I think that there will be a long-term correction wave in the global markets on a macro scale, and it is getting closer.. Markets will become very interesting in the coming years, we will wait and see.. For DJI, the structure I expressed in the chart is very important and should be watched carefully.. I firmly believe that, we will observe wedge pattern in the...
I noticed a few things happening in the markets. 1. The DJIA has dropped from 29k all the way down to 18k in couple days. 2. SDOW has hit record lows while DJIA puts in lower Highs 3. VIX is still above 30 and has been above 60 during this crash. The market is pumped up by all these stimulus packages the Don keeps creating, but is still struggling to get back...
Ascending wedge break to the right of long term upward support with highs being hit at 24150 key area of Resistance to test for an attempt at an upward breakout. 23000 is support area for the current range. Weekly crossover for bullish shift and the ema dots are firing green. But, keep in mind that we don't have a close on the weekly till may 4th. Overall the...
Wave analysis, impulse wave done , now we are in corrective wave two . wait for breakage of the yellow trend line for initiation of wave 3 . ( may be with touch of 0.618 fibo .
On the final wave C, the fifth wave had form an ending diagonal! Is this the end of the dead cat bounce?!
Price has retraced to 50% Fib level and previous broken structure. Watching Price action for sell setup on 4hr. If this gives away the next stop for sell is at 61.8% Fib and confluence of multiple support and resistance. Fundamentally it's a bear market and considering all the companies are literally closed for business and some of them already out of business,...
On a technical basis, we believe this short term bull rally is a massive bear trap. Price has reached key level 24000 resistance. This area has acted as major support on the daily/weekly/monthly time frames. Feds are pumping money into the markets causing strong optimism, but will this cure this down fall? If we have major negative catalyst, we can expect price...
Nice H/S forming for this pair on the 1H. Could give a nice drop if it comes through. Also retesting previous 1H trendline.
Symbol: DJI This post is for all the day trading junkies out there. I am showing the 30 min time frame with a cross over to the downside. If I double that timeframe and go to the hourly, I'm at a tipping point in thr market. We would enter to short till 30 min and hourly line up to go back to the upside. We are putting our money on red. We will watch closely on...
Long Term Dow Jones Industrial Average target is below 10,000 This is not a forecast I want to make, but this is what my longer term analysis shows. I hope the forecast does not come true but this is what my analysis shows, which is based on multiple time frame analysis of volatility and momentum. Best strategy according to this analysis is to look for sell...
I was stopped last time but I still think it goes down again
The DOW is finally moving into it's dead cat bounce after losing nearly 40% from it's ATH . My peak is conservative, so don't be surprised if we go ~1200 points above it before we enter the long term bear trend. Incidentally, if my timeframe is accurate, this rise and fall will line up well with the 'end' of the lockdown followed by the horrifying realization...
Catalysts for bull runs have been seen including symmetrical triangles, and three clear bullish divergences. A broadening wedge within a broadening wedge is present, these 52% of the time (according to bulkowski's chart patterns) result in a breakout downwards. Most often this chart pattern is found in bull markets. A clear cut case is the DOW. Going off purely TA...
We need to wait to the last candle, if the last candles finish under our supply, we will wait the retest because we need the retest in this broken structure to conitnue with the fall, so be focused in this value because it could give us an entry there.
Let's see if the virus does its job Target 24634