I have the chart depiction of Nikkei's multiyear rising expanding wedge and outcome laid out here. In my understanding, the Dow, SnP 500 and all the rest of indexes worldwide will mirror this to the final lows in March 2022 and probably beyond. The standard price targets in that rising expanding wedge pattern along with possible cycle date timings are shown no matter of any timescales in the chart. That's about 56% decline from around the high of 30,700+. German DAX 30 shows expanding megaphone in the same range of years which is targeting all the way to 3,600 in coming years (end of 2023) if the megaphone pattern fully plays out in this large context. I know that it certainly does in smaller scales for the declines up to 30%. That will be one heck of a decline to witness in anybody's lifetime.
注文をキャンセル:
This chart may not be very accurate with a change in thinking I have had, and in compare to a weekly version of the same (Nikkei) I have posted today. As such you can please disregard this post and accept my humble apology. Thank you.
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All charts and comments are for entertainment and educational purposes only. For Trading Advice, seek out a professional.