The man who accurately predicted 5 market crashes has 3 more dates we need to worry about
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The man who accurately predicted four market crashes to the exact date has been proved correct on his fifth prediction.
Sandy Jadeja is a technical analyst and chief market strategist at Core Spreads.
Technical analysts look at charts to pinpoint patterns in various markets and asset classes. From that they forecast which direction prices are likely to move.
They can't tell you why there will be a big market movement — only that there will be one. His previous four predictions are explained in detail here.
He told Business Insider last month that there was an "80% probability of lower [oil] prices from July 2, right through to August 18."
"Interestingly if we take a look at the chart [below], we can clearly see the technical indicator on the lower portion of the chart showing a potential move to lower prices," Jadeja told Business Insider at the time. " This is a well-known seasonal effect that many commodities tend to follow and can be utilised for profitable trading."
This was the chart he provided at the time. As you can tell, there is "V" pattern for the period, with a significant slide in prices before a slight recovery toward the end:
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