D-DJI
Major Reversal Symbol Flashing for $DXYThe "TBO" indicator was created to show the strength of the trend as well as show breakout and reversal signs. The U.S. Dollar Index (DXY) has been an important metric for gauging the sentiment of TradFi markets (SPX, DJI, FANG, XAUUSD) as well as crypto markets (BTC, ETH, TOTAL), which means that all TradFi and crypto traders should be paying attention to this chart for two reasons:
If DXY is bullish, TradFi and crypto markets tend to trend bearish
If DXY is bearish or consolidating (moving sideways), TradFi and crypto markets tend to trend bullish and are more susceptible to bullish breakouts (like we've seen market-wide since November 2022)
So going back to the "TBO" indicator and its importance in showing DXY's sentiment, when looking at the current day (February 17th) we can clearly see several "TBO" Close Short symbols (the orange diamonds below the candles). These symbols tell us that the trend could be reversing soon, and that we should consider taking some profits out of our short position.
With this information in mind, and judging by past performance of the "TBO" Close Short symbols indicating upside reversals, we will be paying even more attention to three of these such symbols printed in a "cluster," indicating a stronger possibility for DXY to move to the upside, thus resulting in bearish sentiment for TradFi and crypto.
There is no way of knowing how long a supposed upside reversal will last according to the TBO, so caution must be exercised moving forward.
*Note: the "TBO" indicator is written with quotation marks because there is an existing ticker for TBO, which is not related to the Trending Break-out indicator. To prevent hyperlinks from showing every time we type TBO, we have added quotation marks.
AW Dow Jones Analysis - Short Trade Opportunity...I have been careful with assuming this count, there is just way too much pointing to a top in December.
More recently it appears as though Wave 2 just completed.
I expected a large zig-zag down so not sure how low it will go until we see Wave (A) completed so I will keep you updated on this.
Entry: 33,500
Stop: 34,507
Target: TBA
See other related short ideas linked down below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
DOW30- Will CPI data trigger a break and a push above 35k?After the double bottom under 29k and a break above descending trend line resistance, Dji has started to consolidate (as if it was waiting for Nas100 and SP500 to catch up, and now are all aligned:) ).
Technically, the picture is bullish and crystal clear, with a price waiting for a trigger to break above the triangle's resistance.
CPI could provide this trigger and, in such an instance, bulls could push Dow above 35k.
P.S: I don't think we are out of the woods and this optimism will last, but I've learned to now argue with the market
Uncontrollable Inflation?Will inflation get under control? This is a question that spins on my mind.
This chart clears the picture.
On the top of the equation we have "long-term inflation", calculated by GOLD*PPIACO
On the bottom we have the true equity value, calculated by modified-yields*SPX
modified-yields = US10Y+1+1/US10Y. It follows the standard US10Y chart.
This chart tells us something alarming, that no matter the politics, we are inside a massive bull-flag.
This chart below, measures the long-term inflation compared to total-money-earned-from-bonds.
Another golden bull-flag appears, which found support on the 1980 peak.
Commodities could over-perform any attempt we have at stopping the inflationary pressures.
Any upwards move on yields, will have multiplicative increase in commodity cost.
Take a look at SPY_Master's ideas regarding bull-flags. He is the inspiration of the GOLD*PPIACO chart.
He basically used GOLD*DBC as a good measure of inflation. I replaced DBC with PPIACO for longer-term analysis.
Now I will explain how and why these charts work.
On the top we have GOLD*PPIACO. Gold is measured in dollars, while PPIACO not exactly... So on the numerator there is only one occurence of dollar value.
M2SL moves exponentially compared to PPIACO. So PPIACO by itself doesn't get inflated by money printing.
On the denominator, on the one chart we have (mod-yields)*SPX, which is again measured in dollars, but SPX is transformed for the "true" value of dollar. I thank SPY_Master once again for the inspiration. He invented the SPX/(1/US10Y) = SPX*US10Y chart.
On the other chart we basically have the total money made from bonds. Total money printed is transformed for their cost. In reality this denominator measures the true value of all money printed. So it is once again normalized.
Finally, look at this chart which compares equities with long-term inflation.
Any upwards move on equities, will have multiplicative increase in commodity cost.
Tread lightly, for this is hallowed ground.
-Father Grigori
PS. I am not a trader, these charts are not "tradeable". In fact, they could give someone second thoughts on investing. I don't have second thoughts on investing. These charts help us understand that sometimes, things are not as straightforward as we would hope.
PS2. To anyone who hasn't played Half-Life 2, Father Grigori is the guardian of a city called Ravenholm. We don't go there anymore.
PS3. My name implies that I am a priest of sorts, I unofficially could be one. Officially, I am not a priest. I am in love with how nature (and God) shows up in the most amazing of places. These golden flags are not random... Nothing is random. For example, look at this incredibly accurate chart.
PS4. Please don't fill this comment section with arguments about faith and God, if you believe in one (or many) or if you don't believe in one (or many). These kinds of conversations tend to go up in flames. Please keep the peace.
Possible Movement After CPI 2/14/2023Possible price movement going towards the CPI data on Feb 14th, 2023. Good luck trading!
AW Dow Jones Analysis - Next Bull Market Closer Than You Think..In this video I do some live analysis as I change the labels for Wave D and explain how we are on the cusp of the next bull market.
Now we are beginning to see a raft of confluence across several markets that indicate that there is not long to go before that happens.
