A log chart of the entire Dow Jones history and it's entire bull and bear cycles. Currently we are at the top of the channel for now the third time I think we are going to drift sideways for the next 46 years just like at the beginning in order to get back down to the lower end of the up channel. I don't know how long price can stay bumping up against the top...
Today closed at the end of the session with a bearish engulfment and a pin bar wicking into the top 50% of said engulfment. I am seeing the 21ema start to flatten out and possibly roll over with massive space between the 21ema and the 200sma. Friday I think will be a choppy/range with a slight bullish tint to maybe take out Thursday's high and make another hit...
After finding this channel to my liking, I also noticed that today it closed at exactly the price needed to complete a measured move. Two range expansions will put it at $822 I have no clue what it will do, just observations. I don't trade NVDA. I just know that parabolic moves are not sustainable and no matter how far it goes up in a straight line, it must...
Just experimenting with the angle of the 21ema and the likely move out of it. I have seen about 4 different angles and 4 different bull moves Strong Explosive Moves with 70-75 degrees Decent Moves with 60-65 degrees Grindy and choppy up moves with about 45 degrees Most likely a pullback with 10-25 degrees
Inside the daily rising wedge, price is making a final hurrah before it will roll over. I have marked with the blue line as the important 0.85 fib retracement level and I expect price to have difficulty around this area. NY will open with a sizeable gap from yesterday and I believe it will be a range type day
This post is for my own personal recollection of how I want to short this upcoming downtrend. I won't be able to remember the exact details 2 years from now. I want to short it down to the rising monthly 200sma and the 50% fib level from the Covid crash's high/low AND the head's high/low 1.25x range. Price level 24,000 I want to short with the fat portion of my...
I just now noticed that from 2017 to 2020, that it is a miniature version of what is happening on the long term trend. This same pattern played out back in 1962-1980 The mini version of 2017-2020 is the same as 2020-2035 Compare it to this mini
Now that the top is in, the Daily 200sma will start to roll over and start a downward trend. The left shoulder is complete The head is complete Now we are waiting for the right shoulder to form and to complete with the neckline I am expecting the right shoulder to rally back up to the 0.85 fib level and fail. My target is the 1.25 times range expansion at...
After the violent spike down into the 200sma ( Bearish ), the 21ema is now in charge. It is declining so that means to pay attention to only bearish candles as the new trend is down. Any and all bullish candles are to be ignored. The gap between the bodies of the candles and the 200sma tells me they are to return. If price stays in the lower 0.33% or lower...
The 21ema on the 4 hour is flat Price is pulling back into the flat 21ema Look for a bullish surge off of the flat 21ema Can be aggressive and enter short on the close of the CPI 4 hour bar at 10am EST with the expectation of no follow through Can be conservative with a sell limit at the 50% mark of the bull surge bar. Targeting the demand candle of January...
Now that the 200sma is starting to roll over after we had the three push pattern higher AND the false break reversal on Friday, I am looking for a meandering back up into the supply zone for a sell. My only concern is that I don't know what CPI will do. Will it spike up to hit that magical 39,000 number for another false reversal or will it spike down? The 1 Hour...
This is my 30 year gameplan on how I will navigate these markets. I believe we are in a Secular Bear Market for the next 3 decades and will consolidate in this range between 2300-5400 price levels. The biggest clue is the rising monthly 200sma as that will be the support areas along with the upper channel with its four trendlines. Two thick outside channel lines...
I believe this is all she wrote on the rally inside of this monthly bearish rising wedge and that the prevailing downtrend will continue as that is the higher timeframe trend. This rally has been a counter trend rally into the main trend. Volatility will pick back up. First will likely sell off to the 200sma Daily, bounce into the trendline and roll over. Once...
On the hourly timeframe, price has been consolidating in the upper 50% of that fat green hammer candle ( Extremely Bullish) The hourly 21ema is trending higher ( Bullish ) 1 full range expansion of that consolidation will be 5050.00 Any close above or a limit at the breakout should be ok. Drilling down to the 5 minute for a finessed entry will be the trick...
Zoomed in closely on the Daily chart, price is now on its final third push higher into MAJOR,MAJOR Channel resistance with not very much room left to go. I have been saying February 13th as the top and so far it is playing out nicely. I am already short at 38,760 since the near close of yesterday. I am a bit early but not by much. I decided to go with it since I...
I don't know what will happen Friday but to me, it looks like it might open up bearish into the rising 21ema only for it to bounce back and rip higher. It seems like a good target will be the top of the channel at around 39,080 This is the hourly chart. On the 5 minute chart, the 200sma is the 1 hour 21ema, so any pullbacks into the 200sma I will be looking to...
To me it looks like Friday was the top. Monday sold aggressively down, followed by Tuesday a consolidation near the base/lows and a pullback to the 50% mark. This up channel is looking to break soon. I have market two green lines. The first one is the entry short using the daily timeframe. If price eliminates this green daily candle. The second one is my...