05-08-2022, 03:09 PM
Base on cup and hand rule,
Handle is normally 1/3 to 1/2 retracement.
Dow peak at 36954
Latest low at 29648
Difference will be 7306
1/3 2433
1/2 3653
1/3 29648+2433=32087
1/5 29648+3653=33301
Song Boh! Uncle Dow is at risky position at the moment. Anytime it will plunge into Abyss.
What will be the next headwind?
Must be damn serious!
Bond yield has been inverted for many days.
Handle is normally 1/3 to 1/2 retracement.
Dow peak at 36954
Latest low at 29648
Difference will be 7306
1/3 2433
1/2 3653
1/3 29648+2433=32087
1/5 29648+3653=33301
Song Boh! Uncle Dow is at risky position at the moment. Anytime it will plunge into Abyss.
What will be the next headwind?
Must be damn serious!
Bond yield has been inverted for many days.
![[Image: 1881-CAD3-1856-4067-B5-A6-D9-B2909-AA791.jpg]](https://i.ibb.co/ZGhWV04/1881-CAD3-1856-4067-B5-A6-D9-B2909-AA791.jpg)
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