The first 2 weeks of October we are going to see a retracement, The market has been bearish the whole of September we saw a 10% drop. But in October only 2 weeks would be bullish and on the 17th Of October (The third week), market will continue to go bearish I dont know for how long But maybe till December(But I will still check it) Analysis not yet full proof,...
Sunday, 2 October 2022
23:07 PM (WIB)
US30 has a great prospect to have a long season of a downtrend.
Find the highest price for opening a sell order tomorrow morning.
Now we are in a thick moving sand. We need to drop much further to find solid land.
A way of looking at the clouds is as if they are mud. We are dropping as if we are very big, heavy and slow.
I have drawn some possible support levels. The upper 3 are taken from the DJI/M2SL ratio, and the bottom one is taken after we scale appropriately the GFC. We need to mind...
I think this is official now, Price looks to be making a bullish crab with these next 2 months or so looking BRUTAL for stocks.. you already know what this means for BTC :) gl!
Last week I thought that US30 will retrace, this was not the case and went down.
My long term bias is very very bearish on US30, but short-term bias is not so bearish. I still think, we will see a retracement. New month is starting and normally at the beginning of the month the assets retrace a bit.
Comparison
From this chart we can see, there is no SMT...
Greetings, friends, I am very sure that putting my tower in the area I have selected can buy in Downjones and then I have selected the exit area for profit, they can work on it for 1 hour and 30 minutes on the time frame OANDA:US30USD
I think by now everyone is expecting a major a major sell off. Here I have calculated the first leg of the dump and the third leg. Price targets are based in the Lord Skin’s formula. Not financial advice. Also, smaller manipulations are anticipated to shake off the retail bears. I’ll provide further updates of sell zones.
September is over so it's time to look at the charts from a high TF perspective.
The DJI took a beating this past month, suffering greater than the S&P & Nasdaq from a technical perspective.
Things to note:
- on Sept 13 broke & closed below the bear flag channel for first time since it formed off the June low
- set a LOWER low on Sept 23rd
- closed the monthly...
DJI seems to be heading to 28,300 zone . There is a support at 28,800 zone if that is breached then another 500 points decline is possible.
Also a high probability that the pain would continue for 2-3 weeks more.
in order for a "Great Depression" scenario to play out everyone has to be caught on the wrong side. including some of the smartest people in the market. ie warren buffet etc
