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DOW JONES One final push before correction.Dow Jones / US30 made a new High on its November rally today. This is all part of the bullish sequence from the bottom to the top of the 1 year Channel Up pattern. The last blow off top rally that formed the July 27th High completed a +6.30% rise from the moment it tested and held the 1day MA50. That would now be at 35960, above both Resistance A and B levels. As a result there is still time for you to buy and target 35960 for quick profits. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30Long
by TheCryptagon
4
DOW JONES Pull-back or Santa rally?It's more than 2 weeks since we looked into Dow Jones (DJI), giving a bullish rebound signal on the 1D MA50 (see chart below) that quickly hit its target: The price is now significantly above the 0.786 Fibonacci retracement level, which is roughly where the previous bullish wave of March - April took a medium-term pause and pulled-back first to the 1D MA50 (blue trend-line) and then to the 1D MA200 (orange trend-line). The % rise so far though (+9.50%) is almost the same as April's (+9.03%). With the 1D RSI however printing a sideways sequence on the 70.00 overbought mark, very similar to April's, it is worth attempting now a sell targeting the 1D MA50 and the 0.382 Fibonacci level at 34300. Since however we are very close to the (seasonaly bullish) Christmas period, if Resistance 1 (35700) breaks, we will take the loss on the short and instead buy towards the top of the 12 month Channel Up and target 36300, as part of the so called Santa's rally. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
APE/USDT 1D. Idea. Huge pump soon. Explanation of the chart.Hi everyone. Been out for a while, there's a reason for that. Market consolidating, no need to update much. Now we're on the verge of the beginning of the somewhat altseason. So now is the time to update. Let's make a small remark, Others.d chart(capitalization of top 150 altrcoins) has pumped 20% today, huge sign for altseason. Now let's dive into this coin APE. There's a big Pump group in this token hence a movement is expected. There's 3 types of trend as for the DOW theory. Main trend, Secondary trend, local One. Let's analyze this chart with this trend theory. The main trend(here's not the all history of the coin) - Downtrend, shown as red on the chart. Secondary trend - downtrend channel. Local trend - falling wedge, where the resistance confluences with the main downtrend. Right now we're staying near under the support of the downtrend channel - here's also the support of the broken down local falling wedge. It's called a confluence of 2 zones - better seen on chart, where 2 levels become as one point. We've broken down the downtrend channel(it's called a deviation). Consolidated there for 66 days. It's a good sign for the future pump, because paperhands are thrown out of market(no understanding of market cycles -> leaving the market). As soon as we break this confluence zone up and got back into the channel - a potential to the resistance of the channel is opened. It's about 133% which is shown also on the chart. After we got into the channel - only main downtrend line which is also the resistance on the wedge will hold us. When we break this one - free road to the resistance of the channel is opened. This is about 4.8$ zone. Now notice that we've reached the 1.6$ zone, which is often the bottom zone for the crypto assets. The easiest example is Bitcoin at 16666$ zone and then the reversal, but u can find tons of such example if u look into it(one that comes right now to my mind is UMA - pump from 1.6$ zone, another one is T coin(T/USDT) - accumulation in 1.6$ zone in the beginning of 2023 then pump 400% something like that). I write a lot about it in my ru Channel, but now i share it here also. This is not the typical stuff u will hear from traders, and u may think it's foolish when u first look at it, but it works and u may check this out for ur self. Maybe later i will share why it works. But the main thing it works. Also notice that 16x3 is 48 whish is the target for this coin. 48 has it's numerological meaning. This how the magic of numbers works. Don't think about it, just feel it and use it for better understanding. Capitalization of the coin is 777m$ as for the august 14th. x2.5 pump is about 2b$ which is not that much, so can be realized. On the daily chart we also have the bullish divergence(triple(3)) on the RSI, this may be used as the addition to the all aforementioned. Consider the price moves with the market, so don't expect it to pump alone tomorrow for 130%. It takes some time.
Long
by TradingTsar
DOW Elliott Wave Analysis for Thursday 23/11/2023We are still working on the wave (2) as an ABC structure. The wave B is unfolding as an ABC pattern. As we came close to the wave (2) area and based on the NASDAQ and S&P 500 analyses, the alternative scenario calls for the end of wave (2) as a WXYXZ structure. Price action in the lower time frame will further guide us in these two scenarios. If we start to turn down from the current area, we will favor the bearish scenario in the higher time frame.
