With the Dow Jones on a rocket ship to the moon I feel it is becoming time to think about entering a short trade. It is very hard to use technical analysis at this level and price has not been here before. If you look at the MACD you will notice price is about to make the crossover.
DAX GER30 backtesting bearish trendline - still SHORT
The Dow reached as low as 17905 earlier in the day, but has since recovered somewhat to 18150. Technically: The Dow is due for a large correction to the downside. There is strong divergence on the monthly chart towards 18500. The target would be the missed monthly pivot at 16300. Fundamentally: US stocks are due for a correction to the downside, because the...
Description of Chart : Trade with caution, we have had a strong move up and there is a possibility of more upside. With that said, we are at all time highs and there might be a small opportunity to short at the start of next week. Be careful though as I feel there could be rips to the upside. Target in the area of 18080. Website : www.lukelehepuu.com Take a look...
Description of Chart : So target 1 to the upside has been hit. It might be a chance now to go down to 18075. Be very very careful right now, price is very bullish at the moment so there could be a sharp up move. Website : www.lukelehepuu.com Take a look at my website, you can become a member or sign-up to my weekly newsletter.
Just a short idea I am looking at after hitting the 200MA on the 4H chart. Could be heading back to the centre line of the bollinger band. Nothing too fancy but I feel will play out nicely. Use low leverage and a small position size. lukelehepuu.com
Ticker : US30 Direction : SHORT Entry Price : 17692 - 17750 Current Price : 17692 Description of Chart : An opportunity to get short has come on the 1H chart. We have come close to the 200MA, we could touch it and then start moving back down from this level. Ultimately I am still looking for a break down below the green trend line, it just looks like it is...
Ticker : US30 SPX500 NAS100 UK100 JPN225 Direction : SHORT Entry Price : Now (17540) Current Price : 17540 - US30 Description of Chart : After predicting a down move (orange arrows), I advised of a possible bounce that we can get short (previous ideas below). We got that bounce which you could have shorted, we have now fallen back to the Green Line (support...
Ticker : AUDJPY Direction : SHORT Entry Price : 78.82 Current Price : 78.82 Description of Chart : I have been short AUDJPY for a while however I still think there is huge downside potential still, regardlessof how much it has declined recently. I am waiting for a touch of 74.48 to re-evaluate. But even at that price I am looking for a break below and more...
Ticker : US30 Direction : SHORT Entry Price : NA Current Price : 17684 Description of Chart : Hi all, if you look at the chart and my last posts for my idea you will see that we absolutely nailed it. Yesterday I called for a touch of the blue trend line and then somewhat of a bounce. On that bounce I have said there might be an opportunity to get short. If...
Ticker : US30 Direction : SHORT Entry Price : 18010 - 18200 Current Price : 17641 Description of Chart : We are still inching closer to that all important trend line that has been set up over months of price action. It could be a possible buying opportunity for those who want to get long. For those who are wanting to stay short, it might be worthwhile taking...
Following on from my previous forecast of the US30, I drew in a level (blue line above) in which I was looking to get short between the start of the two orange arrows, around 18010 and 18200. We got to that level and shorted. Looking for price to continue lower and touch the blue trendline which has been in place at the end of last year through to now. around...
Dow-Jones 16391 Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant. US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain ** below 16300...
I am Bearish. Weekly Candle is still bearish. But It fail to break down 15800 fully. So,, Bull force may be strong at that level. Level to watch: Support 15800 and Resistance level 16290