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DOW JONES Trading PlanPattern: Channel Up on 4H. Signal: (A) Sell as the RSI got rejected on its Resistance Zone. Wait for the MACD to cross in order to open the position. (B) Buy if the 28160 Resistance breaks. Target: (A) 27000 (projected contact with the 4H MA50). (B) 29700 (+14.50% rise from the Higher Low). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> @scheplick
TVC:DJI
by TradingShot
1
Dow Jones Flag PatternNice flag pattern forming today on the Dow Jones index. Looks to be price consolidation after the early morning sell off and I anticipate this selling could continue. TP levels on the chart but really, if price drops down lower I think it could shock stock buyers in to taking profits and more larger downside to begin. Everyone knows fundamentals don't align with technicals right now but unfortunately there is no where else to put cash other than stocks. I believe that it is okay to take 3 small losses in order to catch the next big move on stocks. This is a bubble due to burst in my opinion
OANDA:US30USDShort
by UnknownUnicorn772665
1
US30 SHORT As we approach the 26900 sell zone, we are witnessing a complete rising wedge with phases falling drastically out of momentum. If we fail to break directly out of the upper channel resistance, we should expect a pullback toward 26200 zone before a final break to the 26900 and possibly a repeat of March's sell off. With rising concerns surrounding China, a spike in new Covid cases, and monumental unemployment rates; with no sign or signal of when a date of return for a high percentage of Americans. If fundamentals continue to surround the markets in negative fashion mixed with the DXY finding its bottom, struggling to push through this slowing bull phase, we should be heading significantly lower, fast .
OANDA:US30USDShort
by FxMoneyMiami
Dow Jones Stock Index (This time is different)View On Dow Jones US Stock Market (21 MAY 2020) Let's be honest here. The danger of the virus is still far from over. No one really knows how bad the second wave of infections will be even though many countries are starting to open up their economies after months of shutdown. If the economic outlook of the world is so bad and the unemployment rate is soaring yet why do the stock markets keep rising instead of 1929 style depression? This time is different. Yes. I repeat this time is different and we have never done it before. Central Banks (CBs) around the world are shoring (or) pumping too much liquidity (aka money, credit) to swell up the monetary systems at the unrepentant rate. It is with the "T". T for trillions. It is like injecting the adrenaline dose into a dying patient to keep him awake. How long can it last? No one knows. The trick shall work as long as the patient's body response to the treatment. All hells shall break loose once the body/economy no longer responds to adrenaline/money printing. For now, the US market is decent resistant fo 24,500 regions and surprisingly many retail traders are staying sideline after the Feb-Mar selldown. The stock index may do minor pullback along the way and 23,000 is a good swing support region. As long as 22k level hold, we shall see a rise up to 25k-26k region. That 25k-26k region is going to be the battleground of the season. Instead of waiting for a short, it is better to look a long entry in every pull back for now. Be Patience Padawans if you are looking for a great sell. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:US30USD
by SonicDeejay