toxicenigma

DJI Double bottom ahead for breakdown of ascending triangle

Короткая
TVC:DJI   Промышленный индекс Доу — Джонса
We need some technical support on the 2020 bottom and it just so happens that it lines up with the long term ascending support line in the next year. I think at this moment entering short is silly as we could see more upside but I do believe that reaching the top of the ascending triangle later this year will be a good time to enter short position. That support line now also lines up with .618 retracement. This would leave us with a short ~22 month bear market. More practical IMO than a 7 year bear market as some analysts are predicting. Fed likes "V Shaped recoveries" and they will build technical support on those types of recoveries I think. Lots of money to be made in the volatility.
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