DJA Dow Jones 24hr potterboxes.DJA Dow Jones 24hr potterboxes. As we can see the Dow bounced from the 50 percent line or cost basis.$12,806.32 ish. Thats why I like to go back and look to the left and find the support area that maybe it will hold at. If the candle opens on or above the 50 percent line or cost basis. It will make a new high. According to the parameters of the potterbox. we still have noise to the left we have to get thru. Hopefully this is the bottom, but who knows it could go even lower. Happy Trading.
DJA trade ideas
DJA Dow jones composite average index 24hr potterboxesDJA Dow Jones Composite Average Index 24hr potterboxes. well it looks like the dow is bounceing off of the floor of the big box. just keep a eye on it. i dont think its going any lower. it could but i dont think it will. If it does go below $ 13,322.32 I would say to look out below. I also use the 1,2,3, Bam theory based on the laws of three. Happy trading.
📛 The signal! Powerful SNP 500 breakdown! False, isn't it? Why?📈 What are we seeing at the moment? The SNP 500 index broke through the resistance line and headed up! Our "four screens" system gives a "buy" signal. You can see the levels on the chart.
Let's remind you about the rules: a maximum of 2% in the risk transaction and the need to have a system, as well as a plan to exit the position (we will not write about this to our competitors, since we have our own Fund).
📃 Now for the article in the WSJ (the Wall Street Journal). Many people are now interested in why the strongest decline in the economy is almost not reflected in the us stock market?! We recommend reading the article on the WSJ (full article for a paid subscription, we can send you the English version on request in the BOS). It does not prove the fairness of the situation, but it explains the logic of investors. In short, here are 5 main reasons: 1) belief in a rapid recovery; 2) rising tech giant shares offset the overall decline, creating the illusion of normality; 3) overall EPS has grown; 4) lack of alternatives for investment; 5) fear of playing against the fed. In General, as they say "too big to fall".
Be careful here (not just stocks but all assets)Times like these where we are up 1000 points and down 1000 points generally are followed with a huge move "usually" in the downward direction.
Look back at 2008 , 2000, and 87.
Not "professional advice" of course, just saying to be careful as we dont know what more there is to come from this virus.
Increasing possibility of a spanking collapseI know most of you guys are aware of such,
yet, i tried to categorize the significant similarities of distinct behavior phases of DOW Composite, throughout the last two loops..
If the blue arrowed far-east originated falls are not a coincidence, we might already have seen 'the roof' of the decade..
,and a downfall may be witnessed by the end of this year.. (or within the first half of the next).
I’m pretty sure this chart may be a trash for temperate traders, as they are vigilant for it, for a long while ..
but I just wanted to share ;)
Have a nice week..
Dow Composite index – weak closing could signal completion of 5-
A weak daily closing below Monday’s high of 6344 could be a signal the index has completed basic 5-wave structure.
A weak closing on Wednesday has already signaled a bearish price-RSI divergence.
Bears should observe caution as selling is likely to gather pace only if the daily candle closes below 6344.
Intraday dips below the same followed by a positive move could be signal of more gains ahead.
DOWCEsperamos ajustes en los bolsas de USA debido al ciclo de alza de tasas de interés de las FED así como una toma de utilidades, mientras no rompa la resistencia no hay señal clara de continuación alcista.
We hope adjustments on USA equities due to the cycle of rising interest rates the Fed and profit taking, while not break the resistance no clear sign of bullish continuation.
Technical Analysis: Coming To A Narrow PRZ | $DOW #DOWFriends,
A very short note here regarding the Dow Composite Index.
Using proprietary patterns, an unusually narrow potential zone of reversal is defined. All of these can be verified by major or minor Fibonacci levels as well.
Both mean and average are defined as well. By reverse engineering a Fib-based retracement at the 38.2 significant level, this would point to the flat topside of a rising triangle from which price broke out following last mid-impulse consolidation.
All this seems to converge and should alert both pattern traders and the occult market geometrist of an unusual convergence of technical events.
Cheers,
David Alcindor
Predictive Analysis & Forecasting