Bearish divergence view fail if gap up happen, candle close below 31650 with sufficient volume and holds - 3-5% correction possible
Dowjonesindustrial
DOW JONES US 30 BEARISHHey Traders,
So this is my analysis on the Dow Jones US30. Looking at this trendline from the covid crash to current then breaking below the covid trend line, I anticipate a drop then little bull trade and a further drop again.
Any comments?
Lets learn from each other guys.
Cheers to your profits.
Dow Jones , time to go down son. I will wait there to hug you.Did it long weeks ago, still valid, more than I thought.
🩸 🐖 "Bulls make money, bears make money, pigs get slaughtered"Hi guys after Friday rout there are new developments in stock market indicies. Last week price action on AMEX:DIA formed bearish reversal pattern buying climax above upper megaphone pattern line at the top of rising wedge. This rising wedge is 5th Elliot wave which is signaling trend will reverse soon.
As you can notice in chart last week realized volume was relatively big and volume week ago last week was rather small. Thats the signs that bears taking control significantly in recent days.
I expecting this week breakdown bellow megaphone upper line and begin forming corrective wave (a).
If you like the idea, do not forget to support with a 👍 like and follow.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Massive correction incoming for US30.I'm fundamentally and technically selling US30 next week. Following Biden's bombing of Syria we will see more and more market volatility and i think it will be to the downside. Follow me for more trading ideas, thank you all and good luck!
US 30 Long Idea Context
- 4hr bullish OB + 50% FVG Setup
- Daily closed bullish above Market Structure
- London open i would like to see a A.M.D Model
BEARISH SHARK ALTERNATIVE TTCFSHORT OPPERTUNITY LOOMS IF WE GET THE BREAKOUT/FAKEOUT AS SHOWN ON THE CHART UNLESS YOU PREFER TO WAIT IT OUT FOR THE LONG . OPEN TO ALL CONSTRUCTIVE OPINIONS OF MY WORK .
CRM getting ready to touch ATH Flag pattern breakout with strong master candle, volume spike indicates that CRM is ready to touch 275-280 zone.
#DowJones new Breakout ??#Dow Jones heading to 32000 slowly and triumphantly..........
on the verge of fresh breakout on daily chart....
US30 is finally falling to 0.38 fibsUS30 is currently making new highs which will make buyer to sell their positions (psychology)
Fibs from previous big move will be perfect TP area ( 0.38 )
Stop loss above Higher High
Entry around 31250 - 31300
On 4H chart TDI is showing bearish trend beginning.
And there is a Bearish momentum squeeze.
US30 IDEA NEW IMPORTANT LEVELS 4H DOW JONES INDUSTRIAL AVERAGEUS30 IDEA NEW IMPORTANT LEVELS 4H DOW JONES INDUSTRIAL AVERAGE
US30 Moving back into CHANNEL 4H DOWJONES INDUSTRIAL INDEX DOWUS30 Moving back into CHANNEL 4H DOWJONES INDUSTRIAL INDEX DOW
DOW Update 1st of February 2021 Greetings all,
The chart i am posting here is very basic analysis - as you can see, there is no major complicated technical analysis going on here (that is for sure). However, i thought i would share what i see (based on the daily time frame).
I am looking forward to seeing if support here holds (or not).
Best wishes and stay safe.
bazzman78tv
US30 REBOUND EXPECTED AS PER NEW CHANNEL 4h DOWJONES INDUSTRIALUS30 REBOUND EXPECTED AS PER NEW CHANNEL 4h DOWJONES INDUSTRIAL
DJIA - SHORT; On its way to test the pandemic lows?!Likely!
As it happens, the Dow's trajectory is in perfect agreement with the Gold / Copper Ratio's price level projection!
Pure coincidence??... Not likely.
Here is that "famed" ratio (... and Yes, it still does work!);
Dow Tech Idea I think, the market break the pattern then start bull runs above the pattern.
So guys, we are Let's see🙄
