DJI Potential For Bearish ContinuationOn the H4 chart, DJI's overall bias is bearish. At 31981.14, which holds the 50% and 61.8% Fibonacci lines, look for a pullback sell entry. A market gap that seems to be fillable furthers the confluence. The stop loss level will be 33272.34, well above the 78.6% Fibonacci line. The previous swing low and 100% fibonacci line, which is at 29640.37, will serve as the take-profit point.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DOW
DJI Potential for Bearish Momentum | 27th October 2022On the H4 chart, the overall bias for DJI is bearish . Looking for a sell entry at 31978.77, where the 50% and 61.8% Fibonacci lines are. There is also a market gap there which adds confluence to that area. Stop loss will be set at 33364.70, slightly above where the 78.6% Fibonacci line is located. Take profit will be set at 29653.29 where the 100% Fibonacci line and previous low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones And The Next Rejection ZoneI drafted this chart up a week ago and forgot to post it. I see its playing out, so better late that never... My original opinion was that we could run up and retest the 200ma. This would be a good place to reject and let fundamentals collide with technicals. Nothing in this world has changed enough from last month to warrant a bull market and geopolitics are too wild to get heavy long, yet the market is not logical per se . Not financial advice, obviously, just a rant full of observations.
DOW JONES on an aggressive rally towards the 1D MA200!It was 2 weeks ago when we made a case for a medium-term buy on the Dow Jones index (DJI), against popular belief, as we had early signs that the index made a June 17 type bottom and was about to repeat the June-Aug rebound:
Our view has been confirmed so far and following the 1D RSI break above the Lower Highs and the 1D MACD Bullish Cross, the rally broke above the 1D MA50 (red trend-line) with ease and is headed towards the 1D MA200 (grey trend-line).
Today's analysis is on the 4H time-frame, in order to get a more detailed look on the short-term. We see that Dow Jones has already formed the 4H Golden Cross (when the 4H MA50 (blue trend-line) crosses above the 4H MA200 (orange trend-line)) that comes when the price breaks above the 1D MA50. At the same time, the price has already broken inside the volatility zone of the 0.5 - 0.618 Fibonacci retracement levels. Based on the previous fractal, we could see a week of sideways price action before Dow targets the rejection zone (and the medium-term target) within the 1D MA200 (grey trend-line) and the 1D MA300 (yellow trend-line).
For comparison purposes in order to get a better understanding of Dow's proportionate position compared to the previous rebounds, we've plotted all rebound sequences on top of another (Black line = Feb 24 - March 22, Grey line = June 17 - August 16 and Green line = October 02 - today). Though not 100% correlated, it is obvious that there is a high degree of convergence among all three sequences.
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ATLX PARABOLIC GROWTH CURVE IN PLAY TARGET $36 ATLX formerly known as BMIX is in this parabolic growth curve. Volume has been increasing steadily over the past year or so, lots of buying happening from what I see. I think this stock has a lot of potential. This is a great cheap entry point in my opinion. Also ATLX has acquired some land right next to Sigma Lithium Corp. which stock is valued at almost $40. This is not trading or financial advice this is just my opinion. Thank you and if you appreciate this content please give me a boost and follow for more updates.
Stocks Rally! Is this Just Exhuberance?The S&P 500 has rallied off increased expecatations of a Fed tapering after housing price data came in negative. Additionally, Coca-Cola and GM posted earnings
results yesterday suggesting that there is hope for some companies feared to be hit by inflation. Be careful trading this, as the markets have been fooled before, and we will need to wait for forward guidance from Fed speakers before any rally is confirmed. The Kovach OBV is climbing steadily, and we have reached our target of 3849, with 3909 the next major level and next target. If we reject current levels, 3792 or 3758 could provide support.
DJI Potential For Bearish ContinuationThe overall bias for DJI on the H4 chart is bearish. In addition, the price is below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 31981.14, which contains the 50% and 61.8% Fibonacci lines. To add to the confluence, there is a market gap that appears to be fillable. Stop loss will be set at 33272.34, which is slightly above the 78.6% Fibonacci line. Take profit will be at 29640.37, which is the previous swing low and the 100% fibonacci line.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bearish Momentum | 26th October 2022On the H4 chart, the overall bias for DJI is bearish . Looking for a sell entry at 31981.04, slightly above where the 50% and 61.8% Fibonacci lines are. Stop loss will be at 33272.34 slightly above where the 78.6% Fibonacci line is located. Take profit will be at 29653.29, where the previous swing low and 100% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Will Resistance Hold? We got to 3800 yesterday and it's really testing resistances at this level. So do we move higher from here? If you look at the DOW, it's actually above it's 50 MA and at resistance as well. And yet, 74% of stock are still trading below their 50 MA. We are still in a Bear Market, so we have to remain Bearish. Did you look at the volume we had yesterday compared to Friday? The amount of volume we had yesterday was about half of Friday's. Also a cautious sign.
