Sometimes there are topside breakouts on broadening tops, when this occurs a parabolic spike almost always follows... If today is a one day reversal and the Dow blows through the top, here is my short term price target on the move.
The Dow just made a smaller version of the pattern it was already in to complete the formation. I found it interesting, so here it is:
The 4 charts seen in this post are all from different time periods, all the same pattern, and all have the same result (except present day). Ladies and Gents 3.01% - I present the Orthodox Broadening Top (Parabolic Edition). This is a simple pattern - high, low, higher high, lower low, higher high, crash. The 1st chart (top left) is the Dow leading up to the...
Don't worry, Nothing to see here. The financial "AI" is getting new data sets as we speak. The financial inbreeding will continue at all costs. We the people are just useful idiots.
Hello Traders, Dow Futures short-term Elliott wave view suggests that the rally from 6/28/2018 low cycle to 25572 high on 7/27/2018 peak ended red wave 1. The internals of that rally higher took place as an impulse structure with sub-division of 5 waves structure in each leg higher. Down from there, the index corrected the 6/28/2018 cycle in 3 swings pullback &...
DOW - Long term UpTrend intact (Weekly chart).
This is just because I got tired of hearing people say, "The dji went down today and calling it unexpected and all that. Simple line chart, every line after the dip was there before it was hit, so I'd say that right now, as an index, it is pretty predictable. zZzZzZ fest Though I must say, as times goes on and especially now, It seems as if something even...
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...
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...
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.
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...
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 1 which is the weekly...