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Dow Jones (DJI) | Small correction♻️Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the count, the main waves 1, 2 and 3 of this process have ended and now we are inside wave 4. Wave 2 is the main correction shallow and short, so wave 4 is deep and long in terms of price or time. Given the structure that has been formed so far, it is more likely to be time-consuming. Its current structure is similar to a flat, a flat that has no relation and is formed without any rules And we still assume that this correction has either continued in the form of a triangle or in a complex way, and now we have to wait for the ascent for the d or x wave. If Fibo 0.23 is broken, price correction should be considered for the trend. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJI
by mahdisoltaninjad
3
Bitcoin Undecided and a Look at some Altcoins(0:40) #DXY #Dollar Index - dropping (1:10) #VIX #Fear #Index - spiking (2:30) #DJIA (2:50) #SNP (3:00) #Nasdaq (3:10) #QQQ (3:25) #BTC.D (3:51) #EthUSD (4:15) #BTCUSD - Bitcoin is still overall in bullish territory. A drop below our black ascending trendline would cause me to become bearish, if confirmed on the daily. This still has not occurred. (6:22) #altcoins #agldusd #btrstusd #jasmyusd etc. - All altcoins are depending upon the big dawg at this point, #BTC
INDEX:BTCUSD
by stewdamus
2
DOW JONES The RSI on 1D and 1W signal rally ahead.This is Dow Jones on the 1D time-frame. The price made a bottom just before the 33040 Support of the June 21 2021 Low and is rebounding, about to test the 1D MA200 (orange trend-line) as a Resistance. Below the chart, I've placed the RSI both on the 1D and 1D time-frames. On 1D, the RSI hit the multi month Support and rebounded and on 1W it hit the bottom of a 5 month Channel Down and rebounded. All these indicate that the market has formed a bottom and is at the early stages of a rally towards the Higher Highs trend-line. My target is just below the 1.236 Fibonacci extension at 37000. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
3
DJIA Is Rebounding from The Lower Boundary of The Upward ChannelThe DJIA has been moving in an upward channel since around mid-June 2021. Recently the index formed a long bullish hammer candle that successfully confirmed a significant support area of a rising window/gap at 33,175 (this is called the cluster of candles). All the last week candles closed over the lower boundary of the rising channel and the 0.236 Fibonacci retracement level at 34060 as well as the 251-day EMA. In addition to this, there is a bullish divergence signal from the Williams %R out of the oversold zone. Therefore, the index is moving to test the levels at 35063, 35513 and 36152. In contrast, declining below the levels at 34060 and 33160 should indicate a further bearish move ahead.
TVC:DJI
by MohammedEl-Sherbiny
Dow Jones (DJI) | Small correction♻️Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the count, the main waves 1, 2 and 3 of this process have ended and now we are inside wave 4. Wave 2 has had a shallow and short correction, and accordingly, Wave 4 becomes deep and long in terms of price or time. Given the structure that has been formed so far, it is more likely to be time-consuming. Its current structure is similar to a flat, a flat that has no relation and is formed without any rules And we still assume that this correction has either continued in the form of a triangle or in a complex way, and now we have to wait for the ascent for the d or x wave. If Fibo 0.23 is broken, price correction should be considered for the trend. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJILong
by mahdisoltaninjad
6
SP500 UpdateThose who stayed short - well done! The message of this chart is that for the remainder of this and early next week, the price can spend consolidating. I do not do intraday trading, hence, the strategy would be to take it easy, watch waves and add shorts if opportunity emerges. The price can continue crumbling down - I do not rule this out. At this stage of the move, it is better to stick to existing positions and watch. For that reason I do not endeavour to label wave 4 in the making. Overanalyzing hurts trading. What do you think?
FX:SPX500Short
by Fomenka
1
Some Indicators you can utilize to help evaluate this market(2:00) Dollar broke above a bull triangle (2:43) SNP Chart - Gap fills on the 1hr/4hr (5:36) Nasdaq and DOW gap fills (6:20) Sell volume capitulation on the QQQ? (7:38) VIX fear spike - 7 days in a row (8:39) Bitcoin chart - do we have confirmation that the buyers are back? (10:54) A new experience for me on the charts (12:05) Huge resistance ahead for Bitcoin! (12:40) Over 40% of short term hodlers with NUP! (13:23) Could this be another V-shaped recovery? (14:00) BTC dominance has hit resistance (14:30) How to measure data (15:26) VMC Cipher B indicators (16:09) Previous Death Cross time frames and price action (17:45) Will Feb. 13-14th be our final bearish moment? (18:20) Some of the negatives that we still need to account for (19:22) $35,837 is our line in the sand. Or is it?
INDEX:BTCUSD
by stewdamus
Dow Jones: Superman to the Rescue! 🦸As we all clearly feel these days, the markets are knee-deep in a phase of correction. We know, this can be alarming, but never fear! There is hope for rescue! It’s a bird! It’s a plane! It’s Superman! Like Superman rushes down to catch his crush Lois Lane in free fall, Dow Jones has rushed down into the orange-colored zone between 33518 and 32614 points. And just like Superman caught Lois Lane before she hit the ground, we expect Super Jones to end wave C in green within the orange-colored zone and before hitting 32500 points. The index should then fly up again, his red cape fluttering behind, and aim for 35221 points. From there, its superpower should be strong enough to shoot it to 36446 points and higher.
