22 December, 2018
Thanks for visiting the site.
^DJI Dow Jones Industrial Average Index Daily Chart
Buy Low Sell High
Equal to Buy Support Sell Resistance
Market has topping since October. See chart, is it ‘October Effect’ myth about stock market crashes?
Well this is an observation.
See chart, the Dow Index has retest the high twice just in 2018 alone. Only a few days left. It is hard for the price to pullback and retest the same high for the third time. But, but anything can happen, so trade with your eyes open.
The stock markets around the world have reacted dramatically as you can imagine. The market has been ‘crashing’.
The Dow Jones was up nearly 500 points, but fail to hold up. On the contradictory the Dow Jones Index has been on a decline since then.
Few days ago we suggest you to watch your trade and trade with your eyes open. As we worry the down move will continue, and the price action will breakout below 24000 level. And this happen. Hope you will safe so far.
Now the price action has close below 23,400 level.
See the clock, the wave direction. It is between 5 and 6 o’clock direction.
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
See chart, this is the updated Fibonacci Extension chart. The price action not just close below the swing low level. It has reach the 127%.
Add MACD indicator, see chart. There is a +ve divergence. The price goes lower, but MACD Histogram goes higher low.
Study the support resistance, you could see the price action is now at support zone. Can the support zone hold the down movement? Will see.
Moses US Stock Chart Analysis
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.