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This is the Bottom $btc Bitcoin Fibonacci levels from historic lows, to significant tops. Note that at the .786 level, and anything lower, (note as well the potential 30% drawdown lasting up to 2 months that can occur at significant cycle bottoms) has historically been the bottom for the cycle. We might front run the bottom though and fill up before we reach say $10,000 or lower. The 2018 bear market bottom showed no journey into sub .786 levels, which again would almost certainly be the most optimal long entry point (low end of .786 and anything sub.) Further, THE MOST SIGNIFICANT RISK to take in end of the year 2022, would be an under exposure to the brave new asset, or stocks in general as the fed is forced into dovish expression. the fed has a money printer
BNC:BLXLong
by xueq
$DJI broke Head & shoulder & long term trend yesterdayDJ:DJI broke the head & Shoulder pattern on daily charts. However, the volume was not heavy. AMEX:DIA also broke the up trend from the bottom in 2022 SERIOUS DAMAGE has been done the last 30 days. We can get a bounce here BUT being Friday, not sure. --- The previous MONTHLY BEARISH moving avg crossover on the DJ:DJI happened in June 2008. We all know that year. The RSI in 2008 showed clear Negative Divergence & it formed a Doji (cross) at the top. 2008 bear > 14k - 7 = 50% CV bear market > 30k - 18K = 40% 2022 bear market > 36 - 28 = 22% --- Using AMEX:DIA as it resembles DJ:DJI pretty decently IF 2021 was the top, looking more & more likely as: RSI did not move strongly 2021 showing Negative Divergence AND the recent rally was SUPER WEAK! (wanted to see a stronger relative strength) But rates can now be dropped & they can come and save the day. Very likely scenario in 2024.
DJ:DJI
by ROYAL_OAK_INC
DOW JONES crossed below the 6 month Channel Up.Dow Jones is waving a strong bearish break out signal as it crossed under the bottom of the 6 month Channel Up today and most likely will close that way. This means that the trend is shifting to bearish on the medium term as a new Channel Down could emerge. Trading Plan: 1. Sell on the current market price. Targets: 1. 33840 (MA200 (1d)) and if it breaks after a small bounce target extension 33200 (bottom of Channel Down). Tips: 1. The RSI (1d) is trading in a Channel Down of its own. Last time it did was from December 2022 to March 2023 and as you see that price action is similar to today's. It bottomed some way under the MA200 (1d), which is consistent with our target extension. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Short
by TradingBrokersView
DOW JONES Buy signal to 35300 short termDow Jones crossed again over the former Falling Resistance after making a bounce near the 1day MA100. This is the third time this level holds in almost one month. This keeps the long term Channel Up pattern intact. The 1day RSI is on the exact level of the June 2nd break out, showing a high level of symmetry of waves inside the Channel Up structure. Buy and target the 0.786 Fibonacci level (35300). Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30Long
by TheCryptagon
11
✅ Daily Market Analysis - WEDNESDAY SEPTEMBER 20, 2023Key events: UK - CPI (YoY) (Aug) USA - Crude Oil Inventories USA - FOMC Economic Projections USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference Mixed Market Signals: US Stock Futures Stabilize, Forex Rates Range-Bound, Gold Edges Up Slightly We observe a blend of mixed signals across various asset classes. Here's a brief overview: US Stock Futures Stabilize: US stock futures have shown signs of stabilization after recent volatility. While they experienced fluctuations, they are currently exhibiting a more balanced and steady pattern. This suggests that investors may be finding some stability in the equity markets. Forex Rates Range-Bound: Foreign exchange (forex) rates are trading within relatively narrow ranges. Major currency pairs are not displaying significant movements, indicating a state of consolidation and a lack of clear directional bias. Market participants may be awaiting key economic events and data releases for potential catalysts. Gold Edges Up Slightly: Gold prices have seen a slight uptick. The precious metal has inched higher, albeit modestly, reflecting a degree of investor interest in safe-haven assets. Gold often attracts buyers during uncertain or turbulent market conditions as a hedge against risk. Let's analyze together each point of this article During the evening trading session on Tuesday, US stock futures displayed limited movement, mirroring a downward trend in major benchmark indices as bond yields continued to climb in anticipation of the impending interest rate decision by the Federal Reserve. Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures all exhibited marginal fluctuations, remaining within a narrow 0.1% trading range. NASDAQ Index daily chart SPX Index daily chart DJI Index daily chart As we draw closer to the upcoming policy announcements from the Federal Reserve (Fed), Bank of England (BoE), and Bank of Japan (BoJ) scheduled for later this week, major foreign exchange rates are showing limited trading ranges. This subdued trading environment comes on the heels of a substantial sell-off that occurred at the end of the previous week, triggered by developments in the European Central Bank's (ECB) latest policy meeting. Notably, the euro demonstrated signs of a modest recovery yesterday, with its value surging to an intraday high of 1.07199. This rebound allowed the euro to surpass the low it had touched at the conclusion of the previous week, which had been at 1.0632. EUR/USD daily chart The resurgence of the euro yesterday can largely be attributed to a noteworthy report from Reuters, which cited sources within the European Central Bank (ECB). The report, titled "ECB to Address Excess Liquidity in Next Phase of Inflation Combat," played a pivotal role in boosting the euro's performance. The minutes released from the September meeting of the Reserve Bank of Australia (RBA) revealed the possibility of further tightening measures if inflation continues to persist. Additionally, market attention was focused on China's central bank (PBOC), which was set to announce its interest rate decision later in the day, potentially impacting the Australian Dollar. In another part of the forex market, the USD/JPY pair saw a notable surge, reaching a peak of 147.99. This marked fresh highs for the year 2023 and was supported by the ongoing rise in US bond yields. USD/JPY daily chart In the previous trading session, the US Dollar closed at 147.60 Japanese Yen, while Japan's 10-year JGB yield increased by 1 basis point, reaching 0.71%. Against the Canadian Dollar (USD/CAD), the Greenback experienced a decline, slipping from 1.3485 to 1.3445. This marked the Canadian Dollar's strongest performance in six weeks, buoyed by Canada's annual inflation data hitting 4%, surpassing the anticipated 3.8%. The Dollar Index (USD/DXY), which measures the US Dollar's strength against a basket of six major currencies, saw a slight drop from 105.35 to 105.15. Market expectations are leaning towards the Federal Reserve maintaining its current interest rates at the upcoming meeting. US Dollar Currency Index daily chart In additional economic developments from the previous day, US Housing Starts for August disappointed by coming in at 1.28 million units, falling short of expectations. This figure represented the lowest reading since June 2020. Conversely, Building Permits for August showed strength, reaching 1.54 million units, surpassing the previous figure of 1.44 million, and beating estimates set at 1.44 million. Regarding the precious metals market, the most-active futures contract for gold on New York's Comex, specifically the December contract, settled at $1953.70 per ounce. However, it recorded a modest gain of just 30 cents for the day. XAU/USD daily chart The 10-year Treasury yield is currently hovering around the highs observed in August, suggesting the possibility of establishing new cycle highs. Gold traders are closely monitoring these developments, with their initial focus centered on the Federal Reserve (Fed) and subsequently shifting to the policy decisions of the Bank of England (BOE) and the Bank of Japan (BOJ). Should optimism rise that most advanced economies have completed their interest rate hikes, it could provide a favorable backdrop for gold. However, achieving such optimism may prove challenging, given that the Fed and BOE might not indicate the conclusion of their rate hikes just yet. If concerns about economic slowdowns, often referred to as "hard landings," start to trouble Wall Street, gold could attract safe-haven flows despite some underlying dollar strength. Global markets are adapting to a new perspective on rate hikes, triggered by the European Central Bank's decision to raise rates to a record high of 4% on Thursday, even as it suggested that this hike might be its final move in the near term. While the Fed's policymakers are not expected to raise rates at their upcoming meeting on September 20, this follows a series of 11 hikes that added 5.25 percentage points to the base rate. In February 2022, the rate stood at just 0.25%. Chairman Jerome Powell's statements during his news