Hi, this is my new update for DJI. As you see in the first picture, we are exactly in the same place we should be for a big crash. It is difficult to estimate a date, but I expect we are going to see 80% downside on DJI in the near future. Right now we are on a beautiful uptrend channel pattern and it has acted as resistance level multiple times and the middle...
I think we are in a ABC correction and we are currently in C wave down with minor 5 waves. I expect the prices to reach around $4000 next week.
Likely will reach 1.618. S&P500 will likely print between $3920-$3850. Always, long VIX with caution.
The "TBO" indicator was created to show the strength of the trend as well as show breakout and reversal signs. The U.S. Dollar Index (DXY) has been an important metric for gauging the sentiment of TradFi markets (SPX, DJI, FANG, XAUUSD) as well as crypto markets (BTC, ETH, TOTAL), which means that all TradFi and crypto traders should be paying attention to this...
I have been careful with assuming this count, there is just way too much pointing to a top in December. More recently it appears as though Wave 2 just completed. I expected a large zig-zag down so not sure how low it will go until we see Wave (A) completed so I will keep you updated on this. Entry: 33,500 Stop: 34,507 Target: TBA See other related short...
After the double bottom under 29k and a break above descending trend line resistance, Dji has started to consolidate (as if it was waiting for Nas100 and SP500 to catch up, and now are all aligned:) ). Technically, the picture is bullish and crystal clear, with a price waiting for a trigger to break above the triangle's resistance. CPI could provide this trigger...
Will inflation get under control? This is a question that spins on my mind. This chart clears the picture. On the top of the equation we have "long-term inflation", calculated by GOLD*PPIACO On the bottom we have the true equity value, calculated by modified-yields*SPX modified-yields = US10Y+1+1/US10Y. It follows the standard US10Y chart. This chart tells us...
Possible price movement going towards the CPI data on Feb 14th, 2023. Good luck trading!
In this video I do some live analysis as I change the labels for Wave D and explain how we are on the cusp of the next bull market. Now we are beginning to see a raft of confluence across several markets that indicate that there is not long to go before that happens. When I see similar things (Not the same) across several charts that start to align it become...
Everyone is talking about de-dollarization but nobody is talking about dollarization. This is part of IMF's plan to dollarize the world and change the name to "One World Currency". The future is much brighter than a lot of people think. We are heading towards a world where stock markets around the world is going to do very well due this one world currency....
Major bounce on Monday is likely and a major price drop on Tuesday is also likely... Happy trading!
Getting some signals on US30 to short the crap out of it. Betting that we gonna see the same stuff across other markets I'm currently building short on US30, DAX, US100 (propably most risky at the moment)
Looking and watching Re-testing previous movement and re-down from the above downtrend line, Our stop activates only of the price goes up and stabled above it. Calculate ur risk, this is a good chance besides my view of NASDAQ. CURRENCYCOM:US30
On the H4 chart, the overall bias for DJI is bullish. To add confluence to this, the price is crossing above the Ichimoku cloud which indicates a bullish market. Looking for buy entry at 33607.93,take profit at 35428.85, stop loss at 35428.85 which is the recent swing low. Any opinions, news, research, analyses, prices, other information, or links to third-party...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 33704.98, where the support is. Stop loss will be at 32948.93, where the recent low is. Take profit will be at 34712.28, where the previous high is. Please be advised that the information...
The trend was started in 2017. Covid crash was just a bump on the road to something really big.... Once in a lifetime crash in one the way IMO...
My overall consensus for the Dow Jones is to drop back down to the October lows and take them out. How we will reach there will vary but I'm looking for the downside momentum to carry on from today into tomorrow, and into next week. Trade safely traders. This is not financial advice.
Relative Strength Index, is one of the most famous indicators. If analyzed correctly it can show us warnings very early on. Look at this period between 2010-2014 for USOIL Price is supported by a very wide ribbon, while RSI is under significant resistance. When we are talking about such wide timeframes, RSI action is VERY important. One could say that RSI...