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Djishort

LONG DJI Dow Jones How to trade DJI before open Hello to all watching my charts. Dow Jones is fine to trade by support / resistance and also trendline Trading. Look at the chrt for today. We have support in the aerea 26730 (blue line) and we do have a LONG trendline which is now 26855. But the the support levels to watch out. I count only END of 1 HR information. So a level below that which is only in the Hour is not counted in my system. Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade
TVC:DJILong
by Renkotrade
DJI big fall aheadThe Dow Jones hit historical maximums. I believe this is just a bull trap and a big fall is on the cards. We see on the chart a big RSI divergence and the price printed somewhat of a doji just before season earnings started. Also MACD (not in picture) confirms the bearish momentum. It has been reported that earnings this quarter are going to be pretty bad and the Fed rate cut has probably already been weighted in. A fall to the 26700 area will happen in a quick way. I believe the correction will be stronger and a fall all the way to the 25400 area is very very plausible. I am ready to short this market at the minimum retracement. Do you have different ideas? Let me know in comments!
FOREXCOM:US30Short
by MicKi
Dow DJI LONG but massive Resistance in FrontHello to all watching my charts Here i show the Dow Jones after the Fed Meeting and market is closed on 19.6.2019 My channel system tells me we have still a Long Channel and a long position should used. BUT (what i normally not note ) we have now really a lot of resistances in front which i have show also in blue color. As you know form my other posts i always say: Trend channel lines beats resistance lines but if we such a power of resistance in front i cant ignore that. So of course maybe this time trend beats also but i would be very cautions with new longs at that point. If you have a long position with a fine profit maybe from 25100... i personally would tale the profit here Please remember that. Good trades Renkotrade
TVC:DJILong
by Renkotrade
Bye Bye $DJI *US30 Chart* Monthly TF1 of 3 The DJI has finished a complete three drive on the monthly tf while finishing the three drive of the monthly 4A-5D drive. The Bears were injected into the market on May '11 and have been building since then. $25,000 Phys number is being used as resistance for that price can manage to break above but it cannot close with a retest and a break higher for HH, to tag along with the resistance level at $25,000 an HNS pattern is forming which is a great reversal pattern in the markets. Price is sitting high above the 200-MA during the '08 crash the highs of the year was 45% away from the 200-MA The current highs at $26,961 sit 50% away from the 200-MA. Current MacD shows divergence with LH on the MacD and HH on the charts which shows sign of Counter trend and or Trend Reversal in which I am more in favor of espically with the HNS patter that is sitting at a Phys number resistance level. Personal Note: This can either be the end of the DJI and start of BTC and or DJI can have a major reset down to $2,737 and lower and make a new fresh HL that will lead to the DJI back up to $25,000 and Higher Decades until that will happen
FX:US30Short
by OTIEmpire
DJI SHORT 1 HR My Trading DiaryHere the turning point sin DJI new highs (Blue Line) and new lows (red line) But with the real points where you had the chance to trade that system. In many cases the shwon trades of trading services have never been there in realtime. In also many other cases it has not been for normal traders any chance to do it like the pros. But here you are able if you watch my 1 HR Charts to start a long position at 25848 and to go short and out of this position at 26320 in Realtime = 470 Points Long + 180 Points Short at the moment 9.4. end of trading day as shown with the RED VERTICAL Lines. Good trades for all
TVC:DJIShort
by Renkotrade
DJI Situation 14.3. 10:00 NYT SHORT but possible tredn changeDJI has managed to get our off the sharp short channel i had marked fe day ago into a more wider short channel now i have marked in red to see them easily. But since 2 days we have also an established long trend to see at the blue long trendline which i have marked as support on the long side. Now we only can wait what will happens next. a) a brake of the blue long line as stay in short or b) a brake of the red line to get in a neutral and maybe long aerae. Both possibilities are equal weighed in my eyes and i cant see any advantage for one of them to forecast Lets check the DJI end of today trading, i am shure we can see more clearly the situation.
TVC:DJIShort
by Renkotrade
Make America bad againLet's take a look at the dow jones. We see a destruction of the chart picture. The course has broken through the last low and caught again. should we see a lower high, the case is clear. We will see a clear downtrend trend (deeper lows lower highs). The 200 EMA was able to slow the Dow down (usually the course never breaks at the first meeting of the 200 EMA) We have seen a renewed strength in the market and new hopes have arisen. furthermore, at this level we are at the magical 78 fibonacci. However, let us look at the long-term chart picture and see that we are still trapped in the downside channel. The next week candle will be very important for the further course of the chart. If we see a bearish engulfing, we will continue to see sinking prices. I am generally convinced that we will soon see an epic correction in the markets. The Dow has risen disproportionately in recent times, which could be due to the president. This pushed the own economy extremely without generating a sustainable added value is very unhealthy cocktail. In my opinion, a backtest of the 18000 is realistic, but it depends on the behavior in the next few month. I bought a short knockout that will be turned off over the last stop. If we look at the Eliot Wave theory, we might as well have completed the B wave. We will see =) enjoy the way logindaten
DJ:DJIShort
by logindaten
Dow Jones carves a lower high at 25100 levels!The Dow Jones rallied swiftly on Friday to hit resistance at 25100 levels and reverse. The spot rate closed at 24388 levels and it is expected to continue lower as US markets open today. Looking into the wave structure, the Dow Jones unfolded into an impulse drop between 26950 and 24100 levels earlier, labelled as Wave (1). Wave (2) possibly unfolded as a running flat and terminated close to 26000 levels. As of now, Wave (3) could be in progress, expected to unfold into 5 wave lower below 23000 levels going forward. If the above structure holds to be true, prices should ideally remain below 26000 levels, the termination point for Wave (2). A safe trading strategy could be to remain short and look to sell further on any intraday/interday rally towards 25100/200 levels, against 26000, with potential targets below 23000 levels respectively. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
distribution on Weekly chartAll I have to say is. R.I.P US economy. I don't care about the fundamentals only that the effects of the fundamentals are forecasted into price. Price tells mee all I need to know about the fundamentals and I don't even need to look at the news to tell you that we're in for a rough time. Look so very like Wyckoff distribution on the weekly. 6monthly chart looks like a super bearish inverted hammer and tweezer top (albet 2 more months to go on this current candle) 1 monthly chart again showing me signs of a weakening trend, simple bearish divergences on all 3 of my oscillators, RSI, fast and slow all in tandem, stars are aligning. 2W, Weekly again all are looking weak. Technically, we're still considered to be "bullish" since the bullish market structure is not yet invalidated (recent swing low has remained intact). But what's worrying for the bulls is that on the weekly and 2W chart RSI has failed just below 70 (the upper limit of bullish territory, from what I've seen RSI divergence SFPs forming between 60-70 is bloody terrifying.) is scaring me. On the monthly chart, the fast oscillator just failed at the 0 line, that's very scary again. Technically we're not bearish yet, but unless I see otherwise, I'm going to be a contrarian and say we're bearish. feel free to open up the indicators to see what I'm talking about. targets marked on the chart.
DJ:DJIShort
by EnZo
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