conference on Wednesday will be closely analyzed for insights into the Fed's outlook for the remainder of the year, especially with two more policy meetings scheduled for November and December. Nonetheless, with a Fed rate hike seemingly on hold for now, some dollar investors are adopting a wait-and-see approach, while others are capitalizing on the greenback's recent eight-week rally. In August, US consumer prices experienced their second consecutive monthly increase, resulting in a year-on-year growth rate of 3.7%, up from 3.2% in July. This rise was primarily attributed to surging gasoline prices, accounting for over half of the overall increase. Such a phenomenon could exert renewed pressure on those at the Fed who are committed to combating inflation. US Consumer Price Index (CPI) The Consumer Price Index (CPI) is a widely followed economic indicator in the United States that measures changes in the average price level of a basket of goods and services commonly purchased by households. It is a key gauge of inflation and provides valuable insights into the cost of living for the average American consumer. The CPI is released by the U.S. Bureau of Labor Statistics (BLS) on a monthly basis and is considered one of the most important economic indicators. The CPI calculation involves tracking the prices of thousands of items across various categories, such as food, clothing, housing, transportation, and medical care. These items are grouped into different expenditure categories, and their prices are weighted based on the average spending habits of urban consumers. The index is then calculated by comparing the current prices of these items to a base period's prices, usually set at 100. Here are some key points about the US Consumer Price Index (CPI): Inflation Measurement: The CPI is primarily used to measure inflation, which is the rate at which the general price level of goods and services rises over time. It helps policymakers, economists, and investors assess the impact of price changes on purchasing power and economic stability. Components: The CPI is divided into two main components: the "core" CPI and the "headline" CPI. The core CPI excludes volatile food and energy prices, as they can experience significant short-term fluctuations. The headline CPI includes all items, providing a broader view of price movements. Base Year: The CPI is reported relative to a base year, which is assigned a value of 100. Changes in the index represent the percentage change in prices relative to the base year. For example, if the CPI is 110, it indicates a 10% increase in prices since the base year. Monthly Release: The BLS releases the CPI data on a monthly basis, typically around the middle of each month, with a one-month lag. This allows for the timely assessment of inflation trends. Uses: The CPI is used for various purposes, including adjusting Social Security benefits, indexing pensions, calculating cost-of-living adjustments (COLAs), and helping businesses adjust prices and wages to account for inflation. Economic Indicator: Economists and policymakers closely monitor CPI data to make informed decisions about monetary policy, interest rates, and economic stimulus. High inflation can erode purchasing power and lead to changes in central bank policy. Basket of Goods: The CPI's "basket of goods" is periodically updated to reflect changes in consumer preferences and spending habits. This ensures that the index remains relevant and accurate. Core and Headline CPI: The core CPI, which excludes food and energy prices, is often used to assess underlying inflation trends. The headline CPI, including all items, provides a more comprehensive view of overall inflation. In summary, the US Consumer Price Index (CPI) is a crucial economic indicator that tracks changes in the average price level of goods and services purchased by consumers. It helps gauge inflation, informs policy decisions, and has significant implications for individuals, businesses, and the broader economy. ---- The central bank maintains its targeted inflation rate at a maximum of 2% per year and has committed to achieving this objective through additional interest rate hikes if they are deemed necessary. The key areas of focus will be the Federal Reserve's (Fed) economic projections and the Fed Funds rate forecasts. Of particular significance will be the Fed's "dot plot," which discloses the individual perspectives of Fed members regarding the future path of interest rates. Until this information is released, we can expect foreign exchange markets to remain within their recent trading ranges, albeit amid somewhat turbulent conditions.
