technical view, not macroeconomic or funadamental
despite the bounce from monthly bollinger band in 2350 area i see several reasons for termination of bulltrend started 2009
i can't assess it as an impulse, the wave has evident corrective character and to me the best fitting count would be x-wave abc in neely's style, internal structure and extensions support such scenario
only clear impulse i see in longterm chart are 1929 and 2000 tops
therefore i favour running flat complex w4 scenario, as alternation to sharp w2 in great depression, now y started
however, in superchannel from 30ies there is hard to call deeper correction, not mentioning breaking channel (what would be event of the century), btw. u might try to find 1987 crash there...
and, of course, in ew there are plenty of scenarios available, double top with overshooting high as b of y or x-wave not fully over yet and so on...
trade safely all
despite the bounce from monthly bollinger band in 2350 area i see several reasons for termination of bulltrend started 2009
i can't assess it as an impulse, the wave has evident corrective character and to me the best fitting count would be x-wave abc in neely's style, internal structure and extensions support such scenario
only clear impulse i see in longterm chart are 1929 and 2000 tops
therefore i favour running flat complex w4 scenario, as alternation to sharp w2 in great depression, now y started
however, in superchannel from 30ies there is hard to call deeper correction, not mentioning breaking channel (what would be event of the century), btw. u might try to find 1987 crash there...
and, of course, in ew there are plenty of scenarios available, double top with overshooting high as b of y or x-wave not fully over yet and so on...
trade safely all
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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.