YM Downtrend until Gapfill Before next major rally
Cập nhật
I am looking at a repeat of the previous correction back in July 2023.
Some key takeaways:
Deathcross triggered April 4th
Hourly 200sma is now in downtrend mode
Currently in a bear flag consolidation to pullback into the declining 200sma
Space under the low of the bear flag in relation to the prior pivot low
A gap that needs to be filled at the start of the move higher
I don't know where the bottom will be at but I do know that the next bull move higher WILL take out the highs and continue on to make even more all time highs as we are still in a bull trend. I forecast Dow Jones to be around 75,000 at 2033.
Some key takeaways:
Deathcross triggered April 4th
Hourly 200sma is now in downtrend mode
Currently in a bear flag consolidation to pullback into the declining 200sma
Space under the low of the bear flag in relation to the prior pivot low
A gap that needs to be filled at the start of the move higher
I don't know where the bottom will be at but I do know that the next bull move higher WILL take out the highs and continue on to make even more all time highs as we are still in a bull trend. I forecast Dow Jones to be around 75,000 at 2033.
Ghi chú
Ghi chú
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.