In the next few days, I expect the DOW to go down based on indicators such as the DMI, MACD, Stoch RSI.
I also use a few other indicators for exact entry not listed here.
I don't know if we will go down to 16500 or 13500. Both are previous supports.
Following what happened in 1929 to 1932, it did a retracement of 50%, and then back up for the next 6 months. 50% retracement is at around 16500.
But I chose the other support at 13500 because that was the length of the previous length/wave from Feb to end of March. (That isn't really a solid theory but it does match up with the Fibonacci retracement (I think I have the tool upside down but I'm not changing it right now as my computer keeps on crashing and I want this post up lol)
So, I will look at those two points for the market to go back up.
I also use a few other indicators for exact entry not listed here.
I don't know if we will go down to 16500 or 13500. Both are previous supports.
Following what happened in 1929 to 1932, it did a retracement of 50%, and then back up for the next 6 months. 50% retracement is at around 16500.
But I chose the other support at 13500 because that was the length of the previous length/wave from Feb to end of March. (That isn't really a solid theory but it does match up with the Fibonacci retracement (I think I have the tool upside down but I'm not changing it right now as my computer keeps on crashing and I want this post up lol)
So, I will look at those two points for the market to go back up.