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DOW JONES NOT REVERSING YET: WEEKLYThe Dow Jones Industrial Average is still looking like a strong bull on the weekly timeframe. The candles have not yet formed a reversal pattern, there is still potential for the upside after breaking the previous top. On a weekly candle once a pin bar formation of a strong reversal Doji forms then we can talk about the potential downside. For now, the target is still the top of the channel at 28650-28700. There is a potential for a slight retrace but price should not get much below 27300 on a long-term perspective. That will ensure structure holds well bullish. Each failure off the top of the channel was followed by a 6.60% retrace, for that to occur price has to move up to the top of the channel, IF there is a 6+% retrace, the channel and bull structure is broken and the move lower can price the Dow Jones into correction territory.
TVC:DJILong
by TRADEPROAcademy
1
DJIA - Dow Jones Overbought, President Race 2021, BitcoinShort-Term DJIA is overbought with RSI over 75. On the Daily, we are going to see a correction in the next 4 weeks. RSI over 80 or greater and we will have a decent correction in my opinion (RSI 80+ is like December 2018 selloff). Long-Term From where price meets white line resistance in December 2018, we use same 427 Day Period. 427 from current price brings us to January 2021. January 2021 is when the outcome of the Presidential Election is confirmed - 427 Days. November 2020 is the Presidential Election. Bitcoin Correlation Bitcoin Halving (when supply is cut in half) occurs May 2020. Price normally peaks over a year after halving. December 2021 giant 10-year white wedge on chart basically has no room, while Bitcoin is peaking, and we have political uncertainty. Bitcoin and other hard assets like Gold may see a supercycle if: -government adds to $13 Trillion sovereign debt, go towards zero interest rates, and continues printing money like September 2019 with "not exactly QE $200B a month". Confirmation Multiple charts are telling the same story at around the same time. If the 2Yr/10Yr inversion holds correct (with it's 100% track record over 90 years), we have about 1 year. We should be prepared by July 2020 in my opinion at the latest. Earlier the better. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short - AAPL , SPY.
TVC:DJIShort
by MoneyPatterns
Thoughts on the Dow Jones Heading Into the WeekendHope you guys enjoy the video, be sure to leave a like, comment, and follow for future posts! The Dow Jones was down about 600 points today as President Trump continued his sparring session with China, and increased tariffs yet again. We can see a dangerous M forming on our 1 day time frame and I indicated crucial support levels with the fibonacci as well as the dashed red line. If those levels do not hold, we will see the Dow take a plummet in the next week, and the talk of a recession may become a reality. Looking at our shorter time frame, we can see the Megalodon timer giving us a green. I hope that this is a sign that buyers will hold the support levels for the Dow Jones, and hopefully the US and China can come to an agreement soon, so that we may continue our bullish run in the stock market! Our most powerful indicator called the bottom on Bitcoin! Check it out here!
TVC:DJIShort
by RandallGurule
What's Next For the Dow Jones?The Dow Jones has been all over the news as always, but very volatile as of late. With trade wars escalating, the question of a recession is at the front of the headlines. If we look at our 1 day time frame we can see our fibonacci retracement level right below the dashed line I put on the chart. This is the danger zone. Looking at the chart pattern we can see a dangerous M beginning to form. The MacD also looks suspect as the DJI had a rough day. If the Dow cannot hold these levels between the dashed line and the fibonacci line, we may really see a volatile downwards movement. It is not looking great. If we turn to our shorter time frame though, we can see that the Megalodon timer is giving us a green. Hopefully this will be enough to boost us back upwards, because if not... the talk of a recession may become a reality! The Megalodon indicator uses a machine learning algorithm, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! You will also receive real time buy and sell signals for the stock market, cryptocurrency, as well as forex markets! We also completed our cryptocurrency automated trade bot. It trades for you, using our backtested indicator with phenomenal results! Click the link in my bio and try out the megalodon indicators today!
