Looks like a bear flag formation on the Dow Jones Industrial Average - Channel lines up perfectly
We would need to wait until retracement completes. Wave 3 should completes soon. And the retracement will take over. There was a complex Wave 2, So according to Rules of Alternation, Wave 4 should be Simple. A Spike retracement may happen. Good luck
Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the count, the main waves 1, 2 and 3 of this process have ended and now we are inside wave 4. Wave 2 has had a shallow and short correction, and accordingly, Wave 4 becomes deep and long in terms of...
As we all clearly feel these days, the markets are knee-deep in a phase of correction. We know, this can be alarming, but never fear! There is hope for rescue! It’s a bird! It’s a plane! It’s Superman! Like Superman rushes down to catch his crush Lois Lane in free fall, Dow Jones has rushed down into the orange-colored zone between 33518 and 32614 points. And just...
Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. This index has almost the same form and structure due to the convergence with the spx index in the count. In this structure, the main 1 and 2 waves are formed and the 3 main waves have completed their 1, 2, 3 and 4...
DJI have important support at 36000 According to the chart we should bounce from 36000 and retest previous all time high. On the flip side closing below will accelerate selling pressure and we can see 34900 level near future. Consolidation near 36000 will decide further move.
Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In this index, only the main 1 and 2 waves are formed and from the 3rd wave, the 1, 2, 3 and 4 microwaves have ended and are now inside the 5th wave. Wave 4 of wave 3 consists of three waves, two of which are...
as we can the there is a bearish divergence between Price and MACD, which is the sign of trend reversal and we can predict the 61.8% of Fibonacci retracement as one of our TPs so soon we shall face an other recession how big this time. we shall see. if 61.8% Fibonacci retracement stands then we may go for a bullish rally and if not and braked down then a huge...
Did you have plan for US30 ? Here's Wyckoff analysis for US30 today. These are the prices that we need to pay attention to. We'd like to see price re-test Last Point of Supply Let's wait and see how the price reacts at these levels and plan accordingly. If you find the article useful or interesting, Let's comment below...
Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave count that has been done. The main waves 1 and 2 are complete. As we said in the previous analysis, it is possible that the main wave 3 is not over and we are in the wave 4 of the 3rd wave. From wave 3,...
Blue line is SPX orange line 10yr Bonds. There is a divergence here, question is do the stock markets and bond markets come to BTC or does BTC come up to meet the stock & bond markets? Thoughts?
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. The wave count we did did not have a natural form and was based only on the slope of the waves In this count, waves 1 and 2 are perfect in our opinion. But we can not be sure of the end of wave 3 and we can guess...
It is currently not really easy for the Dow Jones. The bears are bothering the course. However, we expect the course to rise again and surge past the resistance at 36446 points. If the course falls below 33928 points, we will see another round of corrections. Got all your gifts already?
This is what I think and plan for entering a short trade
Notice the BTC orange line is almost exactly the same as US10 yr rates, so rates up BTC & stock markets up rates down BTC & stock markets down.. recently dumping rates 1.34% needs to hold or things in the stock market & crypto markets could get ugly.
From the beginning of 2021, Dow Index has risen around 20% from the bottom to the top, which is phenomenal. However, looking closely at price development, since 10 May (yellow line) the rise counts only 5%, and since mid-August's top( green line), ONLY 3%. This for me is a clear indication that the bulls are very tired and in need of a correction. After the recent...
Dow Jones #DJI is bouncing of the 200 DMA after Doji reversal candle. Exit or reduce short positions! Disclaimer! I´m not a financial adviser. For educational purpose only! You can use the information from the post to make your own trading decisions. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.