View On Dow Jones (28 FEB 2020)
It has been a nice ride.
It had been almost a 12-year since we have seen a sell down with such intensity.
This is also a stark reminder/wake up call to those who take "the trading in general" lightly.
Moving forward, I am seeing that we are fast approaching the Strong Support region 25,000 to 26,000, and it can be considered too...
US30 Crash? If the levels continue to break US30 will go to 21500? This is the last trading day of the month. It is looking like February will close the monthly candle out very bearish. This could be the beginning of a longterm downtrend?
MAGA makes up 30% of US30 Price.
Any more than 50% is a reversal.
My “ correction “ is based on that test.
8,880 is 30% that MAGA makes up.
Divide by 2 for the 50% rule. Puts us at 25,200 give or take 400 points on each side for wicks
that price also matches up with my TA.
if 25k breaks 23k will come, if 23k breaks we have bigger issues to worry about
Q4 2019 have been successful with classic measured move,but we didnt join the Q120 fall all the way although normally its a perfect opportunity for sell after the move, although the strategy work for this instrument, we only test for bull market, need to collect more data on bearish conditions.
Disclaimer
This is not investment advice. Trading entry need more...
We have some major oversold readings yesterday and last night. I am predicting a bounce similar to FEB 2018. We tagged the Year CAM S3 target that I spoke of yesterday, and some other MAJOR targets as well for SPX500 futures.
View On Dow Jones (16 FEB 2020)
The market has been in the strong rise for the past 12 years and apparently there is no end on sight at the time.
Since it had moved too far for too long, there must be a strong opposing force/reason that must be existed to stop this momentum.
Currently, the index is hovering near 29,400- 29,600 points, which is just 400 points...
Time is short take big size short trade , and then cash out from brokers.
Buy everything what is essiantial for your family.
The more time goes the more EVIL will show in this world....
Sick invisible enemies ..................
Just Believe in God and Christ!
Time is running out.
Take care
if 25k breaks, 22k is new TP.
*27.3 is 50 fibo. mixed with the uptrend trendline about to break..
If 50 fibo breaks... 25k sure and 22k even more possible
nCoV pushing us like expected.
cases in us rising
cdc " get ready for global pandemic"
very good possibility the MAGA stocks help us extend down to 22k
measuring the dow in gold helps to paint a picture of wether you should be more heavily in stocks or gold etc.
Considering the chart has more or less started a bear trend it might be time to increase exposure to gold and reduce exposure to stocks. But who knows. Have a nice day.
US30 price is in a wedge pattern but it's not yet enough conirmation to sell it. So,we will wait for more conformations. Please give a follow to get the updates on time :)
In H4, we will wait for an impulsive move to the downside and trade the pullback.
H4 :
Traders! if you like my ideas and do take the same trade, please...
US30 BUY SIGNAL BUY LIMIT Time Frame : H4
Entry ENTRY Price : $27048
Entry price 2: $26988
Stop Loss $26770
TP 1: $27448 & TP 2: $28048
TP.3 $28448 & TP.4 $28988
TP.5 $29348
The Dow Jones Industrial Average trimmed its loss in afternoon trading after plunging more than 2,000+ points as coronavirus pandemic fears intensified.
At its lowest point, the Dow...
