YM ran to 40k without any resistance just like I said it wouldI've been saying for some time now that Dow Jones has _no_ relevant resistance till 40k and now here we are
If that resistance fades quickly then the next relevant resistance is at 45k and probably most retailers will come up with excuses to short it the whole way there also
"But how did you come up with that number?"
See for yourself heh this is a very clear cut chart at such high timeframes not too dissimilar to BTC and XAU
Some very notable calls in recent years:
SPREADEX:NIKKEI and TVC:DJI both to 40k (over 1y in advance)
CRYPTOCAP:BTC pico bottom at 15k and recent local top at 70k
FX:EURUSD pico bottom & TVC:DXY pico top at 115
TVC:USOIL pico bottom at 68
NASDAQ:SMCI mega breakout at 100
NASDAQ:NVDA mega support at 120
NASDAQ:TSLA pico bottom at 105
NASDAQ:NFLX pico bottom at 165
Wwiii
How AAPL could look if TSLA is a sign of what's to comeOn one hand there isn't necessarily a reason to expect a meltdown similar to the pace of NFLX or META or more latterly TSLA; but on the other hand, thanks to how much extra data there is, it's possible for the trained and experienced eye to suppose a long term downtrend will rhyme with its own history (see the linked AMD chart which goes back even farther)
TSLA's downtrend and the yellow brick road of trendlinesAs suspected in the linked / related post the higher orange channel didn't hold and what looks like a textbooky head-and-shoulders top has formed; a continued downtrend will likely respect the yellow traffic lines pictured just like the uptrend did
DXY currently at 15Y channel resistance (volume formula below)50.14348112*FX_IDC:USDEUR^0.576*FX:USDJPY^0.136*FX_IDC:USDGBP^0.119*FX:USDCAD^0.091*FX_IDC:USDSEK^0.042*FX:USDCHF^0.036
"We can't publish this idea for you just yet"
"Wow, looks like you've used quite a few capital letters here. This can SEEM LIKE SHOUTING to a lot of folks on the internet. If you could please tone it down a touch, that'd be much appreciated"
Attempt #2 to bypass the annoying popup text...
AAPL trapping late longs left and right with double wrap-aroundsIf AAPL continues downward after another double whammy support wrap-around it could well trigger a collapse to 10k for Nasdaq 100 especially if TSLA goes with it; many are likely to fall for this thinking that up is the direction which makes sense but charts which spent a few years going up for "no reason" can also spend a few years going down for "no reason"
Dow Jones monthly points to WWIII bear trap ruse just like C0V1DThe strong bounce on a confluence of supports--plus the usual "but we've only seen the beginning of the bear market lol" articles--would strongly suggest that the yellow brick inflation road will continue (see both related ideas) and that recent market activity is another ploy to keep retail anxious / confused / short (valid for as long as the highlighted supports hold)
Key levels on TSLA and how a prolonged bear market could lookSimilarly to the linked AMD broadening symmetrical this toppy-looking wedge with exceptionally clearly-defined levels ought to show that there could be a long way down still in a multi-year bear market and that buying levels on this particular chart could be where all time lows on the weekly RSI would later be created
Demystifying crypto; how to trade it without being stolen fromUltimately there's no need for channels and wedges and such to even be penciled in here since the cycles clearly boil down to some simple ground rules...
1. If you're being encouraged to buy in the red or sell in the blue by anyone with alleged "tenure" then you're speaking to a thief;
2. Forget aiming for the all-time-highs or pico bottoms with any kind of precision and just _keep it simple_;
3. Capitulation comes thick and fast but greed lasts for a while so if in doubt buy in generous chunks and trickle out;
4. The cycles have simmered down massively from "innovator" -> "early adopter" -> "early majority" so anything above 5x for the "late majority" phase is a bonus
The bottom line... don't be too surprised if there's a final WWIII capitulation wick still incoming and _definitely_ don't let them trick you into selling there
A closer look at a historical stock market bellwether: AMD Presented as neutral once more as the monthly candle still has a week to close; this flat broadening wedge goes back almost 40 years and a "crisis" tends to be right around the corner whenever it finds resistance so expect very clean reversal market structure here should that trend continue and clear signs of supports refusing to break properly if this century's meltdown is still a few years away
Exploring the Dow Jones boomer channel & its possibilities #WW3This chart is presented as neutral since the implied "idea" can't come into play till at least one key support properly breaks and worst case till the yellow channel has become relevant again like before; if this were to play out the main "challenge" would be: how to keep retail long all the way down? (hint: the same supposedly unrelated "people" who "shorted" from 18k to 36k will show the same level of stubbornness to long all the way back down to grace)
BITCOIN ANALYSIS - WHEN WILL THE CORRECTION END?From the Chart Above we have The 360 Daily Moving Average(Blue) along with some horizontal support zones and a logarithmic growth curve.
Taking a look at the 360 MA, after each bullrun, the moment price closed below it, we retraced at least 50% from the breaking point. Important to note we only closed below the 360MA when the bullrun ended and had touched resistance of the logarithmic curve. Also note that we didn't cross back above till price touched the support region of the logarithmic curve.
However, we didn't touch resistance this time but closed below the 360 MA already, tho we got close enough imo. If we were to have a 50%+ retracement from the breaking point, we have a target in the region of $24-20k per bitcoin for a bottom scenario.
From the Date ranges in the chart, we can also expect the bottom around April Onwards.
Zooming in to current Price Action, Bitcoin managed to break the $40,000 level however, still not convincing enough. Watch for a break of the White Horizontal line and close above @$40750 before flipping bias.
If you agree pls share your thoughts in the comments and leave a like.
Feedback is appreciated.
How to trade in times of war. What if WWIII begins.In this chart you can visualize how the Dow Jones performed during WWII.
The Dow experienced high volatility during WWII. Its lowest point (-29%) was reached on april 1942.
But, surprisingly, the Dow gained 33% in the period between the beginning (September 1, 1949) and the end of the WWII (May 7, 1945).
Source:
United States Holocaust Memorial Museum. “WORLD WAR II TIMELINE.” Holocaust Encyclopedia.
encyclopedia.ushmm.org