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Attachments: The end of the US stock market is nearing
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The end of the US stock market is nearing

Quoting Nnnn
{image} legitimate rhombus or not,can it work according to your strategy
apparently it's not a diamond yet... but eventually it might turn into it when fully developed...
here we go again... let's compare side by side a fully developed diamond on the Boeing charts with what's going on right now on the S&P chart... first picture is a confirmed reversal diamond on Boeing... once fully formed this stock price turned south and covered the entire previous uptrend... second picture is depicting current situation on S&P... the third one represents only the left (broadening) part of this formation on Boeing to compare with the previous one... can someone see any similarities already?... the conclusion is simple... if it now turns into a diamond also then the levels below the low of 2009 will become the objective target for S&P... in such a case it's a must as matter of fact...
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Quoting Igrok
now let's get back to out business as usual... here is the illustration how a reversal single-diagonal diamond on the Boeing weekly charts looked like and how it reached its initial MOT ( measured objective target)... the red line at the bottom of the picture is the most likely medium-term target for the moment... {image}
Igrok, on the same chart, was the figure that formed in period 2014 -2017 a diamond too? single-diagonaled?
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Path of Righteousness
two weeks passed..
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Quoting Nnnn
two weeks passed..
Buy and hold ?
maybe so ... maybe not
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It will just be "head and shoulders" to 3226
Hi @Igrok do you see the the US dollar index heading to around the 94 mark before moving significantly lower Or is your view different ? Obviously lots of things happening with massive stimulation presently how do you see the dollar playing out ?
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  • Last Post: Edited at 2:20pm Mar 16, 2021 2:08pm | Edited at 2:20pm
Igrok, Can we draw Diamond on the RSI-55 chart? Will it work?
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