DOW JONES Key Levels Analysis!
Hello,Traders!
DOW JONES is trading in downtrend
But the index has retested
A key horizontal level and IF
It gets broken, then we are officially
In the bear market and in the recession as well
So watch this level closely in the nearest weeks
Observe!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Observing
LTC/BTC has me cautiously optimistic I'm observing LTC here as it has decisions to make. Either down, up or sideways. Speaking with fellow traders whom's opinions I respect and have more experience than I have. I've been warned that LTC seems to like to fake out. Thus I'm neutral on this and it definitely isn't a call . I'm not going to let the bullish signs of reversal I see put me in a long bias just yet. Rather I'll be using this as a learning experience and be following it's steps (hopefully gradually stepping up) . As the adage goes "Markets like to take the steps up and the window down".
FA observations:
1. It's been in price discovery for a while looking for it's bottom ;)
2. It's bounced off the support line and may be forming a V bottom reversal and could possibly look to put in a HL from here
3. I'm seeing bulls stepping in and buying these lows
I'm publishing this idea so that I may keep it in the back of my mind and maybe in yours? I do think when LTC starts moving it's going to be one for the books. And with that I would like to wish everyone a happy Easter and do spend this time with loved ones (especially parents, while you still can)
# Obligatory Disclaimer
My ethos at the onset is best described by the following acronym K.I.S.S (Keep it simple stupid) I use this mantra to ground myself, because nobody "outsmarts" the markets, even the legends only had a big brain understanding of them, you will always be the student. Make peace with that fact. Also I'll be sticking with simple charts that show my analysis of assets and won't be cluttering with the indicators I'm using, I'm not an educator. There are many other education channels here on TV and great senpai's curating them. If most of what I said above doesn't make sense, my advice is don't put your hard earned money in ( And most importantly none of this is financial advice, don't come crying and moaning at me if/when you lost your lunch money! )
And with that ladies and gents , always K.I.S.S before you get F'd
Uptrend in Tiffany & CoTiffany & Company is an American luxury jewelry based on NY. I'm closely watching this chart, a linear regression r(0.944) shows a nice, systematic uptrend that started a few months ago. Be careful trading this asset since an increased security near the Trump's Tower initially led investors to consider the possibility of a sharp decrease in sales .
---
"The trend is your friend." - Unknown