by FOREXN1
10
DOW JONES; Main ASCENDING-WEDGE, Crucial Completion Incoming!Hello, Welcome to this analysis about the DJI - Dow Jones Industrial Average Index. An important index in the stock market and as we have seen an absolute recovery since the heavy corona breakdowns that hit global financial markets at the beginning of the corona pandemic last year there developed unhealthy movements within the market as the stock market moved to the upside with a vast majority of indices while the real economy still not recovered that fastly and in this steep manner as it was the case in the stock market, in fact in many places the real economy is still heavily damaged and besides that there is a accelerating inflation going on that can be a source of a potential bear market to set up, especially when looking at this whole determination the possibilities for a pullback scenario are quite high in this measurement. Therefore, when looking at my chart we can watch there how the DOW is building this main ascending-wedge-formation which is certainly a bearish reversal formation and as the DOW already completed the whole wave-count within this formation and after that completion pulled off the upper-boundary there is not much remaining for a completion of this formation which will happen when the DOW bounces below the lower-boundary and from there it will be the origin for a continuation to the downside with the DOW pointing the 32500 USD level marked in my chart in blue, when this level has been reached the situation needs to be elevated again and the DOW needs to show if it manages to reverse from there on or just sets up for a bearish continuation to the downside. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
14
$DJI $NDX $SPX show warning signs UpdateGood Morning! We turned neutral, from Bullish Sept 2022, late July - early August. Since then #stocks have traded slowly lower. For the moment all major indices trade ABOVE longer term moving avgs. This tends to be a good sign. However, they're all trading sub short term moving avgs. Furthermore: Indicators like RSI & Money Flow have eroded recently They've also formed ominous patterns, as follows: DJ:DJI formed Rising Wedge. NASDAQ:NDX $ CBOE:SPX Head & Shoulders. Most likely these patterns will resolve soon. Either confirm or break. Have an awesome trading week!
DJ:DJI
by ROYAL_OAK_INC
Dow Jones (DJI) -> Back To The TrendlineMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Dow Jones. At the moment the Dow Jones is retesting its previous all time high which is roughly at the $35.500 level and the index is already starting another bearish rejection. If we see a retracement back to the lower bullish trendline of the rising channel which is sitting at the $30.000 level, this will be a textbook bullish continuation setup on the Dow Jones. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
TVC:DJIShort
by basictradingtv
21
DOW JONES: Rejected on the 2week Resistance. Any change to recovDow Jones is having a sharp opening pullback on the 1H timeframe but remains on a bullish 4H technical outlook (RSI = 58.586, MACD = 126.970, ADX = 41.565), as the HL trendline of the Bullish Megaphone is holding. The reason for the pullback is the rejection on the R1 Zone (35,100 - 35,030). A 4H MACD Bearish Cross will most likely take the price to the HL trendline and the 4H MA50 (TP = 34730) in order to test the buying accumulation at the bottom of the Megaphone. A buy signal consists over the R1 Zone, whose target will be the Megaphone's HH trendline (TP = 35,400). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
2
US stocks are back leadingWorld markets bottomed on Spetember 2022 and during the recovery, European stocks AMEX:FEZ outperformed US stocks TVC:DJI for 9 months Nos, for the last 3 months, US stocks are back in the leadership as the DJI/FEZ ratio broke its downtrend back in April; just weeks before the AMEX:FEZ broke its trendline That is why relative strength is so important, sometimes gives leading signals And for the last 3 months, energy AMEX:XLE has been the leading sector, with coal being the ledading industry, the thing is that stocks like NYSE:CEIX , NYSE:AMR and NYSE:NRP are already extended Let's wait for a base formation in these leading stocks
AMEX:FEZ
by dpuleo19
DOW JONES Strong bullish leg within a Bullish Megaphone.Dow Jones (DJI) gave us a strong bottom buy signal 8 days ago (see chart below): On today's idea we look at the 1H time-frame, which offers a buy opportunity for quick 1-2 day profit as the index is on a strong bullish leg within a newly formed Bullish Megaphone. Based on the 1H RSI which turned overbought and the 1H MACD which just formed a Bearish Cross, this sequence resembles the August 28 - 31 fractal and we could be on a similar position as on August 30. That was the final consolidation before the bullish leg made its peak on Resistance 1 (35100). Due to the Bullish Megaphone, this time it can go a little higher, so today's buy position targets 35150. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
