DOW

Something to think about, while dow and sp500 got 5 waves down on 4h chart and some kind of rsi divergance


then other indices like ftse,dax,france made only 3 waves and more downside should fallow


then on daily time frame on this indices we've got inside bar


So 3 options here imo, consolidation in another inside bar forming triangle,or up she goes above inside bar, or down below inside bar,

Weekly Nasdaq chart with kind of shooting star



just my thoughts

madmaxx wrote: There are some similarities, it looks like one from 1930?,

Putting my Dow History Hat on, I'd say 1937-1939 - maybe?

There are some similarities, it looks like one from 1930?,

dow-daily
uk.advfn.com/p.php?pid=chartscreenshotsh...qQIMA9BzK6ELu2+Duig=




anyone else think the current chart in the link (above) looks like the chart i have attached??
or maybe i'm using my imagination too much these days!

lets see what you guys think please??


nice charts guys....will take a closer look at the weekend

atb
trendfriend

Indeed MadMaxx,

Did the Fed intervene (via Blackrock - never directly) yet again and again? was this a buy-the-dip? was this Robin Hood? - I mean who buys into the end of the week to lift the market some 500-600 points - after an 1,800 point sell off the day before?

I don't know.

It's a down week but not sure about the engulfing candle on the weekly - it's a rare occurence - I though we're about to witness it again!

https://ibb.co/n8Lp39y

It looks like move completed to the down side, now abc up and down again, but to be honest this looks kind of bullish atm and i would not be surprised if it goes higher from here, but we have to wait for finish first, crazy market, one must be very quick as swings widely