Historical Analysis of the DIAHistorical Analysis and Monthly Chart :
The DIA showing Strong Major Bull Trednd with serveral interaction with the Return Line (RL).
Note the Pick in Momentum since February 2016 (or B3), the next Major bottom made above the Major Trend Line (MUT), and therfore showing the failure of the Bears to take the price downward.
But, we dont see strong sign of buyers either.
The DIA is inside big Consolidation that lasted for almost 2 years (since Oct 17).
Weekly Chart :
The Resistance Area between 265.88 - 267.53 Established in Jan 2018, the second attempt to go above that level accured 1 year ago (Sep 2018) and the reaction was very violent and took the price to far down levels.
Since then the price hit the Resistance Area 3 Times :
1) April 2019 - the price got into resistance reaction and made New High Bottom.
2) June 2019 - the price go through the Resistance Area, Failed to continue, and made new higher bottom bellow that level.
3) September 2019 (these days) - the price close above the area last week, but with relatively low volume.
We need to keep an eye on the price this week and look for the power of the buyers, how far they can take the price up (if any).
Notice also the Volume Activity in the Consolidation Area - Pickup on down moves, and diminsh on the Rallies - weakness .
Daily Chart :
The Daily chart does not give us alot of new information.
But we can see the Trading Zone (sort of Rectangle), and the price movement above it.
The Minor picture is Bullish.
Conclusion :
Since B4, the overall picture looks positive.
But the Key for understanding the coming moves relly on the reaction to the Resistance Area, and the examination of the Bulls Power.
Any High Volume Bullish Activity above the Resistance Area, can take us again to the Return Line (RL).
If we will see Second Failure on the Resistance Zone,we need to examine the power of the Beats, and the next areas to look for are the bottom of the trading zone, and B4.1.
If the Bears will act Aggresivley and take the price bellow B4.1, the picture is very negative and the next level is the MUT.
Dowjonesanalysis
DOWJONES 30 | CORRECTIVE UPSIDEHi Friends,
Dow Jones 30 approaching monthly and quarterly resistance zone @ 26700 -- 26775. Both medium and short term dow jones structure in corrective nature, So i looking for another wave down upto 24400 on coming months.
ENTRY & EXIT LEVELS:
SHORT @ 26700 || SL @ 27500 || TP @ 24400
Dow Theory - DJIA and DJTA Clash to Signal Bearish Future*Yellow = 200 EMA | Blue = 100 EMA
This video goes over the divergence between the DJ:DJI and DJ:DJT . Currently, the DJIA is trending upwards, setting new highs, and lows. However, contrary to this movement, the DJTA is moving downwards heading towards a trendline shown in the video, but could very easily break through that trendline.
Why do I care?
In 1929, several months before the flash crash and the official start of the Great Depression, divergence indicated by Dow Theory helped forecast bearish price action. This is outlined in the Intelligent Investor . Part of Dow Theory states that if either the DJIA or DJTA starts moving in a direction in contradiction of the other, the index whose movement has not yet transitioned will begin to do so. In this case, that means that the DJIA should start to trend further downward.
On the weekly charts of both indices, the RSI shows obvious bearish divergence moving in confluence with the hypothesis presented by Dow Theory.
This could mean short term breaks of trendlines and longer-term moves to lower supports around 21 000 - 22 000 price range for the DJIA or lower.
Internationally, we've seen global growth in regard to Europe (eg. Germany's poor GDP report), China's poor manufacturing, the inverted yield curve, and greater bearish sentiment as a product of Trump and his trade war. These factors along with this analysis indicate looming bearish movement, but also the potential to BUY more stocks as they become cheaper and become bargains.
Good Luck Traders!
US30 - Trading near key support. Watch for more downsideObserved limited bounce on SPX from its 236 fib. I'm taking LONG position once again after yesterday's profitable day and handsome 130+ pip profit. We're getting closer and closer to decision date. Where market has to decide it's direction, UP or DOWN. Right now upside is limited by ATH @ 26950, so unless we pump hard on some definitive news from Munchin we're set to revisit ATH this week. If not, we are going to be capped by 26500-26700 range until Sunday futures open.
I'm cautiously sitting on a fence right now leaning LONG with tight stops at 26470. TP is 26615. Not getting greedy. Just make some $$$ is enough in this choppy market.
Daily DJI forecast timing analysis by Supply-Demand strength24-Jun DJ:DJI
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.1% (HIGH) ~ -0.4% (LOW), -0.2% (CLOSE)
%AVG in case of rising: 0.8% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.2% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
DOW BULL MARKET IS OVERThe dow bull market is over, the coming recession will cause the initial dip in the Dow which will correspond nicely with the upward lower bound trend and fibonacci retracement of around 22000. Then I'd expect a lower target of around the 50% retracement level of 16000 which will be at the height of the next US recession.
High Probability Intraday Setup for DJI MINI FUTURESThe following are trades setup ideas in 15 mins chart for DJI MINI FUTURES
There are 2 distinctive dotted lines labeled as (provided by www.decisivealpha.com)
1. AI's Intraday Resistance
2. AI's Intraday Support
These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short.
Long Setup
If price action closed above the AI's Intraday Resistance Line
AND demonstrate bullish sentiment strength by closing above the Pivot Point R1 line, the idea is to long and take profit at Pivot Point R2/R3 price region.
