As per our last post we clearly mentioned (iv) is completed, Dow jones enter into the Final leg of (B) wave. In that final impulse wave, wave 3 is completed. Dowjones enter into the counter trend 4th wave. We expect 5th wave could be extended one, target for this wave 18575.
Dow Jones Elliott Wave Analysis As per my Elliott wave count final leg progressing. second half of the year could be very negative for stock markets.
DOW JONES Elliott Wave Analysis As per my elliottwave count US30 completed (B) of c of (iv) wave. Final leg is progressing, Projection for this wave 18575 and expected this as high as this year. Second half of the year could be very negative for stock market.
Dow hits fractal buy signal and immediately retraces during the following week. Internal correction isn't overly harsh yet, hold on to longs if you trade this timeframes, new ATHs still not far away, let market breath.
I have identified the market to be in a running triangle. You can see how the first 4 waves of this triangle subdivides into 3 wave structures. Right now the market is completing the "D" wave. This wave can rise even further to all time highs. If this does occur then this will become an "expanded triangle." However, this wave can end at any moment, thus...
DJIA ended last week on a softer note, although losses were moderate, courtesy of Friday’s rally. Major European markets are trading on a strong footing today. Chinese equities slumped more than 2.5% after government mouthpiece said the nation is likely to see an “L shaped” recovery. An L-shaped recovery means a plunge in key economic measures followed by a...
We have three head and shoulders patterns nestled within one another like Russian dolls. The first two patterns are now confirmed and have played out, and now a return to the neckline number 2 (yellow line) will give a good short entry for us to aim to break the third neckline (green) and continue a correction of the rise since mid February. If that third...
Use the chart as trading map for US30. 1. Green Lines\Arch - support areas where price can take support 2. Red Lines\Arch - resistance areas where price can get resisted 3. Yellow Lines - Trend changers 4. Blue lines - Lines where price can take support/resistance One can use this chart as trading map for next few months.
Resistance - 18004 (hourly 50-MA), 18,100, 18,163-18,306 Support - 17,943 (hourly 200-MA), 17,855, 17,785 (hourly 200-MA) Bearish break from hourly rising channel support, which pretty much coincides with 17,973 (hourly 200-MA) would signal short-term trend reversal and open doors for a drop to 17,785. On the higher side, a rebound from hourly 200-MA...
Please see annotated chart.
US30 Dow-Jones 17894 As we see over our previous chart, market managed to hold trades above support 17480 while broke the triangle formation as we see over the chart which managed to fuel the Dow rally so far market built support zone at 17690 – 17730 where as long as market holding above this zone will expect market to sustain advance toward 18000-100...