DJI - Major correction coming to the stock market?

Dow Jones Industrial Average Index (TVC:DJI)

Updated

TVC:DJI Dow Jones Industrial Average Index

trendanalysis chartpattern dji djia us30 retracement short

Kept it nice and simple, but these retracement fibs line up scary good for the DJI to peak somewhere shy of 37,000, at which point I would expect a major correction. Risk off/Strong dollar? Turned a few trendlines into a rising wedge to top it off.

Comment:

36.3-36.6k seems to be where my shorter term fibs end up, but horseshoes and handgrenades at that point..

Comment:

Got the pullback at 36.5 for those shorter term fibs, before putting in a higher high to my original longer term 36.9 target, that looks an awful lot like mid January-February 2020 before covid.

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