On the H4 chart, the overall bias for DJI is bearish. Looking for a sell entry at 31981.14 where the market gap is alongside with the 50% and 61.8% Fibonacci line. Stop loss will be at 33364.70, slightly above where the 78.6% Fibonacci line is. Take profit will be at 27215.49 where the -27.2% Fibonacci expansion line and 161.8% Fibonacci extension line is. Please...
According to the H4 chart, the current overall bias for DJI is bearish. However, because the CPI figure came in higher than projected, the short-term trend is expected to be positive bullish. Looking for a buy entry retracement at 29997.62, which comprises the 23.6% Fibonacci line and the market gap. To avoid missing out on the trade, entry will be at the peak of...
1. Youda_Potential, Fortune_TD, Fortune Banker trend, Fortune Crown stage: Analysis on weekly chart 10 Oct 2022 Youda Potential shows the midterm (brown line) is going downward, but the DJI index hit the green band, potential to be supported. 03 Oct 2022, Fortune TD show the green bar, there is a potential share pull back, if break out the high of green bar,...
The current overall bias for DJI is bearish , according to the H4 chart. However, because the CPI report was better than predicted, the short term trend is expected to be optimistic. Looking for a retracement buy entry at 29997.62, which contains the 23.6% Fibonacci line and the market gap Entry will be at the top of the market gap to prevent missing out on the...
The current overall bias for DJI is bearish, according to the H4 chart. However, because the CPI report was better than predicted, the short term trend is expected to be optimistic. Looking for a retracement buy entry at 29997.62, which contains the 23.6% Fibonacci line and the market gap Entry will be at the top of the market gap to prevent missing out on the...
The last time DJI touch MA200 in 4h timeframe, the price was move very volatile for whole market.
On the H4 chart the overall bias for DJI is bearish. Looking for a potential retracement sell entry at 12906.26 where the 23.6% and 50% Fibonacci lines are. Stop loss will be at 13564.83, slightly above where the 61.8% Fibonacci line is. Take profit will be at 11862.84 where the previous low and 0% Fibonacci line is. Please be advised that the information...
The current overall bias for DJI is bearish, according to the H4 chart. However, because the CPI report was better than predicted, the short term trend is expected to be optimistic. Looking for a retracement buy entry at 2906.42, which contains the 23.6% Fibonacci line and the -61.8% expansion line. Stop loss will be at 28522.60, which is somewhat lower than the...
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...
Let's analyze, we have double bottoms and double tops. I think price hasn't decided where to go yet but the price is under the ichimoku cloud so the price maybe will go up.
S&P 500 is currently finding support at the bottom of the down channel. It is also the 0.618 fib level. Today's price action is up and trying to bounce off the support line. I personally don't think this is the bottom, but this is an important place to watch. We could get a good rally off this trend line like back in the summer. However, the recent short rally was...
We are currently seeing a pattern which happened in the 1929 and 1987 crashes. The idea is based on the correlation between stock patterns with Jewish holidays. Both times in 1929 and 1987 we saw a local bottom at the Rosh Hashanah holiday. The local bottom caused a bounce towards the Yom Kippur holiday, forming a local top. Following Yom Kippur the stock...
On the H4 chart, the overall bias on DJI is on the bearish side with the price underneath the Ichimoku cloud , adding confluence to the bearish bias. However, the US CPI data release was better than expected so we can expect a short-term bullish momentum. Looking for a retracement buy entry at 29050.53 where the -61.8% Fibonacci expansion line and 23.6% Fibonacci...
The overall bias for DJI on the H4 chart is bearish. In addition, the price is below the Ichimoku cloud, indicating a bearish market. Look for an immediate sell entry at 30033.46, which is the 23.6% Fibonacci line. The stop loss will be set at 30840.50, which is the 382% Fibonacci line. The take profit point will be at 27215.49, which is the -27.2% Fibonacci...
On the H4 chart, the overall bias on DJI is on the bearish side with the price underneath the Ichimoku cloud, adding confluence to the bearish bias. However, the US CPI data release was better than expected so we can expect a short-term bullish momentum. Looking for a retracement buy entry at 29050.53 where the -61.8% Fibonacci expansion line and 23.6% Fibonacci...
market hitting resistance level 1 around 30100 with a strong level around 30350/450 on a longer downtrend, good places to short market for swing low
Current price action suggests test of 20 day SMA after finding support at the bottom of the channel and touch off the 200 week SMA (see my other posts on 200 week SMA). The new bullish counter rally is not really confirmed until it can hold above the 20 day and break the blue trend line. A bullish sign would be to break out, retest the 20 and the trend and then...
SPX both time-wise and level-wise is ready to begin the next leg down to at least 3.5K by mid Oct.