Crash Pattern Forming on Dow Jones? Rising Wedge 2025?
I was just studying my charts and I just happened to see this pattern jump out at me regarding 2000-2008 that looks so very similar to today. If this pattern is indeed going to play out for a 40% crash then I need to sell all my Long portfolio ASAP. I do not want to get caught in this
Compare 2008 below to today
Both have a 16 degree rising wedge pattern
Again, I want to be bullish and for it to go up but if this is the pattern that is indeed playing out, I need to get out of the way. I don't want to sell my Long portfolio in anticipation of this but at the same time, I don't want to get steamrolled by this either.
Why would they repeat the same pattern twice in a row is my question?
Let me know your thoughts. Am I dumb for seeing this? Thank you all.
Compare 2008 below to today
Both have a 16 degree rising wedge pattern
Again, I want to be bullish and for it to go up but if this is the pattern that is indeed playing out, I need to get out of the way. I don't want to sell my Long portfolio in anticipation of this but at the same time, I don't want to get steamrolled by this either.
Why would they repeat the same pattern twice in a row is my question?
Let me know your thoughts. Am I dumb for seeing this? Thank you all.
Note
If next week is a doji of sorts with little to no follow through, then this is a HUGE red flag as a Bull Pin Hammer should have major follow through. If price ranges and falls back in the previous highs, then this would be a false break reversal at the highs and the sell off could ensue.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.