DIA
DIA: Ready to Fill the GapDow has shown recent bullishness however that might be coming to an end soon. We gapped up today over a low volume area but we have several confluent supports coming up in that zone including anchored vwap, moving averages and trendlines.
I do expect us to retrace and fill at least some of this gap, but we may go lower to test the vwap's and moving average supports.
On top of that, we also have our moving average delta indicator beginning to turn down which signals the momentum of a move or a possible reversal, in this case it looks like downward momentum is gaining.
Of course we could get news to send us higher but I have a lot of concerns with the gaps beneath us and the volume support. I am short term bearish on the dow because of those reasons but things could always change!
Ideally, the bulls need to gain control above the bottom wedge trendline for me to have bullish confidence.
AMEX:DIA
$DIA REMAINS WEAK (STILL BEARISH)* TAKE AWAY FROM POST: We're expecting to see
*NOTHING HAS CHANGED, still seeing the Possible second wave of implosion
Minimum target is 15% in blue.
Although we are still seeing weakness in the market, it is imperative to remember that this is a longer time frame.
Meaning, It could take weeks/months before we start to see significant price movements.
We also believe that we could see a climatic top (10-20%), since the price is ranging above major support/resistance level, before the market shifts.
***As always, let's talk about it***
US30/DOW 16H: Massive CRASH or PULLBACK? End of Year Rally?Why get subbed to me on Tradingview?
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US30/DOW 16H: Massive CRASH or PULLBACK? End of Year Rally?
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because short-term I expect
more losses before reversal BULLS later.
🔸 Summary and potential trade setup
::: US30/DOW H16 market overview/outlook
::: please review my other idea in VIX
::: because that's the foundation of this
::: trade setup as well
::: price currently stuck in RANGE MODE
::: However: strong rejection/ DOUBLE TOP
::: means we will get more follow-through selling
::: STRATEGY: SHORT RIPS/RALLIES
::: Bears EXIT at 26400/26000 points
::: Expecting MILD downside next 1-2 weeks
::: regardless of the outcome in the US Elections
::: Initially we will get selling
::: And volatility spike in VIX (up to 40%)
::: then reversal in VIX and US30/DOW
::: recommended strategy: WAIT FOR FIX SPIKE
::: to 45.00 and then ENTER LONG US30/DOW
::: near 26 000 points - best RELOAD BULLS
::: TP1 BULLS 29 000 points TP2 BULLS 29 500
::: fully expecting END OF YEAR RALLY
::: no fast/miracle gains here - patience required
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: BULLS END OF YEAR RALLY
DIA/BTC (Bearish Pattern Confirmed)💎Technical Analysis Summary💎
BINANCE: DIABTC
-The Bearish rising wedge pattern has been confirmed
-The trendline support finally failed and the Bears entered the market
-If there will be follow-through by the Bears in the coming hours or days
-The downside target is around 900s sat area
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
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Not Financial Advice 💸
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1:9 Risk/Reward Ratio NOWLow risk entry NOW. The trend is up until this channel breaks with volume.
Please feel free to check out my other ideas, I really want to help people understand the market the way that I do.
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WHat do we do on red days?It's easy to make money when everything is going up. but what happens when we hit a red day in the market, or even week-long red days? We hunt.
AS every good hunter knows, it's best to hunt when there is blood in the water.
We start by filtering all of our watchlists by percent gain for the day/week/month or whatever time frame you trade on. WE are looking for the stocks to go against the flow of trading. Green stocks.
They act like rubber bands when the market returns to positive territory.
so in conclusion, when the market is moving against you, look for stocks that show strength and look for opportunities there.