Old Dow showing young energy. Likely to continue throughout this tech/long duration driven bear market
DJI is now above both it's 200day MA as well as an intermediate trendline resistence. However, we are seeing bearish divergence between price and RSI on DJI's daily chart and with near term horizontal resistence coming up @ 34100-34300, we could have some pullback when it reaches there. Fibonacci retracements of 23.6% to 50% of it's most recent swing up will...
Do we see some relief into October? Or, do we lose the 38.2% fib retracement level ? Fundamentally, Macro seems bad, but forward looking, DXY rolling over, Oil already rolled over... It's possible a relief rally follows before another sell off EOY. Similar charts with Nasdaq and SPX
Market direction According to first description of US30 I posted, we have a very good fall on Friday 11th of November 2022 now the bearish finale direction will take place as soon as market resume.
Observing the market moves, market structure HH along side with order block. On your H4 time frame market price action inside the supply zone, symbolize market bullish moves.
While DXY is falling to previous support DJI has broken above the falling pennant pattern. We should expect it to re-test last resistance to form a lower high and continue lower from there once the DXY finds support. See my idea on the DXY
Harmonic its a strong sell have a great luck Don't forget about capital management
Important Week ahead of us, all indications and indicators are showing strong momentum, so is expected to see prices break above this resistance? If that scenario is to play out I want to see and decisive bullish candle breaks the resistance and a retracement to the resistance turned into support and a bullish engulfing candle for good measure, and that will...
Saturday 12 November 2022 23:36 PM (WIB) The dimming of the light makes the picture clearer It's just an old photograph There's nothing to hide When the world was just beginning I memorized a face so it's not forgotten I hear the wind whistling' Come back anytime And we'll mix our lives together Heaven knows- what keeps mankind alive Every hand- goes...
I think it takes a bit longer to hit bottom than in 1929... Up to 3 years longer. The moves seem more prolonged as this index ages. The start of 1929 run to the top was 15 years. We are currently at 28 years... I am looking at the dates between Jan 2025 and Jan 2029 for a bottom... Somewhere around $4800 DOW IMHO for an upper 80% correction in over-hyped...
According to the above analysis, the price will reach the specified support range, and then, according to the reaction of the price to the support range, another position can be taken. It is likely that the price will grow from this range. R/R = 2 TP= 178 PIP
Dow Jones (US 30) weekly analysis on 4H. The price has breaken the 10 months trendline. we are currently seeing the price trying to retest the new support trendline that I have put on the chart. If the price retest we are going to see the price pushing more to the upside.
I have been watching this big timeframe chart for a while now. As you can since its inception Bitcoin has been eating away value , or securing itself as in investable asset. We had a major inflection this past cycle , with the now infamous double top #BTCUSD we also had a double bottom against #stocks It appears to me we need to test previous zones of "Value"...
Mid term view, what do u guys think of it? We could see a new ATH before we see a Covid like drop again. Alot is going on in the world.
Hello, Friends! Anyone who looks at the chart of US30 today Can tell that bears will win this battle So we are opening a short position! SELL! ✅LIKE AND COMMENT MY IDEAS✅
the line maybe is important line zone for buy or sell. note : my analysis and trading style is base on supply and demand , support and resistance . market structure, and price action. before entry I will wait and see how price approach and react to the zone. must waiting / look how price action (reaction) and market pattern when price come to the line zone...