(1D) US30 - WALL STREET - possible crash coming
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I'm no expert at Elliott waves, so my waves may be wrongly counted or drawn on this. But I'm watching a number of other things adding up. I see trend strength weakening. I see OBV probably heading down in a struggling bullish market. There is a similar wavy pattern emerging, similar to that around Nov 2015 to Jan 2016.
I'd be delighted if others who know more about Elliot Waves can help out. But do share any other ideas.
This idea is not a prediction.
[DISCLAIMER: No liabilities accepted if you make decisions based on this chart and lose money.]
I'd be delighted if others who know more about Elliot Waves can help out. But do share any other ideas.
This idea is not a prediction.
[DISCLAIMER: No liabilities accepted if you make decisions based on this chart and lose money.]
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I'm also no expert at harmonics but I think there is possibly and ABCD in there on 1H charts Nota
Possibility of a crash or no possibility of a crash? LOL Nota
I'm expecting (not predicting) a fight back by the bulls tomorrow for 24 - 36 hours, followed by a mauling from the bears. This expectation is based purely on the pattern of the last mini-crash. The current situation looks more serious because the global situation is in deep uncertainty cause by BREXIT, as evidenced by readings on the VIX. Markets dislike uncertainty. People dislike uncertainty. Shareholders will be expected to protect their losses should the expected fight back over the next 36 hours not work. In those circumstances there is likely to be a cascade of selling of stocks globally, as investors look to protect themselves. For the avoidance of doubt my choice of words there is to indicate speculation. Nothing here means that I am predicting what will happen. Disclaimer: Your losses are your own in the event you trade live and lose money relying on these speculations.
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It's so far behaving as I anticipated. Possible journey south may begin soon. This is not a prediction and must not be relied on in live accounts.Nota
Brace!! Brace!! The Brexit crisis is not over my friends. The full shockwaves of Brexit are yet to come. I suspect this rebound is a recovery from panic. It's a tricky one. If a journey south begins extreme caution is necessary, so as not to be caught in a bear trap.Nota
Watch Gold XAUUSD and Bitcoin. These are rising after a retreat. This means to me that the big money movers are preparing for possible shockwaves.Nota
This is going to be most interesting and challenging. I just spotted a large Filtered Entry signal on the Williams Vix Fix 1D chart. Nota
Watching this hot zone. 
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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