The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
Dow Jones (DJ30) could rise towards an overlap resistance and potentially reverse from here to drop lower towards our take profit target. Entry: 33279.95 Why we like it: There is an overlap resistance that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 33798.50 Why we like it: There is an overlap resistance that sits above the 38.2% Fibonacci...
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
The dow broke below the Symmetrical Triangle and it was beautiful text book style. We set the first target at the bottom of the pattern at 33,607. Now that the momentum is still negative, we can expect it to head to the next target at 32,622. The signs are all bearish and this is one of those hold and adjust stop loss if need be.
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)).
Dow Jones failed to close Friday's 1D candle over the 1D MA200 and opened the day lower. The 1D technical outlook remains bearish (RSI = 33.039, MACD = -323.740, ADX = 47.730) as the medium term Channel Down is still holding. A crossing over the 1D MA100 reverses this. Until then we can expect the decline to continue until it tests the HL trendline of the Channel...
Hello There! Welcome to my new analysis about HD on several timeframe perspectives. As the whole stock market is moving into a decisive phase where more and more mixed sector stock developments emerge with many sector stocks to increase a bearish possibility while others still remain in a major bullish condition it is highly necessary to consider those stocks...
For traders (lower timeframe): The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like wave ((c)) is still missing a fifth wave down. For investors (higher timeframe): In the higher timeframe, if it plays out, investors should wait for the completion of the expanded flat pullback. The wave (2) area (in red) is a...
fade the bullish moves look for continuation down that is going to be the money maker shorting into resistance not longing on reversals
Dow Jones is priting a bottom on the newly emerged Channel Down which calls for a short term buy. The same kind of formation was witnessed in middle March on the long term bottom pricing when the (recently broken) Channel Up started. Trading Plan: 1. Buy on the current market price. Targets: 1. 34400 (MA50 1d). Tips: 1. The RSI (1d) is on the 30.00 oversold...
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). Wave ((c)) should unfold as five waves.
Dow Jones / US30 hit the bottom of the Channel Down that is correcting the index to the Rising Support of the larger Channel Up pattern. It did cross under the 1day MA200 (bearish) but on the other hand the 1day RSI is rebounding on the Oversold Support (bullish) like on the March 13th low. Keep a tight SL on the low of the bottom candle and buy. Target 34400...
The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
The Dow Jones index (DJI) has broken below the long-term Higher Lows trend-line and has transitioned into a Channel Down. The current Lower Lows leg is approaching not just the bottom of the Channel Down but more importantly the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). The latter in particular provided a Double Support Bounce on (June 01 and...
The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
An important thing happened on US30 Index. First, the index broke and closed below a major rising trend line and closed below that on a daily. Second, a key horizontal support was also broken yesterday. The broken support and a trend line compose the expanding sell zone. I suggest shorting the Index from there, expecting a fall to 33700 support. ❤️Please,...