Dowjonesanalysis
DOW BULL MARKET IS OVERThe dow bull market is over, the coming recession will cause the initial dip in the Dow which will correspond nicely with the upward lower bound trend and fibonacci retracement of around 22000. Then I'd expect a lower target of around the 50% retracement level of 16000 which will be at the height of the next US recession.
High Probability Intraday Setup for DJI MINI FUTURESThe following are trades setup ideas in 15 mins chart for DJI MINI FUTURES
There are 2 distinctive dotted lines labeled as (provided by www.decisivealpha.com)
1. AI's Intraday Resistance
2. AI's Intraday Support
These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short.
Long Setup
If price action closed above the AI's Intraday Resistance Line
AND demonstrate bullish sentiment strength by closing above the Pivot Point R1 line, the idea is to long and take profit at Pivot Point R2/R3 price region.
Depending on trader's positioning sizing, partial profit could be taken at Pivot Point R2. The remaining position could be utilized to ride the intraday bull sentiment should it continues to approach Pivot Point R3 profit target.
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ym dow jones industrial average , sell trade 1.Price did come to important resistance level.
2.Price did break major trendline
3.Price did break short term trendline
4.Price create pulback to 61.8 - 78.6% fibo retracements , 3rd wawe of eliot start
5.Price close 2 times below the pivot, 2 red large candles.
Possible targets half 38.2% and 50% fib levels .
Good luck! :-)
Market recession?There have been many talks about a recession, every youtube/facebook guru and their mom was talking about it, and although the market crashed late last year it was quite uneventful to the average individual. And we got quite a bull run afterward however, I believe the actual recession hasn't hit yet. on the 22nd of March, the 10-year U.S bond yield curve became equal to the 3-month curve. This shows a strong sentiment within investors, it shows a lack of confidence in economic prosperity within the years to come.
the chart shows a loss in momentum and the downward curve of my macd indicator confirms it. conversely, this could be a flat pattern forming and waiting for a next impulse upwards. but I wouldn't hold my breath.
I believe a second crash is imminent, my analysis is price based and not bound to time, this may take years or days to play out.
set ups*
be on the lookout for a strengthening yen and safe-haven assets like gold.
commodity (oil) correlated assets like cad MIGHT weaken, this will play out with my analysis on UCAD.
Dow Jones (US30) AnalysisThe chart pretty much explains it all. I've slid over the Fib Retracement so that you can see the numbers better (FIB drawn from 24DEC18 candle to current candle). I believe we will retrace to the 0.236 Fib level, which is 25162 or close to it. I also believe it will turn around at the R1 Pivot Point. This being said, my stance on the Dow will be neutral i.e. Range-Bound (down and up in a sideways channel). Surprised to see my stance is not "short"? Here is why: Right now, it can go either way. We are only in February, and we have a long way to go until the end of the year. We are only roughly 600 points from record, all time highs. In the short term, I believe we will stay range-bound, with emphasis going to the Short direction. The Fed's decision to slow/halt interest rate hikes have given us a boost. We have also gotten a boost on news of a China trade deal. Any change in these decisions can send the market wildly into a downward spiral (possibly a crash?). The VIX is currently at around 13, so the market volatility has calmed down drastically from its recent highs in the mid 20's. I also believe this will be a factor in the market staying range-bound due to low volatility. Let me know what you guys think, and what trades you are doing with the Dow! Hope this helps.
Happy Trading,
Zak
Dow Jones potential bearish reversal from 24800/25100 levels!The Dow Jones wave structure and price action remains unchanged for now. The spot rate is seen at 24500/600 levels at this point and there may be one more push higher into fibonacci 0.786 resistance at 25100 levels before the indice turns bearish again. Please also note that the resistance trend line since 26950 levels is also passing through very close to 25000, and hence a bearish reversal could be expected at the confluence. Looking at the larger wave structure, the Dow Jones had dropped 5 waves from 26950 to 24100 levels earlier labelled as Wave (1) here. What followed can be constructed as a flat that terminated at 26000 levels, labelled as Wave (2). The drop from 26000 to 21800 levels is being seen as Wave i of (3) for now and the subsequent rally from 21800 to 24860 levels could be Wave ii of (3). If this count holds, prices should remain below 26000 levels and a 3rd of 3rd wave should be underway. Ideally this wave should be the most powerful bearish leg.
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.
DOW JONES THE ULTIMATE BONESYM1! looks like it has plenty of fuel left in its TANK.
DOW JONES
Untested levels lie above and below
You can have pending orders in either direction
With this information, do what you will
But always remember execution is everything
Pretty charts don't equal profits, so always remember to take proper risk adjusted setups
:)
Dow Jones incoming meltdown!?! Will we repeat 2007-2008?Welcome to my new analysis!
The chart above illustrates my personal opinion on the Dow Jones.
As we can see on the chart above we have a pattern playing out
right in front of us. Dates and times don't lie and i can see how this
will play out very similar to the 2007-2008 financial crash. Its time
to go short or get out of the stock market all together as i see there being a
a MASSIVE correction/sell off right around the corner
Thanks, LiquidMEX
DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
DOW JONES - This Trend Is Not Done - With AnalysisThis is an update on my previous DOW idea with analysis, I thought I would elaborate after reading some funny comments on the previous DOW chart which is fair enough.
So the reason for my forecast is that I believe we are in a long term corrective pattern, an expanded zig zag which started in 1987.
So we have completed more than 50% percent of this pattern as labelled on the chart and we are heading into Wave iii of 3 of Wave C which is the strongest portion of the wave.
It's not easy to predict exactly how long it will take to complete Wave C so a time relationship with Wave A is used estimate the target.
When looking at the DOW waves objectively this is the only possible conclusion which makes sense according to MY version of wave theory.
Elliott Wave is flawed so I am not using it solely in any of my analysis.
Feel free to add more funny comments they are quite entertaining. Thank you and Happy New Year!
FREE FALL DOW JONES - LONG TERM BEAR -The red cloud means sell setups and green cloud means buy setups. We are sitting at 240 sell setups VS 100 buy setups, meaning bears are winning. Fundamentally, government shutdown might also cause the market to dumb.
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Beat the DOW JONES with this 1 tool. (easy)Buy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot -7.44% -7.44% appears you buy, if a green dot -7.44% -7.44% appears after that green dot -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
Dow Jones / Trade easilyit's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot appears you buy, if a green dot appears after that green dot you hold your investment.
if a red dot appears you sell your position. easy as that.
shorter time frames will be choppy.
larger time frames will be smooth.
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.