At end of trading day 7.3.2019 there is now really news to tell. We have established now a new short downtrend channel i have marked in purple to have a road for the next days. There is also as you can see a trend resistance channel with a deeper fall, i have marked with orange resistance line. I think in 1 of these channels we will se DJI tomorrow and than...
Everything's pointing down... raise cash, get hedges, take profits, and stay tuned.
Compression as defined by the 120 period is liable to provide resistance for that compressing period. Trend continuation after rejection is likely.
Nothing news here, Situation is still short. Resistance at 25890 and also at 25720 are to brek for a new setup. But the short trendine is also valid as resistance (marked in blue)
Exactly as described in the last Ideas the DJI is in Short Mode. I have added the new short trendline which is very steep. Maybe the will break and we eill get a more flat short lower trendline but that will not change the setup. The Make or break is again 25890 If its going not above thet level the setup still is short.
SELL When: - Touches the RED Line with RSI reaches 70 - Bearish RSI Divergence occurs BUY When: - Touches the GREEN Line with RSI reaches 35 - Bullish RSI Divergence occurs
The index broke on Monday the 1D Channel Up (RSI = 57.363, MACD = 302.300), making a bottom below the Higher Low limit (Highs/Lows = -54.6429, B/BP = -113.5340). The rejection near the 26,280 1W Resistance can potentially escalate to a full 1W pull back towards the 1W Support Zone (24,140 - 24,280) but only if the 25,620 Monday low breaks. As seen on the chart...
As i wrote in the chart the resistance line at 25880 (nearly) is to beat for long. For today the bulls havent had enough power to kill it. That seems to be at the moment that situation is still short but we have a chance for a long change if that resistance will be took out from the market. On the other hand if the next days the come back above this line...
Its exactly as described in the older publish from today morning DJI comes to that the short trendline resistance (Orange color) and go south at the moment. But that is to watch carefully. maybe we will have later today or tomorrow a jump above this line. If that will be the setup short will be going wrong. But at the moent its still short.
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Mow we are in Short aerea Trendlines shows short channel is building up 25872 art end of today And tna . 2 Resistance zones are above us now 26100 and 26150
SHORT DJI , TO 24600, TRADE DEAL ALREADY PRICED IN , SELL THE NEWS . GOOD LUCK ALL
If we apply geometry to the chart (Gann fan) we can see the price bounced off the 2/1 resistance line and now we're headed lower, unless DJI bounches at the current price. Zoomed into the 4 hour, price is converging upon first Fib pull back level and the gan fann
Price has reached the area of the YR1 pivot and is building value in this area, as the profile shows the development of a high volume node. A rejection would push price back down to the POC at 25400 initially and then 24600. Profile shows a nice positive skew (P shape) as it continually builds value higher, so this is bullish. A daily then weekly close above the...
Renko shows the momentum, needs a daily close below 25800 to put in the first red bricks. Until then, stay on the green road!
Looking for 27292 zone. Heading to the ceiling. Can we break or will we see resistance?