Pattern: Channel Up on 4H. Signal: Buy as the price broke above the Lower Highs trend-line and the 4H MA50. Target: 28600 (just below the September 04 Resistance). Medium term buy signal on Dow on the 1D chart: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via...
Pattern: Channel Up on 1D. Signal: Buy as the price rebounded on the 1D MA50. Target: 29000 (1.2 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!...
Pattern: Channel Up on 4H. Signal: (A) Sell as the RSI got rejected on its Resistance Zone. Wait for the MACD to cross in order to open the position. (B) Buy if the 28160 Resistance breaks. Target: (A) 27000 (projected contact with the 4H MA50). (B) 29700 (+14.50% rise from the Higher Low). ** Please support this idea with your likes and comments, it is the...
Pattern: Channel Up on 4H. Signal: Bullish on every dashed line. Target: The two Resistance levels 26,790 and 27,640. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Hello traders, here is the analysis from our team : We need price to push above 26024, pullback above this area. Then re break for nice run. Good luck today. Let us know in the comment section below if you have any questions.😉
Pattern: Bullish Megaphone on 4H. Signal: Bearish as the price was rejected on the Megaphone's Higher High trend-line and broke through the (dashed) inner Higher High line. Target: 24250 (roughly a -6% decline like the previous Higher High rejections, as well as contact with the 4H MA200). ** Please support this idea with your likes and comments, it is the...
I will not spend much time describing this as the chart is pretty much self-explanatory. I have plotted Dow Jones trend of 1915 - 1945 (orange line) which includes the Great Depression against the trend of the recent decades (late 90s to 2020) which is displayed in blue. Do you think they look similar? And if so are we currently on a similar counter-trend rally...
Pattern: Emerging Channel Down on 4H. Signal: Bearish as long as the 24395 trend-line is intact. Bullish if it breaks. Target: 23350, 22950 and 22380 in succession (Supports 1, 2 and 3 respectively) depending on how much risk you want to take (R/R ratio). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
This is a DJI comparison of the Great Depression and the phase that preceded it against the current COVID sell-off and the phase since the DotCom bubble that led to it. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** As you see both time phases are Megaphone patterns. Both started on high...
Pattern: Channel Up on 1M (since September). Signal: Bullish with 1 position now on the Higher Low of the pattern and if it breaks 1 more on the 1D MA200. Target: 30000 (projected Higher High).
Pattern: Channel Up on 1D. Signal: Bullish as the pattern made a Higher Low. Target: 29300 (just below the 1D Resistance).
Pattern: 1H Channel Up. Signal: Bearish as the price failed to break the medium term Higher High trend line (bold black) was rejected sideways and formed a Death Cross (MA50 crossing below the MA200) while the 1H RSI is trading on a bearish divergence. Target: 28,030 (1H Support) and 27,800 (4H Support).
Price can be retrace from the trend line (red colour) and move to 0 level of fibo. Note: Trade at your own risk. www.turningpointfx.com twitter.com www.facebook.com www.instagram.com
Yes Dow Jone is in good for buy. Its already crossed the 0.786 fibo level and whenever price moving from down to upward in RSI and crossed the 64.34 (Blue horizontal line) its keep continue the bullish movement. @ 26994 (this price can be change according to the broker) TP 1 - 27120 TP 2 - 27135 TP 3 - 27150 SL - 26837 Note: Trade at your own risk high...
Pattern: 4H Channel Up. Signal: Bullishas the price is near the Higher Low region. Target: 27200 (Lower High of the 1W Triangle) and 27400 in extension (1W Resistance)
Pattern: Descending Head and Shoulders on 1W. Signal: Bullish above the Lower High trend line and within 24700 - 25200. Supporting: thr 0.382 Fibonacci and RSI at 30. Target: 26700 (1W Resistance).
The question on everyone's mind is that: "Are stocks overvalued right now or not?", "Is a major crash coming or we've seen the bottom and we're going for new all time highs?". This is a hard question to ask. I try to approach this matter using the Great Depression as my basis point. Using the Pitchfork tool on the Great Depression, four very distinct ranges are...
Pattern: 4H Channel Down. Signal: Bearish as long as 26000 is intact. Target: 25055 (1D Support).