US30 Buying cycle inside ascending triangle
To be added to my earlier publication wherein I explain to expect a stock rally followed by a larger stock market crash is a stock buying cycle locked up inside an ascending triangle. This particular set of conditions has lead to sudden stock rally and drop of DXY halfway the month of June.
We could expect to see a similar cause and effect from current date until into March next year. Stress signals on the stock market has been rising recently with sudden drops in the early markets of the Asian session. Last down cycle was drawing a cup and handle candle formation and we are now drawing the last bit of the handle. It could mean nothing or it could be just that last extra signal that my earlier predicted stock market rally and crash is in fact going to happen.
We could expect to see a similar cause and effect from current date until into March next year. Stress signals on the stock market has been rising recently with sudden drops in the early markets of the Asian session. Last down cycle was drawing a cup and handle candle formation and we are now drawing the last bit of the handle. It could mean nothing or it could be just that last extra signal that my earlier predicted stock market rally and crash is in fact going to happen.
Trade ativo:
Nice exit from cycle and down in a pullback, almost too good to be true.
Trade ativo:
Get ready peeps
Comentário:
This analysis is followed up with the a new idea
