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US Wall St 30

Can Covid-19 Sell off Happen Again ?

Par jojofang0901
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Hi everyone:

Most of the Indices are currently around ATHs, and forming similar bearish reversal price action across the higher time frames.

What we can see from previous Sell off in the market in the Feb 2020, price made the same ascending structure, correctively moving the price up.

Then, we see strong bearish reversal impulse phase, crashing the price.

I cant help to point out basically all the US indices at this moment is looking like its repeating its same development in Feb 2020, which I will include other screenshots below.

Certainly with backtesting, there are many opportunities to get in on the sell when the market start to drop on the lower time frames.

So next few weeks are important, even though we are getting close to Christmas and New year,
market tends to be slow and low liquidity, however, the news on the new variant of the virus and many Countries' policy to close down businesses, reducing hours, new restrictions may impact the global market.

Lets see how the market reacts next 2 weeks and on to 2022.

Remember, plan your trade, trade your plan :)

Thank you

DOW:
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SPX:
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NASDAQ:
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DOW:
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SPX:
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01-18-2022

DOW - snapshot
SPX - snapshot
NASDAQ - snapshot
Note
DOW - Out for +4.59%
snapshot
Chart PatternscorrectionFlagimpulseParallel ChannelpatternpriceactionstructureWedge
jojofang0901
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