DOW 01282022The DOW hit a Resistance Level that we have not seen since OCT 2021. A reversal is imminent. Supply Zones will be retested for an overall bearish disposition.
DOW trade ideas
DOW Inc. Going Long For the first Quarter Dow Inc. set for a Bullish run for the first quarter . With the price now Retesting the Daily B.O.S @ the highlight level . It should push up from our entry to the Daily M.S ( Higher low) than Retest to ( Lower High) before another Bullish movement to the 65.00 level which is also a valid level . Going long for the first quarter on Dow Inc. , Us30 and the S&P 500 as all are showing a Bullish movement with the Technical Analysis
EMAs crossed likes march 2020, waterfall cominglast time those EMAs crossed was march 2020, the begining of the waterfall
Dow Inc Showing Classic Wyckoff DistributionAmazing example on Dow Inc. of a Trading Range following Wyckoff Distribution Schematic #2.
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What is a Trading Range?
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In an trading range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply or Demand of the asset before starting a major campaign.
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What is Wyckoff Method?
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"One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists.
In accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR ."
Wyckoff Theory & Schematics give us clues to which probable direction the price may head out of the horizontal moving price structure.
In a Distribution Trading Range two of the key characteristics are the UTAD (Upwards Thrust & Distribution) above the Trading Range, and the SoW's Signs Of Weakness's with strong volume at the bottom end of the range.
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Further Reading
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For more information check out Stockcharts.com, Wyckoff Introduction & Tutorial for beginners.
school.stockcharts.com
For Distribution Schematic #2 for comparison:
school.stockcharts.com
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If you found the idea informative & insightful then share the love with a like & comment, thank you!
DJI not in a good shape currentlyThis is just my analysis and should be considered only for Study purpose and not as a recommendation as i am not responsible for your losses or get a share from your profits...
This is a simple price action study... looking at the chart i feel the Dow is ripe for a bit of a correction...
I feel we could stay away for a while and let the market play its card and do what it has to do...
Be fearful when everyone's greedy - you'll know what i mean....
Dow ready to fall into 2020 territory again Once below pre-covid levels there will be no Fed magic to recover the fake market
time to go for shortit is already retested and needs to go down till 52.5
it is not financial advice
Dow Jones Update We have been following the Dow for over a month now since the transport divergence. The breakdown of the dow continues. Expecting a bounce tomorrow before more blood.
$DOW - Strong Company at Key SupportFairly simple trade again this time round! DOW had an unwarranted drop from the top of it's channel on seemingly no news, and had a healthy bounce at the bottom. This enough wasn't really enough for a trade, as we kept running into resistance around 63.80. Now that we're over it, I'm comfortable loading a position.
I'll be playing 65Cs and 67.5Cs expiring 8/20, though flat out shares are also valid for this play! This is a solid company with strong fundamentals, so even if this play takes longer than expected to pan out, we're still holding a great company which will recover.
All that being said, make sure you don't confuse this ticker for DIA! It's fairly easy to get them mixed up, haha. Godspeed traders.
$DOW time to buy back into this bottom of the channel for 15-20%Time to rebuy this materials name.
Oversold on daily, holding daily channel. Strong company with strong fundamentals.
Dow Inc pending breakoutDow inc is pending for breakout as it has recently tested the 52 weeks high resistance. It is above EMA 20 and EMA 50 which shows sign of strength and is gearing up for a movement upwards.
DOW H&S completeOnlöy to metion, my Head and shoulders short was right and the pattern continues to peak the 70$ mark again, like predicted.
DOW head and shouldersTypical head and shoulders pattern.
Bearish is set for a small amount of time, before we see the next rise.
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DEJA VU...REPEATED !!
Did you feel comfortable on Friday, less comfortable on Monday, and committed on Tuesday ?! Well, it reaches the brothers that no miracle lasts more than 3 days.
I hope I'm wrong, but after the wind direction today it seems that we will have bright red showers, which in some areas, can bring flooding in the Square.
Those who have left home with the SL umbrella that is open, or those who think of it as long-term, and if it can be worn look, do not have to be afraid. The others, however, would be better to take shelter because it can be an acid rain.
But Crypto's friends seem to be the most upset. In them, the showers turned into hail the size of an asteroid in Armageddon. Depending on the tolerance "to blows" or the spirit of "Handsome Boy", they can be put in the ground up to the knee, to the waist, or to the neck, depending on the strength of the Dragon.
What's more, it's time to stay at home and count ..... the popcorn beans. And let us be optimistic to think that after every storm the sun rises, and after every night comes day.
Even after the Polar Night 🙂
