US30 Long - possible 700Pips in 2 days

26 août 2021

First of all, I'm new to trading and this is not financial advice, but my thoughts about DJI.

The last 3 months formed a pattern that might predict the movement for the next few days.

If you look closely, each time on 15 to 20 of the month(I think is because of everymonth Fed Chair Powell Speech ), the DJI dropped to the bottom of the channel, and then it got up to 1200 Pips in the next 5-8 days and I think this month might happen the same.

Take a look and let me know your thoughts.

27 août 2021

Note

Update: DJI might have a huge impact after Fed Chair Powell Speech where he is likely to give hints about the bond-buying taper timeline.

Last time when tapering was announced was in 18 December 2013 and it was announced by Ben Bernanke as a measure of post-crisis after 2008.

As a result, the dow won some nice points.

You can find a graphic from that time + News here:
money.cnn.com/2013/12/18/investing/stocks-markets/index.html

What do you think?