DOW JONES TREND LINE BROKE WITH 2200 POINTS FALL AFTER GAP FILLDOW JONES TREND LINE BROKE WITH 2200 POINTS FALL AFTER GAP FILLING @29000
Dowjonesindustrial
US30 is trading in rising channel Another sell off is coming📍 Dow jones industrial average is comprises of 30 TECH stocks. US30 is traded 2020 yearly high around 29600 which is also a February high. After the long upward rally from 2016 until 2020 February it has moved up gradually. And there is no major drop one like happened in 2008 financial collapse
📍 Due the COVID-19 breakout in the USA the economic is came to standstill and lockdown measures area taken this causes Tech companies faced major blow. And the market is sell off until march 23. After that US30 has gained back most of the earlier loses incurred during the initial period of Pandemic situation. And reached almost 2900.00 level
📍 Currently US30 is trading in a upward channel which is called as rising channel and it has reached the slow down phase. We may expect a brief breakdown of this indices
📍 In longer timeframe it hasn't reached the 23.6% Fibonacci retracement level which is comes around 26900. This level will act as resistance for the bear
📍 The price is currently trading nearby the August low level-27200. 50 Exponential moving average is still holding this pair from May-14 if the 50EMA level broken then 200,100 EMA will act as resistance comes around 26400
📍 On Ichimoku cloud the middle line is acting as support for the bearish trend and the Cloud is gradually fading towards red zone
📍 The swing target would be around 23900 which is comes around 50% Fibonacci retracement level
📍 On Elliot wave theory the Major 5th wave is completed and the minor correction waves are currently forming. Within wave 4-5 we can see minor waves from 01-05
📍 RSI is went below the 50 mark and in MACD it has turned red and the oscillators are pointing towards south
In H4 timeframe we can see a downward falling channel with series of HH LL LH and the price felled below the 50% Fibonacci level. Strong bearish engulfing candle is formed on August 07 after that the price stared to fell
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DOW Jones, a short term opportunity🦐 DOW on the 4h chart has tested 4 times the support structure at the 27550 zone.
The market is moving inside a channel and now found resistance on a minor structure.
IF the price will break above the structure we can set a nice long order according to Plancton's strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
DJI either ended short correction or yet to finish retracementUS Stocks have either ended this very short correction or yet to finish retracement. It is still too early to confirm non exuberance of the market. Have to consider that in Technical analysis a bearish divergence would show a trend reversal so as a bullish divergence. We may have yet to take effect a bearish divergence (unlikely for now) as we have came from a bullish divergence.
#DOWJONES STILL BEARISH??? WATCH OUT!HELLO TRADERS,
HERE'S OUR VIEW OF DOW, QUITE THE VOLATILITY AND ALSO UNCERTAINTY WITH MOVES THIS WEEK.
WE WOULD CONSIDER BUYS ABOVE 27950 FOR THIS ONE
PRICE TESTING SUPPORT ZONE 27400-600 AS LONG AS IT HOLDS AND REMAINS WITHIN THE PRICE
CHANNEL FORMATION OUR VIEWS ARE TO THE UPSIDE.
THE TRADING REGIME. OANDA:US30USD
New stimulus package? DOWEveryone is expecting a crash, dow touched perfectly the 0.618 fib, will it bounce?
Let's take a look at the MarketHi everybody!
To begin almost anything, it helps having the right tools in place for the job.
The moment has come for me to set up a full outlook on the DOW JONES (DJI), everything will be approximations, and can update periodically on the same thread, I think.
This is a study completely based on my own understanding, and it is freaking minimal, but it is collective. I encourage suggestions and opinions.
Also, I am thinking as I'm writing so I will try to clean it up for you but my brain is slippery.
Let's start to begin...
Sankara’s 🧠 Returns: 🐻 Bryson Tillers back 😅 US30 / Dow Sankara’s 🧠 Returns: 🐻 Bryson Tillers back in his toxic Exes apartment 😅 US30 / Dow
Yoooooope!
Not quite the BIG bearish short some had promised. 😫
Not unlike Bryson Tiller, I've kept my head down and off these mean trade-blog streets. Like Tiller - I BEEN LOW. Isolated. Quarantined and noticeably ageing and over-weight! So after weeks of silence, I was so happy to hear share price alerts bellin’ off my cell earlier this week.
