The question is not if it's going to drop that hard, the question is if it's gonna honor the fibs and provide a good entry.
When it hits the fan, don't say you weren't warned.
הערה
Brace for impact: part 1
*if the triangle formation (pink lines) scenario would be the right one, then DOW could be located in a wave 2 correction and a bearish leg would start. Many pips ahead!
הערה
It will be interesting.
To be noted that NDX & SPX don't need to wait for DOW. As an alternate view, DOW could have already finalized Intermediate (B) (red), with a triangle in Minor Y. A break of 24500.00 would send it crying towards 22000.00
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.