OANDA:US30USD
by AndyCuckoo
DOW Elliott Wave Analysis for Friday 17/11/2023 We are still working on the wave (2) as an ABC structure. The wave B is unfolding as an ABC pattern. As we came close to the wave (2) area and based on the NASDAQ and S&P 500 analyses, the alternative scenario calls for the end of wave (2) as a WXYXZ structure. Price action in the lower time frame will further guide us in these two scenarios. If we start to turn down from the current area, we will favor the bearish scenario in the higher time frame.
OANDA:US30USD
by AndyCuckoo
DOW JONES: The top is close. Pullback expected.Dow Jones is unfolding the second rally sequence of the 1 year Channel Up and has reached today the 0.786 Fibonacci level of July's High. The 1D technical outlook is about to turn overbought (RSI = 68.650, MACD = 236.580, ADX = 32.415) and as the rally approaches the R1 level (35,100) as well as being almost on the +9.05% range from the bottom, we are looking towards a late April peak formation and pullback. The pullback is expected to be at a -2.75% minimum, like June 23rd that reached the 1D MA50. Sell, TP = 34,300. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
DOW JONES Strong rebound on the 1D MA50!Dow Jones (DJI) is having an excellent rebound ever since our October 31 buy signal (see chart below), which we issued after the index bottomed on the Higher Lows trend-line of the 12-month Channel Up: The price broke today even above the 3-month Bearish Megaphone, which was the pattern that executed the Channel Up correction. Today's rebound is being done after the index hit and held the 1D MA50 (blue trend-line), which is in fact on top of the 1D MA200 (orange trend-line). If it continues, we may see this 1D Death Cross (a technically bearish pattern) getting invalidated. However, we do lower our medium-term target from 35000 to 34800 as this rebound is coming off a -1.15% pull-back, which resembles those of June 06 and April 04, that topped on the next rise and then pulled-back to the 1D MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
3
DOW JONES Technical pull back ahead of Golden Cross (4h).Dow Jones is on course to form a Golden Cross on the (4h) time frame within 2 days. Despite being bullish medium term, this pattern has caused a minor short term pull back all the prior 3 times it emerged in 2023. Trading Plan: 1. Sell on the current market price. Targets: 1. 33750 (-1.20% decline, same with all previous cases). Tips: 1. The RSI (4h) got overbought on Friday, as it had done all of the previous 3 fractals we are looking at that preceded the Golden Cross (4h). An additional sell signal. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Short
by TradingBrokersView
DOW JONES Above the 1day MA50 after almost 2 months!Dow Jones / US30 crossed on Friday over the 1day MA50 for the first time since September 15. It hit Resistance A (34150) which was the October 17th High and completed so far 5 green days in a row almost at the top of the Bearish Megaphone. The long term pattern is a Channel Up, so there is still considerable upside left. The 1day RSI also crossed over its Falling Resistance much like the March 29th fractal, which after a short consolidation on Resistance A, it hit Fibonacci 0.786. Buy if the price crosses over the Bearish Megaphone and target 34950 (0.786 Fibonacci). Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30Long
by TheCryptagon
DOW JONES: Started rising, at least on the short term.Dow Jones went from oversold to neutral on its 4H technical outlook (RSI = 51.457, MACD = -63.520, ADX = 28.038) as the price bottomed on the LL trendline of the three month Channel Down and rebounded straight to the 4H MA50 today. This is the short term Resistance, a closing above it confirms the 2nd part of the rally to the 4H MA200. The 4H MACD is on the same Double Bullish Cross bottom formation as October 4th. The rally that followed rose by +4.05%. Consequently our bullish target (TP = 33,500) is under a max +4.05% range, as well as the 4H MA200 and the dashed LH trendline. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES Best buy opportunity in the last 7 months.Dow Jones (DJI) hit the bottom of the long-term Channel Up pattern by completing leg (e). This is a similar structure to the (a) - (e) sequence that bottomed on March 15. Technically this is the best buy opportunity on the index in the last 7 months. On top of that, the 1D RSI is on Higher Lows during the prices (d) - (e) wave, showcasing a huge Bullish Divergence, the first such since February 24 2022! We can't ignore however the potential 1D Death Cross formation and any bullish approach has to be adjusted short-term. As for the target, the March rally breached marginally above the 0.786 Fibonacci retracement level, therefore giving us the framework to target 35000 (Resistance 1 + 0.786 Fib). Be careful, as failure and/ or rejection on the 34150 October 17 High, will be a bearish signal, aiming at a Lower Low, potentially near Support 2. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
