ZIGZAG BUT TREND IS UPin dow and sp500 still main trend is powerful + so only looking for buy,not sell ,,,, we will see some zigzag but to+ up
YM1
Dow Jones Long-term Megaphone, Limit Reached to the TickOn both the long-term (weekly and monthly) S&P 500 chart and here with the Dow monthly chart, one can see a large megaphone structure or broadening pattern. In both cases, the Fed balance sheet reversal and then repo-induced mania of last year created an overthrow. On the S&P 500 megaphone, this bear market rally culminated in a small overthrow again, but that index now sits once again inside that structure.
With the Dow, on the other hand, the rally came to an abrupt halt as it found resistance at that structure and subsequently retreated from it, to the tick. In this chart, it is forming a very strong, long-wick rejection candle.
I do believe we will be making our way to the bottom channel once again. We will likely find some support there, but I believe it will then fall out of the structure altogether, the common conclusion of a pattern like this.
Dow Jones Bearish Wedge Breakdown and Failed BacktestThe Dow Jones futures, much like the NASDAQ and S&P 500 futures has formed a bearish rising wedge from the March lows. Last Thursday's bloody drawdown broke the index out of this structure, after which it tried to recapture it, which then failed, and a subsequent backtest looks to have failed now as well. This is in keeping with the other major indexes.
Any forthcoming selling from this point spells serious trouble. I am seeing rising similar patterns everywhere at this point.
US30 - Dow Jones - YM1! - H4 - Weekly Analysis -Head & ShouldersUS30 - Dow Jones - YM1! - H4 - Weekly Analysis -Head & Shoulders
We have a Major bullish Trend on the Daily chart, but we just had a bearish reversal pattern and also have a Head & Shoulers pattern on the H4 chart.
We are waiting for a little correction on a key level to enter SHORT.
Our targets will be @ 24000 & 23000.
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Entry: 25500.00 | Stoploss: 25800.00 | Takeprofit1: 24000.00 | Takeprofit2: 23000.00 |
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no 1 indicator for trade sp500 dax dow after 13 year of trade(daily 12hour) and test 100.000 indicator , Accelerator oscillator(stochastic movement)is most important indicator
my main stratgy =use it on 30min and 240 min
when AC 240min is green ,only look for buy, when AC 30 min in down full red, turn green ,put buystop on 15min last high (or current candel high)
sl=last N shape low tp=3*sl
dont judge soon like stupid, you need min 3month try to find AC secrets
sell is reverse of above
buy and hold3 place for buylimit tp=30.000 dont close it soon
dax, sp500 dow like nazdaq want see new up record ! !!! so dont close with little profit
US30 - Dow Jones - YM1! - H1 - Intraday Analysis -BUY 27800US30 - Dow Jones - YM1! - H1 - Intraday Analysis - BUY 27800
We have a Major bullish Trend on the Daily, H4 & H1 chart, price broke a Key Level 26500
Until this level holds we will be looking for Long entries until we have a bearish reversal signal.
We are waiting for a little correction on a key level 0.236 Fibonacci Extension Level before to enter Long.
Our first target will be the 0.618 Fibonacci Extension Level.
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Entry: 27325.00| Stoploss: 27175.00 | Takeprofit1: 27490.00 | Takeprofit2: 27800.00 |
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US30 - Dow Jones - YM1! - H1 - Weekly AnalysisUS30 - Dow Jones - YM1! - H1 - Weekly Analysis
We have a Major bullish Trend on the Daily, H4 & H1 chart, price broke a Key Level 26500
Until this level holds we will be looking for Long entries until we have a bearish reversal signal.
We are waiting for a little correction on a key level @ 26675 before to enter Long.
Our first target will be the 0.236 Fibonacci Level and second target will be the -0.236 Fibonacci Level.
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Entry: 26675.00 | Stoploss: 26525.00 | Takeprofit1: 26975.00 | Takeprofit2: 27500.00 |
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Dow for short term 6/3/2020The dow moved as predicted in the previous update and still in uptrend momentum. Wave 4 was so complicated to count and I count it as triangle correction after the decisive rise in price at a minor degree. The whole rise from 22700 is a either wave c or 1 of the third wave as we showed in the last update. What is surely coming now is a minor correction wave which I consider a good opportunity for day trading to jump in. I will remain invest strategy as long only for day traders other traders should wait until pieces of evidence support accurate scenarios. Your comments are welcome.
US30 - Dow Jones - YM1! - H1 - Intraday AnalysisUS30 - Dow Jones - YM1! - H1 - Intraday Analysis
We have a Major bullish Trend on the H4 & H1 chart, we are waiting for a little correction on a key level @ 25250 before to enter Long.
Our first target will be the 1.618 Fibonacci Level.
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Entry: 25250.00 | Stoploss: 25100.00 | Takeprofit1: 26100.00 |
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UPD: Comms at their top inventory area, specs still not buyingToday's candle and volume will reveal more $DJI, $SPY
US30 - Dow Jones - YM1! - H4 - Weekly Analysis - LONG -US30 - Dow Jones - YM1! - H4 - Weekly Analysis - LONG -
We have a Major bullish Trend on the Daily, H4 & H1 chart,
we are waiting for a little correction on a key level @ 25450 before to enter Long.
Our first target will be the 1.618 Fibonacci Level and second target the 2.272 Fibonacci Level.
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Entry: 25450.00 | Stoploss: 25125.00 | Takeprofit1: 26100.00 | Takeprofit2: 27350.00 |
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Update Dow for short term I believe the rise from a major bottom is a correction wave (ABC). the price now in the last fifth wave of C or 1 of C. Both scenario indicate that the price should make new high and this is a good opportunity for the short-term trader. I am in since last week and my SL is the bottom of last week. There is another suggestion that wave 4 has not completed anf unfold as a complex correction but less likely.
Short DOWShort DOW at 25700
Approaching month end. We are overbought. This trade may take 6 months
Goal is 16000. This will be updated
