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...
As other major markets presently indicate similar targets, Nasdaq index also shows a pattern with measured targets pointing towards a same or slightly lower high double-top. I'm seeing this as a possibility across stock and crypto markets in correlation with a long-term bullish US Dollar Currency Index (DXY) that recently experienced a strong correction and may...
Dow Jones (DJI) broke below its Pivot Zone and Higher Lows trend-line and as per our strategy published 2 weeks ago, we took that break-out sell opportunity: With the 4H RSI though printing Higher Lows against the price's Lower Lows (i.e. a Bullish Divergence) and the price approaching the 32480 Support level and the 1D MA200 (red trend-line), which both...
Follow up to my previous post. The big sell today confirms that the 20 day EMA is lost and a test of the 200 day is next. Not sure how low it will go, but the blue trend line, the 200 day, and the previous orange trading channel should provide support. Lose that, then down to the dotted red center line around 3700. If that comes true, then there is ample reason to...
Investments tend to fall in value FASTER than increase (even in bull markets) IMO always take profits STRATEGICALLY This works for ALL investments that have tried it on including, but not limited to Crypto, , Commodities, Bond Yields, and Currencies AVG 1-2 = 3 weeks 2-3 = WEEK! 3-4 = Almost month 4-5 = WEEK! 5-6 = 3 weeks 6-7 = WEEK! Example $DIA Use...
$DJI What do you see? IMO RISK REWARD entry point good here if we close above the dotted line $NDX doesn't look as good More POVs for $BTC #BTC Up & Sideways Channels = both good 4 bulls #crypto
Us30 is going to drop about -340 to -300 points today. approximately from 50% to -21% of yesterdays price displacement. Please give me a follow when this pans out correctly.
Let's make sense of this chart right now, that's it no more playing. My wave analysis skills are sharper than ever, and we are even making profits when I am wrong. But I am quick to identify and rectify my analysis and the reasoning follows right behind it. If it don't see it then it can't be made into an idea, but I am showing signs of improvement. That's to...
Dow is breaking down its trendline resistance. It made multiple tops and now breaking down. A close below 33300 can trigger a big fall