This is a simple MACD analysis, to try an forecast a topping pattern before a crash, The safest and high probability trade for a short occurs when the MACD has a negative divergence highlighted in red circle and yellow divergence line. Since it has broken the uptrend support and it is coming back to test it close to the 0.236 fib retracement level. that would be...
Wolfe Wave - the Elliott Wave for lazy people. Sometimes an extremely effective tool. Around 16400 - we have strong support zone. If the defense will be successful - we go back to the north. Distribution in progress. www.investopedia.com
Dow Jones Industrial Average (DJY0) Daily Diagram Technical Analysis Training shows the following: The DJY0 index has reacted from KUMO towards to Kijun Sen(blue). Now the Index is under the Tenkan Sen(Green) and Kijun Sen(Blue) too. So the first think in mind is the case of a further reaction above the Kijun Sen. MACD is bearish and RSI is looking...
No Pasaran! - i.e. "They shall not pass!!!!!!" The upper red line opens for the bulls way to the level 18,000. And then what? Another half year rally. thepatternsite.com en.wikipedia.org
We all know the market phases: accumulation, mark-up, distribution & mark-down. IMO we are in the distribution phase . It will take time. A diamonds are beautiful and unpredictable. thepatternsite.com www.investopedia.com
DOW has peaked out and the down move has started. Based on Elliott Wave Analysis the ending diagonal has completed 5 moves after which a big correction is expected, giving the confirmation is the Candle stick signal patterns a Bearish Shooting star as well as Evening Star. Expect market to correct till 15500 as 1st Target and then beyond. Looking at Fibonacci...
Betting against the USA can be bad for your portfolio longer term. Bias is a killer in all time frames. Many would be "smart guys" have debated the end of this mega trend based on their so called understanding of the US debt situation or other "urgent crisis" they are sure is going to bring about the end. All this while being too myopic to zoom out for real...
Gold, Silver, Wall Street, Oil Relative performance at 4 time frames Note the drastic difference post-2007. Also note the chaos of 2014
Coming after outside reversal, this months candle has to fight with 1,618 fib from important 2009 lows, right at the infamous trend line which connects the 2000 and 2007 highs. If daily or intraday print a rejection/reversal confirmed candle, it will be a good spot for a short. Cheers, Panos