Jones
US30 4H (triangle) direction case:
1: stabilize above 31400 will get (31600 and 31700)
2: stabilize under 31260 = DOWN (target RED line)
DJI future is working towards an ABC bounce.The US futures join the morning rally from Europe with the Dow Jones bouncing back from a larger correction (WXY).
We are looking at an ABC wave up that could turn into a 5 wave if momentum stays strong. I favour this because the larger degree trend is still bullish.
US30 Short IdeaShort idea to 31000, strong level of resistance and a engulfing candle creating fakeout, lets see what happens
US30USD IDEAHello traders, i haven`t posted in a long time, but here you have some analysis from me! :)
As we know US30USD is uptrending from November/October, and friday before market closed i catched 1000+ pips from my Divergence strategy, but now, i would like to see
US30USD re-test pink STRONG TREND LINE, and then take a good long term buy!
Check my profile for morew analysis on GER30 and EURCAD.
Good luck and happy holidays!
Careful - A pennant flag is nearly finishedUsually a pennant flag is a continuation pattern meaning here we should see more buyers. Alas, this one looks a bit weak to me.
If it fails I expect another zigzag pattern (Wave W=Y) just like we had from the previous high.
If it breaks out upwards then we can use wave X as the projection for the next rally.
Better to wait this one out and see where the pennant flag will be break.
US30 / Dow jones ideaHello traders! My last prediction on US30 worked perfectly,
right now i will selt alert on my charts at 27360 level,
and then probably will go for a buy position!
Good luck with your trades!
Corrective move could be in it's final fase.Dear traders,
According to my wave count we should be nearing the end of the correction that has been going on this entire month. 26300 is my final target before I expect the bulls to really wake up again. This area has been a battleground before. During this year's summer we've seen it as both resistance and support, and also last year this area was of importance to many traders.
A succesfull rebound means we can start looking back up again to finally try and beat the 30k.
Don't worry too much about the US presidential election yet. It's still 6 weeks from now and during that time a lot can happen on the market.
So for now my strategy remains selling the rallies until either my target has been reached and/or the bear channel has been broken to the upside.
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Best regards from The Netherlands and remember: always use stops when trading!
Dow Jones - Wave 5 in the making?Im looking for a last leg up towards the February top near 30.000 before I expect a larger correction.
Perhaps the 5 wave correction is already finished but I see a bit more room down (circa 300 points).
Next week the bulls should show their faces or else its to the graveyard with this one.
For the longer term its important to quickly conquer that February top or we'll end up with a double top. And remember: when you see a double top, you sell a double top.
Let's take a look at the MarketHi everybody!
To begin almost anything, it helps having the right tools in place for the job.
The moment has come for me to set up a full outlook on the DOW JONES (DJI), everything will be approximations, and can update periodically on the same thread, I think.
This is a study completely based on my own understanding, and it is freaking minimal, but it is collective. I encourage suggestions and opinions.
Also, I am thinking as I'm writing so I will try to clean it up for you but my brain is slippery.
Let's start to begin...
Successful Short Trade (BOUNCER MARKET)DJI (Dow Jones Industrial Average Index) is in a disctinctively beautiful BOUNCER market, at the point nose-diving South.
During a market like this one is, the wisest things to do - is to trade riding the current wave, capitalizing on it.
This time we are applying the CONDI FAST TRACK Trading System. CONDI FastTrack is 4-times faster than our stadard system,
making use of the 15m chart as the base/main time frame for the system instead of the 1h frame...
As per the CONDI Trading System rules, we are allowed to trade both long and short within BOUNCER Market, which is nice.
T.m. at the moment making use of Short trading opportunities, 100% confirmed by the CONDI Trading System.
Recognized (yet another) such opportunity at point marked with the callout.
Trade successfully closed with profit within 2 15h candles (within just 30 minutes).
Happy CONDI trading!
Dow Jones: Sell opportunity within the Channel Up.DJI is trading within a Channel Up on the 4H chart (RSI = 55.798, MACD = 115.900, ADX = 32.013) since late June. Today the MACD made a red cross, the RSI has already since Aug 11th hit its Resistance, and it looks as if the Higher High is priced in. We are expecting the price to touch the 4H MA50 once again around 27,100.
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Walgreens clear shortHey everyone,
besides the overall downtrend since 2015 there are a few things to talk about.
1. The price hit the resistance line and bounced off it. (Short signal)
2. The ROIC (return on invested capital) gets worse and worse. (Short as well)
3. The PER (price earning ratio) is very expansive atm. (Short the hell!)
Did i say short? No? Short it than!
Much fun with that trade!
Leave a follow please, my goal is 200 :)