DJI double top pattern formed. Look for support on the 50,100 or 200 day SMA. More support lines indicated w/ magenta lines. This can't go up forever. This is not financial advise, because I am not a financial adviser........ I am just a dude.
The DJI broke out of its little consolidation I assume we will probably see a Bullish Move to at least around 2700,
DJI VS GOLD You probably noticed news media screaming about upcoming recession recently... Weird right? Sure is, because that's not exactly what is happening behind the scenes. In reality we are witnessing what is called 'economic reset' also known as financial systems reset. That means that even though recession like impacts are likely, you're not exactly going...
On Monday I am targeting a finish just over 25,000 but not by much, followed by a slight relief rally to trap bulls further before coming down further. My target is near 24,000 +/- 50pts by the Fed meeting in mid September where as a result of the stock market on the verge of collapsing, and the trade war escalation, there will likely be a 25bps cut. However, I...
It is a good opportunity to buy the dip at 25480 level. The stop loss is placed slightly below recent low 25300, the target is 26200. This trade has a very attractive risk / reward ratio of 1:4
Hope you guys enjoy the video, be sure to leave a like, comment, and follow for future posts! The Dow Jones was down about 600 points today as President Trump continued his sparring session with China, and increased tariffs yet again. We can see a dangerous M forming on our 1 day time frame and I indicated crucial support levels with the fibonacci as well...
The Dow Jones has been all over the news as always, but very volatile as of late. With trade wars escalating, the question of a recession is at the front of the headlines. If we look at our 1 day time frame we can see our fibonacci retracement level right below the dashed line I put on the chart. This is the danger zone. Looking at the chart pattern we can see...
Elliot wave patterns always move in the same specific way. In a 5 wave pattern which will inevitably be followed by an ABC correction. The textbook example of the pattern is shown right below the monthly Dow Jones Chart. The Dow Jones is a compilation of the top 30 stocks. A crash in the majority of these stocks would rock the global economy in ways that we have...
Trend is down and but at the same time don't forget about the uptrend. Interesting to see if history(Jan-Aug ,2013) will repeat itself Trade with care Milad Jan - Aug 2013 Jan - Aug 2019
I review some of the potential moves on DJI and probabilities (not predictions) ahead. Importantly price has violently punched down through a daily investor zone. The weekly and daily time frames create probabilities for the south on lower time frames. This is both an opportunity and risk. Have a look and get ready. Disclaimer : As usual if you lose your own...
I assume based on Dows failure to rally, perhaps this is a sign that market wants to turn around At each test of resistance, after dropping more than 500 points, the market has continued to push bearish as well as the Divergence also validating the direction.
So as we can see at the fundamental analysis we see rate cuts and the trade war on the table. I think that we can assist to a down move on the MN, W1 and D1 chart, but at the same time don't forget about the uptrend. Enjoy it and have fun!
get it not financial advice
THE DOW JONES INDUSTRIAL AVERAGE INDEX DJI OUTLOOK MONTHLY CHART
The Dow Jones hit historical maximums. I believe this is just a bull trap and a big fall is on the cards. We see on the chart a big RSI divergence and the price printed somewhat of a doji just before season earnings started. Also MACD (not in picture) confirms the bearish momentum. It has been reported that earnings this quarter are going to be pretty bad and...
DJI , short to 26225 as first target , market priced all the good news, any bad news coming will be huge negative effect specially china trade war front , trade with huge potential as far as i can see . Good luck all
Since last recession(2007-09) DJI have been growing steadily in last 10 years without any break. All impulsive trends comes with pullback/recession/ and DJI is no such exception.. If dow jones cant hold above the redline (21640) we might see big down trend coming in markets which has already been started. Few...