The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
The Dow Jones index (DJI) has broken below the long-term Higher Lows trend-line and has transitioned into a Channel Down. The current Lower Lows leg is approaching not just the bottom of the Channel Down but more importantly the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). The latter in particular provided a Double Support Bounce on (June 01 and...
The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
An important thing happened on US30 Index. First, the index broke and closed below a major rising trend line and closed below that on a daily. Second, a key horizontal support was also broken yesterday. The broken support and a trend line compose the expanding sell zone. I suggest shorting the Index from there, expecting a fall to 33700 support. ❤️Please,...
US30 is on a key horizontal support. The market looks quite exhausted after a strong bearish movement. I believe that due to the absence of important fundamentals today, the index may bounce to 34250 level. ❤️Please, support my work with like, thank you!❤️
Dow Jones is waving a strong bearish break out signal as it crossed under the bottom of the 6 month Channel Up today and most likely will close that way. This means that the trend is shifting to bearish on the medium term as a new Channel Down could emerge. Trading Plan: 1. Sell on the current market price. Targets: 1. 33840 (MA200 (1d)) and if it breaks after a...
The primary scenario is now calling for a triangle as a wave ((b)). We are still missing the (e) leg before we break down as a wave ((c)).
Dow Jones crossed again over the former Falling Resistance after making a bounce near the 1day MA100. This is the third time this level holds in almost one month. This keeps the long term Channel Up pattern intact. The 1day RSI is on the exact level of the June 2nd break out, showing a high level of symmetry of waves inside the Channel Up structure. Buy and...
The Dow Jones has recently breached a bearish flag pattern, leading me to anticipate a shift towards a bearish trend following nine consecutive weeks of bullish performance. There are several factors aligning to suggest that the Dow Jones may embark on a downward trajectory. Meanwhile, the outlook for gold appears favorable for long positions, signaling a...
The primary scenario is now calling for a triangle as a wave ((b)). We are still missing the (e) leg before we break down as a wave ((c)).
Hello, Welcome to this analysis about the DJI - Dow Jones Industrial Average Index. An important index in the stock market and as we have seen an absolute recovery since the heavy corona breakdowns that hit global financial markets at the beginning of the corona pandemic last year there developed unhealthy movements within the market as the stock market moved...
The primary expectation is that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)).
The primary expectation is that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)).
Dow Jones is having a sharp opening pullback on the 1H timeframe but remains on a bullish 4H technical outlook (RSI = 58.586, MACD = 126.970, ADX = 41.565), as the HL trendline of the Bullish Megaphone is holding. The reason for the pullback is the rejection on the R1 Zone (35,100 - 35,030). A 4H MACD Bearish Cross will most likely take the price to the HL...
For traders (lower timeframe): The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)). For investors (higher timeframe): In the higher timeframe, investors should wait for the...
________________________________________________________________________________________________ Hi Traders, this is a signal I give to you for free today. The DOW INDEX has formed a clear triangle breakout with volatility and completed above the 400-EMA where entry with pull back is...