3
✅ Daily Market Analysis - WEDNESDAY SEPTEMBER 13, 2023Key events: UK - GDP (MoM) (Jul) USA -Core CPI (MoM) (Aug) USA -CPI (MoM) (Aug) USA -CPI (YoY) (Aug) USA -Crude Oil Inventories In Tuesday's evening trading, US stock futures remained confined to a tight range, mirroring a session of mixed performance for major indices. This cautious sentiment prevailed as investors braced themselves for the upcoming release of the latest Consumer Price Index (CPI) data scheduled for Wednesday's session. The Dow Jones, S&P 500, and Nasdaq 100 all traded within a narrow range of just 0.1%. NASDAQ index daily chart S&P500 index daily chart DJI index daily chart The US dollar demonstrated relative stability in the lead-up to a significant US inflation report expected on Wednesday. However, it made gains against the Japanese yen as traders continued to digest comments from Japan's top central banker, hinting at a potential early exit from the country's negative interest rate policy. The US currency advanced by around 0.2%, reaching 147.39 against the yen. This marked a solid recovery from its most significant one-day percentage increase in two months, which occurred on Monday following statements made by Bank of Japan (BOJ) Governor Kazuo Ueda over the weekend. USD/JPY daily chart Investors were granted more time to carefully analyze Ueda's comments, and influential ruling party lawmaker Hiroshige Seko indicated his preference for maintaining an ultra-loose monetary policy on Tuesday. This reaction came in response to Ueda's remarks, which had initially driven up the yen and bond yields. The yen has been under sustained pressure against the dollar, particularly since the Bank of Japan (BOJ) maintains a dovish stance in comparison to global central banks. This contrast became even more pronounced following the Federal Reserve's aggressive rate-hike cycle, which commenced in March 2022. Data released on Wednesday revealed that Japan's annual wholesale inflation had decelerated for the eighth consecutive month in August. However, it remained at 3.2%, surpassing the central bank's 2% target. On a broader scale, the US dollar continued to exhibit strength, although market movements remained subdued as traders awaited a closely watched US inflation report scheduled for later in the day. Meanwhile, the British pound experienced a marginal 0.05% decline, settling at $1.2489, while the Australian dollar also saw a slight 0.03% dip, reaching $0.6408. GBP/USD daily chart The US dollar index, which measures the dollar's performance against a group of competing currencies, maintained its stability at 104.61. This followed a dip to a one-week low on Monday, characterized by its most substantial daily decline in two months. Analysts attributed this decline to the unwinding of long dollar positions, a response to a recent series of strong US economic data releases. US Dollar Currency Index daily chart The eagerly awaited US Consumer Price Index (CPI) data for August, scheduled for release on Wednesday, comes just a week before Federal Reserve officials gather to make decisions on interest rate policy. Forecasts suggest that the headline CPI is expected to show a monthly increase of 0.6%, a notable rise from the previous month's 0.2%, with an annual increase of 3.6%. Although the central bank is widely anticipated to maintain interest rates at the upcoming meeting, as indicated by CME's FedWatch Tool, the Fed's actions in November remain less certain. In other developments, the euro held steady at $1.0753, maintaining its position after reaching a one-week high of $1.0777 in the previous session. EUR/USD daily chart European shares encountered a downturn on Tuesday, primarily driven by the negative impact of German software company SAP. SAP's performance was influenced by a disappointing forecast from the US tech giant Oracle (NYSE: ORCL). Germany's DAX index experienced a decline of 0.5%, with SAP's shares slipping by 1.8%. This decline followed Oracle's projection of current-quarter revenue figures that fell short of Wall Street's expectations. Challenging economic conditions had placed pressure on businesses' cloud spending, contributing to the subdued outlook. In contrast, Britain's FTSE 100 index stood as a notable exception, recording a gain of 0.4%. This upward movement was supported by a weaker pound, a result of data indicating a weakening labor market. Interestingly, despite the economic challenges, wage growth remained robust in July, creating a somewhat ambiguous outlook ahead of the Bank of England's impending interest rate decision next week. FTSE 100 index daily chart
