US 30 USD SELL (US WALL STREET 30 INDEX - US DOLLAR)Hi there. Price is moving impulsively to the downside. Wait for the price to complete the continuation pattern that is forming on lower time frame and watch strong price action for sell.
Wallstreet
buy the dow to 27k. Divergence failureAfter the hourly divergence break looks like we are heading to 27k with nice support now under 26400.
JOURNEY SOUTH?The most important part of trading - especially with true trend-following - is stalking your prey very very carefully. The next is controlling loss.
Trend followers suffer heavier controlled losses - but also enjoy far greater gains - than those who rely on targets-based methods of trading. It is certainly not for 'everybody'. Only about 20% of all traders are true trend followers. Trend continuity trading is not trend-following.
Of high importance with 'stalking' any particular trend - because losses can be heavier - is the entry point. For example the ideal entry point in the chart snapshot would have been close to 26000. Anything much lower than that means risking heavier losses.
I'm often asked if A, B, or C instrument is heading north or south. Most traders when they ask this sort of question are not thinking in terms of time frame. They're mainly looking at price and thinking R:R ratio. In trend following all you can do is control the loss. You do not know how much you may eventually gain. That's why it's very scary! But this is not a tutorial on trend following techniques or strategy.
Overall though, one just has to pick a trend control loss and follow on that chosen time frame. It could be a lowly 1 min trend to a higher 1H trend - whatever you want so long as you can take the loss without flinching. I almost never get involved with higher than 1H trends these days.
For those new to trend-following, from my experience, a simple 5 min trend can take up to about 2 days before it reverses. A 15 min trend can last several days. 1H trends can last a couple weeks. Of course, they can be very short lived too.
Trend followers will also use harmonic patterns and other methods to assess key entry points. So 'we' don't have a problem with other methodologies. We'll use anything to get a pound of flesh out of the markets. But following the trend is the big thing.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Dow Jones: How the log Fibs show $88,000.No matter how odd it may sound now, we have come up with a simple model using the logarithmic Fibonacci extension levels to determine the next long term target on Dow Jones.
We have timed the beginning at the end of the great depression in the early 1930s. The ATH before the depression is Fib 1 and the bottom Fib 0. The market recovered the ATH in 25 years. After that we see a very peculiar occurrence on this Fibonacci log scale. Every market top follows the 0.4, 0.9 sequence, i.e:
- The next peak of the index was on the 1.4 Fibonacci extension. What happened then was a 16 year period of anxiety and consolidation before the next break-out.
- This came to a peak on the 1.9 Fibonacci extension which was the 1987 Black Monday crash.
- The next peak was just before the Dotcom crash of the 2000s on the 2.4 Fib (actually was exactly on the 2.5).
- The current coronavirus crash was on the 2.9 Fibonacci log.
According to this model, the next market peak should be on the 3.4 logarithmic Fibonacci extension, which is priced around $88,000. This may sound unrealistic right now but if you look back at every prior high, the market would always thought of the next long-term target as unrealistic. It went from $380 in 2029 to $955 in 1966, then $2700 in 1987, $11,500 in 2000 and now $28,000 in 2020.
As you see the time sequence from .9 Fib to .4 Fib is roughly 130 - 150 months. The time sequence from .4 Fib to .9 Fib is roughly 260 - 270 months. The next ($88,000) peak covers a .9 to .4 Fib, so according to the model it should be delivered within 130 - 150 months, timing this market peak approximately within 2030 - 2032.
What is also interesting is that the LMACD is printing the same formation on every Fibonacci peak. That is an aggressive bearish pull down. As you see, for the current coronavirus crash, this formation is already completed.
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BERKSHIRE HATHAWAY has high probabilily of going down to 180.3First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you
BERKSHIRE HATHAWAY has high probabilily of going down to 180.3
Dow Jones: Channel Up on 1H with MACD crossing.Dow Jones is trading within a Channel Up on the 1H chart (RSI = 41.064, MACD = -20.100, ADX = 30.196), currently on the bearish leg towards the Higher Low trend-line. The MACD is about to make a green cross, which is a bullsh signal. It can still take a few hours until the formation prices the Higher Low (even sideways) so there is still time to enter. Our TP is 26,500.
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Stalking the DJI MegaphoneThis is getting really interesting. It's gonna be a fight between technicals and fundamentals.
Recent analyses of FED fire power suggests they have only used only about 1% of their arsenal of 'tools'. This obviously means that there is a lot more room for the north due to FED interventions. But what is market sentiment saying? There is a big fight on.
Get your popcorn ready!
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BUY US30!Traders are finding themselves lost in the market lately and its time to start gaining confidence on how the Stock Market is regaining its confidence in the market and it seems to be that US30 is having a hard time dropping points. This swap zone is a perfect opportunity to buy noticing that in historical data there seems to show lots of momentum come out of this area. Tight SL and High Reward looks like it'll have to do.
NAS possible Bullish to 10300 ?NAS100 has been bullish last 2 NY sessions. With strong bullish momentum happening within the last hour of each session around 3-4pm EST. Currently price is ranging during Australian and Toyko as it was doing yesterday 6/29/2020. During Pre London and London session I'm going to see if price will break current support at 10134 and head down to liquidity pool at the zone of 10100 to 10085. If i see rejection around that zone I will look for buys during the NY session to push bullish momentum up to 10200 and then on to 10250 and 10300. on 6/23/2020 last week the high was 10310. Ultimately my bias is Buys going long for the long term. If your up late you can take shorts down to 10100 or lower until we see exhaustion, during the London session. But I'm headed to bed lets see how NY session goes at 9:30pm EST. Good Night and hit Like if you agree. Subscribe if you want to see more of my breakdowns. Im still learning, yet earning. Focused on Risk management. You will always remain profitable if you have more wins than losses.
Wall Street Almost Flying ! OK here we have 3 bullish patterns
1st bullish flag
2nd bullish triangle
3rd bullish head and shoulders
so far im waiting for a break out for a perfect entry
For any further questions kindly dm and im glad to answer you
Is it a bird? Is it a plane? LOLRight - guys and gals - it doesn't get much better than this.
Just don't blow up your live accounts on this pattern. Anything is possible.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
QUANTUM SLOWNESS - WHAT NEXT?Hopefully this post is both educational and entertaining.
I was having a discussion on line about the advantages of quantum speed trading - and how it has a greater power than the human brain. For sure it is more powerful at number crunching.
But quantum slowness is about trends! Look at the lovely 15 min trend. No big muscle computing power required. Just your plain slow eyes. If you had hugged that 15 min amber trend line on the break out of bad news, you would have been sitting very happy, after 24 hours.
So - true trend-followers do not care about brute force computing power. The human mind is superior for trends. Any arguments?
Some will be asking me what's next? How would I know? I don't have any ownership of the future. Ask your friendly guru out there - not me! :) :)
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
apple trend analysishello , i came with my new opinion about apple stock ...!
after a massive growth in apple stcok price and hit all time high , price has faced to a resistance Which caused stock prices to fall earlier ,
and another risk threatened the market is the covid 19 phase 2 and the interesting point is when AAPL hit that resistance ( trend line ) before market were at risk for corona and after that , the drop down happened , now AAPL hitting that resistance ( trend line ) again and market is facing to a covid 19 phase 2 , another drop down will happen ???? we will see !
ps: The desired resistance is indicated by red circle
Wall Street DJI Long Hi Foxes
This is my view, you can find everything you need on chart.
Safe Trade
Is 27,000 going to be your number? There were mad moves on the DJI (Wall Street) north on Friday 5th May 2020. The bulls gored the bears big time.
But there's 'fundamental' stuff that's not right. The Bureau of Labour Statistics (easily findable via a search engine), said that their figures were not correct. They even said in their report that if unemployment was counted more correctly the percentage would have been 3% higher.
However, the bulls were in a frenzy. Greed and hope dominated. Reality meant nothing.
Then there are other problems coming up. If you don't believe that COVID-19 has died and you think that human beings are the main vehicle of transmission, then mass protests breaching social distancing and public gatherings are likely to bring a second wave of virus infections. Hello - what caused the bubble to pop in the first instance?
If you don't believe that there is cure or vaccine in sight for the next 6 months to fight this virus, then it means the virus is gonna exploit human interactions from mass protests across America and other parts of the world - without restraint.
If you believe that money printing is the economic fix for the myriad effects of COVID-19 on GDP (and that GDP is important), then for you the markets will charge north forever!
The choice is yours about what you believe. But what you believe could be the result of manipulation of minds by fake news. Some say there is no such thing as fake news.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Dow go short another divergenceYet another divergence, short opp. This time matched on the Dax, and tech 100 stocks. Same play as all the rest, go short, take layered profits at support. Reverse and go long if high gets taken out and shows momentum.
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ANALISIS DE LA COYUNTURA DE WALL STREETEl mercado desde el punto de vista de elliott, están claras las opciones conviven, opciones alcistas y bajistas, nosotros hemos operado la bajista, pero sabemos que la alcista es posible y el mercado nos dirá si estamos equivocados o acertados, esta es una de las veces que el análisis está mucho más claro que la operatoria.
S&P500 (June 7)The momentum has been very strong to the upside in this index and we could see a slight retrace before targeting all time highs. However we could also see a drop here, because other indices are giving out bearish signs so we have to bear that in mind too.
walmart stock prices analysishello friends !
i came with new analysis about walmart stocks price (WMT) , as you can see the chart of walmart stock prices , the price Couldn't fix the top of the daily channel , but market still is in bullish mode for long term but after the recent growth market need correction , in my new analysis for walmart i found the nearest support level , if the price break any of these support , it will move down toward the next support level , after the correction complete and we could see the sign of reversal , i will update the analysis with showed resistance in the chart .
hope it will be useful for you .
5.31.2020
