Djianalysis
DOW Daily PictureI'm expecting the completion of a larger correction on the DOW before we see the move up. This could come in the form of 3 or 5 waves.
Direct message me for any assistance
Best regards
Linton
Diamond pattern should break soonDiamond pattern nearing completion. A break in price down could mean a half staff pattern, with the second leg the same length of the first. Yearly and monthly pivots below provide strong support and price target at 23100 area.
Break up could be a price trend reversal to the monthly R1 at 25100.
Dji Predictable? Snoozefest for now. This is just because I got tired of hearing people say, "The dji went down today and calling it unexpected and all that.
Simple line chart, every line after the dip was there before it was hit, so I'd say that right now, as an index, it is pretty predictable.
zZzZzZ fest
Though I must say, as times goes on and especially now, It seems as if something even more and more interesting will happen. I said the same thing to my friend right before this last drop. Lets just hope the interesting event will be good and not bad.
Ima still stick with the concept that good and bad news just means look for where it will drop or stop next.
Fib is from 15.5k to 26.6k
I still think the .75 can be used on this go around as the 2nd drop in this smaller trend went quite a bit under it.
But because it seems arguable if it has been used before, I think it will be interesting to see what happens. Also the lack of support if we drop almost means for certain we have to go down to the .618, but even though the .618 is the .618, There seems to be no support and a drop to 21.6k seems likely with 20.5k-21k looking like the only really strong resistance.
Anyway take care yall.
-KTown
Rain in July?Good day folks,
We may have a channel showing up, however we still have a day or two to see if the market continues to rise or reverse down. This makes this analysis very speculative, but when a channel shows up, the price action usually goes from an extreme to another. If it continues to rise, then it is logic that we reach the resistance line of the channel before reversing, which gives us another few hundred points of upside.
My title: if this channel hold, we may reach Jan high somewhere in July, and we should face a lot of resistance and/or a corrective wave. Let's see, still a long way to go.
My Targets
Wave 3: 255 to 258;
Wave 4: 250 to 245;
Wave 5: 263 to 266.
Cheers,
DOW is rising to final target in the next quarter DOW is now in the intermediate wave (5) of the three years cycle target around 26900.
After complete five waves move it will begin the biggest correction you have ever seen.
DJI is getting close to resistance!!!I see some bearish signals at macd indicator on daily and 4h chart.
Buy-in Zone:
25460 -25800
Profit Target:
25000
Stop loss:
26100
Have a nice day,
Berk
A Big cloud...As you can see the price dji is being maintained in this side channel formed temporarily, the price rises again and
try to crash and go through the cloud, this is a very powerful resistance
that is costing a lot of work to pass through, possibly if training turns
the price again to low, but within the parameters of tolerance of the price.
but finally after gaining ground little by little the price wants to return its march
Note that this is simply an idea of price behavior
nothing more .
DJI Daily Chart - 20th AprilDJI had a slight pullback yesterday but is still above the 50MA so we are still optimistic to see a short term bull run
We would suggest to avoid going into positions as earning season can be quite volatile
The market will have big swings depending on the earning results of the major companies
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t.me
DJI: Likely pathThe fib, time zones, indactors and patterns all line up for this. Im leaning towards the expolsion to the upside.
DJI: Rejection of MSM PROPAGANDA , Almost time for a ShortKeeping it simple
1. Rising Wedge TVC:DJI
2. Getting Rejected at a key level multiple Times
3. While its above the 20 MA , need to see if it breaks the Wedge downwards
4. Popular propaganda on CNBC that Bank results will lift the market goes in the air...
Short on Confirmation of Wedge Break and Below 20 MA on 4 Hr . Target remains Same At 22800
SHORTING The DJI Ahead of the Upcoming Sell OffToday is April 9th 2018. As I am writing this the DJIA is up over 400 points @ 24,352. This after a huge sell off on Friday 4-6-18 which marked the first day in sub wave 3 of wave 3. I expect a lot of down movement in price this week so I will be shorting the DJI via SDOW (3x leveraged short) starting before the end of the trading day.
As always your comments and insight are greatly appreciated.
Dow Jones setting up for a spillMarket is setting up for a small breakout Or BIG SPILL.
EITHER Way a CRASH is imminent . BE ready for the next US recession.
DJI: Earning Season or Stormy Season ?DJIA
Again with the keeping it simple Strategy.
1. See the price action around the Support lines and Trend Lines.
2. Price got rejected at 20 MA twice on a Daily Close.
3. Frequent Testing of Previous Support Levels
4. Earning Seasons - Meh, Storms Brewing In the marked Area !!
5. Clouds in this area needs to dissipate Quickly , meaning Run upwards !!
6. More Inclined to think a Violent break of the Support Zone and a Sudden Run to 22800 ( TGT-2) as predicted earlier.
Be prepared for this. Dont be Uptight , see the Previous posts on Dow Jones and hit the play button. Then Post a LIKE :)
*** Bullish Scenario : Strategy to go long- will update if it manages to close above 20 MA.
DJI Trend and 'Natural' Growth Pre-ReaganomicsCurrent trend looks to be heading towards 23.5K per the 'Adjustment', but looking at historical data we can see where we'd most likely be if Reaganomics never happened (Slow progression), as well as slow growth rates during other periods which may more accurately reflect where we ought to be. Safe bet is that we're heading to 23.5K, but if we go by 1997 trends, this could be roughly 20K. Reagan-bump trends would be 9.5K (I think this is the 'actual' number), and pre-Reagan trends are roughly 6k. Just my thoughts.
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.
DJI RUN , RUN AWAYYY THIS IS UGLYIF we see any spill , short DJI, short all time. 20xxx is the target.
Huge sell off is on the way!!
Easy money
Great Depression II$SPX and $DJI exhibiting textbook boom/bust cycle behavior while the $DXY ($USD) suffers among the churning of political turmoil in the background. Hope for the sake of many this doesn't occur but from a pure charts perspective it looks possible .
Update to my last DJI projectionAs you can see the DJI triangle corrective pattern is coming close to an end. Following the "e" point on my above shown chart the DJI should fall sharply.
Your anticipated thoughts and comments are greatly appreciated.
DJI to $23,500 againAs investors grow weary, and the fear lingers, as evidence from the remaining high volatility, I think we're going to see another panic drop to $23,500 again. Additionally, many are moving to bonds, which could be a factor in the impending drop. Another factor could be Trump's proposed tariffs.
Lemme know your ideas below,
-Kristian
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...
