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DJI Potential for Bearish Momentum | 11th October 2022Looking at the H4 chart, the current overall bias for DJI is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. To add confluence to this sell entry, there is a market gap at 29672.85 near the sell entry that looks good to be filled. The entry is placed at the bottom of the market gap to prevent missing out on this potential trade. Looking for a sell entry at 29672.85, where the 100% Fibonacci line and previous swing low is located. Stop loss will be placed at 30454.46, slightly above where the 23.6% Fibonacci line is located. Take Profit will be placed at 28395.10, where the 127.2% Fibonacci extension line is located. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJIShort
by Rockqet
DOW JONES RSI and MACD patterns hint to a June-Aug like rebound.The Dow Jones Industrial Average (DJI) has been highly volatile today following a two day selling sequence on last week's closing. Following the NFP on Friday, the market is entering the anticipation mode over this week's CPI report, which is crucial on the Fed's rate policy. Amidst this high volatility we have spotted a recurring pattern, which has been previously bullish on the medium-term during this year's Bear Market. As you see, every time the MACD formed a Bullish Cross while the RSI (both on the 1D time-frame) bounced on its Oversold Zone and made a Lower High, Dow formed a temporary Low and started a 2-month rebound. During the June - August rebound, the index reached as High as the 0.786 Fibonacci retracement level before getting heavily rejected on the 1D MA300 (yellow trend-line). As a result, as long as last week's Support holds, we are expecting a medium-term rebound towards at least the upper Fib levels and the 1D MA200 (orange trend-line). Short-term traders can target the 1D MA50 (blue trend-line). Remember this doesn't constitute a long-term trend change, which remains bearish. In order to see the sentiment reverse to bullish, we should see at least a closing above the 1D MA300. A closing below last week's Support, should invalidate the medium-term pattern and instead extend the selling all the way to this Bear Market's Lower Lows trend-line at least. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
3
DJI Potential For Bearish ContinuationThe general bias for DJI on the H4 chart is bearish. To add to this bias, the price is below the Ichimoku cloud, indicating a bearish market. Looking for a retracement sell entry at the market gap of 29672.85. To avoid missing out on trades, the sell entry is positioned at the very beginning of the market gap rather than at the top. Stop loss will be at 30454.46, which is just above the 88% Fibonacci line and the 23.6% Fibonacci line. The take profit point will be around 27215.49, which is the intersection of the -27.2% Fibonacci expansion line and the 161.8% Fibonacci extension line. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJIShort
by VantageMarkets
DJI Potential for Bearish Momentum | 10th October 2022On the H4 chart, the DJI has a bearish bias. Look for a possible retracement sell entry at 29672.85, which is the location of the 100% Fibonacci line, prior swing bottom, and market gap. Enter at the very beginning of the market gap rather than at the top to prevent missing out on a trade. The stop loss will be set around 30454.46, which is just over the 23.6% Fibonacci line. The take profit level will be 28398.65, which corresponds to the 127.2% Fibonacci extension line. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJIShort
by Rockqet
DJI Potential For Bullish MomentumOn the 4-hour chart, the DJI has a bearish bias. However, before the bearish momentum continues, we are searching for a corrective buy entry to the upside. Looking for a buy entry at 29926.68, which is where the market gap lies. The stop loss will be at 28715.85, which is the previous low and the 0% Fibonacci line. Take profit will be at 31886.07, where two of the 61.8% Fibonacci lines intersect. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJILong
by VantageMarkets
2
DJI Potential for Bullish Momentum | 7th October 2022On the H4 chart, the general bias for DJI is bearish. Look for a possible retracement buy entry at 29826.67, which is the 38.2% Fibonacci line and market gap. To avoid missing out on a trade, enter at the very beginning of the market gap rather than at the bottom. The stop loss will be set at 28715.85, the previous low and the intersection of the 100% Fibonacci and 0% Fibonacci lines. The take profit point will be at 32026.06, which is where the 61.8% Fibonacci line and the 38.2% Fibonacci projection lines intersect. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJILong
by Rockqet
Two Factors Weighing on StocksStocks have wavered as the markets digest higher weekly unemployment rates and new statements from the Fed. The Fed remains unconvinced at how effective the 'Inflation Reduction Act' will be and Kashkari has stated that the Fed has 'more work to do' to bring down inflation. The S&P 500 has topped out at 3810 with multiple red triangles confirming resistance. We are seeing support in the 3750's, suggesting that we may be forming a bull wedge or other consolidation pattern. If things turn south, 3714 should provide support. A breakout could test 3825.
