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Here is our forecasting report in the video format on Dow Jones Industrial Average on 31 Jan 2018. Please enjoy. Good trading NinjaSingapore 31 Jan 2018 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research...
The hourly XIV was already breaking down as the UDOW was making new highs.
In my last dow update, I was excited because price broke out of an upward wedge - a powerful trend continuation signal. BUT... We quickly lost momentum and fell back down into the wedge and lower. This is NOT a good sign. Bullish formations denied become bearish. The market is scared of the action-packed week's data - specifically the FOMC decision tomorrow....
The dow has been trading well within a rising wedge. Rising wedges in bull trends can be very good, or very bad. When price breaks up from a rising wedge, it can be very powerful. DJI gave 3 entries in January. You had to be quick, but you are being generously rewarded. The first was at the start of the year - easy breakout. The second was a small...
THIS, my friends, is a parabola. It is a glorious sight, but parabolas never last forever. On the chart I've marked levels in red, every 1000 points up to 30k: 25k,26k,27k,28k,29k,30k... I'm not such idiot to call THE top on the market. I'm simply saying my understanding of technical patterns leads me to safely conclude that this move will shift and a new...
The Dow Jones industrial average is trading bullish, and can be trading at the end of a bigger impulsive wave. We are observing higher degree blue wave V, that can be searching for resistance and for a top around the 2550/2700 region, where the middle and upper Elliott wave channel line can offer resistance and turn price lower. Red sub-wave five of V is also...
DJIA finalized its extensions and getting exhausted, as per the current Wave Count. Primary 4 (blue) Correction should swallow 15% of DJIA gains. Bearish Divergence confirms a possible collapse. More info available for LEWA Members.
Updated DJI chart. Projecting this wave's rise to be equal to Wave 1 (73.38%). The b wave of Wave 1 was 26 months from the 2009 low. Wave 3 was 43 months (1.6 x Wave 1). Wave 5 is closing in on 26 months. Even if this up move is only finishing wave 3 (the alternate count that is super bullish), there still should be a nasty correction once target is reached....
Dow Jones Industrial Average has been progressing to an unknown territory for the last few months. The index made an all-time high at 24876.07 on 18 December 2017 and due to the holiday season, the index did not move much this week. Investors like you may be wondering this pair's movement in the following week. From a technical outlook, the index is still in an...
It is a cryptocurrency? No, its a weekly chart of the Dow Jones. Parabolas do happen in other markets too. Yet, I come into 2018 with a sense of caution. I'm flat, so I can either buy, sell or do nothing. The thought of buying the Dow when it is so far from the 200 MA is gambling. To sell here would also be gambling. It may fall, or it may just keep going. So,...