Today's focus: US30 Pattern – Consolidation / ascending triangle pattern. Support – 37,400 Resistance – 37,770 Hi, and thanks for checking out today's update. Crypto had a mainly higher but, in some cases, muted response to news that BTC ETFs will become a reality. We have run over some of the news and moves since yesterday. The US30 is today's chart, and...
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing a finished WXY corrective structure. This could mean the start of a wave 5 up.
Dow Jones (DJI) started a strong decline since our December 29 2023 sell call (see chart below), the strongest since the remarkable rally started on the October 29 bottom: On today's analysis, we want to look into the same market dynamics and the pattern we drew 10 days ago but this time on the 1D time-frame. What stands out the most is that this time on the...
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing a finished WXY corrective structure. This could mean the start of a wave 5 up.
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing a potential WXY corrective structure.
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing an ending impulse. The high could hold or alternatively, we might see a fifth wave to end the impulsive structure.
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing an ending impulse.
we are in overbought area in the daily timeframe . and also there is a huge gap between the price and 200 ema. so i think we see 36500 soon.
Reverse Cup and Handle formed on Dow Jones. The price broke up and since then has been rocketing to its first target at 37,242. Now that it is the new year generally we can expect the January Effect to kick in with enhanced optimism and positive buying. I don't like the USD looking to strengthen though, that might change the course. RIght now I don't have...
Dow Jones has turned neutral on the 4H technical outlook (RSI = 55.920, MACD = 42.900, ADX = 19.367) as today it crossed under the 4H MA50 for the first time since November 1st. Even though the price remains inside the two month Channel Up, this 4H MA50 crossing constitutes the first validated sell signal coming off the big Bearish Divergence on the 1D RSI which...
How many gaps get filled? Gaps in the chart fill 80% of the time . ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to...
NYSE:DOW a great example why long term investing doesn't always beat shorter term speculating/trading current price at same level as EOY '19.... closed the 2 down quarter green, above the low of previous quarter = positive inside year = no clear direction, until market gives us new clues = neutral anything can happen
Powell had no choice to print during the pandemic, we cannot fault him for that. Ignoring the US Debt problem? Not rising the rates sooner? Not allowing weak banks to fail? Not allowing real estate to be crushed? What is the point of the Interest rate system if you're just going to always pick the light method out that causes a super bubble that will end in...
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). In the lower time frame, we are observing an ending impulse.
Dow Jones (DJI) easily hit last week's (December 12) target (37000) at the top of the 2-month Channel Up (see chart below) with the price grinding ever since on its top: That was a short-term signal, today we shift our attention to the medium-term and the 1D time-frame where the 1D RSI is 'insanely' overbought near 87.50, a level it hasn't touched since...
We are in a highly volatile, increasingly risky environment with overwhelming bearish sentiment. - What the news has to say: "no hope, inflation, recession, bear market, war, fire, brimstone, kim kardashian tho, inflation, recession, etc..." (I can paraphrase: FUD) - What the math has to say: Most likely path over the next few weeks is an explosive run to 430s...
Dow Jones / US30 has broken into the 0.786 - 1.000 Fibonacci zone, which is the top range of the Channel Up since September 2022. That is the most efficient range to start adding shorts as a corrective Channel Down is expected to start in January. Wait for the 1day MACD to form a Bearish Cross. Target 35450, which is the 0.236 Fibonacci level and has been...
As pervious Analysis #US30 Reached our Sell Zone. #Dow Jones Will drop from this zone