TVC:DJIShort
by RandallGurule
DJI big fall aheadThe Dow Jones hit historical maximums. I believe this is just a bull trap and a big fall is on the cards. We see on the chart a big RSI divergence and the price printed somewhat of a doji just before season earnings started. Also MACD (not in picture) confirms the bearish momentum. It has been reported that earnings this quarter are going to be pretty bad and the Fed rate cut has probably already been weighted in. A fall to the 26700 area will happen in a quick way. I believe the correction will be stronger and a fall all the way to the 25400 area is very very plausible. I am ready to short this market at the minimum retracement. Do you have different ideas? Let me know in comments!
FOREXCOM:US30Short
by MicKi
Recession Part 1 : The Dow CrashSince last recession(2007-09) DJI have been growing steadily in last 10 years without any break. All impulsive trends comes with pullback/recession/ and DJI is no such exception.. If dow jones cant hold above the redline (21640) we might see big down trend coming in markets which has already been started. Few reason: www.nasdaq.com www.theguardian.com www.washingtonpost.com If recession comes then it would be a new opportunity in coming decade and can make you super rich and wealthy.But the question is will you be at the right side of the trend?
DJ:DJIShort
by TheEWGuy
Daily DJI(Dowjonies) Forecast View26-Jun Forecast timing analysis by pretiming algorithm of Supply-Demand strength Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations. Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend. read more: www.pretiming.com D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 0.2% (HIGH) ~ -0.5% (LOW), -0.1% (CLOSE) %AVG in case of rising: 0.8% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE) %AVG in case of falling: 0.2% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE) Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
DJ:DJI
by pretiming
Daily Dow jones forecast timing analysis.Stock investing strategies Read more: www.pretiming.com Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk S&D strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises. Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend. D+1 Candlestick Color forecast: GREEN Candlestick %D+1 Range forecast: 0.5% (HIGH) ~ 0.1% (LOW), 0.4% (CLOSE) %AVG in case of rising: 0.8% (HIGH) ~ -0.2%(LOW), 0.6% (CLOSE) %AVG in case of falling: 0.2% (HIGH) ~ -0.7%(LOW), -0.3%(CLOSE) Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
DJ:DJIShort
by pretiming
DOW/DJI Market Analysis - Entering Consolidation PeriodDOW/DJI graph looks like it's in consolidation.The blue lines (solid and dotted) represent areas where I expect the price to go up/down to. They are the support and resist. The green circle represents a period of time where I think the consolidation will come to an end. What is consolidation? It's when the market is undecided if it will go up or down. What happens when the consolidation comes to and end? We will see a move that will "break" the blue lines and head up or down. The way current conditions are, this consolidation period will come to and end between January 2020 and May 2021. We could then see a crash or break-out. The move up or down, when we come out of consolidation, might be slow as well. The lowest the price will go (before the end of consolidation) is around 22000, the highest around 26500. This is not financial advice. Remember that everything is dynamic and up to interpretation of the trader and the tools they use. I will keep updating this graph every so often as conditions change.
DJ:DJI
by HeliosGamma
DJI LONG BREAKOUT 15.3.2019 11:30 NYTNow we have an interesting sign here. DJI has break ot of the short channel (i have marked them in red) and comes bak to our well known blue trendline from 11.3.2019 Thats a really strong sign. DJI managed not only to go sideways out . Strong up and trading along the long line in blue. I exspected now higher prices Also to notice We have taken out the resistance at 25757 and thats also a fine long sign. I will update that at end of todays trading.
TVC:DJILong
by Renkotrade
DJI Situation 14.3. 10:00 NYT SHORT but possible tredn changeDJI has managed to get our off the sharp short channel i had marked fe day ago into a more wider short channel now i have marked in red to see them easily. But since 2 days we have also an established long trend to see at the blue long trendline which i have marked as support on the long side. Now we only can wait what will happens next. a) a brake of the blue long line as stay in short or b) a brake of the red line to get in a neutral and maybe long aerae. Both possibilities are equal weighed in my eyes and i cant see any advantage for one of them to forecast Lets check the DJI end of today trading, i am shure we can see more clearly the situation.
TVC:DJIShort
by Renkotrade