Waiting for price to break the support line. Sell stop is set at 25328.
US30 predicted 2020-2021 timeline. Please leave a follow and like if you find it useful and I will keep posting for you guys!
I think the worst has yet to come to the markets, as we are discovering the real impact COVID-19 has on the economy. Right now US30 and other indices appear very inflated. After testing some highs, I am looking to short US30 trailing stopping it to previous March lows. • US-China trade war tensions still lingering • Lower daily highs • Sluggish easing of COVID-19...
If you wanna more follow me, and give a like. I'd love to hear your opinion. Give me a comment. The price broke the support from the up channel. After I waited for confirmation from 23287, which was a support and now it has become resistance.
SPX500 is in a DOWNTREND therefore i'm going in for a sell, however, if you are looking for a good entry, look for a pullback in either 15 minutes timeframe or the 5 minutes timeframe. You can sell NAS100 and US30 as well because they move the same.
So last week I did a very short evaluation of DJI. I have done another evaluation this morning and taken my time and I still believe we will see that final push towards to 25'. The analysis is fairly straight forward. We have our fib, trendlines and ema. I have left the plotted zones out just to keep the chart looking tidy. The fib is looking to complete...
In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Markets will be very interesting after 6 months, we will wait and see..
DOW is looking tasty...I have had shorts set from two weeks ago for the 25000 area. Trumps tweets are helping with this little run upwards. It could go to 27000 but I don't think it will. I will hold shorts all the way down to 15000 where I have longs set!. The analysis on this very fairly simple to follow. Good s/r zones, rising wedge, poor economy and weak...
Clear H&S pattern has formed. Bad news coming from the US at the moment in regards to the pandemic with highest number of deaths in 24hrs. Anticipate a sell on break/retest of the neckline. Drop back to support around 21,000???
US30 (Dow) - Target 18282 - Expect pull backs and volatility! - Use stops and trail stops to lock profits or break even - there will be many opportunities to re-enter a trade - The big boys will try to buy the markets up(they have a lot to lose). The bottom line is they can't create value were there is no value. Companies with no revenue cannot maintain value...
US30 (DOW) - Looking to Sell Drop below 50 EMA or touch of 0 Fib line? Using stop loss and trailing stops. Target 18282. Market Hyenas - Everybody Eats!!!
US30 (DOW) - if price cannot recover, the next target is 18282 (I don't want to believe it either, but the charts don't lie.) . Expect volatility and retracements. Use lower timeframes for tighter entry. Also have protective stops in place cause, in this market, anything can happen. This kind of drop is historic. We haven't seen a weekly bear candle like this...
US30 (DOW) Expect dip down to 21500 then bounce then must hold there or we will see drop to 18282?
US30 DOW - more downside possible? Is the EVENT over? Will previous support hold? Or are we headed to 21500?