Thread by @MysteryTrader99

Top bollinger V-bottomed on $INDU #Dow ... Put your seat belts on, equities about to rip... (Yet another confirmation signal $USDJPY about to run as well)

#Dow Daily: First Posted back in April 🤓 . Took longer than other indices but finally breaking out to ATHs. Updated chart with long term TLs, and although we have decent amount of room to run, #Dowjones is approaching a hard limit soon. #Markets #economy #stocks #SPX

#Dow Daily: $DOW backtested 13MA and bounced aggressively. Upper BB shape indicating strong push upwards to new ATH. Stoichs indicating one more pulse before a deeper pullback #Dowjones is approaching final high soon (purple). #Markets #economy #stocks #SPX

#Dow Daily: $DOW one more push to ATH as I stated, but failed to reach purpleTL. This is a perfect textbook example of a shooting star final blow off top. Rising lower BB indicates a 50MA backtest but most likely not 200MA test. #Dowjones #Markets #economy #stocks #SPX

#Dow Daily: $DOW healthy consolidation, based on tech weakness & financials buying, looks healthy sector rotation. #Dowjones Stoichs triple ascending valleys is common bull market pattern. 3rd peak just completed w/ sell signal (red), now 50MA bounce expected into Rising lower BB

#Dow Daily: $DOW hit my green target just 1 day later 😅 . Was not expecting it to get there this fast but nonetheless its resting on 50MA. If lower BB reverses sharply tomorrow, deeper pullback could ensue. #Dowjones relatively stronger than other indexes so only time will tell

#Dow Daily: $DOW Dow continued lower after my midday post yesterday forcing lower sharply reverse. The trend continued today. Although $SPX has hit 200MA, #Dowjones has more room to fall (Stoichs still not in oversold region yet). 25,000 most likely ST floor for consolidation

#Dow Daily 2nd update: Well that escalated quickly 😅... $DOW has officially hit the 200MA target & bounced. What happens here is key. #Dowjones. As I have been saying, do not try to catch a falling knife. There will be 2-3 test of this bottom. Be patient!

#Dow Daily: $DOW is clearly being supported by Lower BB. 200MA must be able to stand on its own without added support of Lower BB. #Dowjones will retest 200MA again in its own at least 1-2 more times before any meaningful upside can happen 📈. Resist FOMO, Be Patient!! 🤓

#Dow Daily: $DOW about to attempt it's 2nd 200MA test soon. Inverted hammer today indicating more possible downside to 200MA, 13/50MA cross also ST bearish. Next 200M test is the key one as it will no longer have support of lower BB so it must hold (highly likely). Be patient 🤓

#Dow Daily: $DOW behaving exactly as forecasted on Friday. #Dowjones looking to retest 200MA again as support (this time without lower BB support). Stoichs performing double dip, next dip into oversold territory should hold. Let the washout happen, Be Patient! 🤓

#Dow Daily: $DOW hit the 200MA and have a massive capitulation bottom. This looks like it's going to hold, #Dowjones 200MA is always the most important of all the indices , now you see why. 🤓👍👌

#Dow Daily: $DOW it's official, 200MA failed... Much deeper correction could be on its way. Next major support for Dow is 23,800 (Purple TL). That has to hold otherwise we will start entering bear market territory. If 13MA cross 200MA, major warning sign. #Dowjones

#Dow Daily: $DOW 200MA backtest rejected. This does not include the after hours crash either after close. #Dowjones could chase lower BB down the purple... Not looking like this is over yet...

#Dow Daily: $DOW filled yesterday's gap open today. Sure looks like #Dowjones still chasing Lower BB to Purple target. MACD/Stoichs are getting close to their oversold region though. Whether or not it can reach purple TL before those bottom out yet to be determined 🤔

#Dow Daily: $DOW Stoichs double dip confirmed ST bottom is now in. #Dowjones following 2008 % script perfectly (view my pinned chart of month). Next wave should be 7.8% rally (red circle). If it tops here and rolls over, High probability bear market is here #economy #markets

#Dow Daily: $DOW 2007 top script playing out to a T. 7.8% wave 2 rally (red zone) is the potential reversal zone. IF it reverses here, a very serious potential case can be made the big bad Bear is here... #economy #markets

#Dow Daily: $DOW still heading for red circle like a tractor beam. Red = 2007 7.8% rally zone. Will such a sharply falling Upper BB it will reverse downward once it gets there. #economy #markets

#Dow Daily: $DOW almost at final red target circle, but sharply falling Upper BB should force sharp reversal (keep eye out for shooting star or spinning too narrow doji for potential reversal signal) #economy #markets #stocks #trading

#Dow Daily: $DOW Hole-In-One ⛳️🏌

Upper BB has V-bounced so there could still be a bit more upside. Keep eye on ~26,100 for potential reversal

For a more technical explanation, view the video below 😜😂

Link:

#economy #markets #stocks #trading

#Dow Daily: $DOW

2007 10.4% Dip Target = 24,148 ✅
2007 7.8% Rally target = 26,033 ✅
2007 -3.0% lower high = 26,142 ✅

Stoichs peaking, MACD centerline reversal next. Shooting star doji. So far potential new Bear Market identical to 2007🤔
#economy #markets #stocks #trading

#Dow Daily: $DOW

Verbatim to 2007... Just saying....

#economy #markets #stocks #trading #Dowjones #Dow30