FX:SPX500Short
by quantguy
DJI Potential For Bearish ContinuationDJI has a bearish bias on the H4 chart. In addition, the price is below the ichimoku cloud, indicating a bearish market. For the sell entry, price should retrace upwards to the 61.8% Fibonacci line at 32160.05. To add to the confluence of this sell area, there is a market gap that appears to be fillable there. The stop loss will be placed at 33364.70, just above the 78.6% Fibonacci retracement line. The take profit level will be 27848.20, which is where the 161.8% Fibonacci extension line and the -27.2% Fibonacci expansion line intersect. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJIShort
by VantageMarkets
2
DJI Potential for Bearish Momentum | 6th October 2022The overall bias for DJI on the H4 chart is bearish. Looking for a potential sell entry at 32046.82, where the 38.2% Fibonacci projection line intersects with the 61.8% Fibonacci retracement line. The stop loss will be set at 33364.70, just above the 78.6% Fibonacci line. The take profit point will be at 27215.07, which is the location of the -27.2% Fibonacci expansion line. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJIShort
by Rockqet
DJI Potential For Bullish MomentumThe DJI is in a strong bearish trend on the H4 chart. Price, however, retraced back above the previous swing low of 29647.79. On DJI, there was significant upward bullish momentum overnight. At 29647.79, where there is a market gap that appears promising to be filled, buyers are looking for a pullback. The prior long's stop loss point is at 28744.12 in this case. Expect price to reach 30854.86 for take profit, which is where the 38.2% and 78.6% Fibonacci lines are situated. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJILong
by VantageMarkets
DJI Potential for Bullish Momentum | 5th October 2022The price has retraced past the previous swing low of 29653.29 on the H4 chart. Due to several Fibonacci lines intersecting around 31268, which provides confluence to that place for take profit, I predict price to tap there after the strong bullish advance from October 3rd 2022. At the 29647.79 level, where there is a market gap that needs to be filled and where the 100% Fibonacci projection line is situated, there may be some opportunities for a buy entry. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJILong
by Rockqet
2
US30 makes it two in a row, but do we need more evidence?What a start to the week and month we are seeing so far, traders. So far, buyers have added 5.52% to the US30, taking prices back to levels not seen since last month. Yes, it is great to see, but should we start thinking bottom? The UN is warning that we could see a global recession, with developing nations possibly seeing the brunt of the hurt. JP Morgan is also advising this might not be a bottom unless we see certain factors met. What has been driving the selling, Inflation, rising rates, U.S. and global recession fears? Have these factors gone? US-wise, the Fed remains hawkish, and Inflation remains in play. It is not uncommon to see sharp counter rallies in downtrends, and we need to be in tune with the market to either not be sucked in early or spot a potential turn. Bulls are definitely back in charge in the short-term, but it’s the next reaction lower that could give us some key evidence in if we are going to see a potential turn. A new higher low followed by a break of the last high would be a very good sign that a new short-term trend is starting to form. If we see a new move back down to or below the last low would be a worry that the current trend could continue lower. This Friday’s U.S. employment data could also be a factor for the current recovery, and we feel that traders will be paying attention to its release this Friday at 8:30 am EST. Thanks for tuning in for today's update. We like to hear from you, so please feel free to drop us a comment. We also run weekly webinars with guest analysts.
EIGHTCAP:US30Long
by Eightcap
Dow Jones (DJI) A Bear trapGood Day, Hello Traders, DJI looks bullish for very short term, if it corsses 31030 and sustains above it for a week , then we can see a reversal. However broadly picture looks gloomy as the world fears recession as this is been sold all across the media. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions. If you really like the analysis , please do comments, LIKE and Follow me.
