Dow Jones turned bullish on its 1D technical outlook (RSI = 59.241, MACD = -34.600, ADX = 33.114) after more than three weeks as it smashed past our target and even crossed over the R1 level (34,150). The inevitable formation of a Golden Cross on the 4H timeframe, indicates that this sequence has one more High left to give on the LH and HH trendlines cross.
The...
🔹DJI is within an approximate horizontal trend channel in the medium long term.
🔹A break upwards will be a POSITIVE signal, while a break downwards will be a NEGATIVE signal.
🔹DJI is testing resistance 34100.
🔹Technically slightly negative for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head &...
- DJI is in a falling trend channel in the medium long term.
- This signals increasing pessimism among investors and indicates further decline for Dow Jones Industrial Average.
- DJI is testing resistance at points 34100.
- This could give a negative reaction, but an upward breakthrough of points 34100 means a positive signal.
- DJI is assessed as technically...
In this short video I focus on the UK and US 10 year bond markets in comparison to the DJI.
All these markets are linked up in the background - at the speed of light.
There are no predictions here - only probabilities and speculation.
High volatility is expected at the opening of the markets tonight, 16th Oct 2022.
Some are predicting a 'Black Monday' type...
Hey traders, in today's trading session we are monitoring US30 for a selling opportunity around 32900 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
In this video I pay attention to 2H and 4H time frames, updating my previous video. I also compare momentum in the 2020 crash with the current picture.
In particular I look compare squeeze momentum and RSI patterns in both periods.
There is always 'hope'. But hope doesn't rule against market crashes.
This is one hypothesis - not a prediction.
Disclaimer:...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
FOLLOW SKYLINEPRO TO GET UPDATES.This is the second post of 3 on the analysis of US economy and stock market. Top left we see the interest rate spread (3-month minus 10-year US Yields): a leading indicator of problems ahead is when this yield spread inverts down after coming up from the zero line. The real trouble occurs when it uninverts after reaching a low....
This is not a prediction. I don't do predictions. The setup is only a probabilistic estimate based on a reckless disconnect between market sentiment and fundamental reality. It's probably the most reckless in history.
For every probability estimate in one direction - NOTE CAREFULLY - that there is a residual probability in the opposite direction. So if for...
TVC:DJI DJI starts to trace minor wave 3 downwards of intermediate wave 3 of primary corrective wave A from the supercycle peak occurred earlier in this year. More downward moves ahead and with momentum gain. TVC:DJI
Hello, Traders Investors And Community, welcome to this fundamental meaningful analysis about the current situation facing the DOW JONES INDUSTRIAL AVERAGE INDEX which is beside the SPX 500 and other indices one of the leading to represent the economy. As I mentioned already in past analysis about the SPX 500 the overall bearish bias in which we are trading should...
Traders, US30 has been moving as I predicted and expected. Now this current level is critical for the price. I am expecting a downward movement. Here is my analysis and trading plan. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this...
DJI continue its way down on intermediate wave 5 of corrective primary wave A in the current main scenario. The alternative scenario as of today is that intermediate wave 5 has finished, if this is the case, there is a possibility that wave A up had not yet finished, to monitor for this look at the resistance line at the high of March 26 in the next days. in any...
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DJI is expected to RISE now.
There are many reason why we feel it may RISE.
01. It is taking support at quarterly levels trying for a big jump.
02. Bullish engulfing in daily Chart.
03. May reach weekly target 16326
04. Stoch RSI (3,3,14,Close) states it may rise.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also rising.
Keeping all the...
![DJI: DJI - Falling Trend Channel [MID TERM]](https://s3.tradingview.com/s/s2HIFTYt_mid.png "DJI - Falling Trend Channel [MID TERM]")
