DOW JONES fractal from China trade war points to a slow recovery
This chart shows a lot of similarities of the current Ukraine - Russia war and the build up to it, with the 2018 fractal of the U.S. - China trade war.
As this 1D chart illustrates, Dow Jones' build up to the peak of the U.S. - Russia trade war was on a Higher Highs trend-line supported by the 1D MA200 (orange trend-line). Then the index declined rapidly on Lower Lows, forming the bottom just after a Death Cross (crossing of the 1D MA50 below the 1D MA200). It was exactly then that Xi and Trump called a truce at the G20 summit.
At the moment, the Ukraine - Russia war is displayed on those exact same Lower Lows, having broken below the 1D MA200 and with the 1D Death Cross pending (perhaps 1 - 2 days away). Notice how even the MACD fractals are fairly similar. Can the current peach-talks bring an end to the war and a bottom on DJI, the same way Xi and Trump did at G20? This week will certainly shows us.
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As this 1D chart illustrates, Dow Jones' build up to the peak of the U.S. - Russia trade war was on a Higher Highs trend-line supported by the 1D MA200 (orange trend-line). Then the index declined rapidly on Lower Lows, forming the bottom just after a Death Cross (crossing of the 1D MA50 below the 1D MA200). It was exactly then that Xi and Trump called a truce at the G20 summit.
At the moment, the Ukraine - Russia war is displayed on those exact same Lower Lows, having broken below the 1D MA200 and with the 1D Death Cross pending (perhaps 1 - 2 days away). Notice how even the MACD fractals are fairly similar. Can the current peach-talks bring an end to the war and a bottom on DJI, the same way Xi and Trump did at G20? This week will certainly shows us.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.