$DJIA at trend line bottomI was struck by the very low volume on the 500-point drop on Friday Dec 14th, the marubozu pattern (no tails), and the fact it was at channel bottom. All these suggest a pull back up.
Djiaforecast
DOW JONES to FREE-FALL in 2019 - RISING WEDGEThe Bull Market is finally over after the last 10 years BULL RUN WITH a FINAL PARABOLIC.
We have reached a matured stage of both TECH STOCKS and TRADITIONAL STOCKS Market.
It is high time for a heavy free-fall and an ending bearish engulfing should lead the start of a stock market SLAM DUNK in 2019.
OMFG, look at that interest rate now from the FED.... Isn't it obvious what's imminent?
#Disclaimer, this is just a forecast. Happy Trading and good luck folks 2019 - FTD
DJI -> DOW JONES - UPDATE FOR THE COMING WEEKDJI (DOW JONES) has made some retracement
expecting a small reversal again before the bulls
come back in
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
$DJI chart update from previous setup was a BEAUTY $$$Cant get much better than how this trade I spanning out.
DJI - DOW JONE - UPDATE - FOR FREE - :) - LOLDJI (DOW JONES) should be retracing to Fibonacci retracement level of 0.618 as per the blue arrow.
Also Stoch RSI is going is also on the up
See previous analysis
PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
DJI Bear Market Probability?There is a negative divergence for the RSI; also it seems to form a head and shoulders pattern. There is quite a probability that monthly candle might form an engulfing bear, if you see that, it is a good sign of entrance to bear market.
DJI Looks peaked + Bearish Divergance on WeeklyDJI has a massive Bearish Divergence on the weekly. RSI shows a top rejection.
Looks like the perfect storm for an economic crisis.
A Topside Breakout of the Broadening Top on the DowSometimes there are topside breakouts on broadening tops, when this occurs a parabolic spike almost always follows... If today is a one day reversal and the Dow blows through the top, here is my short term price target on the move.
DJI 3 Key Scenario Hello folks, there is my view on DJI =)
Here are the my view with 3 price move variations,
Always wait till price set up above/below level, wait for Retest and Enter into trade!
The Orthodox Broadening Top - Is a Crash Around The Corner?The 4 charts seen in this post are all from different time periods, all the same pattern, and all have the same result (except present day). Ladies and Gents 3.01% - I present the Orthodox Broadening Top (Parabolic Edition). This is a simple pattern - high, low, higher high, lower low, higher high, crash. The 1st chart (top left) is the Dow leading up to the massive crash in 1929 and the Great Depression. I'd like to point out that 1905-1920 was a sideways secular bear market before the run up (more on that in a few). I have noted years on the chart (all of them that aren't present day) where the chart seems to correlate with today's. The 2nd chart on the top right is Silver -0.20% . After that last spike, from high to low, it seen a crash slightly above 72% occur. The 3rd chart (bottom right) is the Dow back in 1959-1966. This was leading into a 16 year sideways secular bear market (like the one from 1905-1920) that was from 1966-1982. The bottom left is the final chart, which is present day. I wanted to point out that a secular bear market predated the crash in '29, and we had a secular bear market most recently (66-82) and haven't had one since. Could a crash be around the corner? If history tells us anything - that or a secular bear market seem to be coming sooner than later.
Bear Market Bounce? Descending Triangle Short TargetI think the pattern is more evident here on the Dow Jones, when compared to SPX. The next leg down (when measured from peak to baseline) has us right at "bear market" territory. From the current high (open/close) a close beneath 21293.368 puts us below the 20% threshold, and while we may dip to this area, I'm not so certain we will close a session beneath this spot (not yet, anyways). I see two possible scenarios, the 1st is if the market caves fast and we begin the next leg immediately, the 2nd includes a possible bounce within the descending triangle formation before completion of the pattern. I would like to point out, that if there is a bounce at the 22.5k area which retraces higher than 50% of the immediate fall, that would indicate a possible reversal due to the weakness of the pattern breakout. The latest I see this playing out by is mid-June, though it could happen at any time before then.
Head Shoulder Ratio: Worst-Case Scenario? Let's Hope So (Part 2)So I have been tracking this pretty extensively, just haven't posted my findings (which up to this point have been spot on) until now... Why? Because this is such a far fetched scenario, I feel in the rare event this does happen - if I don't have some kind of proof that I caught it before-hand no one will believe me lol... Now, this is part 2 which is the 30 minute chart, to show the details a bit more... The weekly shows a big nasty bearish engulfing candle, which means these last 2 weeks were simply a giant bear flag... I am expected the next trendline to be tested next, possibly another bear flag, and the testing the trend line at the bottom... Why that specific spot? Well that's where it gets interesting... The peak of the market formed a head and shoulders pattern which was abruptly followed by a very nasty spill... This current bear flag looks to be setting up a very similar head and shoulders as well... So, just playing around, I measured the top HnS from low to high, then did the same with the current pattern (actually the low from March 1st) to get a size ratio... I then took this ratio, measured the 1st fall (to the lowest low, not the 1st low) and applied it to see where it would show another possible fall based on the size of the bigger pattern... Well, to my surprise it landed square on top of the 2015/2016 market correction - which is a very likely support area if it were to fall... Not only that, but it is also right where a major trend line from the bottom of the last bear market in 2009 is sitting at... Is this a coincidence? If so, it's a pretty big one lol... Even with the current low on March 2nd we are still placed right there in the same general support area... I think Monday will see a pop and fade before the reversal and what I expect to be a monster plunge to 22k... So needless to say - I will definitely be purchasing put options into the spike of the right shoulder...
DJI - Triangles suggest that the worst may be overShort-term consolidation seems to be over. The Dow-Jones Industrials Average (DJI) is breaking out of the symmetrical triangle to form an ascending triangle. The DJI should continue to rise in the days and weeks to come. Long DJI!
The Dow's run to 265 offers a great opportunity for fast cashAfter breaking the symmetrical triangle last Friday, the DJIA's run to 26500 looks likely.
I expect a very good next two week; starting with a price target this week of 26000, and 26500 next week. It is fair to say that the Dow could face a lot of pressure from its January high. Therefore I believe that the price will be dancing between 265-266 for a week before a break-out occurs, and then, I think that a consolidation will follow.
I will be trading it this way:
1. I will buy DIA Calls with a Mar 16 Exp and sell them when the index reach 26500;
2. I will wait for a drop to hopefully 26000 before re-entering the trade but this time with a Apr 20 Exp. My target for this one will be 27000. I will wait a bit after that to see where the market is heading.
Good trading everyone!
Dow Jones dropped More Than 600 Points in Two Days. What's Next?Here is our forecasting report in the video format on Dow Jones Industrial Average on 31 Jan 2018. Please enjoy.
Good trading
NinjaSingapore
31 Jan 2018
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DJIA LongGap still yet to be filled. In an uptrend on higher tfs. Price has broken the 200sma and retested, now clearly stalling. Good time to get in for the gap fill. Price can potentially reach 20775, we'll see how price reacts if it reaches target.
CORRECTIVE STRUCTURE IN DJI - 1H CHARTHey Traders,
Just wanted to pull this simple analysis on DJI (Dow Jones Industrial Average)
We had an impulse and a corrective structure, I am sure we can get a brakeout soon, watch for that and then go long for a short term trade.
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Hey Traders,
Simplemente compartir este analisis en DJI (Índice Down Jones)
Tuvimos un impulso y una corrección. Estoy seguro que pronto el mercado rompéra alcista, estad al tanto y en la ruptura de la estructura buscad una oportunidad en largo a corto plazo.
Carlos
