With price bounding on the lower parallel of the Green pitchfork and with a new, fresh, Median Line (White) pointing up and intersecting with the Green Median Line, & Wave Strength is at lower extreme, I think the DOW is going to rally after its most recent beat down. The timing could be slightly off, but I think we will see a market rally over the next few days -...
A "head and shoulders" pattern is a technical analysis chart pattern that can indicate a potential reversal in a stock's price trend. It consists of three peaks: a higher peak (the head) between two lower peaks (the shoulders). The pattern suggests a potential shift from an upward trend to a downward trend.
However, the effectiveness of technical patterns like...
Hey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 33900 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 33900 support and resistance zone.
Trade safe, Joe.
Hello Traders!
On Thursday 27 July The US30 Price Reached A Resistance Level (35877-35657).
Currently, The Price Broke The Support Trend Line 📉
Moreover, The Key Level (34574 - 34309)
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 33780🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The surprise played out and the 3 waves down unfolded in 5 waves which means we will get an ABC correction instead of a WXY. However, wave A down looks mature and we might see some upside now as wave B.
For whatever reason, the thing about traders is they don't like to go short and they don't like to buy puts. This is primarily because of being conditioned by the market makers during bull runs and bull impulses that it's just literally lighting money on fire.
And so once a real correction begins, some people buy the dip the entire way down, averaging down,...
I have been keeping a close eye on Dow Jones ever since it was about to finish its Wave 3 which I mentioned in my previous analysis stating that the correction is incoming.
Right now, I am anticipating bounce from current region as much as 100%+ of Wave 3 making the overall market structure to be Expanding Diagonals.
I have mentioned my primary Wave and Sub-Wave...
Dow Jones (DJI) is consolidating under the 1D MA50 (blue trend-line) for the 5th straight day and is doing so near the bottom of the 5-month just above the 1D MA50 (green trend-line). The latter has been intact since June 02, so technically we are at a very strong Support zone. In fact August's decline so far has been the strongest technical correction since...
The corrective structure down might be finished. It looks mature on both the 4h and 1h timeframe. The surprise would be that the 3 waves down are unfolding in 5 waves which would mean an ABC correction instead of a WXY.
I have been waiting for the short entry for quiet sometime on US30. I was expecting it to fall down yesterday after completing the wave structure, but it was not able to hit the minimum upward target of Expanding Diagonals we are seeing in our last wave.
I am expecting US30 to move upward 1 last time from here followed by the downward correction which can last...
Jerome Powell thanks retail for shorting the M2 debasement.
Now watch in suspense the next months unfold of non stop SPY rising and the market try to figure out what's going wrong.
Welcome to the roaring 23s and welcome to start of the final bubble.
Once that 8% gap is taken out I suspect news to start breaking it and the "TLT bulls" will get a shock when...
US100 is currently testing a solid horizontal resistance.
The formation of a doji candle on that indicates a local equilibrium between
buying and selling volumes.
To sell the underlined structure with a confirmation,
monitor 4H time frame
The index formed a double top pattern there and consolidates.
Bearish breakout of 14880 neckline and a 4H candle close...
When I made my July 29 call on the ES SPX Futures here:
SPX - The Sound of a Shattering Iceberg
We had anticipated that a retrace to the highs or a raid on the highs was on deck.
And yet throughout August, price action has been extremely bearish across all commodities, indexes, equities, and bonds.
We very suddenly went from talk of a new bull market to a...
Last week was volatile on the markets. Many indices have been corrected (a fall in value after a previous period of rise).
The fear of interest increases following the speeches of the members of the FED and the Chinese economy which worries despite the support plans of the Chinese government.
I am therefore focusing today on the Dow Jones.
Founded in 1896 by...
DOW JONES is once again rejected by the support area of 34236 - 34310. This second rejection is observed to be stronger, increasing the possibility that DOW JONES will be carried upwards, similar to NASDAQ in the coming days. The current price is within the range of 34310 - 34574 with the 8-period moving average (MA8) acting as resistance. There is a significant...
if news not come, we will see up trend soon to Fino 61%
if you have old buy, must put hedge selstop in low( break low= new downtrend)
if you have old sell,you must hedge them now and wait 3 week for next trendline break to down
good luck
