The chart pretty much explains it all. I've slid over the Fib Retracement so that you can see the numbers better (FIB drawn from 24DEC18 candle to current candle). I believe we will retrace to the 0.236 Fib level, which is 25162 or close to it. I also believe it will turn around at the R1 Pivot Point. This being said, my stance on the Dow will be neutral i.e....
The Dow Jones wave structure and price action remains unchanged for now. The spot rate is seen at 24500/600 levels at this point and there may be one more push higher into fibonacci 0.786 resistance at 25100 levels before the indice turns bearish again. Please also note that the resistance trend line since 26950 levels is also passing through very close to 25000,...
YM1! looks like it has plenty of fuel left in its TANK. DOW JONES Untested levels lie above and below You can have pending orders in either direction With this information, do what you will But always remember execution is everything Pretty charts don't equal profits, so always remember to take proper risk adjusted setups :)
Welcome to my new analysis! The chart above illustrates my personal opinion on the Dow Jones. As we can see on the chart above we have a pattern playing out right in front of us. Dates and times don't lie and i can see how this will play out very similar to the 2007-2008 financial crash. Its time to go short or get out of the stock market all together as i...
This is an update on my previous DOW idea with analysis, I thought I would elaborate after reading some funny comments on the previous DOW chart which is fair enough. So the reason for my forecast is that I believe we are in a long term corrective pattern, an expanded zig zag which started in 1987. So we have completed more than 50% percent of this pattern as...
The red cloud means sell setups and green cloud means buy setups. We are sitting at 240 sell setups VS 100 buy setups, meaning bears are winning. Fundamentally, government shutdown might also cause the market to dumb. ---------------------------------------------- Previous Update Asset Name: Bitcoin/USD IN THE LAST 4 DAYS: Megalodon generated 233.97% -...
Rising trendline broken, horizontal trendline to be tested and then broken. Look out below as long bear market is on its way.
1st Sell Limit: 25490 2nd Sell Limit: 25570 Take Profit: 24500 Stop Loss: 25570 Happy Trading!
Inverse head and shoulders almost finished forming the right shoulder before a major breakthrough in daily chart
Buy Green Sell Red // it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, // it works good for stocks and cryptocurrency. // you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. // when a green dot...
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, it works good for stocks and cryptocurrency. you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. when a green dot appears you buy, if a green dot appears...
Interesting idea if prices would break the 50 ma that has been a strong support recently, the 200 ma is roughly 5000 $ below ! We can see 2 bearish divergences on the RSI and MACD , stop loss is pretty cheap . Be careful of 50 MA, To follow !
DJI (DOW JONES) has made some retracement expecting a small reversal again before the bulls come back in SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
All I have to say is. R.I.P US economy. I don't care about the fundamentals only that the effects of the fundamentals are forecasted into price. Price tells mee all I need to know about the fundamentals and I don't even need to look at the news to tell you that we're in for a rough time. Look so very like Wyckoff distribution on the weekly. 6monthly chart looks...
Dow Jones Technical Analysis
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: