get it not financial advice
Hello to all watching my charts Here i show the Dow Jones after the Fed Meeting and market is closed on 19.6.2019 My channel system tells me we have still a Long Channel and a long position should used. BUT (what i normally not note ) we have now really a lot of resistances in front which i have show also in blue color. As you know form my other posts i always...
DJI is in a downtrend and a down trend channel. We also have a big resistance at 26250. To make a long signal, the index would first have to climb above the upper channel line (blue). If that happens best for Long would be a direct increase to above 26250 Till that DJI is in Short Mode
Here the turning point sin DJI new highs (Blue Line) and new lows (red line) But with the real points where you had the chance to trade that system. In many cases the shwon trades of trading services have never been there in realtime. In also many other cases it has not been for normal traders any chance to do it like the pros. But here you are able if you...
DJI has managed to get our off the sharp short channel i had marked fe day ago into a more wider short channel now i have marked in red to see them easily. But since 2 days we have also an established long trend to see at the blue long trendline which i have marked as support on the long side. Now we only can wait what will happens next. a) a brake of the...
Price has retraced to previous resistance turned support. Able to look for a countinuation long entry here. Cut if it makes a lower low.Exit at most recent high. Enter now SL 25881 TP 26066
We broke out of this pattern last Friday, green boxes are targets. Careful that we don't form a rising wedge continuation to the downside. Green boxes are targets.
The Dow Jones rallied swiftly on Friday to hit resistance at 25100 levels and reverse. The spot rate closed at 24388 levels and it is expected to continue lower as US markets open today. Looking into the wave structure, the Dow Jones unfolded into an impulse drop between 26950 and 24100 levels earlier, labelled as Wave (1). Wave (2) possibly unfolded as a running...
DJI could still be correcting on an expand flat 4th wave despite making a new ATH. If that's so, we have 2 potential targets for the top.
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.
Last impulse of the cycle. What if DJI hits 30k ? What if the final move will be the greediest one? Everyone will be hungry for profits before rate hikes and earning of the companies squeeze. If - Then - $$$. Good Luck
DJI 4H Long TP1: 24791.0 TP2: 24862,0 Entry:24749,5 SL: 24695.0 This is not investment advice
DJI is expected to RISE now. There are many reason why we feel it may RISE. 01. It is taking support at quarterly levels trying for a big jump. 02. Bullish engulfing in daily Chart. 03. May reach weekly target 16326 04. Stoch RSI (3,3,14,Close) states it may rise. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also rising. Keeping all the...