javivi

javivi

I think DJI can start a correction at this point do to virus effects on the economy: thousands of flights cancelled, new restrictions, etc... DJI has been bouncing inside a channel a while now. It could be an oportunity with a great R/R ratio.

javivi

-Expecting the wedge to break and price fall 3k pips -Vix is in a descending wedge as well -Macd shows some bearish divergence. -Bitcoin selloff might affect negatively as well.

javivi Updated 

-Low of the descending channel -Bullish descending wedge -Any news about Covid could trigger it.

javivi

-Bearish divergence on MACD -Bullish divergence on VIX -DJI is heavily overbought -Bearish Rising wedge Lets see how far can it go, I expect a 10% correction.

javivi

-Bullish wedge waiting for confirmation on breakout -Stimulus money still entering the market -3 trillon infrastructure budget might help it -Retesting the broken line of the pennant

javivi Updated 

-Extremely overbought -Inflaction and yields will trigger the deflagration -First support should be 28,5k

javivi

-Inflaction is going to skyrocket after print 1 trillion in stimulus in US and other main economies. -Crash in all major indexes is coming -Gold will be the main SAFE HAVEN again.

javivi

-Descending triangle that is likely to break upside -Descending triangle in DXY as well. Great risk reward ratio. I expect dollar to gain some strength and break the triangle that started to get shape when the pandemic started.

javivi

Details on chart

javivi

Details in chart

javivi

Chart is quite clear. I think it still needs to complete the megaphone pattern. Careful, the big drop is coming.

javivi

Looking good to long in the short term and short in the long term.

javivi

details on chart

javivi

Details on chart.

javivi

Details on chart

javivi

Nice RR, chart speaks itself.

javivi

Datail on chart, I am expecting DJI to touch 25000 before dropping. Looks like it is in the middle of an ascending channel. It could start falling in mid May I think.

javivi Updated 

Are you ready for the next big move?