I was struck by the very low volume on the 500-point drop on Friday Dec 14th, the marubozu pattern (no tails), and the fact it was at channel bottom. All these suggest a pull back up.
We are still in the big zigzag wave three. After the coming Small abc wave, coming the last downward wave complete the wave three.
Mid-terms behind us, upward pressure continues after gap up. Predicting new highs by the years end.
DJI (DOW JONES) has made some retracement expecting a small reversal again before the bulls come back in SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Gaps are being filled. The election will be the decision maker.
any close below medium term trendline (red line) will confirm medium term breakdown, and any close below blue line will tell us is a double top topping. 2019 gonna be interesting.
Cant get much better than how this trade I spanning out.
All I have to say is. R.I.P US economy. I don't care about the fundamentals only that the effects of the fundamentals are forecasted into price. Price tells mee all I need to know about the fundamentals and I don't even need to look at the news to tell you that we're in for a rough time. Look so very like Wyckoff distribution on the weekly. 6monthly chart looks...
DJI (DOW JONES) should be retracing to Fibonacci retracement level of 0.618 as per the blue arrow. Also Stoch RSI is going is also on the up See previous analysis PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
There is a negative divergence for the RSI; also it seems to form a head and shoulders pattern. There is quite a probability that monthly candle might form an engulfing bear, if you see that, it is a good sign of entrance to bear market.
In recent weeks, October 10-11 to be exact we have observed an over 1200 point drop as interest rates have risen. Do you think it was just an accident? Well many will tell you YES, it's just a short term downtrend, but what did many 'analysts' say? They said that this is a 'short' term correction. What is our 'key phrase' here? 'Short' term. When it comes to...
According to the trend lines a break down is imminent, chart is self explanatory. Only after 23400 is broken a total collapse to 2017 levels is possible.
DJI has a massive Bearish Divergence on the weekly. RSI shows a top rejection. Looks like the perfect storm for an economic crisis.
Dow Melt Up ? How much inflation can they stuff into stocks before investors & traders wake up to the fact that PE ratios are in bubble territory !
DJI is at a strong resistance and the top of a wedge! We can assume the price will respect the wedge and target the bottom of the wedge. The trade is how ever risky since there is no real pattern to confirm we will fall to bottom of the wedge expect the fact we are hitting resistance. If you want to be safer wait for the smaller wedge to break that is withing the...