Dow in V-recovery; what can we expect?

Looks like it's headed higher and the TL is not far above. Like many others, I expected a double bottom or a retrace but events have ruled that out for now.

This will be an opportunity to close out pension funds before it breaks again. Tar: 25040 or bust!

Don't invest on this idea its just my idea, not advice. GLTA!

Zlecenie aktywne:

So gratifying when the index fills in our charts! We have an exhaustion gap up with an island formed by the gap down on 1/28/19. Bear formation, from Edwards & Magee: "Island Reversal – A compact trading range, usually formed after a fast rally or reaction, which is separated from the previous move by an Exhaustion Gap, and from the move in the opposite direction which follows by a Breakaway Gap. The result is an Island of prices detached by a gap before and after…..The two gaps usually occur at approximately the same level. By itself, the pattern is not of major significance but it does frequently send prices back from a complete retracement of the Minor Move which preceded it”"