Here the turning point sin DJI
and new lows
But with the real points where you had the chance to trade that system.
In many cases the shwon trades of trading services have never been
there in realtime.
In also many other cases it has not been for normal traders
any chance to do it like the pros.
But here you are able if you...
Hello everyone who is watching my charts.
Here is the update to the end of today's DJI trading day
The situation remains unchanged.
What should we pay attention to on Monday?
We now have 2 long trend lines
the one in the steep Long channel I have marked blue.
But I'm afraid this steep uptrend will not last long.
But below that we have an interesting 2nd...
Now we have an interesting sign here.
DJI has break ot of the short channel (i have marked them in red)
and comes bak to our well known blue trendline from 11.3.2019
Thats a really strong sign.
DJI managed not only to go sideways out .
Strong up and trading along the long line in blue.
I exspected now higher prices
Also to notice
We have taken out the...
DJI has managed to get our off the sharp short channel
i had marked fe day ago into a more wider short channel
now i have marked in red to see them easily.
But since 2 days we have also an established long trend
to see at the blue long trendline which i have marked
as support on the long side.
Now we only can wait what will happens next.
a) a brake of the...
In the opposite direction to the Nasdaq situation we have here now the DJI.
DJI is still caught in the bigger short channel i have marked in red lines.
He tried to go out at end of yesterday and start of todays trading but
the outbreak failed.
Now the upper line (i have matrked the channel in red lines)
is the important resistance line for the ext trading...
DJI is now rading in he new short trendchannel
i have marked them with red lines.
These channel is split in a smaller more shorter range
i have marked ht upper line of that part of channel in purple and the its own lower side , marked in red.
So in a few words:
Between the lower red and the purple line
has been the shortest range.
1 Time Buyers have tried to...
At end of trading day 7.3.2019 there is now really news to tell. We have
established now a new short downtrend channel
i have marked in purple to have a road for the next days.
There is also as you can see a trend resistance channel with
a deeper fall, i have marked with orange resistance line.
I think in 1 of these channels we will se DJI tomorrow
Exactly as described in the last Ideas
the DJI is in Short Mode.
I have added the new short trendline which is very steep.
Maybe the will break and we eill get a more flat short lower trendline
but that will not change the setup.
The Make or break is again 25890
If its going not above thet level the setup still is short.
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...
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...