Dow Jones Industrial Average (DJY0) Daily Diagram Technical Analysis Training shows the following: The DJY0 index has reacted from KUMO towards to Kijun Sen(blue). Now the Index is under the Tenkan Sen(Green) and Kijun Sen(Blue) too. So the first think in mind is the case of a further reaction above the Kijun Sen. MACD is bearish and RSI is looking...
No Pasaran! - i.e. "They shall not pass!!!!!!" The upper red line opens for the bulls way to the level 18,000. And then what? Another half year rally. thepatternsite.com en.wikipedia.org
We all know the market phases: accumulation, mark-up, distribution & mark-down. IMO we are in the distribution phase . It will take time. A diamonds are beautiful and unpredictable. thepatternsite.com www.investopedia.com
DOW has peaked out and the down move has started. Based on Elliott Wave Analysis the ending diagonal has completed 5 moves after which a big correction is expected, giving the confirmation is the Candle stick signal patterns a Bearish Shooting star as well as Evening Star. Expect market to correct till 15500 as 1st Target and then beyond. Looking at Fibonacci...
Bearish outlook. So far, the target zone corresponding with the 12 month pivot looks likely. By Oct 13th, we will be in the midst of a strong down move or just ready to break down. Looks like the three pushes up this year were sold heavily. Cyclical S/R levels calc on the fly & print automatically. Many times they cync up with classic pivots. I'm not short...
Betting against the USA can be bad for your portfolio longer term. Bias is a killer in all time frames. Many would be "smart guys" have debated the end of this mega trend based on their so called understanding of the US debt situation or other "urgent crisis" they are sure is going to bring about the end. All this while being too myopic to zoom out for real...
Gold, Silver, Wall Street, Oil Relative performance at 4 time frames Note the drastic difference post-2007. Also note the chaos of 2014
Coming after outside reversal, this months candle has to fight with 1,618 fib from important 2009 lows, right at the infamous trend line which connects the 2000 and 2007 highs. If daily or intraday print a rejection/reversal confirmed candle, it will be a good spot for a short. Cheers, Panos
a simple projection of previous Dow pattern onto current one with numerous touch points.