Current wave structure of US30 heading into next week.A majority of the beginning of this week we saw US30 decline, almost at a rapid pace. This was due to the end of a long term Elliot Wave Cycle 5 at the top, then that rapid decline was an ABC(3) wave correction downwards which is where we just had our first W1 and W2 of a new cycle, with W3 in the midst of an impulse wave.
Dowjonesanalysis
Dow: Turnaround Ahead! 🤠🤠🤠We interpret the current downtrend of the Dow Jones as a temporary correction. The turnaround area should be around 34358 points, which we are about to reach. However, there is still plenty of room on the downside. In total, the Dow should fall to 33623 points at max. Below that line, we will face bigger corrective patterns.
Waiting is key!
Dowjones (US30) 1D TF AnalysisGiven that the price has been successful in breaking the resistance range and has also rebounded to the broken level, we can expect growth of at least 36,000.
US30 - Where we can see buy pressure on the way down 😋Technical Overview: - Dow Jones
Previous analysis -
We also caught this move from the bottom -
We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :)
Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that.
Wait for dips if they happen don't chase the market :)
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
US30 - Where we can see buy pressure on the way down 😋Technical Overview: - Dow Jones
Previous analysis -
We also caught this move from the bottom -
We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :)
Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that.
Wait for dips if they happen don't chase the market :)
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
Dow Jones Index (US30): 36000 is comingAfter the good growth it has experienced, we expect to have a short-term correction to the specified level and then move on to its new Targets ...
US30 movement with a symmetrical triangle and its possible trendAs you can see, price is being consolidated inside a symmetrical triangle which can shows a possible bearish pattern. We're having a support line on RSI chart as well. If the support line on RSI chart is broken, then we can expect to see a downtrend.
US30 - Where we can see buy pressure on the way down 😋Technical Overview: - US30
Previous analysis -
We also caught this move from the bottom -
We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :)
Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that.
Wait for dips if they happen don't chase the market :)
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
US30 - Where we can see buy pressure on the way down 😋Technical Overview: - US30
Previous analysis -
the one before -
We also caught this move from the bottom -
We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :)
Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that.
Wait for dips if they happen don't chase the market :)
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
US30 - CAN WE SEE PRICE SELL OFF? 😋Technical Overview: - DOW JONES
PREVIOUS ANALYSIS
WE CAUGT THIS BULLISH MOVE FROM THE BOTTOM
BEFORE CAN BE FOUND HERE
AFTER IS WHEN YOU SEE OUR CHART :)
Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that.
Wait for dips if they happen don't chase the market :)
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
STAY UPDATED BELOW!
Stock Market Crash 2024There are a lot of talks about a stock market crash soon but I think quite the opposite is going to happen.
I'm using the Dow Jones chart because it has the most historical data. This chart goes back to 1887 , has data from the great depression and two world wars , 1974 stock crash , 2000 crash and 2008 crash .
Gann Fan (RSI)
I have been trying to pinpoint some sort of pattern on a Marco timeframe using the Gann Fann but no luck so then I tried it on the RSI and I found something very interesting. Not sure if the Gann Fan can be used in this manner but nevertheless we can see that price has failed to break the 8/1 ratio since 2017 and in the process created bearish divergence. So it seems that the triangle formed on the RSI comes to a conclusion in 2024, where the Gann 8/1 Ratio and the base support line cross (Yellow Square). Not only that but there is a Fibonacci time Zone date that comes in as well around that time which would be Mid 2024 , which also aligns with the golden Fibonacci 1.618 at 68000.
Fib retracement
Fib retracement starting from the top in the year 2000 and bottom would be stock market crash of 1974 , why I picked this high and low because it seems 1974 was the new base low where it formed a good structure for nearly 6000 days and I picked the 2000 bubble as the high because even though it wasn't the biggest crash in terms of price it was the most overbought on the RSi , hitting a 96 on the RSI , no crash has come close to this RSI so far.
Average Crash Percentage
So the average drop in each market crash so far is 50% if you do not include the great depression crash 89% it would be an average of 41%. If price did come up to 1.618 at 68000 dollars a price crash of 45% would put it at 38000 at the Fib level 1.414.
100 year Channel
The Dow Jones has been in and out of this 100 year old channel , it doesn't have a lot of reaction points on the support side at least not until 1987 onwards but the resistance side of things has far more reaction points and important ones. From 1955 to 1966 we failed to break above this channel which then led to the 1974 crash years later. We didn't touch the top of that channel for 35 years and when we did in the year 2000 it caused a market crash. So at least we can say that the resistance side of this channel is a very important confluence line.
I think watching the RSI is going to be the key to catching the next market crash ,179 days till the next 6 month candle.
Potentially the greatest trade of this yearYes, I'm crazy enough predicting the crash !!
The COVID Crash of March 2020 (Source: corporate finance institute)
The market collapse in March 2020 was caused by the government’s reaction to the Novel COVID-19 outbreak, a rapidly spreading coronavirus around the world. The pandemic impacted many sectors worldwide, including healthcare, natural gas, food, and software. The unemployment rate skyrocketed in the first quarter of 2020.
Currently, my chart says something big will happens; what event? I don't know, but the chart shows that the market crash will potentially occur and starting in June - July 2021.
If the price rejects the upper line, I reckon it will fall deep to the Fibonacci retracement 38.20%, 50%, and maybe 61.80%.
Invalidation:
- This analysis fails if the price breakout and close above the upper line
US30 - CAN WE GET MORE SELLING? (WHERE TO FIND BUY PRESSURE)Technical Overview: - DOW JONES
PREVIOUS ANALYSIS
TO FIND OUT WHY WE DID NOT TAKE ANY ENTRY FROM OUR PREVIOUS ANALYSIS, CHECK OUT BELOW!
WE CAUGT THIS BULLISH MOVE FROM THE BOTTOM
BEFORE CAN BE FOUND HERE
AFTER IS WHEN YOU SEE OUR CHART :)
Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that.
Wait for dips if they happen don't chase the market :)
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
STAY UPDATED BELOW!
US30 Bearish PressureUS30 seems to be under strong bearish momentum. Looks like it is trying to break the most recent 4h support zone. I utilize multi time frame analysis so i'll look at the smaller time frame to see price in greater detail. If price retest as new resistance i will be targeting next structure support zones.
MICRO E-MINI DOW JONES - NEXT BUY OPPORTUNITIES, ANOTHER DIP?Technical Overview: - DOW JONES
PREVIOUS ANALYSIS
WE CAUGT THIS BULLISH MOVE FROM THE BOTTOM
BEFORE CAN BE FOUND HERE
AFTER IS WHEN YOU SEE OUR CHART :)
Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that.
Wait for dips if they happen don't chase the market :)
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
STAY UPDATED BELOW!
US30 - NEXT BUY OPPORTUNITY (WHERE TO PICK UP)Technical Overview: - DOW JONES
PREVIOUS ANALYSIS
WE CAUGT THIS BULLISH MOVE FROM THE BOTTOM
BEFORE CAN BE FOUND HERE
AFTER IS WHEN YOU SEE OUR CHART :)
Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that.
Wait for dips if they happen don't chase the market :)
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
STAY UPDATED BELOW!
DJI 3413.99 - 0.23 % SHORT IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE DJI INDEX FROM THE MONTHLY CHART.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRAD
US30 DOW JONESUS30 continues its bullish trajectory making higher highs on the daily and has an overall bullish structure on the monthly, weekly and daily chart. However, for good entry, wait for the retest of the daily support.
If support doesn't hold then we might see a deeper plunge to the downside. Major bias is LONG!!
TA is clear from the chart/analysis.