Volatility in stocks has continued to consolidate, and we are broadly forming a pennant pattern. We are seeing consistently lower higs, starting from 4214, which is the level we must break before attempting higher levels. The neckline of our failed inverse head and shoulders pattern at 4068, seems to be providing good support, and lows have recently tended just...
The benchmark index Dow Jones Industrial Average, or simply put DJIA has been an upside since late May and the question going around is whether this rise is for real is it only a retracement before next wave down. I believe the correction is most likely over and the bounce we have been seeing of late is indeed a market reversal. What you are seeing in the chart...
as predict before nasdaq in +up trend , it is in BOX RANGE now so we must put buystop on last high with SL= last low wait time =7 day use low size but wait more (dont close sooner than fibo 61% (after +80 point profit , move SL to open price,let it go upper) ALERT= nasdaq can fly up wild , if you have selk,100% put SL on last high 12800, break this number...
DXY USD is showing some weakness and overbought conditions on the monthly. The run is over for now ans this triple top will correct down to about 92.9 to 93.5 over the next year and a half. RSI has a fresh curl down and the MACD isn't far behind on its down curl. BBWP is at extremes on the way down as well. I show also just one of many examples of these...
The S&P 500 has continued the range between 4068 and 4214 or so. The upper bound of this range seems to be waning, with lower highs possibly suggesting we may be forming a bear wedge or flag. Either way, volatility does seem to be consolidating slightly, which in the long run portends a breakout. The Kovach OBV is drifting up, which may signify a bull...
US30 once again got rejected from 33300. My idea for today is that it will try to break the resistance of 33300 . my idea is to wait for the jobless claims and then take position after breakout or rejection at 33300. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of...
Stocks have maitained the range. Traders were hopeful yesterday as stock futures opened higher, only to sell off back to support later. We have retraced to just above 4068, the neckline of our failed inverse head and shoulders pattern. This should provide strong support and is somehwat of a significant level. If we are able to break through it is a bearish...
US30 took rejection from 33300 and tested the support of 33000. My idea is again entry at 33000 &33700 with the goal of resistance of 33300. If rejection is met again then I will take another entry at 33300 after confirmation of rejection form 33300 with target of 33000. If you like this or if you think the opposite of this or if there is any other opinion,...
Dow Jones (DJI) eventually rebounded at the bottom (Lower Lows trend-line) of its long-term Channel Down, since our last analysis that indicated a sold R/R ratio for going long: Since the end of May though, the index has failed just before a 1D MA50 (blue trend-line) test and turned sideways below that level. This is similar to the last Lower High formation...
Litecoin is really oversold and has been for a while now. On the weekly time frame there is major bullish divergence on the MACD that has been brewing for almost a year now. The last time this happened Litecoin had a move of about 600% up. The divergence has been in play for a long time and I believe this time we will see a massive move up like no other. I can...
Plenty of strength from the DOW. Looking to target and knockout the resistance/supply zone. Engulfing bull candle starting to form on the daily with bullish pattern/plenty of bullish momentum on the H4 intraday chart.
Stocks are maintaining the range established last week. We have good support from 4068, the neckline of our inverse head and shoulders pattern we noted two weeks ago. The level 4214 is providing strong resistance and is an upper bound for now. If we are able to break past it, then 4306 is the next target. The Kovach OBV indicates weakness, so we can expect the...
if big bad news not come , dow must go up to EMA200 DAILY near 33900 , technical say dow will see 34500 soon (if big bad news not come) good luck
Hello my friends, Everything is marked on the chart. Monitor the price's action in the circle. Good luck. If its useful please like it as a support and follow me to next analysis :)
US30USD YM1! DOW 2022 JUNE 06 Week Last week market was in rotation between 33205-32500. No resolution between Bulls/Bears yet. Hopefully early week big operators will show their hand. Possible scenarios considered are: 1) Market continue to be in rotation between 33205-32500 = Wait 2)32728 becomes support 3) 32728 becomes rejected and market return to...
XTZ Tezos USD had broken below the long time rising trend line area of support, breaking down out of the ascending broadening wedge thats been going on for the past few years. I believe the correction is over and this is a fantastic buying opportunity for XTZ. It corrected close to 50% from the initial break of the wedge, which is a typical and common percentage...
IBM has been in an ascending channel formation for a while now. We've had two touches and I believe there is one more then a correction to the bottom support line before the decision of whether this channel will break to the upside or whether we will break to the downside. Thats years away and we can revisit that then but for now it looks like IBM is about to...
Stocks caught a strong pivot off of our relative low. The relative low of 4068 is significant because it coincides with the neckline of the failed inverse Head and Shoulders pattern from last week. We saw strong support from this level as confirmed by a double bottom with two green triangles on the KRI. We are not quite ready to call a bottom for stocks and a...