🚨 Critical. Lord Almighty! Pay Attention To The Market Now! 💰3rd daily red with the 2 day now displaying very tight compression off major Resistance level at previous high.
Since bottom recovery of pandemic collapse each buy impulse has got shorter with less momentum.
Could be buyers exhaustion. If double top plays out this will be juicy.
Stay safe out there boys and gals.
Djishort
US30 Dow SHORTWanted to enter this trade earlier at bearish gartley completion but was busy working on other markets. I'm looking for a a short position with stop above 27000. targetting the up sloping trend line, hold for lower if it breaks.
😯 Uh Ohhhh! (DJI)💰 LET'S GET INTO SOME DOW JONES ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! 👍
- The 3 day is starting to show signs of blood as it is the first start to red since the bottom.
- I've been bearish on a lot of my post for the longterm approach.
- DJI been short since 26,990. The close at the end of this week will tell us a lot on how the 3 day wants to lead us into the weekly chart.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
🤔 Long-term View Still Early To Call. (DJI)💰 LET'S GET INTO SOME DOW JONES ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🤷 Neutral
- If you've been keeping up with the MLT Trades then you know that we got short avg. Price 26,990 on a shorter timescale.
- Overall based off the 3 day chart you can see that the candles are still green, no crossover and that the ema dots have not completely lined up just quite yet.
- We are in a more aggressive position on the wallet timeframe and for now will continue to hold and get a feel for how this week wants to start out.
- For a longer term confirmation we are going to want to see the ema dots align red, candles shift red and crossover.
- On the shorter timeframes based off my previous post on a lot of the market you know that we are leaning bearish. We won't know until long term confirmation.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
💰 Dow Jones Rejected? (DJI)💰 LET'S GET INTO SOME DOW JONES ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- I have been tracking this big boy heavy lately as I do hold a short from 26,990 area. I let the most recent coercive way push back up and held onto my position because I wanted to see if the longterm break of support would turn into new Resistance. You can see we shot back up with some engulfing candles but now seem to of have found some Resistance as the candles begin to compress and start to Crossover red.
- Let's also take into consideration that all of thr ema dots are beginning to shift back towards red. This is my play to try and capture a massive swing on the dow, I don't look forward to selling anytime soon.
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
💥 Still Holding My Short. (DJI)🥇 We are now testing predicted next major support levels from previous post below in related ideas.
First off. If your objective is to trade large timeframes like the 3 day then you need to be willing to absorb noise in a market. If you are going to trade a large timeframe you have to cut out your emotions and let it go. You will never become a successful swing trader if you can't do this. You look for your entry set your stoploss and move on to the next trade and continue to diversify your capital. You will NEVER capture every single exact bottom or every exact top. IT WILL NOT HAPPEN! It's going to take a lot of micro structures to form to create one overall massive trend. If you can't understand this and get caught up in emotions, trading probably isn't for you. I speak about a lot of the basic aspects of trading over and over again to help make my fellow traders understand regardless of what strategy you trade with, the core fundamentals play a bigger role than anything! Cut loss, use stop loss, let the timeframe play out, don't marry bad trades, don't dollar cost average on the way down, cut out emotions.
We have been short on the dow jones since 26,990 which is still roughly around 5% in profit. We had taken this trade based off the 3 hour timeframe as we scouted previous major structure to play. We lined up the Crossover strategy and the ema dots and went with it. We have now broken the green major support level and now are testing major key levels on previous horizontal green supports. You see that price has rebounded off those levels to try and test the upward green strong longterm old support. Remember support can become new Resistance. Let the trade play out. We are starting to get some green compression on the 3 hour candle looking for a crossover and ema dots to line up. My main focus is that we are under that longterm support. If it can hold than we could see a bigger selloff and start to roll this trade over into the larger timeframes for a longer hold, which I would prefer. I am not worried about it and will let it ride to see how it holds up on key s&r levels.
Have an awesome week! Look at some of the previous dji calls in the related ideas below. 👍
🤔 Will We Be Saved? (DJI)😯 It's very interesting to look at the large multi year cycles. This is a 3 month chart. Currently the upward support is being breached. Is this just the beginning or will we be saved?
3 Month Timeframe
Crossover Strategy: Red Doji
The EMA Dots: 3/3 Red (Last was april 2008)
The crash we have experienced stopped at old Resistance to find temporary support. Interesting. If broke the red line I believe we would see a serious collapse. Very critical to see if this recent rebound we've had can hold.
Have an awesome day! ✌
🥇MLT | MAJOR LEAGUE TRADER
Dow Jones Back in Trend.......What we can see from dow jones previously was trading activity above trend resistance level (Red Level) followed by an interesting drop to trading activity below the trend support level (green bold line). However, the recent bullish movement have shown us the DJI is ready to continue its BULLISH movement and if we look at DJI movement currently, price level and moving upwards following this trend support and resistance line steadily (green and red bold lines). Economic data plays a large part in manipulating DJI beyond or below the trend support and resistance line as we see BULLISH continuation.
Technical Analysis:
Lets look in the TA perspective for DJI, we can see that DJI is obeying a an short term trend support level (drawn in blue). Interestingly, price level now is also at an important resistance level @26555 price level. We can also see it moving back in trend with price moving with in trend support and resistance level. Fibonacci Retracement also show us a rejection from 78.6 fib level and now currently testing 61.8 fib level again which I believe it will continue to fall testing 50.0 fib level where there is a strong support level there too. Having said that, I am seeing a short term bearish movement to 24000 price level before we see a BULLISH movement testing the trend resistance again as it continues to rise in the long run.
MLT Called The Top! 6.9% Gain! 🥇 (DJI)👌 Well, Well, Well.... she seemed to of had a rough Thursday just as we expected it to have.
