Fantastic longterm chart of the DJIA. Shows the textbook 5 wave {Megaphone} setup. Interesting enough it also fits perfectly with Elliott Wave analysis as we also have a Elliott Wave 5 tops at exactly the same level as the 5th wave of the Megaphone. Obviously the fed has their own technical analysis desk and they will try to paint the tape as much as possible to make this setup invalid. Chart from "great_martis" twitter. $DIA $SPY $QQQ $GLD
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