Dow Jones - Complex Correction Sequence Complete - SELL
DIA remains a STRONG SELLAnalysis Method: Fibonacci & Wave Theory
See related idea for past analysis.
A complex correction has completed. The largest 30 companies are facing serious headwinds. I will keep this idea updated with relevant information.
Here is a brief...
GE - Massive Liabilities
Apple - Massive Privacy Concern/Social Concerns
BA - Embroiled in China/737 MAX
CAT - Tariff/Slowing Global Growth
KO - CEO shake-up
DOW - CEO Shake-up
IBM - CFO Shake-up
Intel - CEO Shake up
JNJ - Mislead Consumer about product saftey
JPM - Blockchain
Merck - CEO Shake-up
Microsoft - Blockchain/Privacy
Nike - CEO Shake up
Pfizer - CEO Shake up
Travelers - Blockchain
Visa - CEO Shake up
Wal-Mart - Earnings?
Disney - Iger? Earnings?
;)
Will update.
Cheers.
Note
Super Cycle CountNote
ZOOM IN:Note
As you can clearly see, Price-Action is adhering to the Fibonacci Spiral/SequenceNote
1 Hour Wave Count:Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.