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V (DJI) - When Break Price Fly Up
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.
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GWBFX
Stock Indices video analysis $SPX In this video overview, we will take a look at the $SPX, $DAX, DJIA, NASDAQ, and Nikkei. Key levels are on test
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!
WALL ST VS OIL CORRELATIONKeep an eye on the price of oil as there is a direct correlation with DJIA due to % of energy related stocks
Stock Indices video overview $NASDAQ $DAXIn this video overview you can see analysis for Indices $SPX $DJIA $NIKKEI $DAX
These violent delights have violent endsThe DJI is now contained in a channel up to resitance around 37,000. I was watching Romeo and Juliet and the above quote hit me like a brick wall. The crash from 40,000 will be something to behold.
DJIA AT A KEY LEVEL The multi year bull channel coincides with the steep rally channel from March lows so these levels are key for breakout or profit taking
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
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.
𝗗𝗼𝘄 𝗨𝗽𝗱𝗮𝘁𝗲: $YM_F Daily. Retest of Feb ’20 High HoldsRetest of Feb ’20 highs as support held and a big reaction. $NQ_F leading but won’t be surprised if other sectors join
$DJI $DIA $SPX $SPY $ES_F $NDX $QQQ $VIX #DowJones #ElliottWave #Trading #Stocks
US30 (Dow Jones)Just as in the Dax, another high could be in store for the Dow. However, I think this scenario is more likely in the Dow. In this case, the Dow would also have only one more x built-in on Friday. I have rebuilt my count a little compared to the last post, by placing the red x of the orange (z) now on the low at 29430. In the now running yellow circled z we would have here an ideal target of 31980 in whose proximity is also the 1.00 extension of the red y. This is at 31749, so that a run-up to this area is currently the most likely scenario. However, my last count remains valid until the break of the high.
Traders switch from Indices & Gold to BitcoinDespite all of the fundamental reason and environment indicator, all traders has been switched to the bitcoin.
Right now I have been invest in the bitcoin and make it as an investment non traded.
Unlike the indices and gold, we must rely the main factor.
On the other hand, online system working from home thus the online money, making the bitcoin in demand.
Bitcoin is a second income that back up the indices and gold apparently.
The bitcoin has be in trend after it reached to the $30,000 value.
Compare to the other 4 years back while bitcoin still on $400-$500 in value.
Now, bitcoin and all other altcoins trader looks into and they want to get rid the political issued
on the indices and apparently gold has comin into issued plus with the dollar from $103 value
going to the $0 value in the future.
Regards,
Zezu Zaza
2048
