As you can see in the chart, the price broke up-trend and probably is starting a new down-trend. The divergent signal also can be found in MACD-H indicator or RSI indicator. So, what's your conclusion?
might be a good option to start thinking to short DJIaverage now,
Its long but we have to check carefull the lower support line. If its break Investment should change to Short or Neutral
Hi traders, I see at D1 TF there is a potential reversal; so pullback area as depicted on the chart, take a look and keep shorting it. Happy trading!
Price has retraced to previous resistance turned support. Able to look for a countinuation long entry here. Cut if it makes a lower low.Exit at most recent high. Enter now SL 25881 TP 26066
Let's take a look at the dow jones. We see a destruction of the chart picture. The course has broken through the last low and caught again. should we see a lower high, the case is clear. We will see a clear downtrend trend (deeper lows lower highs). The 200 EMA was able to slow the Dow down (usually the course never breaks at the first meeting of the 200 EMA) We...
DJI US NFP is coming, be ware of the US data reveal. DJI have bounce for 5 weeks, it should have some pressures for this week. So, in my opinion, I would prefer short DJI at this week. Waiting for the turning signal, maybe in Wednesday. Support: 23340 / 23769 / 24260 / 24567 Resistance: 24930 / 25100 / :D
The Dow Jones turned bearish yesterday, indicating that a meaningful top could be in place at 24860 levels, but be prepared for yet another high around 25100 levels as well. Kindly note that a major price resistance is seen at 26000 levels, which is potential Wave (2) termination as labelled on the chart view here, and prices should ideally stay below that, to...
Hi all, First smash the like + follow and I'd love to hear any feedback. I'm open to hearing other ideas as well so comment away! Hope your weekend is going well. There has been a lot of analysis and debate in the crypto markets as to whether Bitcoin has capitulated or not. Is there more room for further downside? First my goal here was to find a proven...
Time to Open Short Position at DJI, 1hr chart, the end of 1 month bull market on the bear market.
The Dow Jones hits fibonacci resistance at confluence around 24000 levels. It could just be a matter of time, before bears take control back and continue lower, as Wave iii progresses. Believe it or not, the wave counts are clear as highlighted here, and a potential higher degree Wave (3) has been unfolding since the 26000 levels. Furthermore, a lower degree wave...
The Dow Jones inched higher to 24000 levels yesterday before closing at 23879 levels in the spot segment. If the earlier wave counts discussed were correct, the Wave iv projection stands invalid for now since prices penetrated Wave i termination at 23881 levels. As discussed yesterday, the structure still continues to remain bearish and in fact a lower degree wave...
Dow Jones remained just shy of the critical 23881 levels yesterday and reversed lower from 23864 levels respectively. Until spot prices remain below 23881 levels, we shall maintain a probable wave iv termination count as displayed on the daily chart here. Please note that even if Dow Jones manages to break above the wave i lows, the higher degree wave counts shall...
The Dow Jones managed to rally and close higher yesterday, making intraday highs at 23675 levels. It seems that the corrective rally (3 waves) that began from 21800 levels earlier might have terminated at 23675 levels, just ahead of 24000 as discussed earlier. We could still label this lower top as a potential Wave iv termination, and until prices remain below...
The DJI has formed a cup and handle pattern, watch for a breakout to the upside.
The Dow Jones is seen carving out Wave iv at a lower degree with Wave (3) as labelled on the daily chart view here. Believe it or not, the rally on Friday which saw Dow Jones closing on a higher note at 23430 levels, should not be considered as a change in trend. It could still be carving out a wave iv, as a potential zigzag and resume lower anytime soon. If the...