DOW SHORT -Harmonic pattern formed.
-Bearish Candle daily close inside the bullish candle (Bearish Inside Bar/Bearish Harami)
-Price reversal zone at green resistance zone.
Dowjonesindustrial
DJI SHORT WHEN THE US OPEN,WAIT FOR THE PERFECT ENTRY.Dow Jones Lacks Sustained Momentum
The Dow Jones Industrial Average was lagging the other major US stock market indices on Thursday, as both the S&P 500 and Nasdaq were able to squeeze out gains of more than 0.40%. At last check, the Dow had climbed 68.36 points or 0.25% to 27,070.34
DOW (DJI) rejected at 27K again, market topping outThe winter is coming. As everyone can see the index is failing at making higher highs, the dips are shallow, but the conviction is not there, there is just no room to rally. We reached the TOP. RSI showing weakness in the bull market.
Expecting a correction to around 25300, then a low volume rally to retest some of the former highs, and then, the long awaited freefall in early 2020.
This is the last time we are seeing Dow above 200-day MA for a long time, once it breaks down it won't get above it swiftly. The bear season begins with the daily close below 200 day MA or a flash crash we can't foresee atm.
Whoever longs this after such an overextended bullmarket cycle is just delusional.
A marginal higher high to stop out everyone already shorting and then a crash is a possibility as well, although I wouldn't bet on it.
It seems like everyone hopes they can sell to somebody else once the panic kicks in.
The thing is, the theatre is getting more and more crowded... yet the exit door stay the same.
DJI Possible Triangle in y of 2On Friday we are finished a possible Wave d of of 2. Now follows the last wave e to complete the triangel and we starting Wave 3 with a Target above 30k.
DJI Short --Waiting for Catalyst TVC:DJI FOREXCOM:DJI TVC:DJI OSE:DJIA1!
Waiting for catalyst to Short the market
Classic Double TopShit is about to get real in the legacy markets. Get your shorting game down fellas. Its gonna be a great rest of the year for shorts. If there is no Fed intervention and QE begins to prop up the market then it may hold up but I doubt it.. This is pressure that has been building up in legacy markets for quite some time now and I dont this that the capital flight out of legacy will be able to be supplemented adequately relative to the sell offs moving forward. A long position can not be justified as there is little margin for error. If I know this, then so do much smarter, and richer people. Only irrationality can justify a long trade. Watch for metals and mining stocks to skyrocket from here on out.
God Speed Gents,
Mr. Manbearpig
DOW JONES INDUSTRIAL - SHORT/SELL - VENTAAnte la notable Próxima Crisis Económica internacional vemos como la economía de EE. UU. esta en una desacelerasen por ende el patrón de terminación de tendencia que es el Canal.
--> Divergencia en RSI y en MACD
DOW JONES - SWING TRADEHi, today we are going to talk about DOW JONES
We observe a D chart, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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Getting ready for the best short trade of your lifeThese things cannot be timed exactly or predicted to the day. Nevertheless, you would do well to be aware of the economic environment in which we find ourselves and how fragile things are. I have sketched a possible scenario on the chart that seems quite probable to me right now. This is just to illustrate my current view of things. Of course I can be completely wrong. It's just an idea. Take care!
Possible turning pointWe have a possible demand-zone here. Wait for confirmation before buying.
Look at the gold-chart for confirmation as well. Gold and Dow have some correlation --> which means that if gold shows weakness, Dow will probably rise.
US30 BUYYYYY Buy US30 have been waiting all week for this entry,
We have some good talks happening for the rest of the week which will help push us up further,
Being an indice it matches into our startegy
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DJI possible EDT in Wave C?!Maybe we have an EDT in Wave C. Their are two possibilities. First one is we make actually Wave 2 (max Target 27404) of C or we are in Wave C of Y (max Target 28011)
Historical Analysis of the DIAHistorical Analysis and Monthly Chart :
The DIA showing Strong Major Bull Trednd with serveral interaction with the Return Line (RL).
Note the Pick in Momentum since February 2016 (or B3), the next Major bottom made above the Major Trend Line (MUT), and therfore showing the failure of the Bears to take the price downward.
But, we dont see strong sign of buyers either.
The DIA is inside big Consolidation that lasted for almost 2 years (since Oct 17).
Weekly Chart :
The Resistance Area between 265.88 - 267.53 Established in Jan 2018, the second attempt to go above that level accured 1 year ago (Sep 2018) and the reaction was very violent and took the price to far down levels.
Since then the price hit the Resistance Area 3 Times :
1) April 2019 - the price got into resistance reaction and made New High Bottom.
2) June 2019 - the price go through the Resistance Area, Failed to continue, and made new higher bottom bellow that level.
3) September 2019 (these days) - the price close above the area last week, but with relatively low volume.
We need to keep an eye on the price this week and look for the power of the buyers, how far they can take the price up (if any).
Notice also the Volume Activity in the Consolidation Area - Pickup on down moves, and diminsh on the Rallies - weakness .
Daily Chart :
The Daily chart does not give us alot of new information.
But we can see the Trading Zone (sort of Rectangle), and the price movement above it.
The Minor picture is Bullish.
Conclusion :
Since B4, the overall picture looks positive.
But the Key for understanding the coming moves relly on the reaction to the Resistance Area, and the examination of the Bulls Power.
Any High Volume Bullish Activity above the Resistance Area, can take us again to the Return Line (RL).
If we will see Second Failure on the Resistance Zone,we need to examine the power of the Beats, and the next areas to look for are the bottom of the trading zone, and B4.1.
If the Bears will act Aggresivley and take the price bellow B4.1, the picture is very negative and the next level is the MUT.
DOW to crash soon? $25,400 and then $22,200Is it possible that we have topped out on the DOW and that a we will see a retracement soon back to $25,400 or so? Assuming we do make a drop, I have posed a possible scenario in which a head and shoulders would then form and take us back down to $22,200
$DJI Bear Flag Forming on the 1 Day Chart- Massive Recession?See more at cryptoplanet.cash
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DJI Fractal AnalysisHey there guys,
Time for Mr. Downy (#DowJones) to be analyzed. As most of my charts, i start with detecting fractals and drawing Fibonacci Retracement. So in this case, in one month time frame it's quite easy to read and pretty obvious. Now the thing is that if the market follows the track.
So here we start another analysis. Just an idea as usual. I've been studying this one for months so ill try to keep update as usual in less time frames. ill draw channels, patterns, chuvashov fork, etc. Everything that is needed to study this special chart to keep the track cause this one moves the economy big time every time it goes down, so even if it change the fractal that i already drew, ill try to keep you updated.
Hope you find it interesting and you are as usual welcome to comment.
Note: This are my personal interpretations and case studies, and are not financial advice! Use it as your own risk!
Don't forget to check my instagram:
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Peace out!
Charter X
Dow Jones Industrial Average DJIA possible SHORT (cont.)Possible continuation pattern forming, not perfect but could be considered a BEARISH CYPHER if trend continues to target on the short term.
Makes sense to have a small bull trap on the way down, something to keep your eyes on in any case.
USA SHORT TMF + ETFS that i have looked into.
BBUS QQQ QID
DYOR
CYPHER TARGETS ARE THE 618 and 100% retracements of leg C - D but I believe a roll over and further downtrend will continue
not a financial advisor
DOW looking bearishI assume based on Dows failure to rally, perhaps this is a sign that market wants to turn around
At each test of resistance, after dropping more than 500 points, the market has continued to push bearish as well as the Divergence also validating the direction.
