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DJI Dow Jones Industrial Avg. Correction? We may be in trouble!

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Lets keep this one super simple! :)

Let me start off by saying I do not trade the DJI, but what it may do may reflect on many other stocks, so here is the long shot chart.

SHORT TERM (bullish trade) - I placed a buy zone near the bottom of my wedge, with one more rise with the sell zone, before our big decent!

You can see the Ichimoku crossed bearish this month on the 4 hr. The DAILY is pushing that direction, but not there yet.

We also have sell signals on the DAILY since June, with no buy signals popping up, approaching the end of the wedge. Momentum is also still bearish, with no change on the DAILY.

(CHART BELOW)

This chart will be posted in the comments with a different view zoomed out to see the bigger picture.

LONG TERM (bearish trade) - Now for the super super fun time trade. Everything requires a correction, DJI is no different.

I've placed some areas of interest, with new years coming up, I think we can see the 236 again, with a short term bounce to the sell zone.

Also have the 382 level with the following year in place, with another short term bounce level.
This area could very well be the bottom, but I like to think every worst case scenario has to play out before a bull run. With that said...
We have the "LOL really" zone at the 618 level.

If this breaks, I would assume all of the selloff money was due to switching funds from the regular market into the crypto market (lol), which at that time will be thriving much more. (Only makes sense)
Honestly though we should see a bounce at that point. If it breaks, its because of some world wide catastrophic event in our economic system. (at this point, you will wish you bought silver at $16 a ounce)

Happy Trading, Debating and Speculating! I want everyone to win!

注释

This is the bigger picture chart for my LONG TERM bearish trade idea above.

The positive note to this is the 5 year bull flag this may create, which will lead to a inevitable bull run.

I've placed levels of potential buys and sells for the next few years.

I personally wont be trading this, but will be watching how the market reacts to this upcoming end of wedge new years.

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Almost there. Just a small update.

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small update, we can see the bounce, but missing the buy zone by a small 100 points. i still believe it will pull back to the buyzone, and i feel like it wont even reach the top of the wedge. either way, here is the chart.

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updated close up, expect a pull back from here.

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looks like it may pull back as predicted, hitting top of my wedge.

we have sell signals and positive momentum dying off.

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as we can see, it had a false breakout without a new high for its zone, and has fallen back into its original wedge. I see bearish signals everywhere.

I think rolling into the new year, we may get some crazy news causing this to drop down to its 18000-20000 area. lets see how this goes.