This is how we hold the finance sector accountable. Caution in all assets. The world economy is grinding to a stand-still. This selloff will be deep and obviously very painful. There are a ton of hype stories and narratives out there - I have covered and poked fun at many of the ridiculous narratives in previous posts. We knew this day would come.
Pair : DJI - Dow Jones Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Exp FIAT as an Corrective Pattern in Short Time Frame Fibonacci Level - 38.20%
Pair : DJI - Dow Jones Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Resistance Level
Pair : Dow Jones - DJI Description : Bearish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Completed " 123 " Impulsive Waves Support Level
Pair : DJI - Dow Jones Description : Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Completed " 12 " Impulsive Waves
TVC:DJI DJI will be able to create RSI divergence in the near future? DJI will have an adjustment in the near future, but no one knows how much, where and at what price. But in a certain expectation, I think that the case of the price increasing a little more (maybe to near 40K) and then creating an RSI divergence is a fairly typical case for this bullish pattern.
SInce the price broke above the breakout pattern, the price has been moving on a strong but unsustainable inclination trend. Yes, it will most likely hit the initial target 37,242 as we're almost there. But, we also need to consider that in the next three weeks, we could have some consolidation range. This doesn't mean, we should expect a crash afterwards....
As per Neo wave time cycle, Wave 'B' of the FLAT correction formed in DOW 30 index is ended today since the recovery wave ABC extended nearly 76.8% of previous wave expect a soft bear market cycle for 8 months from now. trading is difficult as wave 'C' expands in 5,3,5,3,5 legs ,and expect a spike in VIX too Do not hold your short positions for more days , as...
Dow Jones - DJI Description : Bullish Channel as an Corrective Pattern in Short Time Frame and it has Breakout the Lower Trend Line , It will Complete its Retracement at Previous Strong Support or till its Lower Trend Line at Fibonacci Level - 61.80% / 78.60% Entry Precautions : Wait until it Rejects with Strong Bearish Price Action
Pair : DJI - Dow Jones Description : We have Break of Structure with Completed Retracement at the Lower Trend Line of Bearish Channel in Long Time Frame at Fibonacci Level - 50.00%. It has completed its Impulsive Wave " 1234 "
After 3 weeks of being range, it seems us30 can fall towards 33% level, as a retrace for higher probable prices.
Pair : DJI - Dow Jones Description : Completed " 123 " Impulsive Wave Falling Wedge in STF and Rejection from UTL S / R Level Fibonacci Level - 38.20% / 50.00% Divergence - RSI
Pair : Dow Jones ( DJI ) Description : Impulse Correction Bullish Channel as an Correction in LTF and Rejection from the Upper Trend Line S / R Level Completed " ABC " Corrective Wave and " 123 " Impulsive Wave Break of Structure RSI - Divergence
TVC:DJI globally will fall, because the Gann square of 20, built for the New York Stock Exchange indicates the date 2023 (reversal), and since on the monthly chart is now flat, and the market is at high prices, then a fall is more than likely. In 2024, a global strongest crisis is expected in another astrological cycle. There was already a similar crisis in 2008,...
Pair : Dow Jones ( DJI - US30 ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame Impulse Correction Completed " abc " Corrective Wave Resistance Level Divergence - RSI
Pair : DOW JONES ( US30 - DJI ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame Divergence Exp FIAT Break of Structure Falling Wedge in STF with the Breakout of UTL Completed " ABC " Corrective Wave and " 12 " Impulsive Wave
Here's the afterward of my forecast on the Dow Jones Industrial(us30). You can find the old idea attached to this post. Looking for more upside. Feel free to ask questions, trade safe!
Big Move incoming for Dow Jones Industrial Average. AMEX:DJIA has created Triangle's Apex approaching the end . Note that this is a Neutral Pattern, it can go each ways ; Bearish and Bullish. (depending on TVC:DXY , Geo-Politics & Macro Economics conditions) For now, it's better to observe and stay sharp and await for further confirmations. Nothing is clear...