Possible Megaphone Pattern (Broadening Top)
In July first TP for short 25708
August even deeper!
This year, we may have seen the high for the year either in September or in October, which results in a very strong volatility.
August even deeper!
This year, we may have seen the high for the year either in September or in October, which results in a very strong volatility.
Komentarz:
As an alternative here is another view ... this is a little older chart of mine.
Komentarz:
In the worst case, DJ could fall to the low of September 19, 2016 (marked with red arrows).
The prerequisite for this bearish scenario is break and close below the December 2018 low at 21712 (daily & weekly).
When it will happen is still open, but sooner or later it will land right there.
The prerequisite for this bearish scenario is break and close below the December 2018 low at 21712 (daily & weekly).
When it will happen is still open, but sooner or later it will land right there.
Komentarz:
27072 has been reached, yet I think he can fall a little more ...
Tenkan weekly first support.
Does not stop her, then next target 26711.
Tenkan weekly first support.
Does not stop her, then next target 26711.