We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing a finished WXY corrective structure. This could mean the start of a wave 5 up.
U.S Equity Index’s Overview – A Repeating Pattern The Bull Thesis – Ascending Triangles The 200 day (blue line on each chart) is squeezing price up towards each red resistance line making each chart look like an ascending triangle (evident on every chart). With the 200 day as underside support for price and the 200 day sloping upwards, things remain...
Dow Jones (DJI) started a strong decline since our December 29 2023 sell call (see chart below), the strongest since the remarkable rally started on the October 29 bottom: On today's analysis, we want to look into the same market dynamics and the pattern we drew 10 days ago but this time on the 1D time-frame. What stands out the most is that this time on the...
Late trigger but it was amazing forecast and mid analysis. Here we are now looking to scale in and do more. Move SL into profits we do not run a non profit. 37600 - 37630 (Area of significance) - bounce and rejection, with candlestick confirmation is a move up - impulsive candlesticks down and rejection means we are drowning price again.
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing a finished WXY corrective structure. This could mean the start of a wave 5 up.
Hello Traders ! The S&P500 Reached A Resistance Level (4777.47 - 4817.20). Currently, The Price Failed To Create a New Higher High. The Last Higher Low is Broken (ChoCh) 4691.98 - 4702.18. So, I Predict a Bearish Move📉. Let's Wait For Retest... ----------- TARGET: 4642.00🎯
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing a potential WXY corrective structure.
This big boys came to play with NFP but was equally sorted out without regret. 4H -Serious Doji - Hanging man as the closing candle * Evening Star 1H * 3 touches on either side of the channel * Bearish channel confirmation * Rection and close under 37500 - 37400 can be the next resting place - 37300 is the next significant level should it fall 15Min - Price in...
Overview I decided it was time to start taking control of my own retirement account. For years my account has been pulling in mediocre gains and the only reason I've put up with it for so long is because: 1) it took me years to hone my trading skills and 2) my employer matches my contributions. Well, after reviewing my available fund allocations and performing...
We are heading towar a major support looks like Q1 will be RED.
In this video, I elaborate on my anticipation of a significant downturn in global markets and discuss how it might usher in a new era in the financial system. Since the Global Financial Crisis (GFC), central banks have consistently deferred addressing underlying issues, but it seems we have reached the end of that road. The only viable path forward appears to be...
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing an ending impulse. The high could hold or alternatively, we might see a fifth wave to end the impulsive structure.
On Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing concerns over "a steady deterioration in standards of governance." This downgrade occurred in the wake of last-minute negotiations among lawmakers to secure a debt ceiling deal earlier this year, which posed a risk of the nation's first default. Following a similar...
Hello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing an ending impulse.
Not the week of being a chancer, and we clearly see that. I think I had stated because of the RR I will not take this trade and I am happy I did not. Was tempted to place an immediate entry after posting this forecast. Good thing we are here to learn and be better every single day.
Reverse Cup and Handle formed on Dow Jones. The price broke up and since then has been rocketing to its first target at 37,242. Now that it is the new year generally we can expect the January Effect to kick in with enhanced optimism and positive buying. I don't like the USD looking to strengthen though, that might change the course. RIght now I don't have...
Us30 has been on a steady uptrend over the holidays which typically host a lot irregular movement entering a new year and business quarter. With that being said we've been creating new All-Time-Highs for the past 2 week, representing the optimism still in the market with hopes for continued rate cuts. We could likely see buyers begin taking profits at these new...