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...
As mentioned that the price of US30 is expected to take rejection from 33000 or 33500 in case of a false breakout. The goal was 32500. The trading strategy for today is again short at strength. My idea is to take entry at resistance of 33000 and 32500 with target of 32500. If you like this or if you think the opposite of this or if there is any other opinion,...
Stocks have retraced, hitting our exact target of 4068 and finding support. Recall that this was the head of the inverse head and shoulders pattern that failed mid May. Failed inverse H&S patterns are usually bearish omens and stocks were in the doldrums for basically the rest of May. However toward the end of the month, we were able to break out, but 4068...
All major indexes looks very bullish. We decided to buy US30 on NY opening. Entry - 33095 Target - 33712 Stop loss - 32680 Good luck, traders! Please, support this signal with like and comment!
Stocks appear to have topped out for now just under our level at 4214. We've since retraced, finding support at 4122, just above the vacuum zone to 4068. We are seeing several green triangles on the KRI which confirm the support. It seems that stocks are ranging and establishing value between 4122 and 4178. Optimistically, we might be forming a bull flag...
Like I said in my last analysis on DOW, it might face resistance at 33200 level. So, I'm taking a Neutral stance and smart money can be seen at Current market 33200 Straddle.
Dow jones Futures are facing resistance at 50% retracement zone. We may see sideways move for few days
The S&P 500 has broken out of the malaise it has held all of last week. China seems to be reopening which has investors breathing a sigh of relief. After the inverse head and shoulders breakdown, we saw tremendous resistance and stocks were in the doldrums, hovering in the 3800-3900 range with 4K a hard upper bound. The neckline of our failed inverse H&S...
As you can see Silver has been in this long 40 year plus cup and handle formation. It looks like its playing out perfectly. It may take 5 to 10 years but Silver will go to $600 plus in my opinion, possibly over $1000. Let me know what you think, and leave a comment below. Follow me for more analysis and updates. This is not financial trading advice, just my...
This is my prediction of the DJI from a technical analysis point of view. So many confluences line up for this to happen and would mean Dow would never actually enter a bear market bottoming out at around 22%. 38 fib from top to covid bottom. It WILL react from this level, how it's obviously unpredictable and that's where fundamentals come into play to...
DONT PICK REVERSE SELL , looking for buy in deep , wait OK verfy comes ok =buy pinbar on higher time frame or price break upper trendline in 15min chart if you have old sell , close it near 32800 good luck , technical say dow can go to fibo 161% = 38000
Hello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
DOW faces a huge resistance at current levels 33200, if it is able to surpass it on Monday on Upside, then strong Upward momentum can take it upto Big sellzone between 33800 & 34100 which is a very strong Resistance on Daily/Weekly timeframes.If Dow can surpass this sell zone with Good Volumes, then Dow can finally move into Uptrend and next stop would be 35300...
Hello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
Bitcoin is just getting warmed up in my opinion. I mean look at the charts when you compare fractals (human psychology/emotion) which usually always plays out, you'll see compared to the S&P that Bitcoin is only in the second impulse wave on higher degree of trend. I see Bitcoin going absolutely berserk over these next few years. You will see 1 million dollar...