Faithful — Trading Ideas on TradingView

NASDAQ MARKET ON VACATION GOOD DAY GREAT TRADERS ONCE MORE IT IS WITH MY GREATEST DELIGHT TO SERVE YOU WITH INFORMATION TODAY THIS is my Nasdaq grocery list as follows: Weekly we bearish creating Lower lows and lower highs Daily we are at a major support area in which the market has stalled at 4hr the momentum is neither bullish or bearish last 24hrs 1hr we haven't created any new highs or broken trendlines Which brings to conclusion the market is ranging currently till we get a break of range creating new lows or highs i will be on vacation waiting for the market to break cause remember take a trade where there's no trend then what liquidity will be unpredictable leaving you vulnerable best thing to do is let it break the range then consider trades for now i will be reading a forex related book reviewing my trades for the week getting my mental attitude better Till we meet again God Bless Great traders

My guess Your guess is as good as mine. *cough* Ethereum sub 100 dollars Cought btc sub 3k *cough* ...

DOW JONES INDUSTRIALS: DOWI A Faithful Friend to Traders Dow Jones Industrials: Easier than Nasdaq to Trade It looks like a lazy continuation pattern is forming back to 22393 before a good rally sets in again. This pattern will only change on any successful breach of either of the small parallels - to upside follow on successul break of upper parallel for another test of the larger parallel above.And if the lower small lower parallel is sucessfully breached on the downside it will seek support off the blue support line at 22995 - just much quicker than if it tracks within the flag. The 22995 level is important to the medium term for the Dow. And we can see that the entire rally between the two blue supports at 22995 and 22393 is, so far, uncontested. It would be easy pickings for bears should 22995 fail at any point. It would fall quickly 600 points (a fabulous short if we see it at any point, worth setting an alert for) to 22393 at least and quite likely to test the lower large parallel before the next rally could begin in earnest. But until we see a break of those small parallels that form the flag top, this space belongs to day-traders. The 'perfect' pattern will hold the flag fromation, zig-zagging down to 22995 on about 6th December before the great Christmas rally kicks in. Only in the event that the two parallels that form the flag are broken in the interim will volumes pick up. The three blue support lines then become the next obvious points to short from once broken. MEDIUM TERM The 22995 level is important to the medium term for the Dow. And we can see that the entire rally between the two blue supports at 22995 and 22393 is, so far, uncontested. It would be easy pickings for the bears should 22995 fail at any point. It would fall quickly 600 points (a fabulous short if we see it at any point, worth setting an alert for) to 22393 at least and quite likely to test the lower large parallel before the next rally could begin in earnest. But until we see a break of those small parallels that form the flag top, this space belongs to day-traders. LONG TERM Long term, for what it's worth, this index should rally at least 4 X from the February 2106 low and quite easily 6 times. America has never had it so good since Ronald Reagan rode into the sunset. Happy thanksgiving to the USA. Long Term Cycle Analysis: Dow and S&P 500: DOWI SPX500: Super-long-term Chart and analysis LONG TERM Over the longer term the Dow is still expected to rally at least 4 X and quite likely 6 x from the February 20016 low at 15513 over the coming 15 years.https://www.tradingview.website/chart/DJI/t9MH9rbb-Dow-and-S-P-500-DOWI-SPX500-Super-long-term-Chart-and-analysis/ Last Point: One other thing, this market is one of the best to trade, making conventional patterns, especially in continuation mode - making it muuch easier to 'read' than, say Nasdaq. Look atthe patterns - they're friendly, familiar. Are Nasdaq's? Find a friend you can trust. That would be the Dow.