The DJ30 (Dow Jones Industrial Average) Now has a Confirmed "SHORT" Signal on Hash Ribbons 2 Day Chart. As shown in the chart, the last time this happened was in February 2020 when the markets crashed spectacularly. In previous charts I have spoken about the 1929 prop to the great recession and place the bars pattern as an overlay on my chart analysis. You can...
We have the Dow Jones Industrial Average Index (DJI) opening red below MA200... Full bearish control. This is the same signal we looked at on the S&P 500 Index (SPX). Just like Ethereum, Cardano, Bitcoin, Solana, Polkadot, etc. The SPX, DJI, NDX all move together. What one does, the rest follows. Here is the daily MACD for the DJI: We just lost a 20+ year...
$DIA Long View - looking out into mid-year - I added a few targets What I’m thinking is a possible retest of 331… and if that breaks I’ll be looking to the 293-301 area. (And actually there’s a gap right below that so perhaps targeting that area as well… so 282, 293, and 301 would all be the next buy levels if 331 doesn’t hold And with this I’m starting to look...
Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the count, the main waves 1, 2 and 3 of this process have ended and we are now inside wave 4. Wave 2 is the main correction shallow and short, so wave 4 is deep and long in terms of price or...
Looking at this one day chart it looks to me like DJI is forming a Bearish Bat Harmonic. For me, there is a tight PRZ with a .886 D point of a Bearish Bat Harmonic, a 2.618 ABCD completion and a 2.0 AB ext. I will be looking for a reversal here, around $37,400. My whiskers are telling me that we could trend up until Friday and maybe see a dump by Monday. The...
“ Love is lovelier the second time around… ”, so they say in the Oscar-nominated song “The Second Time Around”. First performed by Bing Crosby in the 1960 musical-movie “High Time”, the song became even more popular when Frank Sinatra added it to his repertoire one year later. The song’s message might also ring true for Dow Jones as the index tries to climb above...
Dow Jones has bee forming peculiar Cup & Handle (C&H) patterns since June 2021. Every time the price broke above the Handle, new All Time High (ATH) followed. As you see DJI is right now on its 1D MA50 (blue trend-line) and about to break above the latest handle. If it breaks, the formation should target the 1.236 Fibonacci extension by mid March. The time-frame...
Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the count, the main waves 1, 2 and 3 of this process have ended and now we are inside wave 4. Wave 2 is the main correction shallow and short, so wave 4 is deep and long in terms of price or...
(0:40) #DXY #Dollar Index - dropping (1:10) #VIX #Fear #Index - spiking (2:30) #DJIA (2:50) #SNP (3:00) #Nasdaq (3:10) #QQQ (3:25) #BTC.D (3:51) #EthUSD (4:15) #BTCUSD - Bitcoin is still overall in bullish territory. A drop below our black ascending trendline would cause me to become bearish, if confirmed on the daily. This still has not occurred. (6:22)...
This is Dow Jones on the 1D time-frame. The price made a bottom just before the 33040 Support of the June 21 2021 Low and is rebounding, about to test the 1D MA200 (orange trend-line) as a Resistance. Below the chart, I've placed the RSI both on the 1D and 1D time-frames. On 1D, the RSI hit the multi month Support and rebounded and on 1W it hit the bottom of a 5...
The DJIA has been moving in an upward channel since around mid-June 2021. Recently the index formed a long bullish hammer candle that successfully confirmed a significant support area of a rising window/gap at 33,175 (this is called the cluster of candles). All the last week candles closed over the lower boundary of the rising channel and the 0.236 Fibonacci...
(2:35) #Dollar #BullFlag (3:25) #Dow #djia #bearflag (4:30) #VIX #inversecorrelation (5:40) #Ethereum (6:35) #Bitcoin #Dominance (8:00) #Fibonacci #Retracement (11:00) My line in the sand
Here's what I am looking at today regarding #bitcoin, #ethereum, the #dollar, our #stockmarket #indexes, and the overall #crypto #markets
Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the count, the main waves 1, 2 and 3 of this process have ended and now we are inside wave 4. Wave 2 has had a shallow and short correction, and accordingly, Wave 4 becomes deep and long in terms of...
Those who stayed short - well done! The message of this chart is that for the remainder of this and early next week, the price can spend consolidating. I do not do intraday trading, hence, the strategy would be to take it easy, watch waves and add shorts if opportunity emerges. The price can continue crumbling down - I do not rule this out. At this stage of the...
(2:00) Dollar broke above a bull triangle (2:43) SNP Chart - Gap fills on the 1hr/4hr (5:36) Nasdaq and DOW gap fills (6:20) Sell volume capitulation on the QQQ? (7:38) VIX fear spike - 7 days in a row (8:39) Bitcoin chart - do we have confirmation that the buyers are back? (10:54) A new experience for me on the charts (12:05) Huge resistance ahead for...
As we all clearly feel these days, the markets are knee-deep in a phase of correction. We know, this can be alarming, but never fear! There is hope for rescue! It’s a bird! It’s a plane! It’s Superman! Like Superman rushes down to catch his crush Lois Lane in free fall, Dow Jones has rushed down into the orange-colored zone between 33518 and 32614 points. And just...