#DOW - Another 800 points fall? #US30USD #tradingview #djiAfter such a dynamic crash yesterday, a recovery could currently run as wave b.
Following a further sell-off of 800 points in the direction of 27,640?
There the continuation of the bull market could be expected.
So wait and see and drink tea/coffee and prepare for a short and subsequent long position.
Best regards from Hanover, Lower Saxony
Stefan Bode
Dowjonesindustrial
Weekly dow. Short probablyIn a current week, I expect dow to close below its opening and hence we may encounter a small pull back from our rally. 29108 is a major level from where the fall might begin. As RSI in daily timeframe is in the overbought zone and in weekly it is approaching.
So wait for the level to arrive and then short.
dow short position coming closeas i stated before , i believe this had to go to high 28000-29000 before a moment will arise, the way that this structure is playing out i believe with the amount of heavy gambling that has been fueling this market ( literally gambling , since no sports have been on to bet on , gamblers have found their way to a variety of markets) we will see a touch to 29000 then followed by a false break out, now i'm not going to bank on the false breakout , but i will be looking to start to short positions around that high 28000's and dollar cost average in if the bull market progresses. Follow the black lines down to get trades off of and bounces, do not get attached to the stuff you hold , be emotionless towards your positions and believe in the process. catching the top or bottom of any rally is complete luck, the goal of trading is to manage the risk associated with your positions.
good luck all , and take care when the mess truley hits assets ,not just stocks , it will most likely be all assets , and the dollar will explode in value as an artificial temporary extreme demand for dollars will be created by a selloff - will then be proceeded by extreme buying of most likely commodity based assets - mining - agriculture - fisheries - water.. etc , if you want to buy something now i'd think twice before committing on that purchase.
- not financial advice just my opinions and my personal strategy moving forward - if anyone has benefited off my charts thus far congrats i hope to be more active and provide more detailed charts in the coming future.
SNP500: Incredibly Bullish Outlook - Broadening WedgeIf you like our content, please take the time to 'like' our posts!
The SNP500 is currently looking like it's finishing its broadening wedge pattern and finishing its perfect ABCDE wave within. The technicals are showing a perfect alignment for a breakout and we might be seeing a final distribution phase before the push to all time highs. The only consideration for furthering the distribution phase would be the upcoming election cycle in the US, which may drive prices down temporarily; however, with the COVID19 situation already being recovered, we believe this is the final straw and may be a good chance for the bulls to easily push this through.
What we believe:
Based on the technicals of our ABCDE structure within our broadening wedge, followed by a perfect 12345 pattern from 2008 to present, we believe the SNP500 is astonishingly bullish. We also believe that if the NASDAQ can reach new highs, then the SNP500 and DOW Jones can follow along similar footpaths.
Here is a previous post we have done on the DOW JONES, and why we believe it may bullish until the year 2025:
Trade Safe.
X Force
Dow today and tommorow. GO long if 28110 acts as support.One most probable support is on 28110. If price takes support on this level we can think of going long till various targets.
28460 is one possible level where shorting can be done.
As of today DJI may consolidate between 28110-28270 (in remaining today's session).
Dow Jones Suggesting The Next Great Crash in 2026Hello everyone,
We hope that everyone is having a safe week! Here we would like to show you a massive overview of the Dow Jones - the longest raiding stock data available. The reason why we believe the bull run will continue is due to the 'Resistance Turned Support theory'. It suggests that IF all things considered the market continues to trend the way it is, we may be on to a huge move to the upside. A break to the upside would bring us up to new highs all the way until 2026 as long as we stay within the channel.
X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it!
Dow30 (DJIA) - Tight range: Here is what I'm looking forUS30 (DowJones).
We are in a tight 350 point range for the last week.
Will long above upper black and short below lower black.
Keep it simple.
Dow Jones saved by trend line As hard as it is to predict the movement of any index fund at the moment without a deep dive into the fundamentals - it appears DJI has formed a well respected ascending trend line with several higher highs and low tests. Within the current economic bubble we can expect a crawl up to our recent highs of 27500 (at least) before re-assessing.
Will Dow Jones Cross Above 28290? We are looking at Dow Jones Industrial Average (US30) right now. The index has been sideways since last week.
From our technical standpoint, we are watching closely whether the index will close above 28290 right now. If this happens, the next target potentially will be the all-time high of 29587 on 12 Feb 2020.
On the other hand, if it fails to close above 28290, then the index could test the downside where our first support level will be 26820, followed by the next support level will be 26456.
Good trading!
From the Desk of NinjaSingapore
17 August 2020
dowjonesHello traders, here is the analysis from our team :
sell:27517
TP@; 27507
TARGET: 27467
stop: 27567
we take money management from
27507 as profit area on up.
Let us know in the comment section below if you have any questions.😉
Dow..... Downside ....??Trading levels marked on chart
Follow.......... Like.... Share... Stay tuned
US30 Dow Jones Industrial Average Weekly support resistanceUS30 Dow Jones Industrial Average Weekly support resistance
US30 Intraday Divergence in 15m Short term reversal pendingUS30 Intraday Divergence in 15m chart Short term reversal pending
DJI on a retracement move 🦐The market after moving up couldn't make new fresh highs.
Last week it attempt twice to break theema, the trendline and tested several times the support area around 23650.
If the market will manage to break and close below the structure we can set a nice short order acccording with our strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
DJI Showing Me The Money. Tipping Point?Day 3 of holding a big boy short on the dow and everything is going as planned.
Ema dots, custom rsi, custom candles all red shifting trend.
If this is wave 5 I think we should be in for a good size selloff.
This is a daily chart. Would love to see this close red.
How are your trades going?
US30 INTRADAY TRENDLINE 15MIN CHART - Range bound #DOW #DOWJONESUS30 INTRADAY TRENDLINE 15MIN CHART - #DOW #DOWJONES
🚨 Critical. Lord Almighty! Pay Attention To The Market Now! 💰3rd daily red with the 2 day now displaying very tight compression off major Resistance level at previous high.
Since bottom recovery of pandemic collapse each buy impulse has got shorter with less momentum.
Could be buyers exhaustion. If double top plays out this will be juicy.
Stay safe out there boys and gals.