📈 Bearish Harmonics Pattern In The Making | DJI Peaked, Again!

Hello my fellow traders and news people, I would like to show you this because it is a nice bit of information and can be quite revealing; it can help us connect many dots.

The DJI is poised to produce a correction based on normal cyclic market action.
Based on the classic fluctuations wee see of prices moving up and down, like the waves in the sea.

Today we can see the DJI hitting a new All-Time High, this is true.
An All-Time High only means the highest price ever but it doesn't really mean much more than that. For example, the DJI only grew a few points compared to March 2024 peak price, thus giving us a double top.

For hype, for political reasons; everywhere the new ATH is advertised and promoted. But for us, this is a bearish development. This isn't either good or bad just as money isn't good or bad, it depends on the use you give it.

Think of power; Power isn't good or evil, it depends how you use this power.
You can use your power to build, to help others, to share; just as you can use it to destroy. Good or bad depends on us.

The higher high hit today is part of what we call an irregular correction.
While inflation is "slowing down," a rise of X% is still a rise.
Inflation rises because the monetary supply expands.
Inflation means the currency is devaluating.

Since fiat money is always worth less, you can end up with a higher high (new ATH) rather than a lower high as the correction takes place.

If the fiat money value was the same or stronger, we would see a lower high now rather than a new All-Time High, but this changes nothing for traders.

For the reporters, knowing this can put you ahead of the game.

While yes, it moved up, it is part of a correction which means that soon it will go lower... Knowing this before hand you can also let your people know.

Here is the chart:

I see it moving lower based on the chart structure, market sentiment and chart signals but things can always change.

How you use this information is up to you... Know that...
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I love you!

Just make sure to be happy, content in your heart with your lifestyle, with your choices, with the daily chores you have to do.

If you enjoy every minute of every day... This happiness of the Soul can translate into trading success.

We need happiness to welcome abundance.
We need a stable mind to trade.

Control your mind and achieve all of your goals.

Namaste.

Yorum:

The chart shows room for an even bigger correction.
I am watching from outside.

Yorum:

The Dow Jones (DJI) points to much lower; below the simple and classic signals:

1) Lower high.
2) 21-June 2024 produced the highest bearish volume on a daily basis since 2021 or earlier... This is a very strong signal, especially when combined with the lower high.

👉 A drop from this level can lead to 36,300; more or less.

It looks like it will be a very strong drop based on recent history. We haven't seen anything like it in a while. The strongest drop in years.