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Dow Jones - Bear Rally Completing!Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. I'm not going to get into any highly complicated fundamentals here other than this. Unless something happens next week that surprises investors and the world, this bear market rally is nearing completion. The stock market is heavily traded based on algorithms and we're sitting at a very important Friday close. We're sitting right at $240 which is a 50% retrace from the proposed wave 3 as drawn. If I am right, we're going to pivot early this week and maybe even on Monday and start to head down again. This will likely not be met with some hopeful retail investors trying to catch a dip. It's quite possible DIA will bounce up to $245 (or even further... nobody knows for sure). What we do know is this: We capped out at ~$270 We rejected and bounced at $241 We had a failed rally that lost steam at $263 We have completely failed and fell to $216. Surprising? Not for me. We rallied to where we are now... so what next? Just a simple fibonacci based on the proposed 1-2 gets us our bounce at the 1.618 and a rally as expected. We really shouldn't move much higher than this otherwise we'll overlap wave 1 which really changes things quite a bit. Assuming we pivot here, our target (could ptoentially be several weeks or months away) is going to be around the 2.618 from that first 1-2 pivot which lands us at the almighty $200 mark. Trade safely my friends.
AMEX:DIAShort
by bitdoctor
Dow Jones Wave (3) pointing towards 20800 levels ?The Dow Jones Industrial Average has seen one of the worst drop after 1931, around last week December 2018 and it could still produce one more bearish swing lower before pulling back. Looking at the wave structure, a higher degree wave (3) seems to be in progress since 26000 levels printed on December 03, 2018. We can count 4 wave at a lower degree since then, and the 4th wave might have terminated at 23300/50 levels, where prices seem to be stalling at this point in time. Please note that till prices remain below 24000 levels (it is the termination point of wave i of the same degree), we could see wave v unfolding towards 20800/21000 levels respectively. Overall, the bearish momentum is expected to continue at least till 21000 levels before a meaningful rally unfolds. 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.
DJ:DJIShort
by FXTM
1
DOW approaching inevitable deathcross + h&s triggeredThis is my first ever non crypto idea on tradingview but I couldn't refrain from commenting on what I'm currently seeing on the Dow Jones. We can see a big head and shoulder pattern seems to have been triggered which has a drop target all the way down to the 21k range. Meanwhile it seems within the next 2-3 days a death cross is set to occur on the 1 day chart and considering this head and shoulder pattern seems to have already been triggered/validated I don't see any way shape or form that the DJI will be avoiding this deathcross...some wise friends of mine who have been at this much longer than I have are getting involved into some inverse ETFs right now in anticipation of it. I personally will not be making any financial advice on what to do here as I am not a financial advisor but it does appear that the writing is plainly on the wall...I also find it very interesting that the crypto market is now experiencing a bit of a pump during the DJIs + S&Ps downfall. I think we are in for a very interesting 2019 in both markets.
DJ:DJIShort
by DrDovetail
View On Dow Jones (18 Nov 2018) *UPside possibleView On Dow Jones On (18 Nov 2018) I am not buying into "the market gonna crash" news. Rather it found the support near 25,430 and it is primed to move upward. There is some chance of the dropping as well but I reckon it shall go higher to the end of 2018. Dows 26,000 will be the interim target for now. Let'see. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
OANDA:US30USDLong
by SonicDeejay
Thinking Fast and Slow: A Case for Dow Jones Industrial Index Hello traders. Here my case for slow and fast moving trendlines. Following a major drop the past few days on DJI we are looking at a very volatile market indeed. I am not going to elaborate on why this happened and make sense of the 2000 point drop you can read all that on WSJ Our job as traders is to find a direction that is consistent with our technical analysis and not speculate around causes and effects. My approach is based around trend lines and act on projections around said trendlines highlighted as yellow arrows. Position your trades accordingly. Trade Safe, Trade Well
DJ:DJI
by fromzerotospyro
DOW JONES: DON'T PANIC!The week before last gave us a shooting star/doji. The following week resulted in a pull-back that has everyone scared. For now, we held lower parallel support. However, I'm leaning on the prospect of more downside for now. The markets are telling us something: there is clear concern over the mid-term elections. If Democrats win, I'm sure that would pour water on stock market fundamentals. The Democrats seem to be in a state of emotional meltdown. Any Democratic victory may render the United States uninvestable. As the crown jewel of American industry, the Dow Jones may enter a serious bear market. However, I do not foresee that happening. I foresee a Trump victory - not only in the mid-terms, but for 2020. So, stay with the trend. There will be an amazing buying opportunity soon. Should last week's low give way, it opens up the possibility of falling to the year's lows. Even better: we take out the February low WITHOUT closing below it, on a weekly or monthly basis, creating a severe snap-back rally. THAT would be an incredible trade. I am bullish the Dow Jones long term. I am bullish the Dow Jones in the medium term. But bullishness must be fueled buy the consensus being on the wrong side. We MUST create the conditions that prompt the majority to believe that stocks will go down, in order to go up. This could be a period of sideways consolidation, in a large range. Or it could mean a spike down that 'washes' everyone out, catching them flat-footed. Such a move is possible. Was last week the spike? For now, I think not, as I believe the markets are awaiting confirmation in US politics in November. I await a signal to enter a full position long. As long as we remain below the 25760 area (prior support turned resistance) on a closing basis, I will be taking short scalps, ready to roll into a long.
OANDA:US30USD
by TheRealPeaches
11.1/1 R/r | The Big Short | 1D Bear Div | Evening Star doji 1DThe recent hike of the fed rates will eventually result in a large number of defaults which will cause for a collapse/ pullback / correction / whatever you want to call it. 1D Bear Price action & Bear div Unsustainable parabolic uptrend The band has stopped playing. Pull the plug Get out of US Equities and hedge with BTC, after all that's what it's made for. Close short - 20201 Stop loss: 1.83% Entry: 26 656 Risk/Reward ratio: 11 Happy trading
DJ:DJIShort
by ant1vas
Dow Jones short entry ?Today DJIA made a new ATH, breaking the previews resistance but failed to stay above for now. Multiples bearish divergences, as you can see the last time we saw a divergence like this it was follow by a correction, the economics context isn't very good, and October isn't a good period in markets. So I think we could see an other correction in coming days. What are your thoughts ? Do you think DJIA is gonna make another ATH soon ? The only thing making me think the Dow can pursue his ride is that only two companies aren't performing GE and IBM, but I think 2/3 are overvalued.
TVC:DJIShort
by iNeedBTC
Short Apple - Short US MarketI continue to say that the bull run in Apple will soon be finished. The divergence between the rising stock and the down trend in RSI is visible. The problem is that in Nasdaq and Dow Jones you can see the same thing. The economical cycle is almost finished. You can look at the indicators. They are all slowing: United States ISM Purchasing Managers Index (PMI) - July: 58.1 - Estimate 59.5 United States ISM Non Manufacturing PMI - July: 55.7 - Estimate 58.6 United States Building Permits -July: 1.311 - Estimate 1.4 United States Consumer Sentiment - August: 95.3 - Estimate 98 United States New Home Sales -July: 627 - Estimate: 645 United States Existing Home Sales -July: 5.34 - Estimate 5.4 United States Durable Goods Orders - July: -1.7% - Estimate -0.5% My view is that september will be a very big stress test for the US Market. The graphic of the Dow Jones index is very similar to the one in 1929...even the market sentiment is the same China - US trade war, Trump's impeachment, inflation rising, FED's rising rates, North Korea etc --- anything can go wrong...and from that point, the market will start fearing and puking
NASDAQ:AAPLShort
by marctek
4