We are presently analysing the US30, which has recently reached a critical resistance level. In the video, we conduct a comprehensive analysis of the Dow Jones, delving into various aspects including the prevailing trend, support and resistance levels, market structure, and price action dynamics. As the video nears its conclusion, we carefully assess a prospective...
The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
In the previous Dow Jones analysis I shared some weeks ago, I was expecting market to continue its bullish move more than what it did. But since I bought near local low at that time, I was able to get out of that trade in profit. The market then formed Triangle pattern and decided to go downhill from there which we have been seeing recently. Last Friday, I was...
The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
Dow Jones (DJI) is rising following a vastly oversold 1D RSI reading (reached even 23.60) at the bottom of the (blue) Channel Up. Based on the RSI pattern itself, we can draw comparisons with the December 2022 - March 2023 correction. According to that the 1D RSI has one more Low to make before it bottoms and that bottom will be leg (e). This will justify the...
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
Dow Jones (DJ30) could rise towards an overlap resistance and potentially reverse from here to drop lower towards our take profit target. Entry: 33279.95 Why we like it: There is an overlap resistance that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 33798.50 Why we like it: There is an overlap resistance that sits above the 38.2% Fibonacci...
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
The dow broke below the Symmetrical Triangle and it was beautiful text book style. We set the first target at the bottom of the pattern at 33,607. Now that the momentum is still negative, we can expect it to head to the next target at 32,622. The signs are all bearish and this is one of those hold and adjust stop loss if need be.
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)).
Dow Jones failed to close Friday's 1D candle over the 1D MA200 and opened the day lower. The 1D technical outlook remains bearish (RSI = 33.039, MACD = -323.740, ADX = 47.730) as the medium term Channel Down is still holding. A crossing over the 1D MA100 reverses this. Until then we can expect the decline to continue until it tests the HL trendline of the Channel...
Hello There! Welcome to my new analysis about HD on several timeframe perspectives. As the whole stock market is moving into a decisive phase where more and more mixed sector stock developments emerge with many sector stocks to increase a bearish possibility while others still remain in a major bullish condition it is highly necessary to consider those stocks...
For traders (lower timeframe): The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like wave ((c)) is still missing a fifth wave down. For investors (higher timeframe): In the higher timeframe, if it plays out, investors should wait for the completion of the expanded flat pullback. The wave (2) area (in red) is a...
fade the bullish moves look for continuation down that is going to be the money maker shorting into resistance not longing on reversals
Dow Jones is priting a bottom on the newly emerged Channel Down which calls for a short term buy. The same kind of formation was witnessed in middle March on the long term bottom pricing when the (recently broken) Channel Up started. Trading Plan: 1. Buy on the current market price. Targets: 1. 34400 (MA50 1d). Tips: 1. The RSI (1d) is on the 30.00 oversold...
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). Wave ((c)) should unfold as five waves.
Dow Jones / US30 hit the bottom of the Channel Down that is correcting the index to the Rising Support of the larger Channel Up pattern. It did cross under the 1day MA200 (bearish) but on the other hand the 1day RSI is rebounding on the Oversold Support (bullish) like on the March 13th low. Keep a tight SL on the low of the bottom candle and buy. Target 34400...