lets take some opportunities scalping use money management wisely
If you can see price make a new high. So we need to wait pullback at RBS zone for long position.
Although the Dow breaks the record mark of 35k the bulls are still weary to entrench themselves above this historic mark. Given the sideways movements over the last week, our primary expectation is a setback to the 34200 area. There we expect support and a turnaround to new all time highs. We are looking to go long at around 34200. What’s your take! Happy Monday!
I don't use EW but this just a "addon" for my analysis, anyway, the next target is around 37500- 38000, now we are in a new highest high!
Hello everyone , as we all know the market action discounts everything :) The Dow Jones Industrial Average closed at a record high on Friday while the market close above 35,000 for the first time ever, bringing its gain for 2021 to more than 14% clinches four consecutive days of finishing in the green, The DJI seems to be getting even more momentum by day and we...
After the recent correction, the Dow Jones is recovering again. However, we believe that there is still some potential on the downside until somewhere around 33299 points. Once within that area, the Dow can start its final recovery and push for new all-time highs above 35000 points. It is only important that it stays above 32902 points. Exciting times!
Coronavirus cases up 37% over the last seven days to 203,082 in the U.S. The resurgence in Covid-19 cases around the world could slow the economic growth. My price target is the $33200 support
The price of the DJI is not following anymore the primary upward trend line that began in march 2020, neither the channel line. Is not able to make new higher highs and there is a shooting star in the top of the advance. There is been a 93% upward move since march 2020, which is a record upward move in such a short period of time. Volume is heavier on downward...
Hello everyone , as we all know the market action discounts everything :) The market seems to continue its movement up with no signs of a reversal yet , all the patterns and indicators that we used on that chart are telling us the market is still not stopping here , MACD creating a bullish positive divergence, market price moving above the MA and the STOCH is in...
Continuation of DJI Analysis - 4 HR chart. A study into Elliot Wave Theory. I'm expecting the next leg to move to the downside. Feedback welcomed. NOTE: Not financial advice.
DJIA The Yearly R1 pivot pointy was strong resistance. The BIGGEST reversals happen at the Yearly pivot points. Yr1 to the Yearly Pivot is possible
Hello everyone , as we all know the market action discounts everything :) we saw from the chart that we analyzed that the DJI price is moving in downtrend which is a great point of entry with a sell stop action , there are no signs of the market reversing yet , will keep you updated . Fundamental analysis : The U.S. stock ended sharply lower on Friday, Dow is...
DJI aka Dow Jones Index has been sliding south for the last 7 days, but considering that it has been going up for last few months it is not surprising to see this kind of pullback. Now the issue becomes, will this index keep having losses till it collapses to the abyss or this magic line is going to save the trend and push the bulls up to the moon as they say?...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE DJI INDEX FROM THE MONTHLY CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE DJI INDEX FROM THE MONTHLY CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS...
Looks like we are starting the W4 correction which will lead to the final push up to 4700-5000 sp500 EOY TF.