Normally, I keep my trading and analyses to crypto, but this Dow Jones setup looks too good to ignore. Factoring in all of the bearish signs from fundamental analysis (rising interest rates, rising unemployment, slumping retail sales, and gov't shutdown), it's tough to argue that the stock market will break the previous high.
Triple top formation is possible. I'm...
I am in the middle of reading this book and decided to put it all together on a chart to visualize every cycle at the same time and share it with you.
I see now why the 1929 crash was so devastating, all waves were pointing downward.
HSI bulls back strongly with 2 strong days to end the week above 30000 again after sellers didn't manage to sell it back down. Ideal uptrend intact as per trend indicators. With the US now at all-time highs, a good follow through with positive trade deal news can be strong catalysts to see HSI back to 31500 and beyond.
I've been pretty quiet on TV lately, focusing more on YouTube and quick tweets, but someone asked me to post this after I put up a screenshot in the TV chat room. I've been wanting to post one of my newer somewhat unique charts for a while anyway, so I bring you another chart that exemplifies the inverse correlation that I've been noticing over the last year or so...
As you can see in the graph above, we have Head And Shoulders Pattern, in one sentence which indication gives us? a head and shoulders pattern describing a specific chart formation that predicts a bullish-to-bearish trend reversal.
For this reason, we recommend a sell signal with a target of 170.
Time for a necessary update on the stock market - namely the Dow Jones Industrial Average. I decided to draw this one using the pitchfork tool, to create parallel channels for accuracy. My other DJI charts were drawn with more of a wedge. This chart uses a slightly different model, so some price targets may be revised from my initial speculations.
AMD is in a strong uptrend. A bullflag built up and so a continuation of the upmove will be possible. The old high is a good Profit target. Stop loss in Price break Below the trendline or Below the ema50
So, i was studying the daily/weekly chart of the $SPX and thought to myself: this chart pattern looks familiar to me. I feel like I have seen this before in the not-to-distant past.
1. cruising along at market highs
2. bears take over and we see a ~10% correction
3. bulls resume control and take prices back towards prior highs
4. we fail to...
26950 area is very important as this is an all time high price that I can almost guarantee you WILL NOT be broken any time soon.
It doesn't take a genius to work out why this level will not be broken... look at the muppet you have running the country he's like a spoilt little child running around a toy store running up debt and annoying people, The US is the most...
Last post: September 17th 2018. See chart.
Review: Price had just cleared $80 and was looking strong for further bullish action.
Update: Price instead pulled back to $67 found support, bounced and is now trading back above $87.
Conclusion: Patience needed until a break and close above the March high to suggest a bull trend continuation.
as you can see on the weekly time frame (also monthly) we are witnessing positive price action for the ASX. Although positive price action is generally celebrated, it needs to be backed up with positive movements in relative strength, which in this case is not happening.
As you will see on the chart published, despite the positive price action we...