Given the calm that has returned to the market the Dow Jones index may continue to grow till 24k ... If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments also, you can ask me questions... Have a great day everyone!
Not so easy to blind-short the Dow. Next week could clear the dust.
US30 is at a key point, If we see a break below we could see a down trend but I will wait for conformation on a retest then sell. However , we could be gearing up for another strong mark up. I'm leaning more to the bearish view
it may look a bit too far fetched but lets see how the next couple of weeks/months go.
Price has been consolidating in the highlighted area for a bit.. price may go up slightly BUT once it breaks support shes gone.. (last chart was a bit of a mess so thought id redo it)
BUY @23558.6 STOP @23360.80 TAKE PROFIT @24041.35 TRAIL @23459.70
Good Morning Traders, especially Indices Traders, this week might be your special week with this trade analysis. US30 is 100% Bullish, from Daily down to 1hr time frame, and we can see it closed above the previous high, and there was little bearish momentum indicating the BIG DOGS are taking control. My entry was at the close of the BULLISH CANDLE in the 1hr time...
US30 H4 -CREATED H&S PATTERN -NEED NICK LINE BREAK OUT -WAIT FOR SELL =SELL SIGNAL
Here we have a lower high on the 1hr chart on the dow after a breakout of the rising wedge on the daily. Nice engulfing pattern too on the 1 hr candle. Its currently trading above the 200HMA but with all other moving averages are crossed under so its good value for a short here. We could expect some selling pressure here in overbought territory and a test in the...
So last week I did a very short evaluation of DJI. I have done another evaluation this morning and taken my time and I still believe we will see that final push towards to 25'. The analysis is fairly straight forward. We have our fib, trendlines and ema. I have left the plotted zones out just to keep the chart looking tidy. The fib is looking to complete...
In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Markets will be very interesting after 6 months, we will wait and see..