Dow dropped 223 points on Thursday and confirmed the starting of sub-wave 3. Another red candlestick down will break the neckline for formation of 'head and shoulders' reversal pattern which is confirmed by the declining volume from the 'left shoulder' to the 'head' and the 'right shoulder'. Look out for 7500.
The all red candlestick of S&P on Thursday confirmed the 'shooting star' and the starting of sub-wave 3. The volume pattern confirms the 'head and shoulders' reversal pattern. Once the neckline is broken, S&P will go to 835 as its minimum target.
'Grave-stone Doji' reversal is confirmed by the all red candlestick with a gap. Once the neckline for 'double tops' is broken, Nasdaq will drop to 1620 as its minimum target.
Dow dropped 223 points on Thursday and confirmed the starting of sub-wave 3. Another red candlestick down will break the neckline for formation of 'head and shoulders' reversal pattern which is confirmed by the declining volume from the 'left shoulder' to the 'head' and the 'right shoulder'. Look out for 7500.
The all red candlestick of S&P on Thursday confirmed the 'shooting star' and the starting of sub-wave 3. The volume pattern confirms the 'head and shoulders' reversal pattern. Once the neckline is broken, S&P will go to 835 as its minimum target.
'Grave-stone Doji' reversal is confirmed by the all red candlestick with a gap. Once the neckline for 'double tops' is broken, Nasdaq will drop to 1620 as its minimum target.
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