Dow Theory showing major bearish signalDow theory is a phenomenon which compares Dow Transports to the broader Dow Industrials. It tends to discount future events and can predict major moves in the market.
Dowtheory
NASDAQ | Bullish TrendThe NASDAQ is a stock exchange that is home to many technology and growth-oriented companies. When it is said that the NASDAQ is on a "bullish trend" or "uptrend", it means that the overall sentiment in the market is positive, and investors are buying more stocks than they are selling. This can result in a general increase in stock prices.
The "DOW theory" is a technical analysis approach that focuses on the behavior of the Dow Jones Industrial Average (DJIA) and its relationship with other market indicators. The idea behind the DOW theory is that if the DJIA is moving in a certain direction, it can be a signal for the overall direction of the market.
In this case, it is mentioned that the NASDAQ is playing a DOW theory with "Higher high and higher low, HH, HL". This means that the NASDAQ is making higher highs and higher lows in its price movements, which is a sign of a bullish trend. Higher highs indicate that the price of a stock or market is increasing, while higher lows suggest that the market is experiencing pullbacks but still maintaining an overall positive trend.
Finally, it is mentioned that the NASDAQ is trying to "print its new higher highs with the positive move." This means that the NASDAQ is attempting to establish new record highs in its price movements and that these new highs are being accompanied by positive movements in the market. Positive moves can refer to factors like increased investor confidence, strong earnings reports from companies listed on the NASDAQ, or positive economic indicators.
CON-TRADE1 AUDJPY BULLISH IDEAPotential Bullish Entry Dow Theory In Place -
Higher High and Higher Low Expected in Place
The trade was executed on the formation of ascending triangle coupled with bullish divergence (Bullish reversal pattern) on the 6th of May. The entry successfully hit the target. Now the entry is executed on the basis of dow theory and continuation of the trend.
SL & TP Levels are defined.
W10-12 AUDUSD BULLISH IDEA (HARMONICS REVERSAL PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
W10-28 GBPJPY BULLISH IDEAPotential Bullish Entry Dow Theory In Place -
Higher High and Higher Low Expected in Place
Formation of double bottom coupled with bullish divergence (Bullish reversal pattern)
Entry at the break of trendline, SL & TP Levels are defined.
W10-34 ATOM BULLISH IDEAPotential Bullish Entry Dow Theory In Place -
Higher High and Higher Low Expected in Place
Formation of double bottom coupled with bullish divergence (Bullish reversal pattern)
Entry, SL & TP Levels are defined.
W10-31 ADA BULLISH IDEAPotential Bullish Entry Dow Theory In Place -
Higher High and Higher Low Expected in Place
Formation of double bottom coupled with bullish divergence (Bullish reversal pattern)
Entry, SL & TP Levels are defined.
W10-USDNOK BULLISH IDEAPOTENTIAL BULLISH ENTRY
Dow Theory In Place - higher highs and higher lows Expected in Place (Trend continues)
Formation of the bullish flag (continuation pattern)
ENTRY, SL & TP Levels are defined.
W10-5 QNT BEARISH IDEA (HARMONICS BEARISH PATTERN)The price action has created a harmonic reversal pattern, and it is expected that the price will retrace from the potential reversal zone (PRZ).
Sellers will remain in control below the PRZ. Before forming the harmonic pattern, a bullish divergence was observed at the RSI indicator.
SL & TP Levels are defined.
W10-AUDNZD BULLISH IDEA (SYMMETRICAL TRIANGLE)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of SYMMETRICAL TRIANGLE coupled with bullish divergence.
Entry, SL & TP Levels are defined.
W10-11 GBPZAR BEARISH IDEA (HARMONICS PATTERN)The price action has created a harmonic reversal pattern, and it is expected that the price will retrace from the potential reversal zone (PRZ).
Sellers will remain in control below the PRZ. Before forming the harmonic pattern, a bullish divergence was observed at the RSI indicator.
SL & TP Levels are defined.
W10-9 GBPCADpotential bearish entry
Dow Theory in Place: Lower High and Lower Low Expected in Place
The double top, coupled with bearish divergence (a bearish reversal pattern).
Entry, SL, and TP levels are defined.
W10-8 USDCAD BEARISH IDEApotential bearish entry
Dow Theory in Place: Lower High and Lower Low Expected in Place
The double top, coupled with bearish divergence (a bearish reversal pattern), breaks out the neckline at 1.35899.
The price action is forming a bearish flag, and it is expected that the price action will continue the bearish trend.
Entry, SL, and TP levels are defined.
W10-3 APT BEARISH IDEA (DOUBLE TOP)Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of double Top coupled with bearish divergence (Bearish reversal pattern)
Bullish Trend Is Still Intact. (careful for your levels)
SL & TP Levels are defined.
W10-4 APE BEARISH IDEA (HARMONICS REVERSAL PATTERN)The price action has created a harmonic reversal pattern, and it is expected that the price will retrace from the potential reversal zone (PRZ).
Sellers will remain in control below the PRZ. Before forming the harmonic pattern, a bullish divergence was observed at the RSI indicator.
SL & TP Levels are defined.
W10-6 KCS BULLISH IDEA(HARMONICS PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
W9.1_42 NZDCHF BULLISH IDEA (HARMONICS PATTERN))Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
USDCAD - K.I.S.S. 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find USDCAD chart interesting as it has been following the basic laws of market structure.
📚 So let's keep it simple => K.I.S.S. Keep it simple, samurai ;)
📈 First the bulls took over by breaking above the previous major high in gray, and USDCAD started to make higher highs and higher lows.
📉 Then the bears took over by breaking below the last major low, followed by lower lows and lower highs.
📈 Last week, the bulls took over again and USDCAD has been bullish ever since.
📉 Now for the bears to take over, we need a break below the last current major low highlighted in gray.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
W9.1-36 MATIC BULLISH IDEA (HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
W9.1-33 AUDCHF BULLISH IDEA (DOUBLE BOTTOM)Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of DOUBLE bottom coupled with bullish divergence (Bullish reversal pattern) SL & TP Levels are defined.
W9.1-17 GBPZAR BULLISH IDEA (HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
W9.1-23 AUDNZD BEARISH IDEA (DOUBLE TOP)Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of DOUBLE Top coupled with bearish divergence (Bearish reversal pattern)
SL & TP Levels are defined.
W9.1-22 AUDJPY BEARISH IDEA (DOUBLE TOP)Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of DOUBLE Top coupled with bearish divergence (Bearish reversal pattern)
SL & TP Levels are defined.
