[Dow Jones] bearish- strong resistance around 340 - bearish divergences - bearish S&P500 (coming recession) DShortby Bitcoin_WeatherUpdated 223
Interesting week aheadHow do you think - will they rise? i think they will - why? Why not? Buy I am usually wrong, so perhaps this time will not be different. DOW is at interesting level, where market will need to decide - they want the blue chips to grow or fall... I am neutral at this point and I will be watching the events. Good luck all the TV community! Dby PetrBorosh0
[Dow Jones] bearishBearish divergence and death cross. This idea is a trend hypothesis, do your own research. DShortby Bitcoin_WeatherUpdated 3
Potential Crash for Dow Jones after breaking support today!Due to Delta Variant worries the market had a decent dip today, but honestly that is the least of my worries. The support and resistance channel was broken pretty badly as seen by my blue lines. Also with MACD confirming a dip to the downside it seems this will be a long term trend. However RSI is at a lower so it seems we will see a bounce back within the next two days, but if that bounce back isn't able to go back into the channel it seems my potential line could sadly be true. The lines I drew are based off past support lines and fib levels. Remember I could be very wrong, and this 5-10% dip could not happen, please do your own research too! Dby kindCode509250
Bearish Stockmarket DJXA fortnight ago gave us a real warning with big drops in the market. 10th May was the last higher high and the stochastic RSI showed pressure and selling commenced .Close to a month later 7th June the stochastic RSI was overbought once again but this time the price had dropped a lower high position The structure is the same and the price making a 2nd lower high. Being out of the market and being patient right now is a smart move These are my opinions of how I view the market DShortby GlobalTrader_1
$DJX Daily TOP #Dow$DJX may be on the verge of a major decline. Many signals points into that direction: - S13 exhaustion point recorded today (October 6th) - Daily Price Flip - Daily close near Demand Line - Wave B recently triggered after a recent advance of 5 upwaves - RSI lagging near neutral zone From this observation, 3 different scenarios can be drawn: 1. Moderate Bear Wave C ends near 240/250 before resuming a new uptrend 2. Strong Bear There is a larger picture where the decline generated by Covid19 could actually be a bearish wave 1. The top of the bullish wave 5 is also the top of a potential wave 2. In this case, we can also expect to see the dramatic decline associated with a wave 3 with a main target around 120 3. Continuation of the bullish trend For this post, the TDX indicator has been configured with a low countdown precision. With higher accuracy settings, the exhaustion point S13 could be postponed and recorded later (at least above 285) Best! MATHR3EDShortby MATHR3EUpdated 224
A Detailed Roadmap for the Weary Traveler + Short SetupTrading complex corrective waves is very difficult. You know this to be true if you've been trading for the last 1.5 months. Well, this market is fickle. It didn't reveal its wave count until today. But now that it has, those who still have the energy and the capital will profit mightily. Wait just a bit longer and then fire the beam cannon. Heading straight down once this all-encompassing corrective 2.C.V.5. wave ends. - Persistent Pig CBOE:DJX CURRENCYCOM:US30 SPCFD:SPX NASDAQ:NDX AMEX:DIADShortby UnknownUnicorn5511258Updated 885
Do you See what the Experts See !!!Stock-market expert sees a ‘monstrous rally’ on tap next week, if 1 recent trend holds ??? Based on research from the Fundstrat team, the stock market will start to drive higher on Aug. 14, with the possibility of a 30% rally in store for equity markets over the course of the ensuing two weeks. “Since 1920, every stock market decline >35% saw a symmetric price recovery. In other words, the faster the markets fall, the faster the markets recover, and the ratio is 2.5X. Given the speed of the 2020, this implied making new highs before the end of the Summer,” his team writes ??? I say That past price action is not necessarily indicative of future price action ! But i'm no expert ! This is whAT I do See no big rally for next week are the week after ??? ****New NEWS !!!*** 2:00 pm 8/8/2020 If i heard this right the Dubocrats have left town without a relief or Stimulus Package and want be back for a long while !!! My dow chart shows two golden egg's in time that just might be trendy, both with six Golden Candles with a bloop down possible daily gap fill $23800 arena is possible then back up to gap fill $28900??? This chart could indicate a double top ready for a pull-back ??? Stoch/Rsi chart with gold small ellipse indicates it at it highs and a sharp drop down could be very possble ??? This Dow chart i created could easily come to fruition especially with the New News about the Dumbocrats leaving Washington without giving needy Americans some relief, just thier self serving political agenda's !! :-)DShortby MEGALO1Updated 9
Maybe Dow 100,000 in 9 years?the DJI rose 600% from its last crash coming up to 1929. Dby imagochristus5
DJX- The Jumping Man PatternIf resistance has been found, down we go... DShortby SupernaturalSpiritAnimal5
Djx trending! You have to be carefulHello guys.. I am happy because you guys have supported well And I will work hard for you. Just like and follow me. You have to check my target not my chart quality because I am always right. D J X is very burning point which is given in chart. Enjoy.....Dby UnknownUnicorn524590916
Dow Jones - shortDouble top on Dow Jones - Plus a bearish divergence detected on MACD. Next direction is down! No way to go up. We will see a tumble on the main American index on next weeks. Thanks, See you, SimoneDShortby SimoneSiesto3
A Bearish view Food for thought as the trading year approaches it's end. This count suggests lower prices below 23000 level. And reflects my belief that a 5th wave Cycle degree is still pending and that the 4th wave is yet complete as an expanded flatDShortby TheWhistler222
DJX DowJones Potential Correction on The HorizonI was really curious how DJX might look like this days. So I made this. I hope I'm wrong - so take it with a grain of salt... DJX seems to have completed a Major Elliot Wave Pattern, starting from the 2008 Crisis. It's starting to show signs of a correction. I've put together 3 major scenarios: Starting from best-case scenario to worst-case scenario S1) GREEN ABCDE correction It hold support at ~235 (S3.0) It will form a descending triangle (from which it could hopefully break out). Descending triangle forming between S3.0 - S3.1 - S3.2 This is based on "Fib1" retracement. S2) RED ABC correction - based on Fib1 and MajorFib ( that started in 2008) Break supports at S2.2 ~235 Meets CA1 - Critical Area 1 Bounceback from S2.1 to previous S2.2 Completes cycle at the end of Fib1, and Major Support S2.0 S3) ORANGE WAVE - based on Fib2 and MajorFib (from 2008) Break Support at S3.3 Finds Resistance at S3.4 Goes down to S3.2 /or/ S3.1 - S3.1 More likely to fit ElliotWave rules Find Support at S3.1 Resistance at S3.2 Completes cycle at S3.0 Which is a major Support (it is the end of EW3). That kind of concludes it for me. What do you think? I've started making charts only very recently and I really like it. Feedback is always appreaciated. See related ideas for a "zoomed out" view of this. Also, what do you think this might mean for the global financial market? DShortby reynarUpdated 1
This Triangle might show an explosion continuing the prev. trendDJX shows a nice simetric triangle. Dby CarlosRuizf1111