Princessgirl

Princessgirl

The Dow will go down shortly after forming its head. I use the indicators to enter my trade such as MacD, stoch RSI, DMI, and CCI as well as when the EMA and the MA cross.

Princessgirl Updated 

The DIA is forming the head of the head and shoulders formation. Some people don't expect it to drop to around 26000 but we have been due for a pullback lately. The bottom of the head will hit around Feb 19th. It will then form the right shoulder. That is an approximate time. I am not looking at the time target of the right shoulder until we finish the formation...

Princessgirl Updated 

There is a descending triangle forming until the election, so it will either go up OR down from there. (so not necessarily a short strategy; it could go long) But hopefully, closer to that time, indicators will give a direction.

Princessgirl

In addition to the rising wedge/triangle we see on GOLD, there is also a nice Head & Shoulders Pattern formation presenting itself. I suspect we will go down to about $1450 on GOLD in the next 12 - 15 days. I don't know the exact timing of the bottom of the head (neckline) or the top of the right shoulder, but I did put the price points at where I think the right...

Princessgirl

In addition to the rising wedge/triangle we see on the GLD, there is also a nice Head & Shoulders Pattern formation presenting itself. I suspect we will go down to about 140 on the SPDR GOLD in the next 12 - 15 days. I don't know the exact timing of the bottom of the head or the top of the right shoulder, but I did put the price points at where I think the right...

Princessgirl

I posted about Gold earlier today but it was on the GLD SPDR not the actual futures. On that chart almost everything posted pointed toward a downward movement. But what stumped me on the GLD SPDR, was that the MacD did not indicate a downward movement. So I thought I would look at the Gold futures to see what the indicators were saying because usually the SPDR...

Princessgirl Updated 

I'm predicting a 50% move down until 151, or possibly a little lower to 148 with a target of around July 6th. The DMI is looking like it will cross. The ADX, which represents strength of move is a little low for me. But that could go higher by the target date. The MacD is starting to decline. (not included) The CCI is in the overbought position. The Stoch RSI...

Princessgirl Updated 

I know a lot of people think the Dow is going to go down this week. But I am having a hard time believing that. I know it is declining over the weekend right now as I type this but … The CCI is quite low already. I use that as opposed to the RSI as I get better buy and sell signals. The Stoch RSI is below 20 which indicates a possible buy signal. Lastly, the...

Princessgirl

I made a chart with the DOW so I thought I would post another chart with the S&P. Like I said in my DOW chart, I don't think the S&P will go down this week. I think it will go down after the long weekend. The CCI is quite low already (not included on this chart post; I don't like cluttered screens). I use that as opposed to the RSI as I get better buy and sell...

Princessgirl Updated 

I have been changing my chart predictions as things evolve. (sorry if this is a duplicate chart; just learning how Tradeview works with posting charts) The BLACK triangle is projecting when the DOW will fall ... approximately April 27th. I believe it will be another quick fall like we saw at the end of February/beginning of March. I believe it will reach the...

Princessgirl

In the next few days, I expect the DOW to go down based on indicators such as the DMI, MACD, Stoch RSI. I also use a few other indicators for exact entry not listed here. I don't know if we will go down to 16500 or 13500. Both are previous supports. Following what happened in 1929 to 1932, it did a retracement of 50%, and then back up for the next 6 months. ...

Princessgirl Updated 

I see a Head and Shoulders pattern forming with the head just peaking a few days go. We should see gold move down in the next day or two. I have 2 options for the right shoulder. I use the DMI, MacD and Stoch RSI to point me in the which direction. I also use Fisher indicator and Commodity Channel Index for entry point. (not shown) I use the CCI as opposed to...

Princessgirl Updated 

I guesstimate the bottom at where we started the bull market in 1995/96. That is when we see the market start to climb for this 20 or more year bull cycle. If you follow the Klondrateiff Wave Cycle, it is (typically) a 22 to 24 year cycle. This would coincide with the TOP of the bull market we saw at the beginning of Feb. So from there we should be going down....

Princessgirl

It could either go up or down, but based on some of the indicators, etc (which I haven't posted) it may go downward. I suspect it will hit a support level.

Princessgirl

I just decided to post this after looking at my accuracy of the time frame prediction. I made this chart about 1 year ago (maybe). February is where we started to go down.

Princessgirl

This is my first time posting a chart. Any critiques are welcome and appreciated. I also don't use the proper trading vocabulary sometimes. You may want to correct me on this as well. I think we have an ascending triangle to form the top of the head of the 'head and shoulder's' formation hitting that point at around Mar. 4, 2020. If it goes outside my...