2
DOW JONES Time to buy the dip again.Dow Jones / US30 reached our desired buy level based on our last idea (chart at the bottom), which is exactly at the bottom of the 11 month Channel Up. It kept the 1week MA200 intact once again (has been since October 2022), so that maintains the long term trend bullish. The shorter pattern is a Bearish Megaphone and as mentioned previously, our target is for the time being and until a break out takes place, inside this pattern. Target 33600, which is under the 1week MA50, under which all of October's candles have closed. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30Long
by TheCryptagon
SPX ES - Welcome To The Fourth Quarter RodeoWhether you want to look at these markets like an American football game or the National Finals Rodeo/Calgary Stampede bull riding, this final quarter of the year is set up to be quite the fireworks show. The new JP Morgan fund options collar is illustrated on the chart, but let's put it into text: JPM is the seller of 41,000 calls with a strike of 4,515 JPM is the buyer of 41,000 puts with a strike of 4,055 JPM is the seller of 41,000 puts with a strike of 3,420 Expiry is December 29, 2023. So if you believe that JP Morgan, the pinnacle systemically important bank in the United States, is the market maker, the crude logic is that the bank is incentivized to: 1. Keep price away from 4,515 2. Drive price towards/under 4,055 3. Keep price away from 3,420 Now, this is cool, but last quarter was an identical setup at similar strikes, and JP Morgan paid the calls it sold at 4,600~ and its own puts at 4,200 expired worthless. A collar from a big fund is just a position and you should always remember the banks have the money to hedge, and hedge, and overhedge. And their overhedges, when combining with the psychological effect on both retail and fund-level market participants, can produce greater profits than the simple cashing in of their ostensible public positions. The problem for SPX and equities bulls right now is that if a new all time high was to be set, we should have bounced to start October. The meaning of this is that filling in the range of the giant June uppy candle is actually bearish. Because it's fundamentally bearish, we have no reason to believe that downside pivots are not the target. Ergo, we have no reason to justify long trades as more than a single-or-intraday scalp until a significant low is taken. And that low should involve the May 4,062.25 target. A raid below that, a consolidation above 4,000, a manipulation raid slightly under 4,000 to eat stops, and then a rip back to take out "resistance" at the 4,634 double top before the end of the year AND possible run the all time high, is absolutely the trade thesis. A raid on 4,062 happens to put JPM's long puts directly in the money and they'll be free to exit with profit. Then, the bank can pay or mitigate the buyers of its 4,515 calls before expiry, all while making bears hate their life. If this all plays out as anticipated, 2024 will be significantly dark clouds. Always keep in mind that 2023 opened in a straight line uppy, and year candles VERY rarely repeat their patterns twice. What is "the bear thesis" really predicated on? It's not the Federal Reserve or such and such recession. It's the situation in Mainland China. There's a total worldwide media blackout on what's going on inside China. But how much longer can the Chinese Communist Party and the boundless and eternal sins of organ harvesting Falun Dafa's 100 million students at the hands of Jiang Zemin since July 20, 1999 continue forward? The Wuhan Pneumonia pandemic has claimed millions and millions of lives inside the Mainland, and that's before the catastrophes from the Party's corrupt officials itself, and all the flooding and economic damage. In short, the CCP will soon fall before our very eyes, and everything will change. 2024 Presidential Election theatre in the United States won't really matter. If you want to have a bright future and happiness, you need to turn off the television, turn off the radio, turn off YouTube, get off TikTok, and go outside and be in your community in real life. You need to cut the brainwashing and start valuing virtue again, start living like humans again, start thinking like a human again. Heaven is watching to see who can stand against the Red Demon of the Chinese Communist Party's international "United Front" parasite campaigns. Whoever can't is considered the worst kind of loser. But for now, fade the so-called "bottom" at 4,250 and strongly consider buying 3,985. Just make sure you dump it, dump it again, and cash out at 4,700 or 4,800. The happy days humans dream of not only never existed, but are forever gone. Everything is about to become stringently serious.
CME_MINI:ES1!
by LordWrymouth
4