Ignore the whites follow reds atm. 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. Currently selling till 4 red. Would b buying from there at 4 in red till 5 red then towards 2 white and so on.
There is the probability for the completion of the first 5 ascending wave of 1 / A (Weekly Chart ) In the weekly chart, we had this wave counting, this uptrend is likely in the wave 5 from point of 1 / A. ( Daily Chart ) In the daily chart, with the end of wave 4 in the range of 18213.70, the 5th wave has started, currently the price is in the sub-waves of the...
See comments on chart. Election doesn't matter, I'm bearish on the stock market because of factors already in play. I also think this could play out much faster than over 4 years, as drawn. See related idea for S&P500 linked below.
TRADE PLAN FOR 18/5/20( MONDAY) 1. The chart I am showing is the daily chart of DJI . Here currently dow is in local distribution phase , where last leg of upwards move is going on. In fact intermediate corrective structure last leg. 2. This is irregular corrective pattern whose last leg is expected to go in red dotted upper micro zone . This the point where...
Hello to all watching my charts. Dow Jones is fine to trade by support / resistance and also trendline Trading. Look at the chrt for today. We have support in the aerea 26730 (blue line) and we do have a LONG trendline which is now 26855. But the the support levels to watch out. I count only END of 1 HR information. So a level below that which is...
The rally looked stretched already but a lower high seems to be carved by the Dow Jones at 25450 levels. The wave structure still remains intact with an impulse Wave (1), followed by a flat corrective Wave (2) that terminated at 26000 levels and Wave (3) underway with lower degree waves i and ii at place around 21800 and 25450 levels respectively. If the above...
Sometimes there are topside breakouts on broadening tops, when this occurs a parabolic spike almost always follows... If today is a one day reversal and the Dow blows through the top, here is my short term price target on the move.
As investors grow weary, and the fear lingers, as evidence from the remaining high volatility, I think we're going to see another panic drop to $23,500 again. Additionally, many are moving to bonds, which could be a factor in the impending drop. Another factor could be Trump's proposed tariffs. Lemme know your ideas below, -Kristian
Given the daily technicals as well as the fundamental / sentimental risk I believe the DOW is in for a leg down.
DJI is expected to RISE now. There are many reason why we feel it may RISE. 01. It is taking support at quarterly levels trying for a big jump. 02. Bullish engulfing in daily Chart. 03. May reach weekly target 16326 04. Stoch RSI (3,3,14,Close) states it may rise. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also rising. Keeping all the...