💾 DJI Bullish But Why? & BitcoinNotice how the August 2022 peak is followed by a strong correction, instantly.
The November and December 2022 peak is followed by sideways consolidation.
That's why I consider this chart to be bullish.
I make the same argument for Bitcoin.
In the past, each time a peak is hit we have a strong correction immediately after.
In the present, as each new peak is hit, we get sideways consolidation.
That's a bullish signal.
Thank you for reading.
Namaste.
DJI
DJI intraday sets up for DAILY movementsFrom yesterday
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11:34AM
1hr VOLUME SUCKED
BUT
That 1Hr Doji is a good sign & RSI positive divergence
4Hr looks ok, reversal but not strong enough
NEED more volume
More later after
#DJI $DJI #stocks
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12:21PM
$DJI Volume pumps up more & we close the 4Hour (around 130est) ABOVE 32793 = GREAT sign
(((FYI IT DID NOT DO IT)))
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4:05PM
It' been a 1k point battle for $DJI
Today we close with a DOJI
Again, this week IS IMPORTANT!
Flat day but 1st signs of buys
Time running out but still holding!
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TODAY TODAY TODAY
$DJI bulls are fighting hard & not giving up here
30Min looks ok
Changed 20 EMA to 30 & painting lil better picture
1Hr reversed back to 20EMA
4Hr still not there, Needs to trade north of RED EMA
BEST if resolved TODAY
DOW JONES This is the bottom. Fractals from 2022 confirm.Not surprisingly to us, Dow Jones has stayed inside the High Volatility region that we have identified back in late November:
The 1D MA200 (orange trend-line) has supported twice already since November 10 and is now going for its 3rd hold. If we pay a closer attention to the 1D RSI we see that it has printed the very same pattern it made on all Lows during the 2022 Bear Cycle. That is basically 3 occasions. The RSI is very close to the 30.00 oversold barrier and as the 1D MA100 supports, it makes it the most optimal long-term buy level on a 2-month horizon.
Even though it has been mostly trading sideways within the High Volatility Zone, on RSI terms, it is comparable to all 2022 Lows that bottomed out on an oversold 30.00 1D RSI and started an aggressive rally in the form of a Rising Wedge.
Our Targets are: short-term = 33400 (Pivot Zone), medium-term = 34400 (February 14 Resistance), long-term 35500 (April 21 Resistance).
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DOW - Any relief rally is guilty until proven otherwise !Seems to me like this could unfold as a complexe correction if bulls are to remain in power longer term.
We could see soon a move up but if it stays sideways it's most likely going to be a wave (b) of higher degree Y imho.
Look for individual names showing relative strength right now, those are most likely to be the next big leaders.
DOW JONES bottomed out on a 4 month Support!Dow Jones almost hit Support (2) at 32470 a level that worked out twice since November 9th 2022, starting strong rallies to 34390 (Resistance 1).
The same Declining Support on price - Rising Support on the RSI (4h) Bullish Divergence was formed on the December 20th bottom.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 33050 (MA50 (4h))
2. 33500 (MA200 (4h) and bottom of the Pivot Zone.
3. 34300 (under Resistance 1).
Tips:
1. The MA50 (1d) moves parallel with Support (2) and essentially has provided the same level of support pressure as that level. Trend changes long term if it breaks.
Please like, follow and comment!!
DOW JONES hasn't been such strong buy since Dec 20thDow Jones' long term pattern is a Channel Down. On this chart you can see that all 1D candles have closed inside the Channel regardless of the length of their wicks.
The 1D RSI is inside a Channel Down of its own. The price is approaching a Triple Support Zone: the 32500 horizontal Support, the 1day MA200 and the bottom of the Channel Down.
Last time all three were fulfilled was more than two months ago, on the December 20th low. This is a strong buy and our target is the top of the Channel Down at 33950.
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SNP500 Bullish Short-Term Expectation Analysis This expectation is a framework to look for a potential trading setup; I recommend you to not just execute based on these levels. I always wait for confirmations on lower timeframes
Click on Boost (like) to support these free analyses!
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- Wyckoff
- Etc.
1 2 & 10 Year yield seem to be toppish short term, $VIX in range🚨#yields look to be topping🚨
Things are FALLING into place!
Been posting on $DJI & $BTC RANGES
Risk reward was great late last week & on this dip (focusing on DOW JONES ATM)
$VIX staying 18-23 is ok
Adding more $ on dips
#stocks #crypto
$DJI call was spot on, bounce so farWent back to basics last week
Loaded up on $DJI, specifically $UDOW
Will unload as #DJI closer to resistance, red dotted
FUD to lower #stocks #crypto
Then buy the sellers
CLOCKWORK, media is GREAT contrarian indicator
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THIS WAS POST LAST WEEK
$DJI What do you see? (Was a CHANNEL & $SJI close to support)
IMO RISK REWARD entry point good here if we close above the dotted line
$NDX doesn't look as good but will likely follow
More POVs for $BTC
#BTC Up & Sideways Channels = both good 4 bulls
#crypto
No more upside for the marketKey support line just broke.
