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Djiaprediction

Dow Jones Wave iv finally in place at 23675 levels ?The Dow Jones managed to rally and close higher yesterday, making intraday highs at 23675 levels. It seems that the corrective rally (3 waves) that began from 21800 levels earlier might have terminated at 23675 levels, just ahead of 24000 as discussed earlier. We could still label this lower top as a potential Wave iv termination, and until prices remain below 24000 levels, a sharp 5 waves decline can be expected. It could either be an impulse drop or an ending diagonal but the termination point could be at least below 21800 levels going forward. The higher degree wave structure also remains intact for now with Waves (1) and (2) in place at 24122 and 26000 levels respectively and Wave (3) into progress now. If the above structure holds true, we could see fresh lows below 21800 levels. 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.
DJ:DJIShort
by FXTM
1
Dow Jones still carving Wave iv, within Wave (3) lowerThe Dow Jones is seen carving out Wave iv at a lower degree with Wave (3) as labelled on the daily chart view here. Believe it or not, the rally on Friday which saw Dow Jones closing on a higher note at 23430 levels, should not be considered as a change in trend. It could still be carving out a wave iv, as a potential zigzag and resume lower anytime soon. If the above structure should hold, prices should ideally stay below the 24000 mark (please note wave iv ideally stays away from wave i termination) and resume lower towards 21800 levels. Please also note that the 38% fibonacci retracement of the entire drop between 26000 through 21800 levels is also passing through 23400 levels, which could be potential termination of wave iv. Overall bearish bias remains until prices stay below 24000 levels. 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.
DJ:DJIShort
by FXTM
Dow Jones Wave (3) still in progress below 21400?The Dow Jones produced an intraday rally towards 23327 levels yesterday but it still remains vulnerable to turn lower one more time and print below 21400 levels. Looking at the wave counts, the Dow Jones seems to have completed Waves (1) and (2) at 24120 and 26000 levels respectively. Since then Wave (3) has been in progress lower and has produced 4 waves. The 4th wave might have terminated at 23381 levels last week and if this holds true, we could witness wave v lower towards 21000 levels, to complete a higher degree Wave (3). Also please note that if the above structure should hold valid, prices should remain below 24000 levels, which is wave i termination point as presented on the chart view here. Overall bearish momentum should remain until prices stay below 24000 levels. 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.
DJ:DJIShort
by FXTM
Dow Jones ready to drop below 21400 levels now?The Dow Jones is progressing well into its Wave (3) at a higher degree as labelled here. Within the 3rd wave, a lower degree wave iv was unfolding last week and we had discussed the possibility of its termination around 23200/300 levels. Last Friday, Dow Jones managed to hit 23365 levels intraday and closed around 23000 levels as seen on the chart displayed here. It could be a potential wave iv termination and prices could resume lower from here below 21400 levels. If the above structure holds true, prices should remain below 23370 levels and bears in control from here on. Once Wave (3) is terminated lower, it would be interesting to see if Dow Jones turns higher again. At least for now, the bearish pressure remains against 24000 levels. 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.
DJ:DJIShort
by FXTM
DJI setting up for bears takeoverDJI had a lovely 5% rally today but as you can see from our 4 hour chart it has been respecting a very strong trend line it has been using as resistance, price is coming up to test this level again and we are expecting another clear bounce. We can also see another economic crash coming in the not to far future, all signs are pointing toward this. All entry TP and SL are reserved for our clients, if you would like to join our team on a 2 week FREE trial then send us a message.
FOREXCOM:US30
by Stocks_And_Forex_Mafia
$TVIX to hit $99.38, with trials to break $100.27In next 60 days, as $DJI continues to dramatically falls, among other market indices (e.g. oil most likely to hit below $40), thereby high-market caps (e.g., $MSFT, $AAPL, $AMZN) to settle down to new lower valuations, most likely all to hit below $600B, or even lower as it all used to hold on <$500B, thereupon $TVIX becomes a safe bet to break up its old adjusted supports and it is possible to reach to its $115 support. Please feel free to comment, Happy Holidays, and trade safe!