CBOT_MINI:YM1!Long
by MarketIntel
1
DOW JONES hit its 1W MA50, 1st time since the U.S. elections!DJIA hit the 1W MA50 (red trend-line) for the first time since November 02 2020 and the U.S. elections. At the time, this was the final bottom of the post COVID Channel Up, the index never saw this level again and the strong 2021 rally started. Besides the 1W MA50, Dow also made a direct hit on the Higher Lows (bottom) trend-line of the long-term Channel Up that started early in 2021. The 1D RSI also just entered its long-term Support Zone, which provided 3 out of 3 accurate buy signals before. As long as this pattern holds, the next long-term target and Higher High for Dow Jones is the 1.236 Fibonacci extension (TP just below at 37000). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
5
Tech Stocks - You got the curves ....Comparing these 4 major indices, you can see clearly that Nasdaq index is the one with the strongest retracement to date. We can see the SPX500 , DJIA and Russell are showing signs of fatigue and probably the price action will consolidate for a while here before we see the next action. If based purely on stock market being a leading indicator of the economy, then we can rationalise that the bull run remains intact. That means the other 3 indices must catch up with Nasdaq. However, if we think that this is a merely a bear market rally albeit a fierce retracement, then it is a matter of time before the price tumbles down. Review the 2008 chart and you will see that it has retraced by more than 60% before it tumbles down. We are only halfway there thus far (not saying it must reach 60% before coming down) Another angle I was thinking many of the tech stocks like Apple, Facebook, Microsoft ,etc can easily have their employees work from home thus fulfilling the social distance measure and still get work done ! The small caps companies forming the Russell 2000 index may not have this luxury as they are more of manufacturing companies. They tend to be from traditional business and not the disruptive fintech type. In weeks to come, when we look back at this chart, it would be more meaningful.
NASDAQ:NDAQ
by dchua1969
The markets may have actually topped...and let it be said that if it hasn't topped as of right this moment...it is FREAKING CLOSE... like sooo close. I can feel it in my bones. The dollar is blowing up. Fed is tightening (so far) They may reverse course and print infinity but that would cause a currency crisis which in my opinion would be wayyyy WORSE. Crypto and other momentum assets are dropping like stones. Cannabis stocks are ironically up. (which I think of as a recessionary signal, similar to cigarettes or alcohol stocks going up during bad times.) We haven't had a 10% since Oct 2020 which is only 10 because I rounded up... The DJI has produced an average gain of +50% per year over the last 2 years sine the massive monetary and fiscal stimulus. What is the average gain per year? How far will we need to fall to get back to the median line...? I think this is the big one. To be honest I thought Mar 2020 was too, but that was just the warning signal. And that huge red arrow there is not the end of it... if this debt bubble is indeed bursting then one would assume that all of the progress because of said debt bubble should be erased more or less. So....at LEAST the last 12 years Hahaha! oh...it hurts... But yeah. This is what I see. What do you see?
TVC:DJIShort
by MonetaryRebel
6
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In this index, only the main 1 and 2 waves are formed and from the 3rd wave, the 1, 2, 3 and 4 microwaves have ended and are now inside the 5th wave. Wave 4 of wave 3 consists of three waves, two of which are formed before breaking the trend line, one wave breaks the trend line, and wave 4 ends after breaking the trend line. We suggest that wave 5 ends near Fibo 1.618 before the trend line or by hitting the trend line and then breaking the red circle to form a descent for the main wave 4. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJILong
by mahdisoltaninjad
3
DOW JONES could enter an accumulation cylinder if the MA50 holdsEverything went according to plan since my last update on Dow Jones as we accurately caught the December 20 bottom and today the 37000 target has been almost hit, so it might be a could idea to book medium-term profits: I have to update our outlook now as a new pattern may emerge as per the late 2020 price action. That is an Accumulation Cylinder (as per Livermore's speculative model) that technically leads to a new High. The technical condition for this to arise is for the 1D MA50 to hold. In fact there are so far many similarities with November 09 2020, which was when the last Accumulation Cylinder took place: a) The price is near the 0.236 Fibonacci extension. It was at that level that the rise stopped, the price took a relief break but the 1D MA50 held and the cylinder started. b) The Ichimoku Cloud squeezed right before the Cylinder started. c) Both rises that preceded the Cylinder started on a 1D MA200 (orange trend-line) rebound d) Both were at the end of a long-term Channel Up. e) The sequence that completed the Channel Up and started the Cylinder was a Zig Zag Higher Highs/ Higher Lows displayed by the bold black arrow. On the other hand, if the 1D MA50 fails, we should most likely see an extension of the Channel Up. In that case Dow should hit at least the 1D MA200. Basically the most optimal buy entry in the past 6 months within the Channel Up has been the 1D RSI's Buy Zone (green zone). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
4