Cha-Ching! 💵
Logging in to my Ninja Trader+ account, I discover a still flagrantly ignorant, loud-mouthed ex-lover of a stock market is still out here doing mans dirty!
Ignorant in her lying nature and ignorant of basic market fundamentals! Fundamentals that BEEN showing the pre-COVID western world was near insolvent, and the stock market might be valued as much as 3-4 times its actual worth.
But noooo... THIS is bitch is still metaphorically keying cars, lying on the man dem to the regulators and gaslighting retail investor confidence.
For almost two months, I've quietly moved up my stop losses to lock-in profit and offset shorts. Waiting. Waiting. Waiting for the opportunity to pounce. But Nah. I was firm. I was. Literally. Saying to myself...
🎵 ”DON’T.”
So expecting - rightly so - the most significant stock market correction since Dutch Tulips were considered safer investments than precious earth metals... I'm UNSURPRISED to discover the same ”blue whaling” by the same bitch-ass institutions that saved this toxic-ass market from rolling over, in July.
This gal is STILL creeping’ in the overnight sessions dumping liquid through the text... while I'm at home... with MY WIFE... Not unlike the ungrateful thotty Summer invokes on the Bryson featured 🎶” Playing Games” .
But just like Joyner Lucas and Ashanti - I keep going back.🤦🏾♂️ Need this 🍞
As I did the bodywork and analysed her this week I summarised her traits as follows;
- The market shook out stops again yesterday, and the whales flooded it liquidity - T-Bill sales are consistent. China doesn't look it's going to stop the support. US/MEX grains are relatively stable (we all know why. no cough required. It's corruption)
The big, dirty short isn't likely to happen this side of the US election. Or ever. IMO. This new double artificial-artificial market may well be the new norm. BOA & JP do not respect MARKET fundamentals. They are ganglords in a criminal cartel - they believe themselves to BE the fundamentals.
For that reason, the anarchist one - I'm still a bear 🐻 at heart. And this is STILL the ”Bear Woods” for at least the next 4-6 months - however, we may not see 7000+ point correction the underlying data reflects.
Big Banks: ”Who needs market fundamentals?” and buy the whole market whilst unwinding your losses with a click of a quant algorithm!”
In summary - The EX called us back to play... but discarded our beautifully flipped 🎵SWV sample! She chose instead to exhale cronyism and corporate socialist bailouts for her friends.
💥More bearish sideways movement is likely. The ”Rip n Dip Election Special” aka the Bryon Tiller strategy is now in-play!
My Plan?
Hold small Long existing positions over 27000 - TP 28200
Hold small Short existing positions under 28500 TP 23500
Rip n Dip free cash in the range in between 27600-28000, reset trend lines at range ends, three flags @ 30-ticks either side,
Use the first profit to cover long pos.
Watch to today's US close and adjust levels before Toyoko on Sunday - ripping n dipping up or down according.
Bryson Tiller may be back, waiting to ”Inhale” no less, but it’s same recognisable toxic nostalgia - evidenced by the fixed market that encapsulated it.
🤔 Questioning whether I should 🎵exchange Byrsons’ Inhaler and just listen to SWV 🎵” All Night Long” AND TAKE MY ASS to go back into quarantine.
Stay safe and profitable. ✊🏿
🔚
——————————
Important❗️:
Whether you agreed or disagreed with this content, hopefully, you found it useful. Please remember to like, comment and follow.
Let’s support each other to improve, learn and grow.
——————————
Disclaimer⛔️:
Please do NOT use my ideas as the basis for any financial investment.
This content is time, price and market sensitive and intended for educational purposes only.
-——————————
Bio 🅱️:
Charles Sankara
Day Trader
Sankara’s 🧠 Returns: 🐻 Bryson Tillers back in his toxic Exes apaYoooooope!
Not quite the BIG bearish short some had promised. 😫
Not unlike Bryson Tiller, I've kept my head down and off these mean trade-blog streets. Like Tiller - I BEEN LOW. Isolated. Quarantined and noticeably ageing and over-weight! So after weeks of silence, I was so happy to hear share price alerts bellin’ off my cell earlier this week.
Cha-Ching! 💵
Logging in to my Ninja Trader+ account, I discover a still flagrantly ignorant, loud-mouthed ex-lover of a stock market is still out here doing mans dirty!
