$DIA REMAINS WEAK (STILL BEARISH)* TAKE AWAY FROM POST: We're expecting to see
*NOTHING HAS CHANGED, still seeing the Possible second wave of implosion
Minimum target is 15% in blue.
Although we are still seeing weakness in the market, it is imperative to remember that this is a longer time frame.
Meaning, It could take weeks/months before we start to see significant price movements.
We also believe that we could see a climatic top (10-20%), since the price is ranging above major support/resistance level, before the market shifts.
***As always, let's talk about it***
DIA
US30/DOW 16H: Massive CRASH or PULLBACK? End of Year Rally?Why get subbed to me on Tradingview?
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US30/DOW 16H: Massive CRASH or PULLBACK? End of Year Rally?
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because short-term I expect
more losses before reversal BULLS later.
🔸 Summary and potential trade setup
::: US30/DOW H16 market overview/outlook
::: please review my other idea in VIX
::: because that's the foundation of this
::: trade setup as well
::: price currently stuck in RANGE MODE
::: However: strong rejection/ DOUBLE TOP
::: means we will get more follow-through selling
::: STRATEGY: SHORT RIPS/RALLIES
::: Bears EXIT at 26400/26000 points
::: Expecting MILD downside next 1-2 weeks
::: regardless of the outcome in the US Elections
::: Initially we will get selling
::: And volatility spike in VIX (up to 40%)
::: then reversal in VIX and US30/DOW
::: recommended strategy: WAIT FOR FIX SPIKE
::: to 45.00 and then ENTER LONG US30/DOW
::: near 26 000 points - best RELOAD BULLS
::: TP1 BULLS 29 000 points TP2 BULLS 29 500
::: fully expecting END OF YEAR RALLY
::: no fast/miracle gains here - patience required
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: BULLS END OF YEAR RALLY
DIA/BTC (Bearish Pattern Confirmed)💎Technical Analysis Summary💎
BINANCE: DIABTC
-The Bearish rising wedge pattern has been confirmed
-The trendline support finally failed and the Bears entered the market
-If there will be follow-through by the Bears in the coming hours or days
-The downside target is around 900s sat area
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
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Not Financial Advice 💸
Please Exercise Risk Management 💱
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1:9 Risk/Reward Ratio NOWLow risk entry NOW. The trend is up until this channel breaks with volume.
Please feel free to check out my other ideas, I really want to help people understand the market the way that I do.
I hope we profit TOGETHER! If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation! DM me to get these charts and my ideas before anyone else!
WHat do we do on red days?It's easy to make money when everything is going up. but what happens when we hit a red day in the market, or even week-long red days? We hunt.
AS every good hunter knows, it's best to hunt when there is blood in the water.
We start by filtering all of our watchlists by percent gain for the day/week/month or whatever time frame you trade on. WE are looking for the stocks to go against the flow of trading. Green stocks.
They act like rubber bands when the market returns to positive territory.
so in conclusion, when the market is moving against you, look for stocks that show strength and look for opportunities there.
DOW JONES Head and Shoulder formationAMEX:DIA
The Dow jones DIA is at a critical point right now. We are at the 50d Avg and the support of a head and shoulder breakline. Both SPY and QQQ are going to end the week triggering a weekly MACD sell signal. And cyclicals are not on our side (mid of septamber till mid of october been the wors months)
Head and Shoulders formed in DIAHead and Shoulders pattern created in DIA chart on September 17th. Downward baseline/trendline formed between the 17th and the 30th of July. Idea is that the market drop from the Head and Shoulders pattern must break down through this trend line (minimum drop level) before a bottom forms from this play. Short Call.