Depending on trader's positioning sizing, partial profit could be taken at Pivot Point R2. The remaining position could be utilized to ride the intraday bull sentiment should it continues to approach Pivot Point R3 profit target.
Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow.
This is highly recommended to trade during Europe and US market hours for liquidity and volume for this product.
www.decisivealpha.com
ym dow jones industrial average , sell trade 1.Price did come to important resistance level.
2.Price did break major trendline
3.Price did break short term trendline
4.Price create pulback to 61.8 - 78.6% fibo retracements , 3rd wawe of eliot start
5.Price close 2 times below the pivot, 2 red large candles.
Possible targets half 38.2% and 50% fib levels .
Good luck! :-)
Market recession?There have been many talks about a recession, every youtube/facebook guru and their mom was talking about it, and although the market crashed late last year it was quite uneventful to the average individual. And we got quite a bull run afterward however, I believe the actual recession hasn't hit yet. on the 22nd of March, the 10-year U.S bond yield curve became equal to the 3-month curve. This shows a strong sentiment within investors, it shows a lack of confidence in economic prosperity within the years to come.
the chart shows a loss in momentum and the downward curve of my macd indicator confirms it. conversely, this could be a flat pattern forming and waiting for a next impulse upwards. but I wouldn't hold my breath.
I believe a second crash is imminent, my analysis is price based and not bound to time, this may take years or days to play out.
set ups*
be on the lookout for a strengthening yen and safe-haven assets like gold.
commodity (oil) correlated assets like cad MIGHT weaken, this will play out with my analysis on UCAD.
Dow Jones (US30) AnalysisThe chart pretty much explains it all. I've slid over the Fib Retracement so that you can see the numbers better (FIB drawn from 24DEC18 candle to current candle). I believe we will retrace to the 0.236 Fib level, which is 25162 or close to it. I also believe it will turn around at the R1 Pivot Point. This being said, my stance on the Dow will be neutral i.e. Range-Bound (down and up in a sideways channel). Surprised to see my stance is not "short"? Here is why: Right now, it can go either way. We are only in February, and we have a long way to go until the end of the year. We are only roughly 600 points from record, all time highs. In the short term, I believe we will stay range-bound, with emphasis going to the Short direction. The Fed's decision to slow/halt interest rate hikes have given us a boost. We have also gotten a boost on news of a China trade deal. Any change in these decisions can send the market wildly into a downward spiral (possibly a crash?). The VIX is currently at around 13, so the market volatility has calmed down drastically from its recent highs in the mid 20's. I also believe this will be a factor in the market staying range-bound due to low volatility. Let me know what you guys think, and what trades you are doing with the Dow! Hope this helps.
Happy Trading,
Zak
Dow Jones potential bearish reversal from 24800/25100 levels!The Dow Jones wave structure and price action remains unchanged for now. The spot rate is seen at 24500/600 levels at this point and there may be one more push higher into fibonacci 0.786 resistance at 25100 levels before the indice turns bearish again. Please also note that the resistance trend line since 26950 levels is also passing through very close to 25000, and hence a bearish reversal could be expected at the confluence. Looking at the larger wave structure, the Dow Jones had dropped 5 waves from 26950 to 24100 levels earlier labelled as Wave (1) here. What followed can be constructed as a flat that terminated at 26000 levels, labelled as Wave (2). The drop from 26000 to 21800 levels is being seen as Wave i of (3) for now and the subsequent rally from 21800 to 24860 levels could be Wave ii of (3). If this count holds, prices should remain below 26000 levels and a 3rd of 3rd wave should be underway. Ideally this wave should be the most powerful bearish leg.
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.
DOW JONES THE ULTIMATE BONESYM1! looks like it has plenty of fuel left in its TANK.
DOW JONES
Untested levels lie above and below
You can have pending orders in either direction
With this information, do what you will
But always remember execution is everything
Pretty charts don't equal profits, so always remember to take proper risk adjusted setups
:)
Dow Jones incoming meltdown!?! Will we repeat 2007-2008?Welcome to my new analysis!
The chart above illustrates my personal opinion on the Dow Jones.
As we can see on the chart above we have a pattern playing out
right in front of us. Dates and times don't lie and i can see how this
will play out very similar to the 2007-2008 financial crash. Its time
to go short or get out of the stock market all together as i see there being a
a MASSIVE correction/sell off right around the corner
Thanks, LiquidMEX
DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
DOW JONES - This Trend Is Not Done - With AnalysisThis is an update on my previous DOW idea with analysis, I thought I would elaborate after reading some funny comments on the previous DOW chart which is fair enough.
So the reason for my forecast is that I believe we are in a long term corrective pattern, an expanded zig zag which started in 1987.
So we have completed more than 50% percent of this pattern as labelled on the chart and we are heading into Wave iii of 3 of Wave C which is the strongest portion of the wave.
It's not easy to predict exactly how long it will take to complete Wave C so a time relationship with Wave A is used estimate the target.
When looking at the DOW waves objectively this is the only possible conclusion which makes sense according to MY version of wave theory.
Elliott Wave is flawed so I am not using it solely in any of my analysis.
Feel free to add more funny comments they are quite entertaining. Thank you and Happy New Year!
FREE FALL DOW JONES - LONG TERM BEAR -The red cloud means sell setups and green cloud means buy setups. We are sitting at 240 sell setups VS 100 buy setups, meaning bears are winning. Fundamentally, government shutdown might also cause the market to dumb.
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