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DJIA : Head & Shoulder Pattern ( Very Bearish )A very bearish n very result oriented Head & Shoulder Pattern is in formation. When DJIA closes below /breakdown neckline 42200 with high volume. Then DJIA will be heading towards 40000. After downtrend with minor pullbacks it will be heading to 40000. It means A long term downtrend has been started for quite a long time. All above assumption will be negated when DJIA closes above 44400, then a very big upward move will be seen. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
TVC:DJIShort
by maneeshaggarwal
DJIA futuresIf DJIA futures hold the zone marked........ expect a 3000 RALLY very very soon. It takes a Lot of Guts to come out and say all this especially when Each one of you is in a NEGATIVE SENTIMENT MOOD. You have to believe what the Chart is Telling you and NOT what you want to make yourself Believe. These are NO FLUKE Markings ... they are based on Serious Calculations. I have watched SOME PROS give a lot of GYAAN here regarding levels etc. What was given on Friday has been VIOLATED today and all these GYAANI PURUSH are quiet. I have the GUTS to OWN UP and say I WAS WRONG.... So far I have held GOOD
CBOT_MINI:MYM1!
by deepgups
US markets taking a pause?The price action formation on the SPX seems to be indicating that the market in the US could be taking a pause for now. Price had pulled back from all time highs recently, but now is seeing rejection from the 20EMA. If this trend continues we could see price correcting to the longer term trendline and then the 200EMA on the daily chart. A short position can be initiated keeping the following levels in mind. SHORT BELOW : 4346 STOP LOSS : 4420 TARGET 1 : 4272 TARGET 2 : 4198 _____________________________________________________________________________________________________________________________________________________ A similar formation is also evident on DJIA, indicating that this could be a market wide pause, something which could lead to a short term correction. If this scenario sustains, we could see this bearishness spill over to the Indian markets as well. _____________________________________________________________________________________________________________________________________________________ Manage risk properly and trade you plan. Like and follow for more. :)
TVC:SPXShort
by Tradeception_
Winter is Coming & Bears are here to Stay ! Acrophobia - Fear of Heights and a fall from the highest level can be dreadful. That's what we are looking in BankNifty, though Nifty & Gold has fallen a bit, here we are still at 20k's at the top almost forming a Double top. Whether this Double top will fail or work - we are unsure about that. This post is insync with our recent post about Nifty & Gold, remember they also show bearish signs. This 5-wave will get truncated, thats why the double top signal is slowly forming on weekly chart ? If that happens we can see 6000 points move to the south, hugging & roaring with bears. This isn't exact trade setup, its our analysis based on the technical tools we have & how the global outlook is. Has anyone checked on US Bank Index, its up almost 20% in last 3 months, Yeah you read it right 3 months. When was the last time US bank index where at current levels - 2008 , before the recession time & big fall. With Trump victory all are suggesting its good for US Banks & Pharma, but when you have 20% rise without any correction isn't something real fishy ? I can explain why the rise & what's fishy but it will take more lengthier post, so lets keep it crisp. Trump is good for US corporates only & its nativism, not good for US or world economy. We can't comment on his nativism but his economic/tax policies aren't good. So, the US economy & Markets also waiting for the fall. In 2015, BankNifty fell down 7000 points & in 2016 we rose up 7000 points, A whooping 14000 points movement. With this double top, another 7k points down ? Crazy thought..but we will love that if history repeats itself. In DJIA also bearish harmonic pattern ( courtesy : Nirav ), So where-ever we look we see bearish signs - Nifty, BankNifty, Gold, US Bank Index & DJIA... We don't know whether these will go as planned or not,but All I can see - " Winter is Coming & Bears are here to Stay ! " If you find any other Bearish signs feel free to post it below in comments...charts also welcome, Lets Discuss...! " Winter is Coming & Bears are here to Stay ! " InsiderB
NSE:BANKNIFTYShort
by InsiderB
24
Dowjones going towards 36078The resent pattern formation of Dowjones looks to be making a Flag formation and a rising flag. I am of belief that this will make 3-3-3-3-3 zig zag movements in this flag. 3 days ago, if Dowjones have not closed above the bottom trendline, then i would have thought of this as a diverging broadening pattern. But closing above the bottom trendline comfortably is the confirmation that this is a FLAG pattern and that DJIA can move upto 36078 before gain falling to meet to lower trendline. Traders, should wait for a dip of 300-500 points and then go for long to meet 36078.
TVC:DJILong
by krishnadevathi