DJ:DJI
by Piscean17th
SPX500 / ES - An Ill-timed Bear is a Dead BearThis past week's trading was a good refresher course on what bear markets actually trade like. As opposed to dips during bull runs that suck to short and aren't so scary to go long on because price action continually rips back and makes highs, bear markets will take out a consecutive series of downside lows while terminating virtually each and every rally. At some point during a good bear market, however, you get that kind of manipulation that comes fast and strong to the upside, bringing in buyers and stopping out and liquidating late bears and greedy bears. An easy example of this was formed in a miniature on the 1 minute charts of FedEx FDX on Thursday: It's a risk that all bear market short sellers and put buyers should keep in mind. When it comes to Nasdaq and SPX, it's important to keep an eye on the clock. We just had an entirely bearish week. And a heavily bearish week prior. With a peculiar form of meltdown on FOMC day after the Fed did what everyone and their dog knew for at least a month they would do: hike 75 bps. And in response, everything quickly took a run at the June low, and yet for SPX and Nasdaq and the SPY and QQQ ETFs they did not take the June low and even rallied off the June low. It's like support was found and a double bottom has been made. But note that Dow did take the June low and also spent some time purging under the pre-COVID highs as well: SPX and Nasdaq, like last week, finished the week with a fairly strong bounce. The question now, is, do they turn around and take the June lows before the end of the month? I'd estimate the chances at 65-35 No-Yes, personally. Consider that this is the final week of trading, a full five days, to form the monthly candle. Consider also that Friday Sept. 30 is also quarterly options expiry. Consider also that timing is more important than price. A situation we could easily be set up for is a run back towards 4,000 to close month end, forming a monthly pinbar. Don't think it can happen? It happened in May after making new lows: On the weekly, it's more painful: Broken down into the daily, you see that you had a 400 point bounce over the course of 6 trading days: And on the 4H, there wasn't a whole lot of chance to escape for bears: And then it turned around and made the June lows, which still stand as the low of the year, if you aren't the Dow. In my opinion, the truth is that we are going to see SPX 3,400 and NASDAQ 9,xxx in October, and probably a rather ugly month, but rather than a market wipeout, things will likely turn around again after the November Midterm elections are over. But before we get to that bloody month, you have a week of trading left to paint some hard-to-trade candles, and at least October 3 and 4 where it can still be bullish as the high of the month gets painted before we descend into the near-COVID high abyss under 3,600. So, what to do? If you decide to go long, it's a scalp, not a hold into a reversal. If you want to keep going short, you need to keep your risk down, or prepare to hold a major move in the opposite direction. Unless you're patient/liquid enough to keep shorting on the way up. Of course, just like last week's call, it may just turn around and die, die, die. SPX500 / ES - It's Still a Bull. Now, Good Luck Riding It In trading, it's not so hard to predict the future, but it is hard to figure it out down to the day and the hour, so you have to have some expectations about what can unfold in both directions and a plan for what to do when things unfold contrary to your expectations. Don't get drug into the chaos on social media about recession this and inflation that and Europe this and terminal Fed fund rates that. The U.S. equities market absolutely won't collapse until one, or all, of four conditions are achieved: 1. Everything breaks 2. War 3. Natural disaster 4. Chinese Communist Party falls The U.S. equities market remaining strong is critical for the Western Communist Party to maintain social stability until technocracy can be installed in the form of Central Bank Digital Currencies and Social Credit under the pretext of a conflict-backed energy and economic crisis. They need to create a crisis they can save you from, but the window of opportunity to do that is still a ways away. In the meantime, they need to maintain their stability until the opportunity is ripe. Your western governments have spent years training Marxist-Leninism in Shanghai and Beijing with the Chinese Communist Party. They love the evil Party's ways, because they and the Party have a similar nature. Don't think your governments want to help you and save you. They believe in Marxism, and Marxism believes in redistribution of wealth, which is a polite way of saying that they'll ruin your life and take your stuff. If you want a bright future, get rid of this communist and socialist stuff from your minds and hearts and start walking an upright path. It's the only hope.
CME_MINI:ES1!
by LordWrymouth
10
Stocks Rally Expecting A Fed PivotThe S&P 500 rallied off of increased confidence that the Fed will pivot their pervasively hawkish stance. This is likely to be transient and the market was due for a relief rally, anyway. We are currently testing a dense patch of levels in the 3740's, and will face significant resistance here. If we can break through, then 3792 is the next target. If we reject current levels, the most likely scenario, we should have support from 3714 or so, at the base of the 3700 handle.
FX:SPX500Short
by quantguy
DJI Potential For Bearish ContinuationPrice is in a very strong bearish trend on the H4 chart. Price should retrace back up to 30051.92, where the sell entry for a short will be. The fact that there is a market gap to be filled there coincides with the 23.6% Fibonacci line, which adds to this sell. At 31036.79, the stop loss will be slightly above the 38.2% fibonacci line. Take profit will be at 28436.22, which is the intersection of the 100% Fibonacci line and the 127.2% Fibonacci extension line. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJIShort
by VantageMarkets
1
DJI Potential for Bearish Momentum | 4th Oct 2022The DJI price is in a bearish trend on the H4 chart. In addition, the price is below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 30065.17, where there is a market gap that appears to be about to be filled, adding confluence to that area. The stop loss will be set at 31026.89, just above the 38.2% Fibonacci line. Take profit will be at 28408.73, which is the intersection of the 100% Fibonacci projection line and the 127.2% Fibonacci extension line. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJIShort
by Rockqet
1