Good day folks, We may have a channel showing up, however we still have a day or two to see if the market continues to rise or reverse down. This makes this analysis very speculative, but when a channel shows up, the price action usually goes from an extreme to another. If it continues to rise, then it is logic that we reach the resistance line of the channel...
DOW is now in the intermediate wave (5) of the three years cycle target around 26900. After complete five waves move it will begin the biggest correction you have ever seen.
I see some bearish signals at macd indicator on daily and 4h chart. Buy-in Zone: 25460 -25800 Profit Target: 25000 Stop loss: 26100 Have a nice day, Berk
As you can see the price dji is being maintained in this side channel formed temporarily, the price rises again and try to crash and go through the cloud, this is a very powerful resistance that is costing a lot of work to pass through, possibly if training turns the price again to low, but within the parameters of tolerance of the price. but finally after...
DJI had a slight pullback yesterday but is still above the 50MA so we are still optimistic to see a short term bull run We would suggest to avoid going into positions as earning season can be quite volatile The market will have big swings depending on the earning results of the major companies Do follow us at our Telegram channel: t.me
The fib, time zones, indactors and patterns all line up for this. Im leaning towards the expolsion to the upside.
Keeping it simple 1. Rising Wedge TVC:DJI 2. Getting Rejected at a key level multiple Times 3. While its above the 20 MA , need to see if it breaks the Wedge downwards 4. Popular propaganda on CNBC that Bank results will lift the market goes in the air... Short on Confirmation of Wedge Break and Below 20 MA on 4 Hr . Target remains Same At 22800
Today is April 9th 2018. As I am writing this the DJIA is up over 400 points @ 24,352. This after a huge sell off on Friday 4-6-18 which marked the first day in sub wave 3 of wave 3. I expect a lot of down movement in price this week so I will be shorting the DJI via SDOW (3x leveraged short) starting before the end of the trading day. As always your comments...
Market is setting up for a small breakout Or BIG SPILL. EITHER Way a CRASH is imminent . BE ready for the next US recession.
DJIA Again with the keeping it simple Strategy. 1. See the price action around the Support lines and Trend Lines. 2. Price got rejected at 20 MA twice on a Daily Close. 3. Frequent Testing of Previous Support Levels 4. Earning Seasons - Meh, Storms Brewing In the marked Area !! 5. Clouds in this area needs to dissipate Quickly , meaning Run upwards !! 6....
Current trend looks to be heading towards 23.5K per the 'Adjustment', but looking at historical data we can see where we'd most likely be if Reaganomics never happened (Slow progression), as well as slow growth rates during other periods which may more accurately reflect where we ought to be. Safe bet is that we're heading to 23.5K, but if we go by 1997 trends,...
I think the pattern is more evident here on the Dow Jones, when compared to SPX. The next leg down (when measured from peak to baseline) has us right at "bear market" territory. From the current high (open/close) a close beneath 21293.368 puts us below the 20% threshold, and while we may dip to this area, I'm not so certain we will close a session beneath this...
IF we see any spill , short DJI, short all time. 20xxx is the target. Huge sell off is on the way!! Easy money
DJI playing out classic boom/bust cycle. Targets listed in green.
$SPX and $DJI exhibiting textbook boom/bust cycle behavior while the $DXY ($USD) suffers among the churning of political turmoil in the background. Hope for the sake of many this doesn't occur but from a pure charts perspective it looks possible .
As you can see the DJI triangle corrective pattern is coming close to an end. Following the "e" point on my above shown chart the DJI should fall sharply. Your anticipated thoughts and comments are greatly appreciated.
As investors grow weary, and the fear lingers, as evidence from the remaining high volatility, I think we're going to see another panic drop to $23,500 again. Additionally, many are moving to bonds, which could be a factor in the impending drop. Another factor could be Trump's proposed tariffs. Lemme know your ideas below, -Kristian
So I have been tracking this pretty extensively, just haven't posted my findings (which up to this point have been spot on) until now... Why? Because this is such a far fetched scenario, I feel in the rare event this does happen - if I don't have some kind of proof that I caught it before-hand no one will believe me lol... Now, this is part 2 which is the 30...