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Dowtrend

Dow Jones... Not looking very good.Seems to be flirting with the top of the previous channel. If that breaks, I feel like we could see 24,300-24,500 and if that breaks then 23,500. Everything here screams to buy some here but honestly, at the rate this is going, it might be better to hold off. Coronavirus fears are real and I feel we will start to see some sign of recovery if these things happen: 1) Cases decrease (Seems to be working in China but they could be lying) 2) Countries get their act together and prevent spread (CDC already declares that this will become a pandemic... so I am not sure if it is already priced in. Governments have also shown to be extremely slow in acting or just being efficient) 3) The global supply chain gets in order. I don't think there is too much of a demand problem as it is a supply issue. Best of luck.
TVC:DJI
by AfuOptions
1
Dow: 100 MA Crosses under 200 MADow broke out trendlines to the upside yesterday and also closed above its 100 MA and 200 MA for three days but its 100 MA crossed below 200 MA the first time since 2015 with a divergence of RSI on the daily chart. The Dow's 100 MA/200 MA crossing down could mean a lot from a long term perspective and we might see what would follow soon. Dow gaps up opening today and now shows lower lows and lower highs on its 15 Min chart. It seems it might be a turning point date today and we will know it for sure after the closing bell.
DJ:DJIShort
by dragonus
January pulled us back from the edge - but didn't save us.The stage has now been set. We are still missing some of our actors. Yet, the show must go on. 26951 - Ceiling for 2019 21712 - Floor for 2019 That is ALOT OF CONSOLIDATION. From 2010 to the end of 2017 the average monthly range (High to Low) was between 700 - 1000 points a month for the Dow. December 2018 did 4267 points January 2019 did 2471 points February will have a spread in the neighborhood of 1800 points. I going to give Feb +/- 900 from open on 2/1 I will make an ass out of myself and assume we see no higher than 25900 and no lower than 24100 as we start to settle the market back down from the final quarter of 2018. Part of this "calm" will come from the Fed demonstrating "Patience" regarding rates. But we aren't out of the woods yet. As a matter of fact, we still have some wolves circling us that would like to see DOW 18000. So, be cautious out there and have a safe February. Also...as a side note...for those who do read/follow. As you know, I don't spam you with uneventful trash, so basically not hearing from me for a couple of weeks is nothing new. I am travelling from mid Feb into mid March. I am not sure how my internet connection will be at the end of February, so this type of post maybe delayed. I apologize in advance.
DJ:DJI
by priceprophet
GBP/SGD SHORTThe Great British pound vs Singapore dollar currency pair is in a massive downtrend on the higher (daily and weekly) timeframes, and it is forming a symmetrical (isometric) triangle on the lower timeframes. Now it is important to note that there is going to be a lot of noise on the pound pairs for the coming weeks due to ongoing Brexit woes, but sell orders on this pair are a much safer bet considering the lack of confidence in what Theresa May can deliver to the British people. This symmetrical triangle is a signal for selling this market since the higher timeframes show a downtrend. As always, wait for a breakout before doing anything you will regret.
Short
by munyaelliott
About BTC dowtrend Btc in 2018 has obviously been in a drowntrend. Whats interesting about the price behaviour, is that in every countertrend movement, it seeks suport arround 6100, 6000 or 5800 usd and retraces to 0.618, literally everytime. With that in mind, i expect that the next upwards move (Counter trend movement) will go as far as 6800 and than bounce back seeking the support level indicated or even deeper lows. Remember that a 0.618 trend countermovent indicates a fragile trend. Thats all for today lads, i hope a gave you all a price objetive for the next up move.
Long
by vitorsoaresvieira99
Tron - So what's next ? TrippleBottom or CupAndHandleHi friends! Here is a quick update analysis on Tron! From my previous charts, we've determined the climb and the subsequent drop. So what is next ? It's look like on the 3H chart is formed cup and handle. The worst scenario of this can be a breakout under support level. If the support hold the sellers - we will be witnesses of a triple bottom. And the price will start growing. This information is for educational purposes only.
BITFINEX:TRXUSD
by georgievviktor77