by FOREXN1
8
DOW JONES 1st 1W Bullish Cross since 2016. Can we see 42k next?Dow Jones (DJI) is forming this week the first MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross (when the former crosses above the latter) on the 1W time-frame since September 2016 (assuming January/ February 2021 was flat due to the COVIC flash crash). This on its own is a major long-term buy signal, especially since the 1W MA50 has been supporting since March. As you can see the 2022 - 2023 price action is very similar to the 2015 - 2016 sequence. Both fractals started on a Bear Cycle under Lower Highs, which bottomed after marginally breaking below the 1W MA200 (orange trend-line). The new Bull Cycle was confirmed after the price broke above the Lower Highs trend-line and turned it into a Support being formerly a Resistance. The 1W MA50/100 Bearish Cross signified the bottom. Notice how even the 1W RSI and 1W MACD fractals are identical with their respective Higher Lows. It appears that Dow is currently past the initial Channel Down and on the Circle pattern, which in 2016 was the final consolidation before a hyper aggressive rally that topped in January 2018. Before that top it reached the 1.5 and 1.786 Fibonacci extensions. We treat the current pull-back as the last opportunity to buy this upcoming rally while the price is still that low. Having relatively low expectations, we expect to see at least 42000 (1.5 Fibonacci) by the end of Q1 - start of Q2 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
8
D-JONES, Important Levels To Consider Next Times!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at the DOW JONES Industry Index 4-hour timeframe perspective, the recent price-action, the current importances in the structure, what to consider next times and how to handle upcoming situations in the right manner. As the overall stock-market is recovering from its corona-breakdowns seen this year there are major indices which already filled important key-levels such as the huge gap in the SPX which I mentioned and now filled properly, the DOW is still below these levels and could possibly follow-up with its gap-fill. In this case I detected some important signals which can make this happen when the DOW moves correctly within its range, but this does not mean the market is comptletely bullish as the bear-market is still not confirmedly over bearish action can increase again as markets approaching solid supply zones. Looking at my chart you can watch there that the index just moved above its descending-channel-formation and formed this smaller ascending-channel-formation where it also moved above the upper boundary, these factors give an increased bullish pace within here and can indicate continuation to the upside which will be given when the index manages to travel above the last rising resistance of its channel as you can watch it in my chart, it is either possible to form a consolidation before doing this or a immediate breakthrough, a consolidation is more likely within this structure. When this properly plays out the index will look for the gap to be filled which will be crucial as this can be a point where supply enters the market as people taking profit and the price moves to the downside therefore it can also be considered a possible short-zone as you can watch it marked in my chart. It is highly important to take note that although the index sending some decent bullish signals at the moment it is still not confirmedly bullish not only because there are still remaining strong resistance-levels but also because there is still a huge difference between real economy and stock-market as stock-market is showing gains real economy is in a decline, to provide a healthy unspeculative market environment these two need definitely move together. When the index approaches the higher levels we need to elevate and be prepared for possible bearish signs as this will be crucial level where selling pressure can enter while many retailers rushed into the market to do not pass away the rally smart-money is still not fully in the market and in the sidelines this can be a indication for more bearish pressure assuming over the course of next weeks and months. In this manner, thank you for watching, support for more market insight and have a good day! “Forecast is a mixed fortune in todays market environment. ” Information provided is only educational and should not be used to take action in the markets
TVC:DJI
by VincePrince
1