Dow Jones is ready to go lower to complete (ABCDE) daily waves and test the key resistance zone 25k
short side setup in Dow Jones level 26500 coming
😯 It's very interesting to look at the large multi year cycles. This is a 3 month chart. Currently the upward support is being breached. Is this just the beginning or will we be saved? 3 Month Timeframe Crossover Strategy: Red Doji The EMA Dots: 3/3 Red (Last was april 2008) The crash we have experienced stopped at old Resistance to find temporary support....
DJI (US30) SELL Entry 1 27,320 Entry 2 27,370 Sl 27,421 Tp.1 27,120 Tp.2 27,000 Tp.3 26,890
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...
Hello 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...
DJI is in a downtrend and a down trend channel. We also have a big resistance at 26250. To make a long signal, the index would first have to climb above the upper channel line (blue). If that happens best for Long would be a direct increase to above 26250 Till that DJI is in Short Mode
DJI 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...
DJ:DJI CBOE:VIX DJI is in a clear downtrend. The market formed a double top, broke the neckline of current formation, and completed its first bounce. After the bounce, which I suspect is almost over, the market will continue its' downtrend.
DJI is expected to RISE now. There are many reason why we feel it may RISE. 01. It is taking support at quarterly levels trying for a big jump. 02. Bullish engulfing in daily Chart. 03. May reach weekly target 16326 04. Stoch RSI (3,3,14,Close) states it may rise. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also rising. Keeping all the...