Ignorant in her lying nature and ignorant of basic market fundamentals! Fundamentals that BEEN showing the pre-COVID western world was near insolvent, and the stock market might be valued as much as 3-4 times its actual worth.
But noooo... THIS is bitch is still metaphorically keying cars, lying on the man dem to the regulators and gaslighting retail investor confidence.
For almost two months, I've quietly moved up my stop losses to lock-in profit and offset shorts. Waiting. Waiting. Waiting for the opportunity to pounce. But Nah. I was firm. I was. Literally. Saying to myself...
🎵 ”DON’T.”
So expecting - rightly so - the most significant stock market correction since Dutch Tulips were considered safer investments than precious earth metals... I'm UNSURPRISED to discover the same ”blue whaling” by the same bitch-ass institutions that saved this toxic-ass market from rolling over, in July.
This gal is STILL creeping’ in the overnight sessions dumping liquid through the text... while I'm at home... with MY WIFE... Not unlike the ungrateful thotty Summer invokes on the Bryson featured 🎶” Playing Games” .
But just like Joyner Lucas and Ashanti - I keep going back.🤦🏾♂️ Need this 🍞
As I did the bodywork and analysed her this week I summarised her traits as follows;
- The market shook out stops again yesterday, and the whales flooded it liquidity - T-Bill sales are consistent. China doesn't look it's going to stop the support. US/MEX grains are relatively stable (we all know why. no cough required. It's corruption)
The big, dirty short isn't likely to happen this side of the US election. Or ever. IMO. This new double artificial-artificial market may well be the new norm. BOA & JP do not respect MARKET fundamentals. They are ganglords in a criminal cartel - they believe themselves to BE the fundamentals.
For that reason, the anarchist one - I'm still a bear 🐻 at heart. And this is STILL the ”Bear Woods” for at least the next 4-6 months - however, we may not see 7000+ point correction the underlying data reflects.
Long term: bull - mid term: bear - short term: vegan
Big Banks: ”Who needs market fundamentals?” and buy the whole market whilst unwinding your losses with a click of a quant algorithm!”
In summary - The EX called us back to play... but discarded our beautifully flipped 🎵SWV sample! She chose instead to exhale cronyism and corporate socialist bailouts for her friends.
💥More bearish sideways movement is likely. The ”Rip n Dip Election Special” aka the Bryon Tiller strategy is now in-play!
My Plan?
Hold small Long existing positions over 27000 - TP 28200
Hold small Short existing positions under 28500 TP 23500
Rip n Dip free cash in the range in between 27600-28000, reset trend lines at range ends, three flags @ 30-ticks either side,
Use the first profit to cover long pos.
Watch to today's US close and adjust levels before Toyoko on Sunday - ripping n dipping up or down according.
Bryson Tiller may be back, waiting to ”Inhale” no less, but it’s same recognisable toxic nostalgia - evidenced by the fixed market that encapsulated it.
🤔 Questioning whether I should 🎵exchange Byrsons’ Inhaler and just listen to SWV 🎵” All Night Long” AND TAKE MY ASS to go back into quarantine.
Stay safe and profitable. ✊🏿
🔚
——————————
Important❗️:
Whether you agreed or disagreed with this content, hopefully, you found it useful. Please remember to like, comment and follow.
Let’s support each other to improve, learn and grow.
——————————
Disclaimer⛔️:
Please do NOT use my ideas as the basis for any financial investment.
This content is time, price and market sensitive and intended for educational purposes only.
-——————————
Bio 🅱️:
Charles Sankara
Day Trader
#DOW - Another 800 points fall? #US30USD #tradingview #djiAfter such a dynamic crash yesterday, a recovery could currently run as wave b.
Following a further sell-off of 800 points in the direction of 27,640?
There the continuation of the bull market could be expected.
So wait and see and drink tea/coffee and prepare for a short and subsequent long position.
Best regards from Hanover, Lower Saxony
Stefan Bode
Weekly dow. Short probablyIn a current week, I expect dow to close below its opening and hence we may encounter a small pull back from our rally. 29108 is a major level from where the fall might begin. As RSI in daily timeframe is in the overbought zone and in weekly it is approaching.
So wait for the level to arrive and then short.
