Short DOWJONES Below 27640 Stoploss-28210 Tp1-27391 Tp2--27110
Dow Jones are right now in a decision mode. 26750 is the key Level which must hold for Long in a Longtime View. In shorttime we are ahsort since 26980 broke with 2 supports. Now there is the Long Trendline in BLUE which is in danger Watch out these and the 26750 Level to decide the direction. For new Longs in short timeframe we must climb above 26870 Good...
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The dow bull market is over, the coming recession will cause the initial dip in the Dow which will correspond nicely with the upward lower bound trend and fibonacci retracement of around 22000. Then I'd expect a lower target of around the 50% retracement level of 16000 which will be at the height of the next US recession.
U.S Dow Jones Index Chart Crucial resistant to take note 26,265. A break out will bring the U.S Market to retest its previous historical high? Downside risk kept at 25,000 as a note for all to take note shall this support of EMA200days is violated = more crash and doom to come. U.S Dow Jones Index Golden Crossover formed since February 2019. A Bull market...
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....
Morning everybody, Stochastic %K is >80, MACD Line is pointing to a down trend with a crossing, RSI is at 67. Economic news releases at 1000 today along with Fed speeches. For a Binary trade, <25929 with a 11:00am or 4:15pm expiration.
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% -...
Couldn't get any easier...lol
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
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:
I think the pattern is more evident here on the Dow Jones, when compared to SPX. The next leg down (when measured from peak to baseline) has us right at "bear market" territory. From the current high (open/close) a close beneath 21293.368 puts us below the 20% threshold, and while we may dip to this area, I'm not so certain we will close a session beneath this...
The DJI looks to have completed an Elliot 5 Wave Extension. This is typically followed by a loss of equal magnitude to the gain of Wave 1.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron