Dow Jones Industrial out of GasWhen I started with trading over 3 decades ago, I was told that the DJI is often the forecaster of the bigger market direction.
This week, it looks like the DOW is out of Gas.
Struggling at the U-MLH indicates the need to find balance. Balance is at the Center-Line, so DOW(n) we go.
With end of year staring at us, it's time to reduce exposure, or at least adding to the Portfolio hedge, specially when VIX is low.
Djishort
Dow Jones Industrial (DJI) Short Trade: TP1 DoneThe DJI (15-minute timeframe) chart presents a well-executed short trade setup, delivering substantial initial profits and paving the way for the remaining targets to be achieved.
Key Trade Insights:
Entry Point: Positioned at 44,159.10, as identified by the bearish crossover and resistance from the downward EMA.
Stop Loss: Strategically placed at 44,322.02 to safeguard against upward reversals.
Targets:
TP1: 43,957.73 ✅ Achieved
TP2: 43,631.88
TP3: 43,306.04
TP4: 43,104.67
Technical Breakdown:
Bearish EMA Structure: The red EMA ribbon suggests sustained downward pressure, reinforcing the bearish sentiment.
Volume Confirmation: Declining upward retracements signify reduced buying momentum, increasing the likelihood of hitting deeper targets.
Trade Outlook:
With TP1 secured, market momentum and bearish patterns strongly favor hitting TP2 and beyond. Traders using the Risological Indicator are positioned to capitalize further on this move.
Stay vigilant and let the profits roll in!
DJI Collapse Imminent | Caution All AssetsThis is how we hold the finance sector accountable.
Caution in all assets.
The world economy is grinding to a stand-still.
This selloff will be deep and obviously very painful.
There are a ton of hype stories and narratives out there - I have covered and poked fun at many of the ridiculous narratives in previous posts.
We knew this day would come.
Dow Jones, interpretation of where we areDespite the fact that i calculated the dates, this is just my calculation and correction could easily end in 2033rd, but for now we are monitoring the index and in the future it will be clearer to us where we are, and idea can be updated.
According to my interpretation, the bull market ended in 2021 and now we are in a rising sideways leg, which should end at the beginning or end of summer 2024.
I have two prefered calculation's of target for rising sideway's leg(wave, local rally):
1)39150$ +-500$
2)39950$
Then we go to 1st area(white lines) and bear market within flat should last about 1 year.
Next rally(leg) in the context of the expected flat correction should end around 36000$ in Spring of 2027.
And i hope that all the correction will be finished in March of 2028(Prefered, because it should be fast destroy like tsunami) or December 2029, at the 2nd area(red lines), so we won't be too old by then.)
UPDATE: Dow hit target 1 - heading to target 2 at 32622The dow broke below the Symmetrical Triangle and it was beautiful text book style.
We set the first target at the bottom of the pattern at 33,607.
Now that the momentum is still negative, we can expect it to head to the next target at 32,622.
The signs are all bearish and this is one of those hold and adjust stop loss if need be.
Dow Jones globally will fall due to the north node cycleTVC:DJI globally will fall, because the Gann square of 20, built for the New York Stock Exchange indicates the date 2023 (reversal), and since on the monthly chart is now flat, and the market is at high prices, then a fall is more than likely. In 2024, a global strongest crisis is expected in another astrological cycle. There was already a similar crisis in 2008, and then the same cycle worked.
The fall may begin both now and by the second half of 2024, as they can still pump money, or at least say everywhere that there is no stronger economy in the world than the American one, and this will delay the fall for some time.
It will be possible to speak about the end of the crisis no earlier than the beginning of 2028.
DJIVery simple ... Very clear
We are facing a downward trend and the price move to the upper ranges is just a correction.
There is a resistance zone in the range of 32,600. It is possible that when the price reaches this range, a downward trend will begin.
The main target in this downtrend could be in the range of 29300.
This is my personal opinion. Please do not trade based on my analysis and data.