Possible head and shoulders on the DJI, opening the oppertunity for a bullish upswing on a small time frame. In the big picture things still seem bearish, keeping in mind the recent interest rate spikes by the FED and the ongoing tradewar with China.
I am predicting it will either go up or down by the date shown. I am more 90% confident that it will go upwards, but I included the decrease path just incase.
The indicators I used were:
3) Lunar Cycles
4) Elliot Waves
Here my case for slow and fast moving trendlines.
Following a major drop the past few days on DJI we are looking at a very volatile market indeed.
I am not going to elaborate on why this happened and make sense of the 2000 point drop you can read all that on WSJ
Our job as traders is to find a direction that is consistent with our technical...
My previous analysis aged well, as expected, we bounced for a pullback in the 25000's, I'm searching for an entry in zone 1 and 2, tiny stop loss because risky move, for big r/r. If the sell off continues , a very good TP would be around 24050-24100. What are your thoughts ?
The recent hike of the fed rates will eventually result in a large number of defaults which will cause for a collapse/ pullback / correction / whatever you want to call it.
1D Bear Price action & Bear div
Unsustainable parabolic uptrend
The band has stopped playing. Pull the plug
Get out of US Equities and hedge with BTC,
after all that's what it's made...
Today DJIA made a new ATH, breaking the previews resistance but failed to stay above for now. Multiples bearish divergences, as you can see the last time we saw a divergence like this it was follow by a correction, the economics context isn't very good, and October isn't a good period in markets. So I think we could see an other correction in coming days. What are...
Dow Jones daily chart view has been presented here again after few trading sessions. Looking at the wave structure, the indice could be still working on a potential flat A-B-C at least. Please note that Dow has remained almost unchanged since past few trading sessions and could be possible that a potential top is in place at 26150 levels. Also note that a standard...
I continue to say that the bull run in Apple will soon be finished. The divergence between the rising stock and the down trend in RSI is visible. The problem is that in Nasdaq and Dow Jones you can see the same thing. The economical cycle is almost finished. You can look at the indicators. They are all slowing:
United States ISM Purchasing Managers Index (PMI) -...
DOW JONES - Bearish EWs count on 15 min. selloff driven by the news on Cohen and Manafort - we may have seen a new source of volatility entering the US stock markets.
Global liquidity is shrinking and US market liquidity is being reduced by the Fed's rate hike and QT program.
Dow Jones forming ideal Gartley pattern. in which case it extends to 0.88% in fibonnaci to form gartley Negotiable,
the collapse at any moment happens ... that's where we enter
to make money
What do you think?
*I tried to draw trendlines on all the comparison symbols but TradingView just isn't having it. Sorry!*
Hello Friends, the Russell 2000 has begun a new uptrend after breaking its previous trend line and making a higher low and higher high. The rest of the US indices are in consolidation. If recent history is a guide, the Nasdaq, which may or may not be breaking...
After the first correction price been recovering nicely and you could easily plot the trajectory, but recently its kind of broken the trajectory and may lose steam completely essentially forming a head and shoulders.