Bitcoin has a insane large descending triangle or wedge which already broke out from the upside and will have a bullish continuation until end of the year most likely.
S&P, Dow, Nasdaq have all a large descendinge broadening wedge which is ultimately bullish. Momentum is being built up and we can foresee a sudden but steady rise as well.
Gold has been hammering...
This is my my "Sunday" review. I'm slightly fluish but that still is no excuse to being a slack.
Here we have US30 (A pair I actually didn't have the belief I'd be able to trade)
From the Daily, we can see we are forming a pennant and in previous weeks we have broke an uptrend, retested and continued. So we know we have hit all 3 points on both sides.
Move down...
Today's world is a world of economic bubbles and rapidly changing technology. From cryptocurrencies to the dollar, from printing presses to centralized digital currencies, these are all part of our lives. However, with the arrival of CBDC (Central Bank Digital Currency) could be the beginning of the end of the bubble era.
Currently, many investors and traders...
Dow Jones is currently on the 3rd straight green 1W (weekly) candle above the 1W MA50 (blue trend-line), testing the top of the 4-month Channel Down. We have previously seen almost the same pattern during the 2015-2016 correction (E.U./ China/ Oil crisis). A fake-out below the 1W MA200 (orange trend-line) initiated a rebound above the correction's Lower Highs...
Dow Jones hit today the 4hour MA200 and closed a candle above it for the first time since February 20th.
This price action is simply confirming our long term trading plan (see chart below) where we bought the bottom aiming at the top of the Channel Down.
Target intact at 33450 (is also a Harmonic Resistance).
Previous chart:
Follow us, like the idea and...
Dow Jones broke above the Falling Resistance for the first time in 2 weeks.
The is the first bullish signal since the Triple Bottom but has the Pivot Zone 1 and the MA200 (4h) to overcome.
Trading Plan:
1. Buy as this is a major bullish break out supported by the MA50 (4h).
Targets:
1. 33300 (Fibonacci 0.618).
Tips:
1. The RSI (4h) is on a Rising Support. In...
Yesterday we caught 1800+ Pips on short positions, looking for another short position today.
thanks for the amazing support on my previous analysis - really motivates me to post more here and not only in my club.
Dow Jones (DJI) followed the exact trading plan that we published last Wednesday as it rebounded on the 4H MA200 (orange trend-line) and today reached the Resistance Zone of 34300 - 34370(August 16 and January 15 Highs respectively). This keeps it neutral as we expected within the rough 33640 - 34180 Scalping Range:
The 4H MA50 (blue trend-line) has assumed...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a buy entry at 33704.98, where the support is. Stop loss will be at 32948.93, where the recent low is. Take profit will be at 34712.28, where the previous high is.
Please be advised that the information...
Dow Jones is supported on its 1D MA50 but the Triangle pattern since December is keeping it neutral. This is evident both on the 4H (RSI = 45.787) as well as the 1D technicals (RSI = 50.080, MACD = 100.970, ADX = 28.781). As all candles, even the two instances that broke above, have closed inside the Triangle, we will go long or short when it breaks out and...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 33704.98, where the 38.2% Fibonacci line is. Stop loss will be at 32948.93, where the recent low is. Take profit will be at 34712.28, where the previous swing high is.
Please be...
The Dow Jones Industrial Average (DJI) followed our previous call (almost) 3 weeks ago to perfection as after trading within the Triangle, it broke to the upside and hit the 34300 target:
The strong rejection of this week simply validates the argument that we've made since November, that the blue zone will be a High Volatility region for Dow as it is a...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 33418.59, where the 50% Fibonacci line is. Stop loss will be at 32573.43, where the recent low is. Take profit will be at 34712.28, where the previous swing high is.
Please be...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my buy entry at 33418.59, where the 23.6% Fibonacci line is. Stop loss will be at 32581.97, where the recent low is. Take profit will be at 34595.51, where the recent swing high is.
Please be...
Dow Jones made some successive bottoms that seem higher than the previous
It seems to be bullish , it penterated the resistance level at 33474 ,
Now it is the time to test this resistance again that converted into support .
It is a short trade so keep the stop at 33800 .
If you liked this idea boosta and follow >
keep stop please
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 33418.59, where the 23.6% Fibonacci line is. Stop loss will be at 32581.97, where the recent low is. Take profit will be at 34595.51, where the recent swing high is.
Please be advised that...
Dow Jones broke today the 33,460 - 33,500 Resistance Zone that was intact since December 22nd. At the moment it is attempting a test of the 4H MA200, the first since December 15th. Trading within a Channel Up and with 4H technicals bullish (RSI = 62.540, MACD = 15.660, ADX = 24.447) while the 1D MACD is about to make a Bullish Cross, we expect a strong bullish...
