racethehare

Ultimate Stock Fake-out [Stop Hunt]

Long
DJCFD:DJI   Dow Jones Industrial Average Index
We have a much lower drop than expected because there are so many stop losses and liquidations in this circled "Stop Hunt" area (which WALLST investors are taking full advantage of). However, we are meeting with two hidden support lines (pink and purple) and converging with the Weekly 150-EMA. It may not look like much, but this is HUGE support and the big players know it!

Don't let the talking heads fake you out. This is phycological warfare right before Christmas when no one is at their computers to trade. I cannot wait to see what happens in the next couple weeks.

Where is the bottom? Somewhere around 22,500 but be conservative and don't try to be first in, you should wait for the signs of reversal. A lot of folks will wait for the 21,000 support with the 200EMA but this incorrect, and they will miss out on the fake-out!!

Merry Christmas

-racethahair
Ps. checkout my BTC charts where I successfully called the bottom at $3150 before anyone else!
Comment: Please like and follow as I will be updating this idea with each confirmation of the reversal
Comment: So far so good. DJI has its fourth BEST day ever, less than two weeks after DJI's best day EVER. You should wonder why you heaven't heard the talking heads mention this..
Comment: Give yourself a pat on the back if you made it through that nasty stop hunt, perfectly called!
Comment: Now shorts are getting liquidated, this is how the game works folks... I hope you followed my advice, but if you haven't yet, better get on the train. Your first loss is your best loss, so take it and go long. Pride is the killer of profits, trade the chart, not your emotions.

Comments

this chart will never work out, bull market has just started for dow jones. hf
+1 Reply
racethehare DanielDanield6
@DanielDanield6, I understand what you are saying. It is quite the move, but It's also based of historical analysis from the same economic standpoint.
Reply
DanielDanield6 DanielDanield6
@DanielDanield6, i mean " Bear market has just started" sorry.
+1 Reply
racethehare DanielDanield6
@DanielDanield6, that's a bigger claim than I'm making and completely speculative. The trend is your friend... we are in a bull market, and "might" be moving into a bear, but there is no way you can show analytically that we "just started" a bear market.
Reply
DanielDanield6 racethehare
@racethehare, once we broke 23350, we broke KEY market structure. thats a huge huge tell sign my friend.
Reply
DanielDanield6 racethehare
@racethehare, all the trading Bots (algorithmus) and the Major Fund Manager got the stop set there, so once we broke below it everyone sold hence the sharp drop in these weeks. And by the way, since the herd still things this Bull market will continue, Those big guys allready on Major Shorts.
Goodluck with your longs ;)
Reply
racethehare DanielDanield6
@DanielDanield6, Strange... you think the herd believes the bull will continue? All I've been hearing is the same thing you are saying from the talking heads. I'm not long, I'm waiting for confirmation that I'm right before making any moves which I will address here.
Reply
DanielDanield6 racethehare
@racethehare, If you cant see the Dow will bleed more, then it cant be helped. :) Btw. i also called BTC from January 19 2018 to 2500-3500.

I know when the Bull is over my friend.
Reply
racethehare DanielDanield6
@DanielDanield6, @DanielDanield6, Sure you did, just like your most recent BTC chart where you said: "i set my first Buy in target around 3600$, and worst case 2200$ - 2800$ per 1 Bitcoin . We might see a bottom in approximately early January 2019."

Good luck with your crystal ball
Reply
DanielDanield6 racethehare
@racethehare, Sure, Caling in at these prices. 3500-2500$. For people to think this is the BTC bottom its gonna be sad again:)
No crystal ball. Just analyses. We talk again in 3 MOnths.
Reply
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