DOW for correction soon?Difficult to read especially the yellow third wave in the middle. Let's track it. Not ready to cut longs yet. If it begins to slip then I'll wait for pullback to try enter shorts. Until then just tracking.
Good Luck!
Dowjonesindustrial
DOW JONES Sell SignalPattern: Channel Up on 1D.
Signal: Bearish as the pattern has made a Higher Low and the RSI was rejected on the Overbought Zone.
Target: 27200 (potential contact with the 1D MA50).
DOW JONES HAS BROKEN OUT...but will it be a false one.My quite reasonable sell zone has been highlighted and the DOW is now just entering it. I would recommend caution to all those thinking of investing in stocks at this point in time. There is not much more head height left and lots of room to fall.
The Big ShortHere we see a monthly chart. Notice the stochastics at an extreme high. When this breaks it's going to break big. See me on my YouTube Channel.
Dow Jones prepares for bullish attack 25-10-2019US stocks end the week higher rose in today's trading amid optimism that dominated the markets after news that trade negotiations between Washington and Beijing are proceeding positively
DJI Dow Jones SHORT Critical Situation Longs Breaks 26750 ?Dow Jones are right now in a decision mode.
26750 is the key Level which must hold for Long
in a Longtime View.
In shorttime we are ahsort since 26980 broke with
2 supports.
Now there is the Long Trendline in BLUE which is in danger
Watch out these and the 26750 Level to decide the direction.
For new Longs in short timeframe we must climb above 26870
Good trades
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Renkotrade
DOW JONES/SPX500 - EU woke up with a strong downwards moveHello traders
I. Wisdom of the day
I heard a lot of trading saying that trading INDICES (CFD) is only interesting when the USA wakes up.
Nothing could be further from the truth...
It's not common knowledge that the DOW JONES/SPX500 often give an interesting move when the Europeans wake up.
This interesting trade often happens between 6:30 and 8:30 am (UTC+2)
II. Why a 1-minute chart?
This is not a scalping trading method, it's intraday and based on smoothed indicators for entering in a strong trend only.
The Algorithm Builder method won't give more than 3/5 trades per day even.
Those are the most secure trades possible because:
- the system waits for a strong confirmation and will avoid the fakeouts
- the 1 minute allows to enter very early. This point is crucial.
I made it so that to enter early but with a minimum of security.
III. Signals of the day
3.1 Morning trade
No trade is easy. Especially when I just woke up, signal given in front of supports but... you know the drill... What's a decent way to reduce one's risk?
Answer : Wait for a pullback.
I usually wait for a pullback near the EMA(20) - symbolized by the red circles on my screenshot.
Pullbacks and invalidations are keys to reduce one's risk - which put more weight on the opportunity side of the opportunity/risk scale
3.2 Afternoon trades
The first signal was in front of resistances and against a leading trend. A leading trend in a bigger timeframe also increases the trade security => less risk
IV. Last words
Do you think that looking first to decrease the risk and then capturing the opportunity is the way to go?
All the best,
Dave
DOW SHORT -Harmonic pattern formed.
-Bearish Candle daily close inside the bullish candle (Bearish Inside Bar/Bearish Harami)
-Price reversal zone at green resistance zone.
DJI SHORT WHEN THE US OPEN,WAIT FOR THE PERFECT ENTRY.Dow Jones Lacks Sustained Momentum
The Dow Jones Industrial Average was lagging the other major US stock market indices on Thursday, as both the S&P 500 and Nasdaq were able to squeeze out gains of more than 0.40%. At last check, the Dow had climbed 68.36 points or 0.25% to 27,070.34
DOW (DJI) rejected at 27K again, market topping outThe winter is coming. As everyone can see the index is failing at making higher highs, the dips are shallow, but the conviction is not there, there is just no room to rally. We reached the TOP. RSI showing weakness in the bull market.
Expecting a correction to around 25300, then a low volume rally to retest some of the former highs, and then, the long awaited freefall in early 2020.
This is the last time we are seeing Dow above 200-day MA for a long time, once it breaks down it won't get above it swiftly. The bear season begins with the daily close below 200 day MA or a flash crash we can't foresee atm.
Whoever longs this after such an overextended bullmarket cycle is just delusional.
A marginal higher high to stop out everyone already shorting and then a crash is a possibility as well, although I wouldn't bet on it.
It seems like everyone hopes they can sell to somebody else once the panic kicks in.
The thing is, the theatre is getting more and more crowded... yet the exit door stay the same.
DJI Possible Triangle in y of 2On Friday we are finished a possible Wave d of of 2. Now follows the last wave e to complete the triangel and we starting Wave 3 with a Target above 30k.
DJI Short --Waiting for Catalyst TVC:DJI FOREXCOM:DJI TVC:DJI OSE:DJIA1!
Waiting for catalyst to Short the market
Classic Double TopShit is about to get real in the legacy markets. Get your shorting game down fellas. Its gonna be a great rest of the year for shorts. If there is no Fed intervention and QE begins to prop up the market then it may hold up but I doubt it.. This is pressure that has been building up in legacy markets for quite some time now and I dont this that the capital flight out of legacy will be able to be supplemented adequately relative to the sell offs moving forward. A long position can not be justified as there is little margin for error. If I know this, then so do much smarter, and richer people. Only irrationality can justify a long trade. Watch for metals and mining stocks to skyrocket from here on out.
God Speed Gents,
Mr. Manbearpig
DOW JONES INDUSTRIAL - SHORT/SELL - VENTAAnte la notable Próxima Crisis Económica internacional vemos como la economía de EE. UU. esta en una desacelerasen por ende el patrón de terminación de tendencia que es el Canal.
--> Divergencia en RSI y en MACD
DOW JONES - SWING TRADEHi, today we are going to talk about DOW JONES
We observe a D chart, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
Getting ready for the best short trade of your lifeThese things cannot be timed exactly or predicted to the day. Nevertheless, you would do well to be aware of the economic environment in which we find ourselves and how fragile things are. I have sketched a possible scenario on the chart that seems quite probable to me right now. This is just to illustrate my current view of things. Of course I can be completely wrong. It's just an idea. Take care!
Possible turning pointWe have a possible demand-zone here. Wait for confirmation before buying.
Look at the gold-chart for confirmation as well. Gold and Dow have some correlation --> which means that if gold shows weakness, Dow will probably rise.
US30 BUYYYYY Buy US30 have been waiting all week for this entry,
We have some good talks happening for the rest of the week which will help push us up further,
Being an indice it matches into our startegy
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