The main upward support level has been breached, which is not a good sign.
What we are looking for next to be test and try to hold is not not too far away.
25k-24.6k as I have it label as a key level of support.
We took this position on a 3 hour timeframe as the Crossover strategy and the ema dots shifted towards the red alignment.
We will look to see if we can get a reversal here or if it decides to just melt through the bottom. 🔥🔥🔥
Best of luck to you all! 🎲🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
Trump Said It... The BIG "V" (DJI)🤔 Will the stock market drop or fly high... Let's take a look!
What is the big V pattern and what does it represent? I want you to focus on the structural support that we have drawn out connecting the 3 green arrows bottoms. This is a very key level of support that we want to take very seriously! We are all aware of the massive market selloff that we had in early 2020. We found a major level of support around 18.5k and then rebounded to run up towards 27.5k. The big v can also be considered a cup pattern which is a bullish pattern to show that the bulls are in control as we continue to print higher lows. But, let's keep in mind that patterns can change and do not always go according to the textbook of what It represents.
Next let's look where our most valuable piece of historical structural data was developed at. I have circled it in red. You can see that this was an area during the selloff where we had some relevant form or an impulse to try and push the market back up. We want to correlate that piece of information with where price sits at now. As of now we have attempted to breach above that structural top where Resistance was at that ended up crashing the market back down. Their is a saying where old support and old resistance can do the opposite and act as the opposite later down the road. Support and Resistance is a very critical thing to understand when trading any market!
This is a 3 hour chart as I am taking a more aggressive approach to play a short here at 26,990. We are getting early signs of a Crossover from red candles developing to Crossover the green line below. We want to see it travel towards 26,919 as that is the level of the historical top to see if it acts as new major support to push the market higher. If I wanted to long the dow jones I would look to play the breakout of 27,451. I will be applying a stoploss here of 1.72% on this short. Risk management is also a very important concept to understand when trading the market, probably the most important!
If we break 26,919 next we will want to look to travel towards the cups green arrow major support level to see how that holds. Look for a textbook Crossover strategy play there or hold if the candles stay red and push through it.
The next level on the way down would be the 2 green levels I've drawn out in the range of 25,000-24,600 to see if that old Resistance acts as new support.
As of now let's not get carried away and not hink too far ahead. Let's play the current range and walk with it.
I hope that I've helped you learn something today! 😁
If you would like to get training on how to trade the markets with our custom strategies and Indicators, then please consider checking out our website below!
We wish you the best and will stay updated on this one!
🥇MLT | MAJOR LEAGUE TRADER
$DJI Lazy ForecastIf this goes higher later it's going to be baffling and if it does, it just might resist off the EMA 200 resistance of the Daily chart.
To be honest, the way China pressured Hong Kong today was perfectly timed for the next scheduled U.S. jobless claims. I think they're trying to make the Wall Street people turn into a bearish sentiment. 😅
Not to mention Hong Kong is one of the U.S. major trade partners.
[TVIX] How to Profit from Volatility and the Next CrashI've been running my mouth all over on here about a market crash so only right that I put my money where my mouth is.
Here's my angle, lets see how it goes :). TVIX at great value right now (anything under $200 really) given the decimated fundamentals and extreme uncertainty. Looking to exit $400-$800 range within one month on crash depending on severity. Lets see how it goes!
Feel free to catch up on three of TODAY's headlines:
www.ccn.com
www.ccn.com
www.ccn.com
Inspiration from @dereckcoatney VIX analysis, article tagged below.
DJI - Downward Pressure to Cause Collapse Early JuneIt's all running on hopes and dreams people. Gonna chunk down early June (maybe ~22) and probably hold on for dear life as congress fails to act and coronavirus weighs increasingly heavier than expected on the economy. If this thing breaks up, it ain't lasting very long before collapse.
Will be volatile between 21 and 23 until that Q2 data hits and slaps people in the face with a big dose of 'F&*K your V-shaped recovery' sometime July or August.
Whatever that moment ends up being, it'll finally chunk down below 21 and programmatic selling will kick in, roughly duplicating the mid March crash but down to ~16.
Now might be a good time to harvest some profits and prepare for a feeding frenzy.
DOW JONES INDUSTRIAL AVERAGE INDEX (DJI) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
The Fakeout BounceWhether old charts, new charts, big drops or smaller ones - charts with sharp drops in price share very similar characteristics. I decided to use two very different examples; one from a different period in time, though similar to our current move in size (Crash of 1929), and one from our current time period and though much smaller in size it still meets the sharp drop criteria (January 2018).
This move is pretty standard in these scenarios, a sharp wave 4 retracement after a massive wave 3 drop setting the stage for wave 5. Me personally, I am looking at the 1.272 extension as a potential bottom on this move, plus 2000 is likely to be a psychological support as well. Looking for that move to conclude most likely by month's end.
Dow Jones now at 20941, Long Term Target is below 10000Long Term Dow Jones Industrial Average target is below 10,000
This is not a forecast I want to make, but this is what my longer term analysis shows. I hope the forecast does not come true but this is what my analysis shows, which is based on multiple time frame analysis of volatility and momentum.
Best strategy according to this analysis is to look for sell signals after every strong rally loses momentum, unless and until this high probability pattern is invalidated.
Rally on DJI (Dow Jones)The Dow Jones Industrial Average rose more than 11% to clock its biggest advance since 1933. Dow Jones futures jumped Tuesday morning, along with S&P 500 futures and Nasdaq futures, amid optimism about a massive stimulus deal.
New support at 20,000 for DJI. Not sure how long this rally will last because its basically akin to printing money to keep the economy going. I feel the fundamentals are weakening but the artificial support might keep the market alive for a short period of time but long term wise, might be harmful for the economy. Just my 2 cents. hmm..