When I see similar things (Not the same) across several charts that start to align it become easier for me to prefer one view over another.
My main goal here is to not miss the beginning of the bull market in Cryptos and have fun in the process of doing the analysis on the other markets.
Refining my ideas takes time as I whittle down the possibilities using the methodology I created.
My analysis gives you extremely unique insights into the markets.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Dollarization Will Push US Stock Market To Levels Never Seen...Everyone is talking about de-dollarization but nobody is talking about dollarization. This is part of IMF's plan to dollarize the world and change the name to "One World Currency". The future is much brighter than a lot of people think. We are heading towards a world where stock markets around the world is going to do very well due this one world currency. Boarders and barriers between countries are going to taken down where we start treating the world as one country. Any person with clean record can travel wherever they want with no restrictions. Also no barriers in world trades which will bring world's economy to levels we never witness. I see a much brighter future ahead...
Possible Price Movement For S&P500 Week Of 2/13/2023...Major bounce on Monday is likely and a major price drop on Tuesday is also likely... Happy trading!
US30 SHORTGetting some signals on US30 to short the crap out of it. Betting that we gonna see the same stuff across other markets I'm currently building short on US30, DAX, US100 (propably most risky at the moment)
DJI30Looking and watching Re-testing previous movement and re-down from the above downtrend line,
Our stop activates only of the price goes up and stabled above it.
Calculate ur risk, this is a good chance besides my view of NASDAQ.
CURRENCYCOM:US30
DJI Potential to Previous swing high On the H4 chart, the overall bias for DJI is bullish. To add confluence to this, the price is crossing above the Ichimoku cloud which indicates a bullish market. Looking for buy entry at 33607.93,take profit at 35428.85, stop loss at 35428.85 which is the recent swing low.
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DJI potential for bullish rise to previous highLooking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a buy entry at 33704.98, where the support is. Stop loss will be at 32948.93, where the recent low is. Take profit will be at 34712.28, where the previous high is.
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US30 Potential Sell off.My overall consensus for the Dow Jones is to drop back down to the October lows and take them out.
How we will reach there will vary but I'm looking for the downside momentum to carry on from today into tomorrow, and into next week.
Trade safely traders.
This is not financial advice.
SPX | The RSI WarningRelative Strength Index, is one of the most famous indicators. If analyzed correctly it can show us warnings very early on.
Look at this period between 2010-2014 for USOIL
Price is supported by a very wide ribbon, while RSI is under significant resistance. When we are talking about such wide timeframes, RSI action is VERY important. One could say that RSI analysis is more important than price analysis.
On to the protagonist, SPX...
While price is under WIDE support, RSI shows the oncoming weakness.
After the recession, this is the confirmation that we reached a bottom.
Onto todays outlook:
Tread lightly, for this is hallowed ground.
-Father Grigori
dji short idea ello everyone
how are you all. I am saying this area is date of 27 January the first witness in this index. and then we say the weakness is so much high and then prices going to upside but he didn't break the Last high. and then he came down also and there is also I am seeing a very good weakness in the next few days until 6 February nowadays today or next day we will see a good fall from this level price is 34200 is a major level and my opinion is a good sell Entry from here
and my SL is 34 415 and TP is 32 9 55 let's see how price react
thank you
DOW JONES Triangle trades and breakoutsDow Jones is trading within a Triangle pattern that starting forming on November 3rd.
So far we have have several rejections within its Lower Highs zone and rebounds within its Higher Lows zone.
Trading Plan:
1. Buy when the price touches the Higher Lows zone.
2. Sell when the price touches the Lower Highs zone.
Targets:
1. The bottom of the Lower Highs zone.
2. The top of the Higher Lows zone.
Tips:
1. If the price breaks above each Resistance, buy and target the next one. Vice versa, sell if the price breaks below each Support and target the next one.
2. The RSI is trading within its own Triangle. A breakout can be a leading indicator as to where the price will break as well.
Please like, follow and comment!!
DOW JONES Scalping range emerged and our medium-term plan.Dow Jones (DJI) got rejected yesterday following Powell's speech as the Resistance Zone of 34300 - 34370 held (August 16 and January 15 Highs respectively), we expect it to turn neutral for a while and trade sideways within the rough 33640 - 34180 Scalping Range illustrated on the chart.
The 4H MA50 (blue trend-line) has assumed the role of the Pivot and the 4H MA200 (orange trend-line) that of the Support. Our short-term trading plan is to scalp this range for as long as the price remains/ re-enters inside it. On the more medium-term, above the green Pivot Zone we are buyers targeting 34300, while below the Higher Lows trend-line we are sellers targeting 32700 (above the 32480 Support). Similarly, we will take the buy break-out if the price breaks the 34370 January 15 High and target the 34910 December 13 High.
Keep in mind that this Higher Lows trend-line is what helped us take this accurate buy entry 3 weeks ago as you can see on the chart below:
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DOW on a bullish price action 🦐The Dow Jones Index is currently facing resistance at the 34,200 level, and the recent speech by Federal Reserve Chairman Jerome Powell has created a bullish sentiment in the market.
The trendline for the index appears to be ascending and if the index were to break above the 34,200 resistance level, it could signal a buying opportunity for investors according to Plancton’s strategy.
The market's reaction to Powell's speech and the potential for a break above the resistance level are important factors for traders to consider in their decision-making.