Loading ...Rich, I haven’t seen a rhino horn used for awhile but it used to be indicative of reaching a blowoff top, and if that still applies we are about “there”.
GermanLong, I wondered the same thing when I saw the incorrectly drawn resistance line, and that is what brought to mind the old rhino horn blowoff top formation.
My own personal charting has more to do with cycle timing the lows and price timing the highs, which is what that Dow chart represents….so to me it is saying we are very close to the price top and years away from the next bottom before the next move up begins. In other words, tough times ahead.
Nothing in my charting is meant to influence anyone in their investing/trading decisions. Everyone needs to do their own due diligence and follow their own beliefs.