DJIA ~ Can we see potenial bottom at 10450?
If we go by history of Great depression fall, we dropped 50% from top (386 to195) then retraced to 61% and fall back later to 40.
Now 2020 top made at 29568, 50% decline comes close to 15050, which also coincide with AVWAP from DOT-COM crash low. ~ TARGET 1
Pullback may come till 61% - 23300. Which also will coincide with current AVWAP from top. ~ TARGET 2
And then great fall to 10450 might seal a bottom. Which coincide with AVWAP from 1974 low and VPOC of 1997 to 2003 consolidation. ~ TARGET 3.
Now 2020 top made at 29568, 50% decline comes close to 15050, which also coincide with AVWAP from DOT-COM crash low. ~ TARGET 1
Pullback may come till 61% - 23300. Which also will coincide with current AVWAP from top. ~ TARGET 2
And then great fall to 10450 might seal a bottom. Which coincide with AVWAP from 1974 low and VPOC of 1997 to 2003 consolidation. ~ TARGET 3.
