NASDAQ:NVDA Looking at the past is easy, but learning from it is easier. Let's get listed the points. 1. Breakout of trendline on 24Jan23, that started on 19Nov21, confirmed on 29Mar22; 2. Bullish divergence started in Sep22 and confirmed in mid Oct22; 3. No lower low after 13Oct22; 4. Breakout of previous lower high of 13Dec22 on 24Jan23...
DOTUSDT is making HH and HL which confirms its bullish trend according to DOW Theory
Gold is making LH and LL in 15M TF, so as per dow theory it will fall further to TP1 level than TP2
The price has changed its bullish trend to bearish trend already. We can see a bullish divergence at this point. So the price is expected to take a pullback from here. We have defined two entry points for the short position here, and we will hold this trade and ride the downtrend of the price.
📉 Overview: AUDUSD, post-downtrend, exhibits a bullish divergence, hinting at a potential reversal. With a strong 90% long market sentiment, the analysis suggests a long trade upon the break of the last lower high (LH). 📈 Technical Analysis: Bullish divergence after the downtrend provides a promising signal for a potential upward move. 📊 Market Sentiment: With...
📈 Overview: NZDJPY, amid a bullish trend, shows a bullish divergence near its higher low. The current retracement from the 0.618 Fibonacci level suggests potential upside. 📊 Technical Analysis: Bullish divergence and retracement from 0.618 indicate a favorable risk-reward ratio for potential long positions. 📉 Trade Strategy: Traders may consider long positions,...
📉 Overview: GBPNZD is currently in a robust bearish trend, offering traders an immediate entry opportunity. Our analysis, grounded in DOW Theory, underscores the strength of the downward movement. 📊 Technical Analysis: DOW Theory principles highlight a consistent pattern of lower lows and lower highs, affirming the prevailing bearish trajectory. 📈 RSI...
4013 has been in correction after making ATH. A significant support (Ascending trendline) was broken in recent past for the first time. After completion of Harmonic Pattern, Double Bottom formation, a short upside move is observed (formation of HH, HL). However, ascending trendline will be acting as resistance now. Although, breakout of trendline was observed...
TASI has been in correction for a while A trendline breakout is observed recently (with Formation of HH) which gave a short positive upside movement. Formation of HL in progress 11,000 is a significant resistance line Bulls need to break the resistance line for upside movement. Watch for individual stocks for proper entry
CADCHF is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.6590
If you wanted to know whether or not the market was on a bull run or not, all you had to do was look at the Dow Jones Transportation Average or even AMEX:RSP (which definitely does not fit the bull market, showing that overall the S&P 500 has barely broken 15% gain since October). More important though is the transportation average breaking off from the rally...
Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of ASCENDING TRIANGLE coupled with bullish divergence. Entry, SL & TP Levels are defined.
TVC:SILVER By applying #Dow theory, following observations are noted Downtrend : From Mar22 till Aug22; almost 34% profit if short position is considered. Uptrend : From Sep22 till date; almost 32% profit if long position is considered.
FX:EURGBP Using Dow theory, series of LLs, HLs & HHs identified on EURGBP Weekly Timeframe.
Bullish Indications (BIASED: LONG) 1. Higher Highs and Lows 2. Tweezer Bottom is found on Green Support Line 3. Price gives significance of 0.236 fib level as well as Higher TF Support 4. GBP Index is Bullish & DXY is Bearish 5. The previous 3 December was bullish 6. Bullish Divergence on 1H and 2H TF Bearish Indications 1. Break Trendline 2. Red candle is...
Falling Wedge Pattern Breakout and Retest Formation of HH and HL Support from 61% fib retracement Entry after formation of HL (176.34) Trade with specified Stop Loss TP levels are specified Ride the trend with trailing stop Loss Manage your risk accordingly
Formation of HH and HL Trade with specified Stop Loss Fib Extensions for Target Levels Ride the trend with trailing stop Loss