Potential further 38% drop of the Dow Jones #trading MMHVW

DowJones May have completed its 5th Wave and started its correction. Based on the implusion theory, we could see a retest on the trend line (dotted red). If this trend line fails we could see a rapid sell off 15900 levels. Obviously this is not in line with the experts who would want us to believe that the uptrend will continue and that there are no risk of a market crash. As far as I’m concerned markets have been artificially propped by the quantitative easing over the past 10 years and will not survive without it.

Trade attivo:

First target reached

Commento:

Bounce into a flat top A-B now can we see C?