DJI
SPX 2020-2030I think similar to 2000 and 2008 we will see a great bear market where all value is destroyed and we restart anew as we try to regain control of inflation, tightening and something will break.
We will return to all time highs as we embrace AI, automation, mrna and massive growth in India / SEA.
Only to face deeper issues with global warming in parts of Brazil / India, diplomatic conflict over oil and microchips, slowing growth, depopulation and some massive financial crisis connected with (central bank) digital currencies.
I hope Tradingview will still exist next decade.
Gap Fill / 38.2% FibDo we see some relief into October? Or, do we lose the 38.2% fib retracement level ?
Fundamentally, Macro seems bad, but forward looking, DXY rolling over, Oil already rolled over... It's possible a relief rally follows before another sell off EOY.
Similar charts with Nasdaq and SPX
Tesla Dropping By 35% to 60% Max (The Laws Of Nature)TSLA lost its support last week and is looking fully bearish.
We see a 35% drop incoming in the months ahead and up to 60% RED if things get really ugly.
It won't matter to Mr. Musk as he sold at the TOP back in November (Genius).
The market cycles are part of nature and will continue to manifest themselves regardless of any one person, group of person, governments or institutions.
Market cycles can be delayed, retarded, artificially manipulated but this can only happen momentarily...
At one point, all the participants will have to go back to basics and re-learn all of Nature's Laws.
Namaste.
$DJI price in #BTC update.... More weakness likelyI have been watching this big timeframe chart for a while now.
As you can since its inception Bitcoin has been eating away value , or securing itself as in investable asset.
We had a major inflection this past cycle , with the now infamous double top #BTCUSD
we also had a double bottom against #stocks
It appears to me we need to test previous zones of "Value"
so faster deceleration of BTC against the Dow Jones
At some we will have the data and structure to reverse course.
But we are not there yet.
DJI Potential For Bullish ContinuationThe overall bias for DJI on the H4 chart is bullish. Furthermore, the price is above the Ichimoku cloud, indicating a bullish market. With the price tapping into our buy entry at 32257.13, which contains the Fibonacci lines of 23.6% and 61.8%. We've set a relatively safe stop loss at 31007.33, the intersection of the 38.2% and 50% Fibonacci lines. The take profit level will be 34106.01, which is also the location of the previous high as well as the 78.6% and 100% Fibonacci expansion lines.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bullish Continuation | 11th November 2022The overall bias for DJI on the H4 chart is bullish. Furthermore, the price is above the Ichimoku cloud, indicating a bullish market. With price tapping into our pullback buy entry level of 32135.41, as defined by the 61.8% and 50% Fibonacci lines. I've set a relatively safe stop loss at 30775.37, the point where the 38.2% and 78.6% Fibonacci lines intersect. My stop loss will be set at 34106.01, which is the previous high as well as the 100% Fibonacci line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
$DJI & Stocks surge, as expected🚨LARGEST RALLIES = BEAR MARKETS!🚨
We called the bottom, AGAIN, in $DJI #stocks
Up 28% from bottom!
Not long ago we said $NDX would play catch up, IT IS!
$SPX too!
See next few charts!!!!!!!!!!!!!!!!!!!!!
Fits narrative PERFECTLY!
NO ONE's CALLING IT ALMOST TO the T
$DIA $QQQ $SPY
DJI Potential For Bullish ContinuationOn the H4 chart, the overall bias for DJI is bullish. Furthermore, the price is above the Ichimoku cloud, indicating that the market is bullish. Looking for a pullback buy entry at 32257.13, which contains the 23.6% and 61.8% Fibonacci lines. We've set a relatively safe stop loss at 31007.33, which is where the 38.2% and 50% Fibonacci lines intersect. The take profit level will be 34106.01, which is where the previous high as well as the 78.6% and 100% Fibonacci expansion lines are located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bullish Continuation | 10th November 2022On the H4 chart, the overall bias for DJI is bullish. Furthermore, the price is above the Ichimoku cloud, indicating that the market is bullish. Our pullback buy entry level of 32135.41, marked by the 61.8% and 50% Fibonacci lines, has been reached. I've set a relatively safe stop loss at 30775.37, the intersection of the 38.2% and 78.6% Fibonacci lines. My stop loss will be set at 34106.01 where the previous high and the 100% Fibonacci line are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI- Near Resistance1. Youda_Potential, Fortune_TD, Fortune Banker trend, Fortune Crown stage:
Analysis on weekly chart
Youda Potential shows the midterm (brown line) is going downward, this is the potential resistance
Analysis on daily chart
Since the index potential be supported as shown in weekly chart, change the timeframe to daily chart for potential bottom catch opportunity.
