Dowjonesshort
Dow Jones incoming meltdown!?! Will we repeat 2007-2008?Welcome to my new analysis!
The chart above illustrates my personal opinion on the Dow Jones.
As we can see on the chart above we have a pattern playing out
right in front of us. Dates and times don't lie and i can see how this
will play out very similar to the 2007-2008 financial crash. Its time
to go short or get out of the stock market all together as i see there being a
a MASSIVE correction/sell off right around the corner
Thanks, LiquidMEX
DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
I called the top... let's find the bottom.Good afternoon traders!
If you read my economic collapse prediction on October 4th, you would have seen the swing high failure on the RSI as well as the sell volume that accompanied it with a prediction that the double top would result in a massive sell off.
Well, here we are... 16% down and panic starting to unfold across the board.
I'm still short the dow jones and equities with options on the SQQQ short ETF, which has performed incredibly well.
For the Dow Jones and stocks in general, I won't be going long until we revisit the 200MA on the monthly chart, which also coincides with my Canfield Fibonacci extesion level at the 46.979.
This sits around the $16,500 level.
Look for some sort of big panic level event that will drop the price even harder, which will most likely be retail selling the bottom again like they did in 2008.
I'll be targeting the
top stocks during the collapse with strong P/E ratios.
Monday will be a VERY important day of trading for the S&P as well as the Dow Jones.
Typically, with massive down turns in the S&P on Friday's, we see a big sell off on Monday's.
This is the 6th worse Q4 in history so far and it looks like next week will be more of the same.
Buy volume and sell volume laid out in my chart.
Distribution has happened already and it looks like we're in for some pain in the coming weeks.
Now watch for a coordinated FUD effort from the main stream media to drop prices so they buy it back up after selling the top.
FREE FALL DOW JONES - LONG TERM BEAR -The red cloud means sell setups and green cloud means buy setups. We are sitting at 240 sell setups VS 100 buy setups, meaning bears are winning. Fundamentally, government shutdown might also cause the market to dumb.
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Beat the DOW JONES with this 1 tool. (easy)Buy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot -7.44% -7.44% appears you buy, if a green dot -7.44% -7.44% appears after that green dot -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
Dow Jones / Trade easilyit's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot appears you buy, if a green dot appears after that green dot you hold your investment.
if a red dot appears you sell your position. easy as that.
shorter time frames will be choppy.
larger time frames will be smooth.
Dow30 Shorts... but wait for retraceDow30 immediate trend is down. However, support is found at 24745. There are 3 resistance level which you can place your shorts.
R1 : 25320
R2: 25783
R3: 25990
Take your trades with short term perspective in mind. Wait for bearish candle to show up at these resistance levels before taking the shorts.
Visit my Patreon for more forex and trading educational articles.
distribution on Weekly chartAll I have to say is.
R.I.P US economy.
I don't care about the fundamentals only that the effects of the fundamentals are forecasted into price.
Price tells mee all I need to know about the fundamentals and I don't even need to look at the news to tell you that we're in for a rough time.
Look so very like Wyckoff distribution on the weekly.
6monthly chart looks like a super bearish inverted hammer and tweezer top (albet 2 more months to go on this current candle)
1 monthly chart again showing me signs of a weakening trend, simple bearish divergences on all 3 of my oscillators, RSI, fast and slow all in tandem, stars are aligning.
2W, Weekly again all are looking weak.
Technically, we're still considered to be "bullish" since the bullish market structure is not yet invalidated (recent swing low has remained intact).
But what's worrying for the bulls is that on the weekly and 2W chart RSI has failed just below 70 (the upper limit of bullish territory, from what I've seen RSI divergence SFPs forming between 60-70 is bloody terrifying.) is scaring me. On the monthly chart, the fast oscillator just failed at the 0 line, that's very scary again.
Technically we're not bearish yet, but unless I see otherwise, I'm going to be a contrarian and say we're bearish.
feel free to open up the indicators to see what I'm talking about.
targets marked on the chart.
Take A LOOK @ THe BiG Picture.Hey guys
Your remember that megaphone pattern.
Hell yea. 16.000 DOW and it crashes to 5000 area.
It came to 16.000 people waited to crash 10.000. But it didnt.
It Rallyed to 10.000 more. Yes This is crazy.
Nearly same points. Waited to go down 10.000 but it go up same 10.000.
Maybe ! This balooon came to an end.
If this crashes to 16.000 level from 26.000 levels. Crazy thing. So imaginary if it crashes to 16.000 level is it cheap ?
Hell no. This can crash to 5.000 ? MAYBE. Maybe not..16.000 BEFOre was over in mind. but now if it crashes to 16.000 people think is its free..
26.000 level is a BUBBBBLEEEEEEEEEEEEE for me..
Good LUck..
US Indices – Bearish Intermediate (C) – Aggressive SELL - Part 1During the Bull Market in Intermediate 3, Nasdaq was my favorite because of its Wave Count, hence the reason for the successful view on the NASDAQ100 – Bullish Minor 5 - Bulls Come-Back article.
US Indices synchronized their individual Bearish legs once they reached the tops back on the 2nd of Jan.
Same day, right before the sell-off began, I posted the CBOE (VIX) - Volatility Index - Pointing towards a Market Crash article in which I mentioned that volatility could return, explaining how complacency can turn into fear.
Primary Correction officially started then, with US Indices falling off the edge of the cliff and ending the first sell-off on the 9th of Feb.
This was mentioned and signaled multiple times during the Advanced Video Course (see Macro sections and Charting).
Since the sell-off, US Indices performed rather well, unfolding a Bullish Correction which ended on the 27th of Feb.
2nd of March low and 6th of March high are viewed as Bearish Minor degree 1 & 2 (red), therefore, I am starting to believe that the Major Sell-off could have started for Intermediate (C) (red).
Below you may find some Aggressive views and possible scenarios in which the risk is higher than usual but the potential reward could be worth it.
The S&P500 possible drop was mentioned in the SNP500: 2018-2019 Buy & Sell Orders - Correction & Market Crash post.
Warning, these set-ups involve high risk and aggressive approach, do not trade if you are not an aggressive trader!
Dow Jones (US30) - Short Position:
Entry @ 24660.00 (or Market)
SL @ 25000.00
Targets: 24000.00 / 23000.00 / 22000.00
DOW SHORT EDUCATIONALAnother trade I am not actually taking. Usually I just try to buy the dip as it's safer. It's obvious the manipulation in the index will continue as long as possible but the current situation doesn't look very good from technical perspective.
We have a long developed bearish div, a rising wedge and a reversal spinning top candle on the 4h.
Please share your opinions below.