Djia
US30 (Dow Jones)Just as in the Dax, another high could be in store for the Dow. However, I think this scenario is more likely in the Dow. In this case, the Dow would also have only one more x built-in on Friday. I have rebuilt my count a little compared to the last post, by placing the red x of the orange (z) now on the low at 29430. In the now running yellow circled z we would have here an ideal target of 31980 in whose proximity is also the 1.00 extension of the red y. This is at 31749, so that a run-up to this area is currently the most likely scenario. However, my last count remains valid until the break of the high.
Traders switch from Indices & Gold to BitcoinDespite all of the fundamental reason and environment indicator, all traders has been switched to the bitcoin.
Right now I have been invest in the bitcoin and make it as an investment non traded.
Unlike the indices and gold, we must rely the main factor.
On the other hand, online system working from home thus the online money, making the bitcoin in demand.
Bitcoin is a second income that back up the indices and gold apparently.
The bitcoin has be in trend after it reached to the $30,000 value.
Compare to the other 4 years back while bitcoin still on $400-$500 in value.
Now, bitcoin and all other altcoins trader looks into and they want to get rid the political issued
on the indices and apparently gold has comin into issued plus with the dollar from $103 value
going to the $0 value in the future.
Regards,
Zezu Zaza
2048
Line in the sand #stocksDJIA is testing its recent weekly low. This is an important level because a close below 29956 could mean a further move down into the breakout rectangle support zone from 29530 - 28328. For now the trend is still up despite the heavy selling today but lets keep an eye out for how the market closes today. Volatility is up but not near the highs of December and it seems to be moving much more then the overall market. We don't want to panic sell into the lows but we should remain cautious.
DOW JONES Buy SignalPattern: Channel Up on 4H.
Signal: Buy after the MACD makes a bearish cross and drops below 0. Potential low when the RSI approaches its Lows Lows trend-line.
Target: Calculate it to be near the 1.236 Fibonacci extension. Modest estimate 30600.
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DJI - Consolidating phaseIt is near Christmas and I want to say "Merry Christmas" to everyone who celebrates it.
Regarding DJI, I do not hope much seeing recent price action. After breaking 2930.95 few days ago, price can not push price up more. Now, market seems rejected 30340 and I am not surprised if market push the price down again to go level 29230 once more. So, DJI will not going anywhere and probably making another move after new year 2021.
Will the stock market decline if DXY holds this Support?This is a simple yet very informative study showing a comparison of Dow Jones against DXY (U.S. Dollar Index).
Since early 2015 the DXY has been ranging (wide range but still range) and especially after 2017 it established a clear Resistance (103.800 - 103.000) and Support (88.200 - 88.900) Zone. Every time it hit the Resistance and got rejected (Jan 2017, March 2020), Dow Jones started rising aggressively. Similarly when DXY hit the Support Zone (Feb 2018), Dow Jones (though volatile) made a new Low.
The DXY is currently very close to that Support Zone. Will another rebound here kick-start selling on the stock market? That chart certainly shows that. However we have to consider the (much longer) Cycles of DXY on a decade span (I posted that chart earlier today), which suggest that there are increased chances of breaking this Support.
Which scenario do you think will prevail? Will DXY hold this Support and cause selling on stocks or the opposite? Feel free to share your work and let me know in the comments section!
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DOW JONE Buy SignalPattern: Rising Wedge inside a Channel Up.
Signal: Buy as the price hit the 4H MA50 on the Higher Lows trend-line of the Rising Wedge.
Target: 30300 (The Higher Highs trend-line of the Rising Wedge).
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Short term correction downdside toward support 11600$Correction on weekly base chart towards support levels 12000$ and 11800$ and 11600$.
Price HIT ALL-TIME HIGH and weekly base chart under pressure
GOOD LUCK AND LIKE AND COMMENTS PLEASE
DIJA/USA30 TradeHello guys, I haven't published anything in a while but im back at it again.
I have been looking for a few charts to find a nice short term trade and I wish to help you guys understand my strategy
so that you may use it yourself in future trades.
My win-rate with my strategy is roughly between 75-90%, and opposed to the hacks making youtube videos or selling
trading signals, I am not lying, nor am I trying to gain money from you so there is no conflict of interest.
As you see I am using a divergence strategy, it's my favourite because it will save you from taking bad trades on
breakouts or doing stupid things like buying/selling where the market is reversing.
I would highly advise anyone going into trading to learn how to spot divergences, it can appear in multiple
indicators but my go-to is the RSI as I feel like it shows itself more clearly, but this is a matter of preference.
The DJIA is on a clear uptrend now as you can see in the daily chart, and is currently in a pullback
which was also warned by the bearish divergence on the resistance line going across the past few peeks.
It then created a bullish divergence close to the support line which is where I made my entry.
Due to having to log back into my trading account I did not manage to get in when I wanted but my price is
around 30.025, which is still alright.
I would advise everyone to only take trades in the direction of the trend, of course with divergence you can
trade both ways, but your win/loss ratio will likely decrease.
My TP stands currently around 30.250, giving me a gain of little under 1%, however my leverage trough
CFDs are 1:30 meaning my total potential profit will be around 30%. However I would not recommend using leverage over
1:5 or 1:10 if you are not experienced in the market, as that 30% win could easily be a 15% loss depending on your
risk management.
DOWJONES expect this sell off Hi traders:
Similar like NAS and SPX, I am expect the sell on the indices to happen very soon.
Price as we see is getting squeezed and corrected in the latest price action.
Its unlikely we can continue see price behave this way without the impulsive phrase to come in.
The key is to wait for confirmation breakout from the LTF, and look for continuation corrections to give you the best R:R.
Thank you
UDOW (leveraged product) used to Trade Sentiment of DJIAI use UDOW when I'm bullish on the DJIA, which I am.
Yes, a leveraged product which inherits more RISK.
This is not investment advise.
A picture perfect ascending channel has formed.
(blue lines)
Start trimming positions at UDOW 104/share.
No need to short, trust start trimming.
BUY back more UDOW at bottom of blue channel,
likely around 84, at orange line of support convergence.
- Status Date: Dec 03, 2020
- Stay cool, stay humble, stay safe.
- Cryptmando
Restraint at the highs📌 SPX has had its advance cut off; an attempt to cap it from the reckless advance allows the possibility of a panic blow which is decisive and impulsive in such situations, namely the invasion towards the pivot.
This idea illustrates the stratagem of a major high against a 'positive' news flow.
Since the Vol expansion is necessary for the defence of the highs, an exchange at 21/22 is the way we defend. You should memorise this move of forcing our opponent to make up their mind, after clearing the positivity newsflow around vaccine and etc we are going to have 'diversion' introduced. This should be considered playing against, contested elections and uncomfortable positioning from stimulus expectations leaves the entire board looking vulnerable.
Thanks as usual for keeping the feedback coming 👍 or 👎