TLong
by aicody
5
Dow Jones Industrial Average SHorting.....Mark Douglas on Chart Patterns: We can use all the various tools to analyze the market’s behavior and find the patterns that represent the best edges, and from an analytical perspective, these patterns can appear to be precisely the same in every respect, both mathematically and visually. But, if the consistency of the group of traders who are creating the pattern “now” is different by even one person from the group that created the pattern in the past, then the outcome of the current pattern has the potential to be different from the past pattern.It takes only one trader, somewhere in the world, with a different belief about the future to change the outcome of any particular market pattern and negate the edge that pattern represents. The most fundamental characteristic of the market’s behavior is that each “now moment” market situation, each “now moment” behavior pattern, and each “now moment” edge is always a unique occurrence with its own outcome, independent of all others. Uniqueness implies that anything can happen, either what we know (expect or anticipate), or what we don’t know (or can’t know, unless we had extraordinary perceptual abilities). A constant flow of both known and unknown variables creates a probabilistic environment where we don’t know for certain what will happen next. This last statement may seem quite logical. Why Most Demo Trades result is very much better than "real" money?!"...To be a Consistently Profitable Professional Trader you need to acquire a psychology skill called "Trading without Fear" a carefree state of mind in trading.. In The Zone/In the flow state of mind ..."Mark Douglas :Trading In The Zone : Professionals don't perceive anything about the market as painful; therefore, no threat exists for them. If there's no threat, there's nothing to defend against. As a result, there isn't any reason for their conscious or subconscious defense mechanism to kick in. That's why professionals can see and do things that mystify everyone else. They're in "THE FLOW", because they're perceiving an endless stream of opportunities, and when they're "NOT IN THE FLOW". the very best of the best can recognize that fact and the compensate by either "SCALING BACK" or "NOT TRADING AT ALL"...
DJ:DJIShort
by SteveTan
1
distribution on Weekly chartAll I have to say is. R.I.P US economy. I don't care about the fundamentals only that the effects of the fundamentals are forecasted into price. Price tells mee all I need to know about the fundamentals and I don't even need to look at the news to tell you that we're in for a rough time. Look so very like Wyckoff distribution on the weekly. 6monthly chart looks like a super bearish inverted hammer and tweezer top (albet 2 more months to go on this current candle) 1 monthly chart again showing me signs of a weakening trend, simple bearish divergences on all 3 of my oscillators, RSI, fast and slow all in tandem, stars are aligning. 2W, Weekly again all are looking weak. Technically, we're still considered to be "bullish" since the bullish market structure is not yet invalidated (recent swing low has remained intact). But what's worrying for the bulls is that on the weekly and 2W chart RSI has failed just below 70 (the upper limit of bullish territory, from what I've seen RSI divergence SFPs forming between 60-70 is bloody terrifying.) is scaring me. On the monthly chart, the fast oscillator just failed at the 0 line, that's very scary again. Technically we're not bearish yet, but unless I see otherwise, I'm going to be a contrarian and say we're bearish. feel free to open up the indicators to see what I'm talking about. targets marked on the chart.
DJ:DJIShort
by EnZo
1
DOW JONES DJI - FINANCIAL RESET - THIS IS HOW IT STARTSIn recent weeks, October 10-11 to be exact we have observed an over 1200 point drop as interest rates have risen. Do you think it was just an accident? Well many will tell you YES, it's just a short term downtrend, but what did many 'analysts' say? They said that this is a 'short' term correction. What is our 'key phrase' here? 'Short' term. When it comes to crypto, yes there can be short term correction, however not in stock market. There is nothing 'short' term about a few month correction and that is what no one is talking about. Did you notice how on same day that stocks started major decline we had so called analysts coming out and saying that economy is strong, it will recover, we will see 40k dow jones soon, it's temporary, and then we had Trump administration come out and say that 'Our Economy Is Strong' and calling Feds 'Crazy'. Now please keep in mind that we are not talking politics or anything of that nature here, just looking at facts and some so called 'Fake News' that we had come out from known media sources telling us that everything was just fine! Does that remind you of 2008 crisis and 2007 on how it started back then? Well it does doesn't it? What's different about this 'correction'? What's different about this 'correction' is the fact that this is NO regular correction, but a start of a FINANCIAL RESET and movement to ONE GLOBAL FINANCIAL SYSTEM. Back in 2017, during a press conference with Japanese prime minister Trump noted that devaluation of US dollar is a terrible thing, but that a 'LEVEL PLAYING FIELD' is being created and will be here much faster than we think. In recent days another interesting thing that came out in the news is that Trump Administration has been in constant contact with a crypto currency company called Ripple Labs that have developed fast payment solution which solves world liquidity issue. Do keep in mind that I am not inferring that this is what will be used as global currency or ANYTHING related for that matter. Simply pointing out that there is A LOT happening behind the scenes. With that said I would also like to point out that Federal Reserve has been very busy as well behind the scenes with their Faster Payments Task Force that was created in recent years with a task in mind of transforming current financial system by 2020 All you have to do here is connect the dots . . . How do you convince people that one world currency or level playing field is what's needed? Easy, you create, what seems to be a financial crash which in turn makes people and investors 'untrustworthy' towards their country's financial system. As financial crash is happening, suddenly government and different organization come out and tell us that 'WAIT, guess what? We have just the solution you have been looking for!" that's when the 'levels playing field' comes out. I do not want to speculate too much on what it may be but what I will say is that it will result in greater control by government over our finances, in what way it will be done, I am not yet sure, but I do have few guesses which I will not discuss just yet. Conclusion What should you do? Well, since I am not your financial advisor, I am not going to give you a direct answer but I will say what I am doing. I am minimizing amount of cash that I am holding in my banks and moving it into other assets. The bells are ringing
DJ:DJIShort
by CryptoManiac101
7