Dow Jones (DJI) broke on Friday above its 1D MA50 (blue trend-line) for the first time since April 10 and even though it failed to close above it, today has already established the price action above it. This is a strong first bullish signal but isn't enough by itself. Even though the 1D RSI has already turned its MA from Resistance to Support, we need to see a...
Despite the cluttered chart I think we have a Fib confluence area build around two common harmonic patterns - Gartley 222 (Redish area) and the Cypher (Blue area). Whether you sold the 88% retracement ()In the CYpher scenario or the 78% retracement ()the Gartley scenarioI think we have a good scenario for a short trade. Protecting stop at 1 to 1 then and aiming...
Executing a Scalping Position on US30, the price initially reached 38570 before experiencing its first retracement. Currently, the price is undergoing a pullback at the 61.8% Fibonacci level, coinciding with a Bearish order block. Our focus lies on anticipating a rejection of this zone and identifying a new CD Leg Fibonacci extension.
Dow Jones (DJI) gave a solid short-term sell signal on the MACD Bearish Cross last time we analyzed it on the 4H time-frame (April 24, see chart below): Similarly, it is flashing a strong buy signal now after the 0.236 Fibonacci rebound that keeps the price action above the 4H MA50 (blue trend-line), in similar fashion as September 14 2023. The 4H MACD even...
Dow and Rusell2k have rallied back and may be finding seller supply at current levels. If prices go lower and fail to hold recent support, then an extension of the down move could be in play. The majority of the gains stocks have been from the ai and magnificent 7 stocks (nvidia, amazon, tesla, microsoft, apple, google, meta). These stacks are a larger...
Following a successful sell signal at the top of the long-term Channel Up (March 28, see chart below), Dow Jones (DJI) is staging its first attempt to resume the bullish trend: Observing past behavior in similar circumstances often helps at making such projections, so we placed Dow's previous correction in August 2023 (right chart) next to today's. The key...
Dow Jones (DJI) hit the 38050 Target that we set on our last bearish call (March 28, see chart below) and broke below Support 1 (February 13 Low) and the 1D MA100 (green trend-line): The price now faces more selling pressure being below two MA periods and with the long-term Channel Up (started on the October 13 2022 bottom), having considerable downside to...
Dow Jones is almost oversold on its 1D technical outlook (RSI = 31.431, MACD = -279.330, ADX = 39.462) and is approaching our TP = 37,300 that we called nearly one month ago. The target will be a direct hit at the middle of the long term Channel Up and approach the 0.382 Fibonacci. As long as the 1D MA200 supports, we will then reverse to buying, at least on the...
#BTC #Bitcoin #Short #Long #Setup 10 Result + 'New 11' #Eddy It's you & Setup 11 :-) (( Considering the structure that has formed in the market, I expect the price to return from the entry point of the new setup "11" to the range of 74,000 to 75,000 dollars. )) (( If you get pullback confirmation on the lower time frames, you can follow BTC to the new ATH....
Well, as you can see Dow Jones in the daily chart swept the liquidity and created a new all-time high, then had a bearish reaction and shiffed the market structure as well. after that, the price had a retracement from a bullish FVG to a bearish breaker block and continued to the sell side. For now, there are two different bearish scenarios which I follow the...
Dow Jones (DJI) gave us an excellent sell entry following our last analysis (March 28, see chart below) as it got rejected and made a bearish reversal exactly where we expected it to: Last Thursday it even broke below the 1D MA50 (red trend-line) for the first time in exactly 5 whole months (since November 03 2023)! This is a bearish break-out confirmation...
YM (DOW 30), 4 Hour, Indicators: This is what I need to see turn to get confirmation on our short position up here. The 4 hour is still locked in "embedded" mode on the slow stochastic. My bet is that this is going to come off "embedded" and in the process swing back to the middle of the Bollinger band. . . if that happens, that would take us back to 39921 . . ....
The Dow Jones Industrial Average has shifted into negative territory, experiencing a notable downturn following a double top formation around the $40,000 mark on April 1st. As of the time of writing, the price has descended to $39,179, exhibiting a reaction near the neckline of the price pattern. This development prompts a strategic approach based on Fibonacci...
Dow Jones reached the top of the late 2022 Channel Up and is already on a 3day rejection. If it crosses under the MA50 (1d), the strongest short term sell signal emerges. Trading Plan: 1. Sell if the price crosses under the MA50 (1d). Targets: 1. 38050 (Support A). Tips: 1. The RSI (1d) is testing the 58.47 level. Past breakouts under this level have coincided...
To me this looks like its about to rip. If it gets above $13 you're looking at a move straight to $52 no pullback and then maybe $120 after that. We can reassess at that time. It looks like a nice V shape recovery and could be putting in a right shoulder on the inverse head and shoulders. Or a cup and handle whichever you want but the measured move would be...
there are stocks driven by MARKET .. meaning float is out in the public that normally has a DRUNK price action with gaps and erratic volume there are issues with an assigned Specialist that can TRADE or CROSS huge volume without moving the price or go beyond a range RANGE highlighted ones have been decided by both the MARKET and the MARKET MAKER best of both...
Dow Jones (DJI) is approaching the top of the 1.5 year Channel Up, while at the same time holding the Inner Higher Highs trend-line. The 1D MA50 (blue trend-line) Support is getting increasingly weak as it is now on the 0.786 Fibonacci retracement level, the closest it has been to the price action since the the November 2023 break-out. Technically this is as...
41k is a massive resistance price target meaning, it is likely to hit allowing exits at profit. If it hits there is potential to see it bounce around even as high as 54k in a short term, but ultimately, at some point it will need to retest the lower end price targets. If it were to do that sooner rather than later, it allows for a more natural growth in the...