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Dj30

Historical Analysis of the DIAHistorical Analysis and Monthly Chart : The DIA showing Strong Major Bull Trednd with serveral interaction with the Return Line (RL). Note the Pick in Momentum since February 2016 (or B3), the next Major bottom made above the Major Trend Line (MUT), and therfore showing the failure of the Bears to take the price downward. But, we dont see strong sign of buyers either. The DIA is inside big Consolidation that lasted for almost 2 years (since Oct 17). Weekly Chart : The Resistance Area between 265.88 - 267.53 Established in Jan 2018, the second attempt to go above that level accured 1 year ago (Sep 2018) and the reaction was very violent and took the price to far down levels. Since then the price hit the Resistance Area 3 Times : 1) April 2019 - the price got into resistance reaction and made New High Bottom. 2) June 2019 - the price go through the Resistance Area, Failed to continue, and made new higher bottom bellow that level. 3) September 2019 (these days) - the price close above the area last week, but with relatively low volume. We need to keep an eye on the price this week and look for the power of the buyers, how far they can take the price up (if any). Notice also the Volume Activity in the Consolidation Area - Pickup on down moves, and diminsh on the Rallies - weakness . Daily Chart : The Daily chart does not give us alot of new information. But we can see the Trading Zone (sort of Rectangle), and the price movement above it. The Minor picture is Bullish. Conclusion : Since B4, the overall picture looks positive. But the Key for understanding the coming moves relly on the reaction to the Resistance Area, and the examination of the Bulls Power. Any High Volume Bullish Activity above the Resistance Area, can take us again to the Return Line (RL). If we will see Second Failure on the Resistance Zone,we need to examine the power of the Beats, and the next areas to look for are the bottom of the trading zone, and B4.1. If the Bears will act Aggresivley and take the price bellow B4.1, the picture is very negative and the next level is the MUT.
AMEX:DIA
by Ido_Havazelet
Dow Jones - A good old rodeo never hurt anyone.Hi, today we are going to talk about Dow Jones and its current landscape. At Dow Jones, we have a test from the broken Uptrend, so the Bears are going to build up positions in this zone with massive financial volume, creating intense downside pressure on the price. Since the breaking of this Uptrend, it's crucial for the maintenance of the bearish movement. Remember that the asset still moving sideways, for now. So this attempt to retake the Uptrend could be only random, just a Bull Trap. Thank you for reading and leave your comments if you like.
TVC:DJI
by Igor-Silva
2
US30 - Momentum stalling reversal?OANDA:US30USD Trade Idea DOW30 - Intraday - We look to Sell a break of 27325 (stop at 27425) Price action resulted in a new all-time high at 27403. Momentum is stalling with the posting of new highs and indicates bearish divergence. Prices have reacted from 27400. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals. This has resulted in mixed signals and we prefer to trade a break. Our profit targets will be 27125 and 27000 Resistance: 27403 / 27475 / 27541 Support: 27336 / 27200 / 27125
FX:US30Short
by Signal_Centre
3
Situation DJI at end of 7.3.2019 SHORTAt end of trading day 7.3.2019 there is now really news to tell. We have established now a new short downtrend channel i have marked in purple to have a road for the next days. There is also as you can see a trend resistance channel with a deeper fall, i have marked with orange resistance line. I think in 1 of these channels we will se DJI tomorrow and than we check situation again. There is a added resistance zone also marked in orange now at 25560 we have to check to see a first sign of end of short. (Whether DJI climbs above that) But even IF, that only a sign, that NOT a new long signal.
TVC:DJIShort
by Renkotrade
Dow Futures Elliott Wave View: Reacting Higher From Blue BoxHello Traders, Dow Futures short-term Elliott wave view suggests that the rally from 6/28/2018 low cycle to 25572 high on 7/27/2018 peak ended red wave 1. The internals of that rally higher took place as an impulse structure with sub-division of 5 waves structure in each leg higher. Down from there, the index corrected the 6/28/2018 cycle in 3 swings pullback & ended red wave 2 at 25086 low. The internals of that pullback unfolded as Elliott wave Zigzag correction with the sub-division of 5-3-5 structure in black wave ((a)), ((b)), ((c)). Down from 7/27 peak, the decline to 25264 low ended black wave ((a)) in 5 waves structure. From there, the rally to 25486 high ended black wave ((b)) and the subsequent move lower to 25086 low ended black wave ((c)) of 2 in 5 waves structure. Red wave 2 ended within the 25174 – 25100 area, which is 100%-123.6% Fibonacci extension of ((a))-((b)), as indicated by the blue box. Up from 25086, the index is reacting higher in 3 swings so far and longs from blue box area should be risk-free (stop loss at break even) already. The right side tag, combined with the blue box, help to identify the right trading strategy. Near-term, as far as dips remain above 25086 low, the right side of the market remains to the upside. Expect the Index to resume the next extension higher in red wave 3. We don’t like selling it.
CBOT_MINI:YM1!Long
by Elliottwave-Forecast