As stated earlier I believe SPX is in for a correction as well as the DJIA (Dow Jones). If this moves in our direction today and early next week look at taking profit and each black line level on the way down. I keep trading as simple as possible. Will not give my method but will give you entries :-) Don't get greedy. Take profits quick when in green :-) All...
I am expecting a move down in Wave (C) of Red Wave A. In this video I outline some evidence for your consideration. Target: 23782 See bigger picture below in related ideas. Please LIKE and FOLLOW to get notification of updates and future posts.
HAPPY SUNDAY TRADERS! OUR VIEW OF THE DOW JONES INDEX, WE HAD SOME MIXED PRICE ACTION LAST WEEK HOWEVER, WITH VIRUS CASES RISING, MORE STIMULUS MIGHT BE REQUIRED. WITH GOLD LOOKING TO MAKE MULTI-YEAR HIGHS, WE COULD STILL SEE MORE BEARISH PRICE ACTION ON THE DOWN TO $22800 EMA'S HAVE CROSSED AS WELL ON THE 4HR BUT NOT YET ON THE DAILY :-) TRADE SAFELY...
Observations : as suggested in the last study .... Dow weak below 26000... Cmp 25350....... Now we are staring at 25247 levels which is important support... if breaks 25247 we slowly drift down to 25130/ 24960 levels.... Below which all hell break loose for Bulls.... (Closing basis) Buliish only on any close above 25737....
💰 LET'S GET INTO SOME DOW JONES ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! 👍 - The 3 day is starting to show signs of blood as it is the first start to red since the bottom. - I've been bearish on a lot of my post for the longterm approach. - DJI been short since 26,990. The close at the end of this week will tell...
💰 LET'S GET INTO SOME DOW JONES ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🤷 Neutral - If you've been keeping up with the MLT Trades then you know that we got short avg. Price 26,990 on a shorter timescale. - Overall based off the 3 day chart you can see that the candles are still...
💰 LET'S GET INTO SOME DOW JONES ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - I have been tracking this big boy heavy lately as I do hold a short from 26,990 area. I let the most recent coercive way push back up and held onto my position because I wanted to see if the longterm...
🥇 We are now testing predicted next major support levels from previous post below in related ideas. First off. If your objective is to trade large timeframes like the 3 day then you need to be willing to absorb noise in a market. If you are going to trade a large timeframe you have to cut out your emotions and let it go. You will never become a successful swing...
👌 Well, Well, Well.... she seemed to of had a rough Thursday just as we expected it to have. The main upward support level has been breached, which is not a good sign. What we are looking for next to be test and try to hold is not not too far away. 25k-24.6k as I have it label as a key level of support. We took this position on a 3 hour timeframe as the...
🤔 Will the stock market drop or fly high... Let's take a look! What is the big V pattern and what does it represent? I want you to focus on the structural support that we have drawn out connecting the 3 green arrows bottoms. This is a very key level of support that we want to take very seriously! We are all aware of the massive market selloff that we had in early...
the 4 hour setup gives a clear picture of sell on rise strategy
US30, Dow Jones is to be expected for a possible short sell upto 25000 key level completing the wave before the next bullish or bearish move.
Target Reached. See - Previous related ideas. - Let's look for the signs of a reversal. Trading the Primary Reversal Level is riskier than trading Secondary Reversal Level so it depends on your risk appetite. I will post another update when the Secondary Reversal Level is broken. When trading a reversal level place the stop above the end of Wave C. Good...
This minor wave update is part of my previous idea on the Dow Jones, see below. This C wave is almost done we just need Wave 5 to complete and then see a sharp reversal. A break of the end of Wave 4 (which is the E wave of Wave 4) will signify a reversal is in progress. Wave 4: 24291 would be a good entry point or you can wait for a pullback. Stop would be...
Double top on the Dow, has failed thus far to reach the 61.8 retracement level in hopes of the market making a recovery, According to the wall street cheat sheet id say we are between the "Complacency and the Anxiety" stage, Its just a dead cat bounce IMO, Although some restrictions are slowly easing in some country's, the world is in turmoil, the recession as we...
The Dow Jones is about to embark on a journey down the rabbit hole. No new high made because this is Wave 2. All I can say is that its going to be a rough ride for many. Hasta La Vista Please LIKE and FOLLOW to get notification of updates and future posts.