The recovery of the Dow Jones and other stock market started in mid-late March 2020.
The recovery was due to the injection of money by government and central banks, NOT due to economic recovery.
In fact, the pandemic was not getting any better while the stock market kept climbing.
Now that it's getting really exhausting, the rising structure has started to fall apart and the entire trend started to bend downwards.
As of current, the price has recently pulled back from a bearish wave and could continue with the 2nd wave of pullback.
Wait for another pullback towards 24000 to sell again.
The recovery was due to the injection of money by government and central banks, NOT due to economic recovery.
In fact, the pandemic was not getting any better while the stock market kept climbing.
Now that it's getting really exhausting, the rising structure has started to fall apart and the entire trend started to bend downwards.
As of current, the price has recently pulled back from a bearish wave and could continue with the 2nd wave of pullback.
Wait for another pullback towards 24000 to sell again.
