'Trump didnt buy Bitcoin so he pumped the dow'

21 thg 9, 2018

Interesting correlation between the cycles leading up to the 2008 financial crash and the cycle the DJI is currently in the process of completing. This time around the Parabolic curve and impulse angle appears higher, suggesting a possible top in the dow. This coincides with the RSI strength (set to a loose parameter for regular markers) being weaker on this second impulsive leg of 2018 - a move regularly suggested to be bearish in the average traders handbook.

I have cloned and flipped fractals and joined up; assuming we are market top. the H&S pattern created look near harmonic and a perfect point for the masses to go short - on the right side of a shoulder. I prefer to mix things up a little, predict the future and attempt to call tops wherever possible finding divergences and weaknesses in candle formations.

This position bias is Quite clearly short with the intention of playing the volatility on the initial leg down. looking at a target of 0.50 Fibonacci - (14375.0) - Failure of this becoming support cause shorts to push harder and the price to decline further to 0.385 - (11850.0) This would put the chart in bearish momentum through the 2008 peak and towards the 2000 peak price.

Leaving geopolitics to one side is necessary to maintain a clear thought processes however one cant forget the correlation between current turmoil and potential for downside chart movement considering the parabolic move and 10 year move to the upside. Downside rally imminent.

Basil

25 thg 9, 2018

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Trade going well so far, looks like further short entries may be taken on the pink resistance line drawn on the chart below. Nailed the tempoary top of the dow, lets follow it down and analyse the chart pattern for potential reversal zones.

26 thg 9, 2018

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damn DJI where u heading? calling tops is my game!

26 thg 9, 2018

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Looking for next fib down/ previous resistance/support level for TP/reload

2 thg 10, 2018

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DJI dumped but pumped back up to resistance, profits were taken and new entries looked for;

3 thg 10, 2018

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Chart broke up but long term plan still valid until bigger breakup occurs

5 thg 10, 2018

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Inflection point reached - downturn imminent with double - double top showing on Daily time frame. short the dow back to reality!

5 thg 10, 2018

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Gorgeous demand edge showing in near textbook format, with the upthrust completed we can continue distribution at these levels until it becomes unsustainable. breaking below the demand edge would quite possibly signal wider economic turmoil however i'm sure the cracks will appear to show sooner. Basil

5 thg 10, 2018

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Added a few key points into a heikin ashi format chart which helps filter out some market noise.

5 thg 10, 2018

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8 thg 10, 2018

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Bearish signals showing their true colors on the weekly candlestick chart..

8 thg 10, 2018

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10 thg 10, 2018

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played perfectly BOOM BOOM

21 thg 11, 2018

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entry under 23819 .88 support for short

21 thg 12, 2018

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bullshit fk u ripple

15 thg 2, 2019

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~2008 and yeah we're still on this

12 thg 5, 2019

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watching closely here - the dump almost seems too status quo of late, and blow off 30k scenario looking possible if current levels see support

23 thg 6, 2019

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Trade invalid if 26,630 is broken and supported on a larger timeframe - too much talk of doom in the media for it to happen here now imo

29 thg 6, 2019

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Awaiting confirmation signal but hovering at 26,660 here

13 thg 7, 2019

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