As the ol' southern colloquialism would have it: "Darn theng (The Dow) is fixin' to be done foh, rat cheer, right about naw!"... And this where the Long March (to < 9999) bound to start, rather sooner than later. (There is also a perfect Fib. Time Cycle lurking in the background. - Look closely!) If one is afraid to Short the index outright, no problem! - You're...
US30 has reached support, and has doubled bottomed. Good. Bullish rejection on the 4H. Good. Now, all we need is bullish price action to confirm a valid entry for long.
Pattern: Channel Up on 1D. Signal: Buy as the price hit the 1D MA50 (blue trend-line) and the zone within the 1D MA50 and the 4H MA400 (yellow trend-line) has been a buy opportunity within the Channel Up. Also the previous -5% pull-backs have been buy opportunities, both of which made a bottom within that zone. In addition, the RSI bounced on its Support...
... Sure looks like it. - Especially since a ~70% decline here would be nothing more than just a garden variety return to the historic mean.
Be prepared to SELL (short and hold) it for good!
CURRENCYCOM:US30 S/L 30023 - T/P1 30801 - T/P2 31320 - T/P3 32011
Pattern: Channel Up on 4H. Signal: Buy after the MACD makes a bearish cross and drops below 0. Potential low when the RSI approaches its Lows Lows trend-line. Target: Calculate it to be near the 1.236 Fibonacci extension. Modest estimate 30600. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
This is a simple yet very informative study showing a comparison of Dow Jones against DXY (U.S. Dollar Index). Since early 2015 the DXY has been ranging (wide range but still range) and especially after 2017 it established a clear Resistance (103.800 - 103.000) and Support (88.200 - 88.900) Zone. Every time it hit the Resistance and got rejected (Jan 2017, March...
Pattern: Rising Wedge inside a Channel Up. Signal: Buy as the price hit the 4H MA50 on the Higher Lows trend-line of the Rising Wedge. Target: 30300 (The Higher Highs trend-line of the Rising Wedge). Please like, subscribe and share your ideas and charts with the community!...
My focus on DJIA is on the 1D time-frame where the RSI is approaching the 77.000 Resistance. This is a 5 month old trend-line and it appears that with all the positive fundamentals involved, the rally can be extended until this level is tested. An even more interesting find is that every Top since the March meltdown, is on (or near) the -0.382 Fibonacci extension...
Dow rebounded 3 days ago on the 1D MA200 (orange trend-line). Since late July, this trend-line has been holding firmly as Support and every contact (with a candle week, no candle closing has been done below it), has resulted in a strong rise. Since the pattern is a Channel Down currently (since the September 03 High) is is natural to target the Lower High...
The Channel Up since June has fairly the same basic structure (even though more aggressive) than the one from March to September 2019, which led to the pre-COVID All Time High. That pattern ended with a Lower High than created a Triangle, which eventually broke to the upside to the ATH. Dow Jones made that Lower High last week. See also how the RSI consolidated...
DOW JONES 1D-TIMEFRAME ANALYSIS✨ Hello ladies and gentlemen This is my new idea for the DJI My idea is that the index will go higher Target 30820 I hope my idea is clear Support me by like and share Good luck💰💯
DJIA is trading on a Channel Up on the 1D chart since late May. This pattern has made two exact Higher Highs and Higher Lows. I want to talk about the importance of the 1D MA50 (blue trend-line) not just within this Channel but even before. As you see since May 04, the 1D MA50 has been tested 8 times. 7 out of those 8, it held and initiated a rise (at least of...
Get used to it!
Dow Jones 4H-TIMEFRAME ANALYSIS 💡 Hello ladies and gentlemen This is my new idea for the DJI My idea is that DOW will continue to downtrend Targets 27000 26400 I hope my idea is clear Support me by like and share Good luck💰💯
Real-Time Algorithmic Trading Signals. Stay curious