Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible. Manage your capital correctly and competently! Only enter trades based on...
Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible. Manage your capital correctly and competently! Only enter trades based on...
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from...
TVC:DJI has formed 5 waves down in daily timeframe. Unless this 5 wave structure turn into a 7 or 11 wave (counter-trend) formation, this is likely a beginning of short term down-trend. Now, this down trend could play out in different ways, 2 of the most likely options are highlighted in the chart. This 5 wave decline could be a larger ABC (or WXY/WXYXZ) which...
Good Morning!!! Let's dissect a few things. The DJ:DJI is showing warning signs on the Weekly Chart: Money has been leaving. Harder to see on a daily so showing on weekly. RSI is also weak. Daily The DOW is trading under shorter term moving avgs. The RSI is at an important juncture, 50. $ flow almost under 0. ----------------------- There are some positives...
SPX is heading to new all time high by May 21. Invalidated if breaks below Apr 19 low.
we could see another rebound in 2nd half of this year due to easing inflation rate. july is uncertain.
looking for a bounce around here. first target around 35.500
Indices are at highs. We haven’t been to the top yet, there’s no data there. If we update the historical maximum, we can find out more in the Daily Posts. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show...
Dow Jones is supported by the 4H MA50 and just turned technically bullish on its 4H technical outlook (RSI = 55.413, MACD = 58.400, ADX = 34.689). As long as it does, we are bullish, aiming at another +5.03% rise (TP = 41,400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. ...
- DJI is currently encountering strong resistance at 34500. - The psychological significance of this resistance level adds to its importance. - This could be one of those, Go Big or Go home scenerios - In case the resistance holds, a potential psychological support level at 33000 may come into play. The support trendline intersects at a similar level. What is...
Dow Jones is bullish on its 1D technical outlook (RSI = 62.964, MACD = 188.520, ADX = 55.476) and has completed three green 1W candles in a row. Having reached the 0.786 Fibonacci level, the last confirmation left to see in order to call for a continuation of this uptrend is for the 1W RSI to cross over its MA. The moment it does, we will buy again and target the...
Dow Jones (DJI) gave us a solid bullish break-out signal after it broke out above its 1D MA50 last week (May 06, see chart below): As you can see this gave way to a new Channel Up, which we view on the current analysis on the 4H time-frame. That is because on Friday it formed the first 4H Golden Cross in 6 months (since November 08 2023)! This is on its own...
Dear Colleagues, I suppose that the price has started the wave "5" of the higher order. At the moment I expect a correction in wave "2" of lower order, then I expect the beginning of wave "3" with the aim to reach the resistance area 39156.49. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The Dow Jones Industrial Average has recently attained a critical juncture, reaching the 61.8% Fibonacci retracement level. This significant milestone is augmented by the convergence of several key technical factors, notably including the Point of Control (POC) volume and divergence signals observed across various indicators. The confluence of these technical...
Dow Jones (DJI) broke on Friday above its 1D MA50 (blue trend-line) for the first time since April 10 and even though it failed to close above it, today has already established the price action above it. This is a strong first bullish signal but isn't enough by itself. Even though the 1D RSI has already turned its MA from Resistance to Support, we need to see a...
Hey there, a CUP & HANDLE is forming up, which could lead GOLD into a downtrend (since the CUP formed already). If you are new to this, feel free to check out my Videos and charts about Cup $ Handle, which are explanationary and educating. In addition to the overall fear and uncertainity in the markets, especially with an eye on corona virus, people are...