DJI - Long-term Head and Shoulders Bear Market IdeaSee comments on chart. Election doesn't matter, I'm bearish on the stock market because of factors already in play.
I also think this could play out much faster than over 4 years, as drawn.
See related idea for S&P500 linked below.
dow short position coming closeas i stated before , i believe this had to go to high 28000-29000 before a moment will arise, the way that this structure is playing out i believe with the amount of heavy gambling that has been fueling this market ( literally gambling , since no sports have been on to bet on , gamblers have found their way to a variety of markets) we will see a touch to 29000 then followed by a false break out, now i'm not going to bank on the false breakout , but i will be looking to start to short positions around that high 28000's and dollar cost average in if the bull market progresses. Follow the black lines down to get trades off of and bounces, do not get attached to the stuff you hold , be emotionless towards your positions and believe in the process. catching the top or bottom of any rally is complete luck, the goal of trading is to manage the risk associated with your positions.
good luck all , and take care when the mess truley hits assets ,not just stocks , it will most likely be all assets , and the dollar will explode in value as an artificial temporary extreme demand for dollars will be created by a selloff - will then be proceeded by extreme buying of most likely commodity based assets - mining - agriculture - fisheries - water.. etc , if you want to buy something now i'd think twice before committing on that purchase.
- not financial advice just my opinions and my personal strategy moving forward - if anyone has benefited off my charts thus far congrats i hope to be more active and provide more detailed charts in the coming future.
SNP500: Incredibly Bullish Outlook - Broadening WedgeIf you like our content, please take the time to 'like' our posts!
The SNP500 is currently looking like it's finishing its broadening wedge pattern and finishing its perfect ABCDE wave within. The technicals are showing a perfect alignment for a breakout and we might be seeing a final distribution phase before the push to all time highs. The only consideration for furthering the distribution phase would be the upcoming election cycle in the US, which may drive prices down temporarily; however, with the COVID19 situation already being recovered, we believe this is the final straw and may be a good chance for the bulls to easily push this through.
What we believe:
Based on the technicals of our ABCDE structure within our broadening wedge, followed by a perfect 12345 pattern from 2008 to present, we believe the SNP500 is astonishingly bullish. We also believe that if the NASDAQ can reach new highs, then the SNP500 and DOW Jones can follow along similar footpaths.
Here is a previous post we have done on the DOW JONES, and why we believe it may bullish until the year 2025:
Trade Safe.
X Force
Dow today and tommorow. GO long if 28110 acts as support.One most probable support is on 28110. If price takes support on this level we can think of going long till various targets.
28460 is one possible level where shorting can be done.
As of today DJI may consolidate between 28110-28270 (in remaining today's session).
Dow Jones Suggesting The Next Great Crash in 2026Hello everyone,
We hope that everyone is having a safe week! Here we would like to show you a massive overview of the Dow Jones - the longest raiding stock data available. The reason why we believe the bull run will continue is due to the 'Resistance Turned Support theory'. It suggests that IF all things considered the market continues to trend the way it is, we may be on to a huge move to the upside. A break to the upside would bring us up to new highs all the way until 2026 as long as we stay within the channel.
X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it!
Dow30 (DJIA) - Tight range: Here is what I'm looking forUS30 (DowJones).
We are in a tight 350 point range for the last week.
Will long above upper black and short below lower black.
Keep it simple.
Dow Jones saved by trend line As hard as it is to predict the movement of any index fund at the moment without a deep dive into the fundamentals - it appears DJI has formed a well respected ascending trend line with several higher highs and low tests. Within the current economic bubble we can expect a crawl up to our recent highs of 27500 (at least) before re-assessing.
Will Dow Jones Cross Above 28290? We are looking at Dow Jones Industrial Average (US30) right now. The index has been sideways since last week.
From our technical standpoint, we are watching closely whether the index will close above 28290 right now. If this happens, the next target potentially will be the all-time high of 29587 on 12 Feb 2020.
On the other hand, if it fails to close above 28290, then the index could test the downside where our first support level will be 26820, followed by the next support level will be 26456.
Good trading!
From the Desk of NinjaSingapore
17 August 2020
dowjonesHello traders, here is the analysis from our team :
sell:27517
TP@; 27507
TARGET: 27467
stop: 27567
we take money management from
27507 as profit area on up.
Let us know in the comment section below if you have any questions.😉
