September is over so it's time to look at the charts from a high TF perspective. The DJI took a beating this past month, suffering greater than the S&P & Nasdaq from a technical perspective. Things to note: - on Sept 13 broke & closed below the bear flag channel for first time since it formed off the June low - set a LOWER low on Sept 23rd - closed the monthly...
DIA stock and US30 forex are both same DJIA charts. We think, it is bearish so good time grab profit from bearish
DJI seems to be heading to 28,300 zone . There is a support at 28,800 zone if that is breached then another 500 points decline is possible. Also a high probability that the pain would continue for 2-3 weeks more.
in order for a "Great Depression" scenario to play out everyone has to be caught on the wrong side. including some of the smartest people in the market. ie warren buffet etc
Multi Timeframe Analysis Hint: The Dollar is the strongest its been in 51 years with EURO and GBP parity. Unfortunately that's bad for the stock markets and global economy. A massive bearish institutional order block lurks at 30692. Price must revisit this zone to correct market imbalance, Medium term Bullish Narrative: 1. Bearish institutional order block at...
Dow popped early as indicated and sold of heavily into Friday.
US30 - Classic bearish setup - Our team expects fall SUGGESTED TRADE: Swing Trade Short US30 Entry - 28781 Stop - 28950 Take - 28527 Our Risk - 1% Start protection of your profits from higher levels. ❤️ Please, support our work with like & comment! ❤️
Hey traders, in the coming week we are monitoring US30 for a selling opportunity around 29000 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Dow Jones index and spx and Nasdaq all entered extremely greed line yesterday. Europe Central bank is about make big shot tomorrow and FED is about to do 'Ultra step' soon next week. This week and next week's interest rate hiking rally would push most of international stocks to fear zone again. My target down to Dow Jones Index is 28000. Good luck all...
examples with actual price in a downtrend explaining my POV
This is a downtrend breakdown from my POV when looking at a less simple market.
This is a chart breakdown regarding my market structure rules.
Dow Jones.... let apply my theory on it. from chart t is very clear 32200 is resistance made on 30th Aug. 2022. previous to this last resistance was at 33909 ( 26 April 2022) and failed to breakout but attempted on 16 Aug. 2022 once it breaks 32200, we will position on Indian market to and make more positions until then we can see volatility
I adjusted wave 6 on the current chart to the current downside move. Haven't been looking at US30 for awhile, but been focusing more on the S&P chart. Either way, the pattern is the same. Market is playing out, kind of as forecasted based on charts published months back. Are we there yet? At wave 5, the market was going "are we there yet?" Then the market...
This is how I view market structure once it becomes more rigid than smooth.
The Dow Jones continues to plummet with no signs of bottom in sight as per indicators using Neural Network, CCI and MACD on weekly chart.
This is a complex view of market structure not many people speak on.