Get started

Dowjonesindustrial

US30 29360 + 0.63 % LONG IDEA * CONTINUATION PATTERNS HEY EVERYONE A look at the DOW JONES INDEX that has been rallying up and hitting higher highs then saw a push down correction or retracement now currently trading in a ascending triangle on the 1H char looking for a break above of this structure to see continuation to the upside target the fib extension a break below changes the whole trading plan. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET THE WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu
Tech Bubble Finally poppedNew wave of the corona spicing up the markets once more, or is that just an excuse for the sell off to come. Talks of Tech Bubble has finally burst. Election aroma in the air and Price is already showing some reactions. I like the 28000 whole level. If Shorts start to cover and bulls hop on the ban wagon, I would expect Price to stall round about the 27750 - 28000 whole level. Lets see if these fortune 500 companies' earnings can save what's about to happen, factoring quantitative easing into the equation. Bear Market around the corner???🕵️‍♂️🤷‍♂️
FX:US30Short
by New_Levels
DJI close shaveDJI came damn close to breaking through that Ichimoku Cloud Support! If it didn't get saved by the support then it quite possibly would've broke through the 200EMA and we would've seen the Conversion Line cross back under the Base Line of the Ichimoku Cloud. If it eventually does, then we'll probably see 25000 again which is around the 38.2% Fibonacci Level on the daily. Maybe not today, maybe not tomorrow, but maybe soon! 🤔 The STOCH is also indicating there is room to drop further on the daily before getting into oversold territory. It'll be interesting to see if it can break back above the resistance of the Base Line on the daily. I'll be interesting to see what this week brings! 🤔
TVC:DJI
by TradingThroughTheLens
DJI: Trump's Covid-19 Case - A Historical ComparisonIn this analysis I'll be shedding light on my own theory on: - How President Trump's Covid-19 Positive news may impact the market - Similarities and differences in historic cases - Why Trump possibly announced his testing positive so quickly Trump's Testing Positive - Trump testing positive for Covid-19, 4 weeks before the presidential elections, is not good news - Especially considering that the current market is momentum driven, such bad news is good enough to scare new investors from pouring money into the market We can see a similar case where the president's medical condition negatively impacted the market Historic case - President Eisenhower suffered a heart attack in September 25, 1955. - Before this incident, the stock market was at an unprecedented bullish rally - Immediately after news was released that he was hospitalized, the market fell by 6%, leading to $14 billion instantly vanishing - Eisenhower recovered, and it was later announced that his condition was not serious - Eventually, the market bounced, and continued to rally upwards - President Trump also announced his testing positive for Covid-19 a few hours ago - Just as Eisenhower's case, the stock market is in an uptrend, with significant bullish momentum - The market is correcting, due to bad news, but not as significantly as that of the past - Just as Eisenhower, considering the fact that Trump will be taken care of seriously, it's most likely that he will recover from the virus - As such, it's reasonable to expect that the market will continue to rally upwards - However, it's also important to consider that market situations are not the same as the past - For more in-depth explanation on what makes today's market special, check out my previous analysis below: Why did Trump announce his condition? - This is an important question to ask, as Trump announced his testing positive for Covid via twitter - Trump is arguably the most powerful person in the world. He could have concealed his condition if he really wanted to, and later justify it as "classified information" - What could have been Trump's intentions behind this? - In the case of the Prime Minister of the UK, Boris Johnson, his support rate was at 48% prior to him testing positive - After he got the virus, there was a sentiment of sympathy among the general public, leading to his support rate skyrocketing to 72%, an all time high support rate ever since Tony Blair - Given this case, and the fact that the presidential elections will be held in 4 weeks, Trump could have been targeting this sympathetic sentiment among the general public - It's also highly likely that Trump recovers quickly, with the best medical staff from the country treating him - As such, he will be qualified to talk about the issue (as someone who has caught the virus), and suggest that he's the only one capable of solving the problem. Conclusion As past cases demonstrate, problems regarding the President's medical condition is never good for the market. However, given that the president recovers quickly, this could end up being a 'buy the dip' opportunity. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
TVC:DJIEducation
by Michael_Wang_Official
79