The DJIA last week, fell 1,500 points after testing the Yearly R1 pivot point. The BIGGEST reversals happen at the YEARLY PIVOTS! The Yearly (P) point gets tested 80% of all Years. Perhaps R1 to the P in 2021?
5th wave has still some room to go up as usually it's as long as 1st wave. Fib Extn for this wave from bottom of 1st wave to top of 3rd and extending it to 4th (bottom): -------------------------- - We are now at 0.236 Fib Extension $34,550, 0.382 is around ~$35,090, 0.5 is at ~$35,500, 0.618 around $35,958 Good Luck!
Dow Jones continues to show strength, it's a slow mover as volatility is low for value stocks. - 3rd wave's peak may or may not have reached yet, but either way still has a 5th wave to complete before correction. - Green parallel zone represents bullish impulse still in place, upper line acts as resistance and below line also represents trend line of support. Enjoy!
The Dow Jones index is struggling at the Fibonacci Yearly r2 pivot point. Last January when it tested the R1 pivot, there was a 1500 point pullback. Perhaps another pullback here?
New highs for a few more years and then a big crash coming.. The chart speaks for itself.. (Eliott wave) This is not an investment advice.
After buying for two months, Now we are going to sell Wait for finishing this 4h candle, till now that broken down the strong trend line, we need pull back and test the trend line again Have good trade
#DJI interesting zone. Next 10pc move shld be down
This is an Update of the original post ; This is now at a 36 month Major Resistance! It is quite likely this will be the (very) long-term, final top.
Chances are good that the Dow Jones does not stop at 34000 points and crushes through that zone like Shaq used to do back in the day. If the Dow manages to also crush the resistance at 34336 points, our alternative scenario will prevail and bring even higher quotations. In our primary scenario, however, we believe that we take a long road here and that the Dow...
I think a nice correction back here to the inverted head & shoulders neckline is coming. Would be super bullish and set up for the next parabolic move towards 4600. We have the Fed buying bonds 20-30yr in order to implement YCC. We have also the fed stating the inflation is not a concern. (Which is B S IMO) We have a reopening economy, entire world soon to be...
Looks like we are in the end of an extended wave 5. Looking for a market top coming in the next year or so. Retail reddit traders blowing up stocks is a clear sign that we are in the final impulse as retail traders don't typically get personally involved until the end. Also the hedge funds getting margin called is a warning sign that people are...
The Dow Jones is going to experience its biggest crash in history in just about a week. No, we’re just kidding. It’s April Fool’s Day, folks! In reality, we expect the Dow to further grow and expand all the way up to regions around 34000 points. After a short correction, we are set to tackle all-time highs above that level, too. Happy Easter Holidays!
The Title Chart is the DJIA/Nikkei225 - the best of them all. Here are the rest; This one is not very representative since it reflects the weakness in the Pound. Still, it is a country-mile better deal than holding the Dow (Long). Well, you get the idea as the rest of the worldwide indexes reflect the same story, across the board. (With the Asian Indexes...
The main stock market Indices had a strong session on Tuesday as Treasury yields backed off a bit. Dow Jones hit a record high before backing off with expectations that The House will pass the vote for the $1.9 trillion Biden stimulus bill on Wednesday. Technically speaking, the price made a new historical high, reaching the 32180.0 level. At the moment it looks...