bearish
Fractals of itself, illustrating that this one is MUCH bigger than the previous.
Monthly MACD corresponding with Peaks and their subsequent sharp declines.
Dates are included to illustrate the significance of the sell off
**1987, 200, 2007, 2018
--Interesting to note that all of these peaks have a similar "double top" formation,
signaling the failed rally to make higher highs and the inevitable decline to be swift
and DEEP.
Corresponding Elliott waves of a higher degree in yellow
Remember the top is a PROCESS NOT an Event.
If you look short term you will likely find some "news" that will arrive to justify the forecast,
do not pay attention to what the mainstream media says. Infact, if they say buy -- thats your cue to sell.
http://www.thedailytick.com/dow-2018-2021-the-year-of-the-ox/
Dates are included to illustrate the significance of the sell off
**1987, 200, 2007, 2018
--Interesting to note that all of these peaks have a similar "double top" formation,
signaling the failed rally to make higher highs and the inevitable decline to be swift
and DEEP.
Remember the top is a PROCESS NOT an Event.
If you look short term you will likely find some "news" that will arrive to justify the forecast,
do not pay attention to what the mainstream media says. Infact, if they say buy -- thats your cue to sell.
http://www.thedailytick.com/dow-2018-2021-the-year-of-the-ox/
Trade active:
closer look, smaller time frame. till end of year.
closer look, smaller time frame. till end of year.