YM Sell reason :
Breakout pullback continuation situation. YM came to resistance point, expectancy is big bull ,but first it must to come back to trendline.
Possible buy from trendline big time :-)
But first short now.
Good Luck!
Short term Elliott Wave view on Dow Jones Future (YM_F) suggests that rally from March 9, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the chart above, we can see wave (2) ended at 25448. Now wave (3) ended at around 26507.
Up from 25448, wave 1 ended at 25823, wave 2 ended at 25744, wave 3 ended at 26289, and wave 4 ended at 26126 and...
The index is now testing the 1W Resistance (26,280 - 26,300). 1D has been trading on an Ascending Triangle pattern (RSI = 62.583, MACD = 150.200, Highs/Lows = 229.6786) and upon reaching this 1W Resistance zone on overbought stochastics (STOCH = 98.665, STOCHRSI = 90.823, Williams = -0.392) a sell window opportunity emerges. The SL however should be tight...
1.Price did come to important resistance level.
2.Price did break major trendline
3.Price did break short term trendline
4.Price create pulback to 61.8 - 78.6% fibo retracements , 3rd wawe of eliot start
5.Price close 2 times below the pivot, 2 red large candles.
Possible targets half 38.2% and 50% fib levels .
Good luck! :-)
The S&P 500 Index has been a bit hard to read for beginners as the charts are giving bearish signals yet it continued to move up and break above certain strong resistance levels. As for The Dow Jones Industrial Average Index (DJI), this one is telling us a different story, this chart is much easier to read.
When you look at the chart, you can clearly see lower...
Overall on US markets, I am skeptical but open to bullish sentiment. The question is, how do we get past record highs? First though, how do we even get past this DJI resistance? The answer to both could be trade war detente. Okay, but what happens if we have a detente, which won't happen at least until June as reported yesterday, and there's no rally? We could go...
Never buy resistance, never short support. I want to see this index get over 26190 for me to be a bull and the fundamentals are not all too convincing. Yes, China trade war is concluding in all likelihood, but then what happens if Trump decides to go after Japan or Europe on auto tariffs? We already know he doesn't want to quit these trade fights as seen with...
After the large market sell off yesterday due to economic data, the Dow should stay rangebound. This will allow the market to take a breather to recoup from yesterday's losses. Trade the bounces, and keep an eye on the news.
Happy Trading!
Zak
DOW JONES INDUSTRIAL vs. COIN MARKET CAP :
$1.26 TRILLION LOSS versus $ 0.0124 TRILLION LOSS !
The DOW lost $1.26 Trillion Q4 2018 (roughly) versus The TOTAL CoinMarketCap lost $124 Billion Q4 2018 (roughly).
peer reviewed revisions please
#BTC #Bitcoin #Cryptocurrency #DowJones #Stocks
THIS IS NOT INVESTMENT ADVICE, THIS IS JUST MY...
Hi, all.
In accordance with my recent posts that the S&P 500 is set to crash, I believe that the Dow Jones Industrial Average (DJI) on the 1D chart will crash similarly soon. The DJI is showing some signs of reversal in its MACD chart as shown above, and for such a slow-moving index as itself, this bearish indication should not be overlooked. Now, in addition to...
The chart pretty much explains it all. I've slid over the Fib Retracement so that you can see the numbers better (FIB drawn from 24DEC18 candle to current candle). I believe we will retrace to the 0.236 Fib level, which is 25162 or close to it. I also believe it will turn around at the R1 Pivot Point. This being said, my stance on the Dow will be neutral i.e....
Morning everybody,
Stochastic %K is >80, MACD Line is pointing to a down trend with a crossing, RSI is at 67. Economic news releases at 1000 today along with Fed speeches. For a Binary trade, <25929 with a 11:00am or 4:15pm expiration.
Hey guys! Posting an update on my DJI analysis, since we're close to invalidating the possibility of further weakness (for the time being). As I said in my previous analysis, it was best to remain on the sidelines after the bounce from the 21000 area, since it was fairly strong. In addition, I indicated the possibility that we'd actually break the previous high,...
We are counting the entire rally from December 26, 2018 low as an Impulse Elliott Wave structure. An Impulse has subdivision of 5 waves within wave I, III, and V. And wave III is currently in progress. Internal of wave III subdivides in another 5 waves in lesser degree.
On the 1 hour chart, we can see wave ((4)) of III ended at 24862 and wave ((5)) of III is...
The chart for the Dow Jones (DJI) is basically the same one as the S&P 500 (SPX). So needless to say, this one will crash as well.
My long term analysis for DJI is still valid, you can see it here:
This new crash that is incoming is just an extension of the one I mentioned above.
Looking at the chart:
We have bearish divergence showing up on the MACD...
Price has retraced to previous resistance turned support.
Able to look for a countinuation long entry here.
Cut if it makes a lower low.Exit at most recent high.
Enter now
SL 25881
TP 26066
Good short entry poss. D1 Dow Jones short based und RSI D1/H4/H1 analysis.
We gained a lot from the December 2018 loss, over 6%. D1 regain locks up like a V-Wrap without
a healthy rebound short. Renko shows is here perfectly.
We also got the named status quo, unsecured measurement of cooling world economy, trade crisis US/China an well known Brexit in Europe....
