies, and are not financial advice! Use it as your own risk!
Don't forget to check my instagram:
www.instagram.com/charter_x_/
Peace out!
Charter X
Time for Mr. Downy (#DowJones) to be analyzed. As most of my charts, i start with detecting fractals and drawing Fibonacci Retracement. So in this case, in one month time frame it's quite easy to read and pretty obvious. Now the thing is that if the market follows the track.
So here we start another analysis. Just an idea as usual. I've been studying this one for months so ill try to keep update as usual in less time frames. ill draw channels, patterns, chuvashov fork, etc. Everything that is needed to study this special chart to keep the track cause this one moves the economy big time every time it goes down, so even if it change the fractal that i already drew, ill try to keep you updated.
Hope you find it interesting and you are as usual welcome to comment.
Note: This are my personal interpretations and case studies, and are not financial advice! Use it as your own risk!
Don't forget to check my instagram:
www.instagram.com/charter_x_/
Peace out!
Charter X
So, now let's be serious. Lot of things are happening in market this days, if you do not know what am i talking about, then go and read something about it :P lol. serious stuff going on, and since there were some crazy moves in market today i decided to share this one.
This is the complete road map of Dow Jones. I was miss understanding all thing wrong the first time but hey, the theory was not that crazy at all.
I had to play with big scales over here, and i thought we were getting to the master peak, but it seems there's still lot to happen before we get there, and in few years. Yes, we are entering to a recession period, and it would be another one or part of this one after, and things will get better but to fast, and that's what happens when things pass to fast, the fall is fast and real hard. Im seeing a major recession period that sadly, i still plan to be alive so i would have to live it and get through it. 20 years of fall... :/
Anyway, thats my theory and hope im wrong, so, it seems we will have to wait and keep alive to see what happens until then.
Ill be updating through time but since this is a chart of 12 / 6 / 1 month period, theres not much to do more than wait.
Cheers!
Charter X