Price is below the triangle. The bottom line is now a level of resistance. No recommendation. Price remains slightly above the .236 of the trend up. Overall trend is Down.
Price broke a triangle after going sideways, went below the 100 MA, retested, and is now forming a bearish engulfing candle Asset and Time frame - DIA, Daily-Weekly Entry Price - 327.39 Exit(Stop Loss) -336.79 Exit(Take Profit) - 293.65 Technical Analysis - Price broke a contracting triangle, made a few undecisive doji candles near the 100 MA, then closed below...
DJIA has found support at the BigRed level, just as I analyzed in the last report. It bounced back strongly and nicely and is now close to a resistance area. We will have to wait and see what it does next, but for now, it seems more likely to experience a bear pullback than a bullish pattern. Volume does not confirm the price action, as it hasn't moved above 20...
The chart posted has now pulled back to the Target low and cycles are now Up and in full force wave C up has two targets 1st is 35185 in the Dow the 2 nd is the retest of the old high . into late march21 to alt date april 2nd from that high the second leg of the super cycle Bear market should see a Crash phase with No Place to Hide. Best of...
Seems to me like this could unfold as a complexe correction if bulls are to remain in power longer term. We could see soon a move up but if it stays sideways it's most likely going to be a wave (b) of higher degree Y imho. Look for individual names showing relative strength right now, those are most likely to be the next big leaders.
Price is beneath the bottom line of the triangle so support has been broken. Possible M pattern forming. Price is just above the .236 of the trend up, so in the scheme of things this has not really lost too much ground even though it feels like it has. The intermittent rallies up are making this a very slow process. No recommendation. ″ I haven’t seen...
$DIA Long Trade Idea $DIA is likely to bounce off at retest of 200 SMA to upside to continue movement with in the triangle. My trade plan: Entry 325.65, Stop loss 321.1, Profit exit 339.5 (at top of the pattern and max volume in fixed range volume profile) Risk/Reward 3.03 Not an investment or trade recommendation. Do your own due diligence
Investments tend to fall in value FASTER than increase (even in bull markets) IMO always take profits STRATEGICALLY This works for ALL investments that have tried it on including, but not limited to Crypto, , Commodities, Bond Yields, and Currencies AVG 1-2 = 3 weeks 2-3 = WEEK! 3-4 = Almost month 4-5 = WEEK! 5-6 = 3 weeks 6-7 = WEEK! Example $DIA Use...
DIA opens the year sitting on the annual pivot but coiling on the weekly and daily. AAPL has broken down longer term, so this suggest downside is more likely. Don't anticipate. Simply participate.
DJIA has broken below the symmetrical triangle, indicating the end of the bull market. The price has dropped below the 50-day moving average and trend line with no significant support acting at all. This suggests a weak market with no real buyers while sellers are expected to enter soon. Smart traders are exiting the market, while most retail traders will panic...
DJIA was in for a long long time in this huge symmetrical triangle and wasn't able to move in any direction. Now it's finally dropped out of it. Will it stay out and have a huge red day, we will see today, on Friday. Volume does confirm price action as it is much bigger on drop day, however, it is still below 20 days average volume. It is below 8 and 20 days MA...
I am ready to short once VIX confirms buy going to a buy on the hourly.
DIA is in a coil (triangle pattern) after a big push up. After such great momentum upward, this looks like a good pennant pattern for a break up to eventually test the January 2022 highs. If you check the SPY it might also be in a flag pattern for a potential break up as well. Or it might be turning over. At any rate, I plan to wait for a break and plant stops...
DJIA on daily we have been waiting for some time for a breakout of this triangle and yesterday it occur. At the beginning of the trading session, DJIA gapped up and retail traders tried to break it up but big boys enter that straight and start to sell, and the price drop right away and keep dropping until the end of the day. Now it is very likely DJIA will...
DOW is the leading indicator to me. Dow weekly looks like it is about to wane. When I suspect it breaks down out of the wedge.
DJIA daily is still in its symmetrical triangle and just can't move up or down from it. 8, 20, and 50 days MA are coiling on the same levels and will produce a major move in the one direction. Breakout or down should be strong and fast. It is very close to the end of the triangle but it seems it is more bearish than bullish. Just the fact it can't move away from...
Dow Jones formed Golden Cross on DEc 14th now forming a bullish Pennant. Still above 200, 50 Day Moving Avg. If it breaks the pennant, we see more upside and may reach 2022 highs this year.
DJIA daily is not able to break out of a symmetrical triangle which is bearish. Furthermore, DJIA formed a Hanging man reversal candle stick pattern which is a bearish sign. The resistance is obviously too strong for breaking out which could be an indication f an imminent drop below the trend line and breaking down from the pattern which would be very bearish....