travis18haney

Dow Jones Getting closer to a sell signal soon. February Engulfm

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travis18haney تم تحديثه   
CBOT_MINI:YM1!   عقود داو جونز 30 الاجلة E-MINI ($5)
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
تعليق:
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.

تعليق:
تعليق:
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 off

تعليق:
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.

تعليق:
My expected pullback areas in line with the declining daily 200sma and resistance zones

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