WyckoffMode

DJI: Odds are High for 27525 to 25350 Sign of Weakness

WyckoffMode Updated   
DJ:DJI   Dow Jones Industrial Average Index
Hi Everyone! Thought I should point out the increased odds for price action to continue going down over the next two weeks. We also have high odds of price action continuing down even lower the next 8-Week candle after this current 8-Week candle. We have 2 weeks remaining in the current 8-Week candle. Target range of 27,525 to 45,350 is taken from the White and Aqua LOwer B-Bands in the 8-Week time frame.

I got my target range from the 8-Week Time Frame (below):

BLUE TEXT BUBBLE:
Blue Line has fallen below White Level 70; increasing odds for price to continue falling down
from the Yellow B-Band Basis to the White or Aqua Lower B-Bands.

RED TEXT BUBBLE:
The Red Line falling below Yellow Level 50 implies the price action has increased odds
of falling DOWN FROM the Yellow B-Band Basis. To where? That depends on the level
of the Blue Line. If the Blue Line is below White Level 70, The
odds are much higher for price action to fall down further to the White Lower B-Band
at 27,525. It is also possible to continue further to the Aqua Lower B-Band at 25,350
in this 8-Week time frame.

Here is the 5-Week Time Frame:

BLUE TEXT BUBBLE:
Red Line is already below Yellow Level 50. Now the Blue Line is below Level 50;
which increases odds for Stage 1 Expansion Down in this 5-Week time frame.
We currently see visible sign of Stage 1 Expansion Down now.

1-Week Time Frame:

BLUE TEXT BUBBLE:
Both Red and Blue Lines falling below Yellow Level 50 increases odds for
Stage 1 Expansion Down in this Weekly Time Frame.

4-Week Time Frame:

BLUE TEXT BUBBLE:
2-Weeks remaining in the current 4-Week Time candle. The Red Line is likely to fall below White
Level 30 the NEXT 4-Week Candle. So, it is POSSIBLE WE MAY NOT SEE PRICE ACTION FALL
FURTHER UNTIL AFTER TWO WEEKS HAVE PASSED. However, When the Dow Jones Industrial
is about to go down significantly, it tends to always "over-extend down" by the price action
getting ahead of where the Red Line is located. Where is the Red Line located currently? It is
located just above White level 30. Which implies the price "mean" should have price just ABOVE
the White Lower B-Band. We are currently over-extended DOWN below the White Lower B-Band.

Here is our current DJI 2022 Wyckoff Method 2.0 Distribution Schematic:

Entire Super Macro Group of Time Frames (2-Week, 3-Week, 4-Week, 5-Week, 6-Week, 8-Week, 10-Week and 12-Week):
Comment:
UPDATE:

Added one more "Simple Reaction in Phase B"
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UPDATE:

Added Division Lines for Each Phase to the Schematic:
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UPDATE:

S&P 500 - 2022 Wyckoff Method 2.0 Distribution Schematic:
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UPDATE:

Bitcoin/US dollar: This example is to show you a COMMON SERIES OF EVENTS in Phase D "after" a Sign of Weakness in Phase D of a Distribution Schematic is the following:

Sign of Weakness in Phase D; followed by an Up-Thrust; followed by a Higher Low; followed by an Up-Thrust Last Point of Supply Event before multiple Last Point of Supply Events down to a Sign of Weakness in Phase E.
Comment:
UPDATE

Accidentally had "Preliminary SUPPORT Range" INSTEAD OF "Preliminary SUPPLY Range" to the far left in the schematic. So, I made the change:

Comment:
Comment:
UPDATE:

DJI - Wyckoff Distribution Schematic:

We have a new 3-Day candle begin tomorrow. Based on the indicators; we are subject to begin our transition from Phase D into Phase E with a "Sign of Weakness" event in Phase E.

Comment:
UPDATE on DJI Average:

I've determined the 3-Day was not the proper time frame for this schematic. The 3-Day is fine for Crypto due to the current 4-Year Cycles we have experienced in crypto since 2009. However, traditional assets and indexes require a higher time frame due to their cycles lasting 8-years or longer. I'm using the 3-Week time frame instead for proper identification of "events" and "phases" within this 2-Tiered Distribution Schematic.

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