US30;TECHNICAL
BEARISH:FORECAST
US30 (DOW) failure on breakout could lead to a sharp breakdown
The psychology of an ascending triangle failure
If a bearish breakout occurs, a 1200 point move lower is possible….
Is the breakout to new all-time highs in U.S. blue chip names cause for concern? It will be if certain developments begin to play out soon. Volatility has...
The Title Chart is the DJIA/Nikkei225 - the best of them all.
Here are the rest;
This one is not very representative since it reflects the weakness in the Pound.
Still, it is a country-mile better deal than holding the Dow (Long).
Well, you get the idea as the rest of the worldwide indexes reflect the same story, across the board. (With the Asian Indexes...
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE JOE DONES INDUSTRIAL.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET...
The monthly Dow index is dominated by divergence, thus indicating the direction of the market, the same was in February during the covid-19 expansion (the market anticipates this a few months before and do not understand how it did so). With the formation of the divergence against covid-19, it began on September 04, 2018 (dark red) (blue line on January 2, 2018)...
Hey Traders,
So this is my analysis on the Dow Jones US30. Looking at this trendline from the covid crash to current then breaking below the covid trend line, I anticipate a drop then little bull trade and a further drop again.
Any comments?
Lets learn from each other guys.
Cheers to your profits.
Hi guys after Friday rout there are new developments in stock market indicies. Last week price action on AMEX:DIA formed bearish reversal pattern buying climax above upper megaphone pattern line at the top of rising wedge. This rising wedge is 5th Elliot wave which is signaling trend will reverse soon.
As you can notice in chart last week realized volume was...
I'm fundamentally and technically selling US30 next week. Following Biden's bombing of Syria we will see more and more market volatility and i think it will be to the downside. Follow me for more trading ideas, thank you all and good luck!
SHORT OPPERTUNITY LOOMS IF WE GET THE BREAKOUT/FAKEOUT AS SHOWN ON THE CHART UNLESS YOU PREFER TO WAIT IT OUT FOR THE LONG . OPEN TO ALL CONSTRUCTIVE OPINIONS OF MY WORK .
