Dow Jones has hit the top of the 18 month Channel Up and is already being rejected, turning neutral on the 1D technical outlook (RSI = 51.769, MACD = 112.170, ADX = 21.784). This is a rejection that can evolve into a full bearish reversal as the 1W RSI broke under its MA trendline. This is important because every time this break out happened (dashed vertical...
#XAU #XAUUSD #GOLD #Short #ShortSetup #Eddy I'll Think Its Time to short Gold ;-) In the monthly time frame, it looks like we have the third collision and the completion of the monthly divergence. What you think!? Related Analysis of Gold : (( XAU/USD )) : Check Link :
Dow Jones (DJI) has had yesterday the strongest red 1D candle since February 13 and 2nd strongest since the October 27 2023 bottom. Just as recently as last week (February 26, see chart below) we called for a 'very clear bearish signal' as not only was the price near the top (Higher Highs trend-line) of the 1.5 year Channel Up but also the 1W MACD was on a...
By examining the trend in the four-hour time frame, the Dow Jones index has an important support range in the range of 38,799-38,645, and it seems that if it is maintained, the rate can increase up to the resistance of the middle level of the upward channel at the limit of 39,509.
Bitcoin has a insane large descending triangle or wedge which already broke out from the upside and will have a bullish continuation until end of the year most likely. S&P, Dow, Nasdaq have all a large descendinge broadening wedge which is ultimately bullish. Momentum is being built up and we can foresee a sudden but steady rise as well. Gold has been hammering...
#BAT #BATUSD #BATUSDT #Analysis #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my...
#JTO #JTOUSD #JTOUSDT #Analysis #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my...
Dow Jones (DJI) is approaching the top (Higher Highs trend-line) of the the 1.5 year Channel Up, while flashing a very unique medium-term sell signal. That is the 1W MACD Histogram, which is declining, a Bearish Divergence that during that period of time, has initiated 3 declines of more than -9% each. Given the fact that the current Bullish Leg of the Channel Up...
Dow Jones has turned neutral on the 1D technical outlook (RSI = 53.990, MACD = 135.700, ADX = 29.049) as it crossed under the 4H MA50 and is on a lengthy consolidation phase inside the two month Channel Up. The 4h RSI is on a Bearish Divergence, which doesn't mean much unless the 4H MA200 breaks, as the very same divergence emerged during the December - January...
Dear colleagues, the price has gone down. I believe that the price has not yet finished its downward movement and wave 2 will go even lower. I assume that the price will reach the 61.8% Fibonacci level of 37810. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
In this Pair we see a visible Trends in DAILY time frame, in which you can see a Declining Phase, Accumulation phase and then currently in Bullish trend. THE DEFINITION OF DOW THEORY IS WINNING. So currently we plan a small SHORT ENTRY of around 170-200 pips as the Short TP hits we take a LONG Entry from there for 200 pips more. HAPPY TRADING.
Dow Jones (DJ30) is rising towards a potential breakout level and momentum could potentially carry price towards our take-profit target. Entry: 38,448.86 Why we like it: There is a potential breakout level Stop Loss: 38,048.50 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Take Profit: 38,891.09 Why we like...
Today's focus: US30 Pattern – Diagonal Support – 38,135, 37,135 Resistance – 38,810 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 on the daily chart. What a solid run we have seen till yesterday's CPI data. After US CPI came in hotter than expected, this shocked the market and led to heavy selling on stock indexes and...
let's forget about current situation and circumstance of economy here. All pals are worry too much about economy. we all know that there will be recession in near term. But market tends to go opposite. chart looks strong and I personally apple's winning earning will obtained by spring. Let's hold apple until it shows the new high in march.
Dow Jones (DJI) is trading within a Channel Up pattern on the 4H time-frame with the 4H MA50 (blue trend-line) supporting since the January 19 break-out, being right on its bottom (Higher Lows trend-line). As long as the price action is closing candles above it, we remain bullish, targeting a Higher High at 39100. If it closes a 4H candle below the 4H MA50, we...
CAPITALCOM:US30 The daily pivot is 37105, the first support is 38062, and the second support is 37764. As long as they do not fall below, my target is 38743. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
TVC:DJI I have set my target on the chart. If the support drops below 36238, the analysis will be canceled. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
Dow Jones (DJ30) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 38,159.35 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 37,769.85 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci...