Downtrend
Nasdaq to continue crashing???Nasdaq had hit our first two short targets posted a week ago.
Now it is breaking what was old resistance and was holding yesterday as support.
1. If this old support once again becomes resistance then we will open an additional position as the one shown on the right.
2. If the PA is unclear we will let the current position go until it reaches our original tp and collect it's gains or it reaches our sl and we take a minor loss.
✅GOLD TECHNICAL ANALYSIS|SHORT🔥
✅GOLD broke the rising
Support and is falling inside
The narrowing wedge just
As I predicted in my previous
Analysis, and a further move
Down is possible, however
If a bullish breakout of the
Wedge happens, then we
Will become bullish on Gold
SHORT🔥
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DOW THEORY APPLIEDADA is showing one of the tenets of the DOW Theory. According to Dow, the market has three phases:
1) An accumulation phase
2) A public participation phase
3) A distribution phase
The accumulation phase represents informed buying of the investors.
The public participation phase is where the prices advance rapidly along with great news.
In the distribution phase, the same "informed investors" who "accumulated" near the bottom begin to "distribute".
Right now, we might expect a couple of months-long Accumulation Phase before any rally due to Public Participation.
For more information on Dow Theory, you can read "Technical Analysis of Financial Markets" by Johny J. Murphy