Till the red line a fake bounce from there not recommended to trade my charts as I'm just a very much emotional and excited noob tc.
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ U.S. stock markets opened lower on Wednesday after data showing the U.S. inflation rate hit its highest in over 30 years, something sure to put fresh pressure on the Federal...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ U.S. stocks were higher after the close on Tuesday, as gains in the Basic Materials, Technology, and Healthcare sectors led shares higher. The Dow Jones Industrial Average...
Markets are strong and the outlook currently is very bullish. So anyone who thinks that markts will drop significantly in the mid to long term would be laughed at right? But i just cant help but notice that markets are way too high at the moment. everything seems pretty over valued - although market analysts will say the valuations are just about at the right...
dji intraday tips ..................................................................................
Dow Jones Industrial creates a double bottom and forms a long-term price channel in H4. The Index also completed a five-wave pullback sequence to the downside and could head back up if it holds above 33920
Who is a good boy? The Dow Jones is! Here, the top was perfectly hit and the following correction also evolves as planned – so far. We expect the course to drop below 34034 points and then attack new all-time highs. Let’s gooooo!
We are currently entering W4 here and I expect a EOY target of 40,000 plus
If the daily candle break the resistance. The scenario might be like........
Hello everyone , as we all know the market action discounts everything :) The Dow Jones Industrial Average closed at a record high on Friday while the market close above 35,000 for the first time ever, bringing its gain for 2021 to more than 14% clinches four consecutive days of finishing in the green, The DJI seems to be getting even more momentum by day and we...
After the recent correction, the Dow Jones is recovering again. However, we believe that there is still some potential on the downside until somewhere around 33299 points. Once within that area, the Dow can start its final recovery and push for new all-time highs above 35000 points. It is only important that it stays above 32902 points. Exciting times!
Coronavirus cases up 37% over the last seven days to 203,082 in the U.S. The resurgence in Covid-19 cases around the world could slow the economic growth. My price target is the $33200 support
Drink...my....HOT......KOOLAID!!!!! Just my observations looking back on all the events during this credit expansion cycle. VERY interesting when you look at the RSI indicator below. Look at all the historical market events that correlate to exact tests. ***The Cryptocurrency markets will lead the way off the cliff. We may have already started... I really don't...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE DJI INDEX FROM THE MONTHLY CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS...
I am OUT. This is getting crazy and I am pretty gosh darn confident in this count!! The RSI readings match the wave count as well. Red Box = retest of the momentum resistance, indicative of a wave 5. Yellow boxes = I zoomed into just that final wave 5 we've been in for 12+ years and it has retested 3 times! I'm seriously creeped out. *My theory is that once the...
Dow Jones continues to show strength, it's a slow mover as volatility is low for value stocks. - 3rd wave's peak may or may not have reached yet, but either way still has a 5th wave to complete before correction. - Green parallel zone represents bullish impulse still in place, upper line acts as resistance and below line also represents trend line of support. Enjoy!
This is an Update of the original post ; This is now at a 36 month Major Resistance! It is quite likely this will be the (very) long-term, final top.
Looks like we are in the end of an extended wave 5. Looking for a market top coming in the next year or so. Retail reddit traders blowing up stocks is a clear sign that we are in the final impulse as retail traders don't typically get personally involved until the end. Also the hedge funds getting margin called is a warning sign that people are...