www.tradingview.com In his book, "Trend Analysis of Financial Markets", Jhon Murphy explained Dow Theory in his first chapter. One of the topics he mentioned is "Averages Must confirm Each Other". Meaning that "no important Bull or Bear Market signal could take place unless both averages gave the same signal". Now, Dow Transport Average shows a potential...
www.tradingview.com Perhaps a little late in my analysis having just glanced this nice looking chart this last few days. I am amazed at how steady the price remains even though gold price has fluctuated dramatically since breaking up from it prolonged downtrend in late 2015. If you compare any other miner, you will see some serious price fluctuations, not so...
www.tradingview.com Seems like a nice cup and handle break up by SPX. The move is measured by drawing a vertical line from the right side of the cup to the bottom and placing it right at break up. Marked by fibs also. We'll see. Also, pre election years are the best, giving the best returns according to Trader's Almanac.
www.tradingview.com Target istaking by drawing a vertical line from the right side of the cup to the bottom pàrt. Final TP is at 200% fib line.
www.tradingview.com Cup and handle Pattern. Long after breakup line marked in blue.
www.tradingview.com Three Buddha top present on all indices. Candles yet to be termined by this weeks close. So far its a harami on weekly but we have two more days trading. On daily we have a evening Doji Star along with a hanging man. It would be wise to be short or wait for confirmation. NOTE: Thanks Thipp. Been catching up on the reading material provided.
www.tradingview.com As chart indicates, Possible dark cloud cover on daily. Confirm after closing bell. Strong possibility of follow through starting next week if US10y continues to drop. DGS10-DTB3 (yield curve) indicates a flat curve and economy prone to recession. A H&S can be observed in many equities.
www.tradingview.com Short LLL. Pattern indicates H&S. Targets are marked by windows left open on daily Chart. Candles Indicate on weekly by a void Dark Cloud Cover, but followed by another red (black) candle completing a bearish engulfing. Also, treasury yield s plummeted considerably after Fed decision to not raise interest rates. Till today, SPX, NDX...
www.tradingview.com Nas100 is about to break formation. Numbers indicate similarities in patterns before Brexit on the daily chart. Also, gold is about to break higher.
www.tradingview.com Using a parallel channel tool, I drew a precise line using gaps as starting points and end points, middle channel also using gaps as reference. I always compare my charts to DXY, USDWTI, DGS10-DTB3 (yield curve) and market indices, particularly SPX. Comparing the 10 year note yield to SPX painted a clear picture. Still, I've yet to test...
www.tradingview.com After some consideration, I closed the other trade. This I think is a more accurate chart. I labeled it education since it is merely for that, educational purposes.