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Djia

DJIA long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
ULong
by GWBFX
4
I believe that Gold is gonna blow off then jump down.This is an early development but, I believe that since GOLD is in a downward trend in the short term, a breakout will occur but then once it reaches to 1950s, then I expect a drop-down or a continued up. Just a theory. The RSI is in the normal territory, which does not signal it is a blow-off or a blowdown but check the coming days and then see if an up is made or a down is amde. Warning! I am not a financial adviser and take this with a grain of salt. Happy trading!
TVC:GOLDLong
by informalStar16695
DOW JONES INDUSTRIAL- ELEVATOR DOWN 11%DOW JONES INDUSTRIAL AVERAGE INDEX 1Hour Timeframe Short term idea: SHORTING Hello there and welcome! This one will be a quicky: -RSI: We can observe, RSI making lower lows as well as lower highs. The price -Volume: Volume is decent, but declining. It is weaker than the days before. Might turn to a bearish trend, when it first lowers and then rises while dropping to the next support zones, at what point we want to see high volume again, to determine a (temporary bottom). -Fibonacci Tool: The Index is at the 50% retracement exactly. While we dropped down from the all-time high, this is the retracement. In this retracement, we are currently back up 50%, which is an absolutely normal counter-move of a big bearish drop. In most cases, the bear trend continues. I would not give too much about the fib-levels, though many people using it, there might be some information about market behavior. -As you can see, the market tried to push through the 50% retracement level 4 TIMES. This is the fourth time, and each attempt became weaker and weaker... Expectations: I expect a decline to 20800 in the coming days! From that point, we will manage our trades again and rethink! Have a nice day, your german-quality-trader
TVC:DJIShort
by GER-Quality-Trades
2
DJI broke down the first level of support!While everyone in the social media is talking about another market crash in 2021, and the inverted yield. DJI is showing signs of weakness and volatility which can continue for some time. Scenario 1 - downtrend: DJI broke below the 100 moving average, it has also broken the daily support trendline. This indicates either a downtrend momentum is happening or a correction to next previous resistance level that should act as a strong support. Scenario 2 - volatility and continue the uptrend DJI would just fall into volatility for 2 months and then continue its path to uptrend.
TVC:DJIShort
by Skypips
1