Still sitting on my hands and waiting for a clearer picture. Remember, 90% of trading is patience. Overall, I think Markets still expect the Fed to stay on track or even slow. Google is to announce earnings today, and Microsoft after market close. We could just hang out in this area today, push higher (because the market still has room to go higher) or volatility can start to kick in. Be patient and trade the market in front of you. Happy trading everyone!
Stocks Attempt Hihger LevelsStocks have continued to edge higher, though they are looking quite weak. We were able to break past 3792, but the very next level at 3810 is providing significant resistance. The price action rounding off, and red triangles on the KRI are confirming resistance. Additionally, the news sentiment remains bearish, so at some point we are likely to face a swift rejection of current levels. However, the Kovach OBV is still strong. If we are able to break out, then 3849 is a reasonable target with 3909 a likely ceiling. We should start to see some support at 3758 if we retrace.
DJI Potential For Bearish ContinuationOn the H4 chart, the overall bias for DJI is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a pullback sell entry at 31981.14 where the 50% and 61.8% Fibonacci lines are located. To add confluence to that area, there is a market gap that looks good to be filled. Stop loss will be set at 33272.34, slightly above where the 78.6% Fibonacci line is located. Take profit will be at 29640.37 where the previous swing low and 100% fibonacci line is located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bearish Momentum | 25th October 2022On the H4 chart, the overall bias for DJI is bearish. Looking for a pullback sell entry at 32509.43, slightly above where the 61.8% Fibonacci line is located. Stop loss will be at 34293.93 where the previous swing high is located. Take profit will be at 29653.29, where the previous swing low and 100% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DXY EXTREME BEARISH DIVERGENCE > ABOUT TO COME STRAIGHT DOWN!DXY Has been on a tear but I think thats about to end and I think it will end very quickly. There is multiple very strong bearish divergences on the weekly, across multiple indicators showing that a major move down is coming. I think we have reached the top for the DXY for a while and its about to tank. Dont know whats around the corner as far as news but something big is about to come out thats going to kill the DXY. This is not trading or financial advice this is just my opinion. If you apprecaite my work please consider giving this chart a boost and follow me for more updates. Thank you and good luck my friends.
DOW a short term upwards move? 🦐DOW after the double bottom over the daily support at the 28800 started a retracement move to the upside.
The price is currently testing the 0.5 Fib level and a possible test of the 0.618 can be seen.
How can i approach this scenario?
I will wait for the test of the upper level and if the price will show us a sign of inversion i will consider a nice short order according to the Plancton's strategy rules.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Stocks Face HeadwindsDespite plenty of negative sentiment in the news and a week packed with data, including the Fed's redbook and housing price indexes on Tuesday, GDP on Thursday and PCE on Friday. We hit a high of 3792. We tweeted on Sunday night that this small rally was likely to be short lived and sure enough we are seeing a pull back. The APAC markets are selling dramatically , as investors are worried about Asia's economic future. This is likely to bleed into the US markets as well. If so, we could see support at 3645 again. We expect resistance at 3792 to hold but if not, 3909 is the next target.
big short is coming and nobody knowsI am very much concern about the credit suisse's debt problem.
I believed that market has bottoomed but it seems like another one more crash is waiting for us.
This bearish trend is indicating that lower volume.
Not many investors can created remarkable volume.
So stock isn't cheap yet.
10/23/22 HONHoneywell International Inc. ( NASDAQ:HON )
Sector: Producer Manufacturing (Industrial Conglomerates)
Market Capitalization: 123.158B
Current Price: $182.81
Breakout price trigger: $185.85
Buy Zone (Top/Bottom Range): $182.00-$169.55
Price Target: $200.40-$203.00 (1st), $221.20-$226.00 (2nd)
Estimated Duration to Target: 161-170d (1st), 323-351d (2nd)
Contract of Interest: $HON 3/17/23 190c, $HON 1/19/24 200c
Trade price as of publish date: $8.20/contract, $17.10/contract
DJI : Bear Trap in the making.Good Day,
Hello Traders,
DJI looks bullish for very short term, if it corsses 31030 and sustains above it for a week ,
then we can see a reversal.
However broadly picture looks gloomy as the world fears recession as this is been sold all
across the media.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis , please do comments, LIKE and Follow me.
Dow Jones: Bullish Engulfing Breaks Trendline ResistanceThe Dow Jones Industrial Average has the September high in focus after a Bullish Engulfing candlestick pierced prompted prices to pierce above trendline resistance. An advancing RSI suggests healthy momentum, putting a bullish lean on upcoming price action.
DJI Potential For Bullish MomentumThe overall bias for DJI on the H4 chart is bearish. However, given that the most recent CPI data was stronger than projected, we might anticipate a medium-term bullish market. Look for a buy entry at 29997.62, which corresponds to the market gap and the 23.6% Fibonacci line. To avoid missing out on trades, entry will be at the peak of the market gap. The take profit point will be at 34281.36, where the 61.8% and 50% Fibonacci lines intersect, as well as a market gap that adds confluence to that area. The stop loss will be set at 28516.32, which is slightly below the previous low.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.