Get started

Dowjonescrisis

Dow Jones (Over Bought) Shorting chance Jan 2021Hi This index seems to be over bought to us as it is recovering from the Corona pandemic Crisis and the way it has rallied, we may have a chance to short it at its correction or so called retracement. we can see bearish divergence of Price and MACD and combining this flow with Price Action Analysis it gives us more confluences of a down fall and a trend reversal or at least a retracement or market correction we have specified some support levels which can be used as some target areas and some trend lines as the most fall levels truly speaking we don't have any concrete fundamental reasoning behind such a fall but some how we can relate it to the upcoming chaos in the USA political and FinTech industry and giant MNCs who can be an other reason for an other crisis... please bring some reasoning for this fall if you have any in mind...
TVC:DJIShort
by BitonGroup
Signs of a new recession?This is a simple Elliot Impulsive/ Correction Wave analysis of a hypothetical upcoming market recession based on the Dow Jones Industrial Average. The crash is modeled after the 2007 - 2009 Sub-prime mortgage crisis. This projection is based on the assumption that the ABC correction wave will drop lower then the (2) impulsive mark by -12.85%. The A B points are estimated based on a very illustrative (1) (3) (4) channel. This concludes the C wave at 9000. This is an extreme scenario on a very long term scale and is not intended to be a trading recommendation. Use it at your own discretion for reference purposes.
DJ:DJIShort
by TradingShot
17