I was thinking inverse head and shoulders pattern was formed.
I wanted to see some more bullish move.
But after seeing this pattern is all broken.
I admit and stay away from the market or short the position from now on.
Fed watches pce more than cpi.
Since the pce was too high. We have to admit that this market has to go down and Fed might have to raise 50bp in march.
Double-tops Across Markets if DXY eventually turns back upAs other major markets presently indicate similar targets, Nasdaq index also shows a pattern with measured targets pointing towards a same or slightly lower high double-top.
I'm seeing this as a possibility across stock and crypto markets in correlation with a long-term bullish US Dollar Currency Index (DXY) that recently experienced a strong correction and may be preparing for another leg up.
Pre-requisites
This and the other double-top ideas shown below all hinge on DXY not continuing to drop, and also not immediately spiking back up. It would probably need to at least spend 2-3 (or up to 6-9 months) consolidating in the area where it is now (99-105 or so), and then move up.
DXY and how it relates
First some general thoughts on DXY and how it correlates with stock/crypto markets:
Other Potential Double Top Patterns in US Stock and International Crypto Markets
SP500 Measured Move towards same or slightly lower or higher high double-top:
Dow Jones Index Measured Move towards slightly higher high double-top, likely a new but weak ATH:
Bitcoin Measured Move towards same or slightly lower high double-top:
DXY Correlation of Peaks vs Troughs in Crypto and Stock Markets
DXY Peaks/Troughs Correlation to Total2 Troughs/Peaks:
DXY Peaks/Troughs Correlation with SP500 Troughs/Peaks - this chart is older and has since made a new peak/trough for DXY/SPX and is likely headed from current trough to new peak for SP500 (first a double-top prior to suggested recession):
DOW JONES Aggressive bullish reversal expectedDow Jones (DJI) broke below its Pivot Zone and Higher Lows trend-line and as per our strategy published 2 weeks ago, we took that break-out sell opportunity:
With the 4H RSI though printing Higher Lows against the price's Lower Lows (i.e. a Bullish Divergence) and the price approaching the 32480 Support level and the 1D MA200 (red trend-line), which both provided Support and started aggressive rebounds on November 09 2022 and December 20 2022, Dow is turning into a medium-term (at least) buy opportunity again.
In fact the very same RSI Bullish Divergence formed the December 20 Low. It is important to add that this Low was formed after a 4H Death Cross, a pattern that we already formed again 2 days ago.
We are buyers again on Dow, targeting the 4H MA50 (blue trend-line). Then we will either wait for a pull-back or buy when the price breaks above the Pivot Zone and re-tests it as Support, in similar fashion as on January 06 2023 and January 23 2023. Long-term target 34300.
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Confirmed - S&P loses 20 day and is going to test 200 day SMAFollow up to my previous post. The big sell today confirms that the 20 day EMA is lost and a test of the 200 day is next. Not sure how low it will go, but the blue trend line, the 200 day, and the previous orange trading channel should provide support. Lose that, then down to the dotted red center line around 3700. If that comes true, then there is ample reason to believe it will go lower. Fingers crossed.
Learn to STRATEGICALLY take SOME profits $DIA exampleInvestments tend to fall in value FASTER than increase
(even in bull markets)
IMO always take profits STRATEGICALLY
This works for ALL investments that have tried it on including, but not limited to Crypto, , Commodities, Bond Yields, and Currencies
AVG
1-2 = 3 weeks
2-3 = WEEK!
3-4 = Almost month
4-5 = WEEK!
5-6 = 3 weeks
6-7 = WEEK!
Example $DIA
Use Resistance & Support levels to help with #INVESTING
AW Dow Jones Analysis - Live Proprietry Analysis Just For You...Let's make sense of this chart right now, that's it no more playing.
My wave analysis skills are sharper than ever, and we are even making profits when I am wrong.
But I am quick to identify and rectify my analysis and the reasoning follows right behind it.
If it don't see it then it can't be made into an idea, but I am showing signs of improvement.
That's to say that I created the wave methodology I use to analyze and trade which is AriasWave.
Please understand that even though I may appear to seem 100% convinced, I am not being funny I am forming conviction which is what is needed to pull the trigger on trades.
I always push myself to do better every day because this to me is a form of art, and art in all it's beauty is never perfect.
However, the underlying methodology is, and I continually attempt to use to make the most accurate predictions you will see anywhere.
That is how I know I will succeed moving forward.
Best of all you can learn it too!
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
DJI - Be Ready My FriendsHi, this is my new update for DJI. As you see in the first picture, we are exactly in the same place we should be for a big crash. It is difficult to estimate a date, but I expect we are going to see 80% downside on DJI in the near future.
Right now we are on a beautiful uptrend channel pattern and it has acted as resistance level multiple times and the middle line has acted like support level multiple times. At the same time we have An RSI divergence in monthly chart and that indicates we are ready for bearish signals.
Price Movement Expected For Next Week 2/21/2023I think we are in a ABC correction and we are currently in C wave down with minor 5 waves. I expect the prices to reach around $4000 next week.