US30 / Dow jones ideaHello traders! My last prediction on US30 worked perfectly,
right now i will selt alert on my charts at 27360 level,
and then probably will go for a buy position!
Good luck with your trades!
Jones
Corrective move could be in it's final fase.Dear traders,
According to my wave count we should be nearing the end of the correction that has been going on this entire month. 26300 is my final target before I expect the bulls to really wake up again. This area has been a battleground before. During this year's summer we've seen it as both resistance and support, and also last year this area was of importance to many traders.
A succesfull rebound means we can start looking back up again to finally try and beat the 30k.
Don't worry too much about the US presidential election yet. It's still 6 weeks from now and during that time a lot can happen on the market.
So for now my strategy remains selling the rallies until either my target has been reached and/or the bear channel has been broken to the upside.
Click on that follow button if you want to enjoy regular updates on major indices, commodities and forex :-)
Best regards from The Netherlands and remember: always use stops when trading!
Dow Jones - Wave 5 in the making?Im looking for a last leg up towards the February top near 30.000 before I expect a larger correction.
Perhaps the 5 wave correction is already finished but I see a bit more room down (circa 300 points).
Next week the bulls should show their faces or else its to the graveyard with this one.
For the longer term its important to quickly conquer that February top or we'll end up with a double top. And remember: when you see a double top, you sell a double top.
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...
Successful Short Trade (BOUNCER MARKET)DJI (Dow Jones Industrial Average Index) is in a disctinctively beautiful BOUNCER market, at the point nose-diving South.
During a market like this one is, the wisest things to do - is to trade riding the current wave, capitalizing on it.
This time we are applying the CONDI FAST TRACK Trading System. CONDI FastTrack is 4-times faster than our stadard system,
making use of the 15m chart as the base/main time frame for the system instead of the 1h frame...
As per the CONDI Trading System rules, we are allowed to trade both long and short within BOUNCER Market, which is nice.
T.m. at the moment making use of Short trading opportunities, 100% confirmed by the CONDI Trading System.
Recognized (yet another) such opportunity at point marked with the callout.
Trade successfully closed with profit within 2 15h candles (within just 30 minutes).
Happy CONDI trading!
Dow Jones: Sell opportunity within the Channel Up.DJI is trading within a Channel Up on the 4H chart (RSI = 55.798, MACD = 115.900, ADX = 32.013) since late June. Today the MACD made a red cross, the RSI has already since Aug 11th hit its Resistance, and it looks as if the Higher High is priced in. We are expecting the price to touch the 4H MA50 once again around 27,100.
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DAX Index AnalysisDAX index is often following in the footsteps of the Dow Jones index.
The chart shows my previous analysis. Those analysis still stand
today. One that is trading the DAX index must always keep an eye
on the Dow Jones Index. I hope this will help.
Best regards
Walgreens clear shortHey everyone,
besides the overall downtrend since 2015 there are a few things to talk about.
1. The price hit the resistance line and bounced off it. (Short signal)
2. The ROIC (return on invested capital) gets worse and worse. (Short as well)
3. The PER (price earning ratio) is very expansive atm. (Short the hell!)
Did i say short? No? Short it than!
Much fun with that trade!
Leave a follow please, my goal is 200 :)
VISA without a particular idea :DHey everyone,
I made this analisis but i don't have an idea how this stock is going to behave:D at least the cloud gives support and the tenkan sen is about the kijun sen, which is good!
Much fun with this information!:D
Leave a follow, trying to hit 200 :)
Travelers repeating patternHey everyone,
as you can see there is a repeating pattern (triangle) and the fibo levels and timezones help to predict what the price could do in the next 2 weeks. I would wait until the price hits the support line (purple) and then go with a long.
Entry: 115$
Stop: 112.50$
Goal: 136.50$ - 142$
CRR: 7.9
Much fun with that trade!
Leave a follow please, trying to hit 200 :)
DOW JONES Trading PlanPattern: Channel Up on 4H.
Signal: (A) Sell as the RSI got rejected on its Resistance Zone. Wait for the MACD to cross in order to open the position. (B) Buy if the 28160 Resistance breaks.
Target: (A) 27000 (projected contact with the 4H MA50). (B) 29700 (+14.50% rise from the Higher Low).
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DJI going upwards?Hey everyone,
the DJI gos more sideways than everything else. The base of the triangle can be used as a goal prediction if you put it on the front of the triangle. The front is also the time when this goal should be reached. Normaly the price leaves the triangle in the previous direction.
But the DJI will have to face a few resistance zones on it's way.
Much fun with that trade!
Leave a follow, my goal is 200 :)
economi global start market bearhati resesi ekonomi global sudah di muali dengan barometer dow jones di pasar bear
DOW JONES Trading planPattern: Channel Up on 4H.
Signal: Bullish on every dashed line.
Target: The two Resistance levels 26,790 and 27,640.
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DOW despite all bad sentiment this is still possibleBe aware, it can be that the correction in the DOW Jones is not over yet and we could see another leg up targeting the top again before we actually role over to the downside in a significant move starting in July.
Time for an AB=CD or a healthy correction?If the DJI wont break the blue line, is the time for a massive drop. However the DJI is still looking bullish in short term, this setup brings a very nice r/r ratio. Dashed line is the healthy correction pattern, but... With the FED printing loads of money, there is still massive upside potential and that is why the strict stop loss is our good friend. :) GL.
Dow Jones Flag PatternNice flag pattern forming today on the Dow Jones index. Looks to be price consolidation after the early morning sell off and I anticipate this selling could continue.
TP levels on the chart but really, if price drops down lower I think it could shock stock buyers in to taking profits and more larger downside to begin. Everyone knows fundamentals don't align with technicals right now but unfortunately there is no where else to put cash other than stocks.
I believe that it is okay to take 3 small losses in order to catch the next big move on stocks. This is a bubble due to burst in my opinion
DOW JONES - THE 54 YEAR CYCLE OF LOWS COMMENCING IN 1913The second 54 year cycle of major trough years - 1913, 1933, 1949, 1967, 1987, 2003 - only the latter year did not fall in the 9/56 year cycle
Will we see the bottom in 2021?
Best regards EXCAVO
US30 SHORT As we approach the 26900 sell zone, we are witnessing a complete rising wedge with phases falling drastically out of momentum. If we fail to break directly out of the upper channel resistance, we should expect a pullback toward 26200 zone before a final break to the 26900 and possibly a repeat of March's sell off. With rising concerns surrounding China, a spike in new Covid cases, and monumental unemployment rates; with no sign or signal of when a date of return for a high percentage of Americans. If fundamentals continue to surround the markets in negative fashion mixed with the DXY finding its bottom, struggling to push through this slowing bull phase, we should be heading significantly lower, fast .
