Target is Done :)
Larry Williams call it "Trump Trap"... He assume that Dow Jones will lose about 17% from its value so it may return back to where it came from before Trump election….The most important question here is "How to benefit from this situation?"… .For me as – as you know – the answer lye in the miracle of Compound Return….I will take two series of trader… one of them with RR 500 points and the other one with RR 1000 points….If I am wrong, about direction, I will loss 2R… and if I was wrong about volatility, I will loss 1R….If I win, I will make 70R or 6R
From a seasonal point of view,
September is a good month for Gold… since 1969 Gold rise 2.16% on average in
So let's see what will happen in September
Dow Jones move toward 2.618 extension from 2008 bear market.
RSI14 of S&P500 is now at its highest high ever.
Here is an interesting chart by Thom McClellan. He inverted the Dow Jones chart in Time and Price to compare it with current chart and give us a prediction for the next move until March2018.
This technical analysis method was first developed by Welles Wilder & Jim Sloman. They called it "The Adam Theory"..
Bitcoin is moving now inside a Wedge waiting for breakout... The question is at witch direction will this breakout happen?