Dow Jones Getting closer to a sell signal soon. February Engulfm
Now that January monthly candle has closed, I am awaiting an engulfment candle. I will place a limit order sell under the low of the green body of January at 37,775 with my target down at 21,600 with the intent of adding more on the way down. I am planning on a 37% sell off and have been a broken record on this for months because I firmly believe this is the set up. I still think there is just a small amount of upside left.
The monthly 21ema is flat = range = Sell the pops above it
Monthly Bearish Rising Wedge hitting the top of the up channel
The monthly 200sma is rising and is far away = Counter trend sell to pullback to the monthly rising 200sma.
The trend is bullish long term but the 37% sell off is a counter trend sell/ pullback in an overall bullish market.
Once it hits 21,500 area, I will be buying for the bull rally up to 44,500 for a 110% bull run
At around 2029 at the highs of 44,500, I am expecting a massive 45% sell off down to 20,000
This will be the low for the rest of my lifetime, after which I am expecting Dow Jones to start shooting for 200,000
The monthly 21ema is flat = range = Sell the pops above it
Monthly Bearish Rising Wedge hitting the top of the up channel
The monthly 200sma is rising and is far away = Counter trend sell to pullback to the monthly rising 200sma.
The trend is bullish long term but the 37% sell off is a counter trend sell/ pullback in an overall bullish market.
Once it hits 21,500 area, I will be buying for the bull rally up to 44,500 for a 110% bull run
At around 2029 at the highs of 44,500, I am expecting a massive 45% sell off down to 20,000
This will be the low for the rest of my lifetime, after which I am expecting Dow Jones to start shooting for 200,000
Nota
I am looking for an engulfment candle like this. Same sort of setup back in 2022. Even if it goes against me a bit, I am ok with that.Nota
Nota
The daily chart is still inside the bullish spike and channel and I expect it to continue with one more push up. The daily 200sma is flat and will start to roll over for the 37% sell offNota
Using measured movements and range expansions, you can see the FED today sold off at the second measured move up. I am expecting the third and final push up to the 1.75 range expansion and the price level of 39,250. Nota
My expected pullback areas in line with the declining daily 200sma and resistance zones
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.