Youda Potential shows the index hit the red color band, this is potential resistance her. Short term rebound should be stopped
Based on other indicator, predict the trend is changed from rebound to sideway, so a pull back/retrace might happen
2. Potential opportunity:
Shall wait the pull back at support, if the trend form second lower point on daily chart, that will be a good opportunity
Disclaimer : no recommendation of buy/sell, purely for TA learning and sharing.
DOW JONES Critical level separating the Bull from Bear Market!It hasn't been more than a month ago (October 10) when we first posted the 1D MA300 (yellow trend-line) as our long-term target for Dow Jones (DJI):
The index came just a few points below it and so far we see a minor pull-back and consolidation, attributed both to profit taking as well as risk aversion before the important CPI report on Thursday.
As mentioned on the previous analysis, the range Dow is currently in is the technical Rejection Zone that has formed all previous Lower Highs of the 2022 Bear Cycle Megaphone pattern, all of which initiated massive selling legs to new Lower Lows. Even though the 4H MA50 (blue trend-line) is the current short-term Support, typically breaking below the 4H MA200 (orange trend-line) confirms the downtrend. Another strong confirmation of the bearish legs is when the MACD on the 1D time-frame makes a Bearish Cross.
The 1D MA300 (yellow trend-line) is practically what separates the Bull from the Bear Cycle. It is no surprise that since the August 16 Lower High, the 1D MA300 is trading parallel to the top (Lower Highs trend-line) of the 2022 Bearish Megaphone. A closing above it effectively confirms the shift to a long-term bullish trend with first target 34300 (August 16 High) and second the 35550 (April 21 High).
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DJI Potential for Bullish Continuation | 9th November 2022The overall bias for DJI on the H4 chart is bullish . In addition, price is above the Ichimoku cloud , indicating a bullish market. Price has reached our pullback buy entry level of 32135.41, which is marked by the 61.8% and 50% Fibonacci lines. I've set a relatively safe stop loss at 30775.37, which is where the 38.2% and 78.6% Fibonacci lines intersect. My take profit will be set at 34106. 01 , which is the previous high and the 100% Fibonacci line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI Potential For Bullish ContinuationThe overall bias for DJI on the H4 chart is bullish. In addition, price is above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 32257.13, where the 23.6% and 61.8% Fibonacci lines are located. We have a relatively safe stop loss set at 31007.33, where the 38.2% and 50% Fibonacci lines are located. Take profit will be set at 34106.01, where the previous high and -27/2% Fibonacci expansion line is located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bullish Continuation | 9th November 2022The overall bias for DJI on the H4 chart is bullish. In addition, price is above the Ichimoku cloud, indicating a bullish market. Price has reached our pullback buy entry level of 32135.41, which is marked by the 61.8% and 50% Fibonacci lines. I've set a relatively safe stop loss at 30775.37, which is where the 38.2% and 78.6% Fibonacci lines intersect. My take profit will be set at 34106. 01, which is the previous high and the 100% Fibonacci line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
The dow jones index, will history repeat itself?DJI / 1D
Hello traders, welcome back to another market breakdown.
The Dow Jones Index (US30) has been making lower lows, lower highs this year. The price is trend around the trend line now which might suggests a strong sell off in November 10 as the CPI numbers will come out.
I'll be looking for a short position in lower time frame, the risk and reward is good considering the macro right now as the Fed has clearly showen us that they are not slowing down until core inflation comes down.
Checkout the chart for where I'll be looking to short.
Trade sade,
Trader Leo.