(OPINION) PROOF THAT THE DOW IS JUST FINE (FOR NOW).

5 thg 11, 2018

I usually do my analysis by measuring. Timing and just assessing where things are at. I've seen this RSI pattern before and doubt we would be getting so close the bottom so easy if there wasn't a correction ahead. Also, the 633 hull is chasing the 382 fib line way too fast to not correct this bear market. This doesn't mean that that we won't go right back down after we hit the 1.272 through 1.618 fibs I've charted but it does mean the bulls will come back strong. Most important thing about the 1.272 line possibly being a place we end up is that to get there price needs to break the 618 retrace of the DJI breakdown. Or in other words, we would officially break all bear pattern in the sequence.