Target 24884, Stop 25900 High risk, but this screams bearish to me
This analysis is purely written from an Elliot Wave perspective. There are no macroeconomics or any other economic theories involved. SPY: Looking at Monthly SPY, we had the completion of wave 1 in 2000. Followed by a recession in 2001-2002. We then had a pullback to the 2000 high, which then ended up double topping and then falling to lows in 2008. This is a...
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....
the dow jones is in a down trend and is going up for almost tow weeks. its time to short again and join the down trend
The Dow is at its lst chance to rebound from rising trendline and round number support Otherwise another drop to the February lows is likely
Hello guys today I will be covering the dow jones. In the chart you see it forming a rising wedge. This is a bearish pattern and it almost broke out of it two days ago. The macd shows a bearish cross and the rsi is in the 60 range. Both these indicators resemble the crashes in 08 and 01. The market is long overdue for a crash and seems like it is the perfect time...
Let's see how many indicators DOW can ignore. 4H macd about to cross, bearish div on rsi and a falling wedge. -------DO NOT SHORT DOW!!! THIS IS AN EDUCATIONAL/EXPERIMENTAL TRADE--------
Checking back my article from a week ago... I could not have been more correct in anticipating this move. Check it out HERE
Looks like the pinbar on the daily might lead to some losses, or maybe the beginning of something biggre
Another trade I am not actually taking. Usually I just try to buy the dip as it's safer. It's obvious the manipulation in the index will continue as long as possible but the current situation doesn't look very good from technical perspective. We have a long developed bearish div, a rising wedge and a reversal spinning top candle on the 4h. Please share your...