It was nearly three years ago when the China stock market notched a short-term peak. Recall how the world's second-largest economy was initially seen as a growth engine coming out of the worst of the pandemic. An authoritative regime in China, led by President Xi Jinping, crippled the economy's expansion trajectory through harsh ongoing lockdowns and by clamping...
- strong resistance around 340 - bearish divergences - bearish S&P500 (coming recession)
The Dow Jones Industrial Averages index has been holding much, much better compared to the S&P 500 and Nasdaq indexes. While the other two indexes have been down considerably since we started to predict the crash (18% SPX & 25% NDX), the Dow Jones (DJI) has gone down only by 12%. This is the last one of this series of articles. Feel free to relax as we get...
Why do you think there is such a strong rush to close/shutdown everything crypto? The traditional global financial system is about to crash and they don't want competition. Remember, they are owned by banks and banks are used to having a monopoly on money. If the financial system crashes due to its many weaknesses, it will lose all of its customers to the other...
Notice how the August 2022 peak is followed by a strong correction, instantly. The November and December 2022 peak is followed by sideways consolidation. That's why I consider this chart to be bullish. I make the same argument for Bitcoin. In the past, each time a peak is hit we have a strong correction immediately after. In the present, as each new peak is...
Bearish divergence and death cross. This idea is a trend hypothesis, do your own research.
We have the Dow Jones Industrial Average Index (DJI) opening red below MA200... Full bearish control. This is the same signal we looked at on the S&P 500 Index (SPX). Just like Ethereum, Cardano, Bitcoin, Solana, Polkadot, etc. The SPX, DJI, NDX all move together. What one does, the rest follows. Here is the daily MACD for the DJI: We just lost a 20+ year...
A fortnight ago gave us a real warning with big drops in the market. 10th May was the last higher high and the stochastic RSI showed pressure and selling commenced .Close to a month later 7th June the stochastic RSI was overbought once again but this time the price had dropped a lower high position The structure is the same and the price making a 2nd lower...
However; it hit the longterm trend support. Showing a nice reversal candle so far today. If holds the 50day MA stay long.
Chart preview update Link to the original idea below
$DJX may be on the verge of a major decline. Many signals points into that direction: - S13 exhaustion point recorded today (October 6th) - Daily Price Flip - Daily close near Demand Line - Wave B recently triggered after a recent advance of 5 upwaves - RSI lagging near neutral zone From this observation, 3 different scenarios can be drawn: 1. Moderate Bear...
If resistance has been found, down we go...
✅We talked about MACD indicator and 2 ways that we can use it. I really enjoyed making this video, I hope you as well. 🙏 We will continue our education videos, so, i am looking forward to sharing them. Take it easy. ~Bo Bugra Sukas ✌️ --------------------- ✅We talked about MFI indicator here. --------------------- ✅We talked about RSI indicator here.
I am looking to use this as a way to fade the recent rally. Will update manually when I close trade, I may be in a bit early, we shall see.
Hello guys.. I am happy because you guys have supported well And I will work hard for you. Just like and follow me. You have to check my target not my chart quality because I am always right. D J X is very burning point which is given in chart. Enjoy.....
I think we are at the point where there could be a rapid change in sentiment based on the viruses progress, global tensions, oil price war, etc. If there is no "event" to push the market down rapidly, I believe the return to "normal" will be slower than anticipated for many people. The virus obviously has had, and continues to have, major effects on every...