🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: Super Bullish and already swept multiyear Liquidity NO weakness here back to back High 2:📆Monthly: The bulls Are so much in power After form, and Valid Hidg prices Are Also confirmed Valid low to And making a Monthly Flag type pattern A continuation sign toward the upside 3:📅Weekly: After a Choch...
As Dow Jones hit the 4H MA200 today turning 4H technicals overbought (RSI = 71.290, MACD = 117.130, ADX = 48.966) it also achieved the two targets we set last week: Our whole plan was based on the huge demand on the November Support and the fact that the previous drop to that Support was very similar to February's. If this continues to hold, then we are at...
Are we set to get a surprise crash? Why this question? Because the chart looks really good and when the SPX grows, everything grows. When everything grows, everything grows. Barring a surprise crash on Monday, we get a green Monday... Ok, let's read the chart! The SPX closed Friday green. It tends to follow up the next week (tomorrow). The SPX bounced...
Ah the beauty of Fibonacci... when after a painful recession for equities, we reach the golden ratio alive and well. The satisfaction!!! Now we can go all-in equities! Perhaps you are one of the lucky ones who bought the October bottom, then congrats to you! How much was your profit really? After all, this was a peculiar year... Yields massively increasing,...
Notice how the August 2022 peak is followed by a strong correction, instantly. The November and December 2022 peak is followed by sideways consolidation. That's why I consider this chart to be bullish. I make the same argument for Bitcoin. In the past, each time a peak is hit we have a strong correction immediately after. In the present, as each new peak is...
From yesterday ---------- 11:34AM 1hr VOLUME SUCKED BUT That 1Hr Doji is a good sign & RSI positive divergence 4Hr looks ok, reversal but not strong enough NEED more volume More later after #DJI $DJI #stocks --- 12:21PM $DJI Volume pumps up more & we close the 4Hour (around 130est) ABOVE 32793 = GREAT sign (((FYI IT DID NOT DO...
CAUTION is in order as we may be bouncing off 92-year key resistance into a longer-term reversal point. This is by no means a short-term play, but one you should monitor closely.
Dow on the 4h chart is moving in aseries of lower low lower high. The Price is now testing a key support and according to Plancton's strategy if the market will make a clear break below we will set a nice short order.
Not surprisingly to us, Dow Jones has stayed inside the High Volatility region that we have identified back in late November: The 1D MA200 (orange trend-line) has supported twice already since November 10 and is now going for its 3rd hold. If we pay a closer attention to the 1D RSI we see that it has printed the very same pattern it made on all Lows during...
Seems to me like this could unfold as a complexe correction if bulls are to remain in power longer term. We could see soon a move up but if it stays sideways it's most likely going to be a wave (b) of higher degree Y imho. Look for individual names showing relative strength right now, those are most likely to be the next big leaders.
Dow Jones almost hit Support (2) at 32470 a level that worked out twice since November 9th 2022, starting strong rallies to 34390 (Resistance 1). The same Declining Support on price - Rising Support on the RSI (4h) Bullish Divergence was formed on the December 20th bottom. Trading Plan: 1. Buy on the current market price. Targets: 1. 33050 (MA50 (4h)) 2. 33500...
Dow Jones' long term pattern is a Channel Down. On this chart you can see that all 1D candles have closed inside the Channel regardless of the length of their wicks. The 1D RSI is inside a Channel Down of its own. The price is approaching a Triple Support Zone: the 32500 horizontal Support, the 1day MA200 and the bottom of the Channel Down. Last time all three...
🚨#Yields are still forming lower highs🚨 $TNX bucks trend but it lags (inverted curve) $VIX LOWER LOW This can be very good short term for #stocks & #crypto
us30 is going to drop more than 330 points to erase yesterdays rally. Give me a follow if it pans out correctly.
This expectation is a framework to look for a potential trading setup; I recommend you to not just execute based on these levels. I always wait for confirmations on lower timeframes Click on Boost (like) to support these free analyses! This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market...
🚨#yields look to be topping🚨 Things are FALLING into place! Been posting on $DJI & $BTC RANGES Risk reward was great late last week & on this dip (focusing on DOW JONES ATM) $VIX staying 18-23 is ok Adding more $ on dips #stocks #crypto
Went back to basics last week Loaded up on $DJI, specifically $UDOW Will unload as #DJI closer to resistance, red dotted FUD to lower #stocks #crypto Then buy the sellers CLOCKWORK, media is GREAT contrarian indicator --- THIS WAS POST LAST WEEK $DJI What do you see? (Was a CHANNEL & $SJI close to support) IMO RISK REWARD entry point good here if we close...
Key support line just broke. I was thinking inverse head and shoulders pattern was formed. I wanted to see some more bullish move. But after seeing this pattern is all broken. I admit and stay away from the market or short the position from now on. Fed watches pce more than cpi. Since the pce was too high. We have to admit that this market has to go down and...