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Djia

DOW JONES Recurring bullish pattern on the 1W time-frame?The Channel Up since June has fairly the same basic structure (even though more aggressive) than the one from March to September 2019, which led to the pre-COVID All Time High. That pattern ended with a Lower High than created a Triangle, which eventually broke to the upside to the ATH. Dow Jones made that Lower High last week. See also how the RSI consolidated during both Channels. The index has already defended the 1W MA50 (blue trend-line) with a perfect bounce last month. Is this Triangle ready to break to new Highs next month? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
OANDA:US30USD
by TradingShot
1
US Presidential Election Year Pattern 04-08-12-16Did anyone notice that the Covid19 Crash of 2020 fell to the level where Trump was elected back in November 2016? I thought it would be interesting to use the "bars pattern" tool to copy the US Presidential Election Year price action of the $DJI Dow Jones Industrials and paste it to the end of 2019 to see how we are doing compared to the last 4 elections. I'll add some more after I publish this. I hope you can find patterns in price action to help you find insights into market opportunities. Every day I am searching for ideas in the Key Hidden Levels Chat room and posting them as I see them. Tim 11:30AM EST 10/20/20
DJ:DJI
by timwest
24
ridethepig | Buyers in Difficulty📌 A timely update to the S&P weekly chart, where we can see clearly sellers are provoking the breakdown into some sort of waterfall. All Global Equity charts look very similar with the traditional struggle between the defending fast money crowd and the more MT and LT sharks who are aware that the momentum is stalling and are itching to load at cheaper levels. What is becoming clearer by the day is that Fed has blown a bubble which is exposed to a second round of lockdowns and a contested election will prevent any from hanging on. Here sharp speculators will have to bite the bullet and hold shorts while looking to reload full positions at the highs. Tracking closely 3,000 and 2,900 as the next areas of interest. Thanks as usual for keeping the feedback coming 👍 or 👎
OANDA:SPX500USDShort
by ridethepig
15
DOW JONES The striking bullish consistency of the 1D MA50DJIA is trading on a Channel Up on the 1D chart since late May. This pattern has made two exact Higher Highs and Higher Lows. I want to talk about the importance of the 1D MA50 (blue trend-line) not just within this Channel but even before. As you see since May 04, the 1D MA50 has been tested 8 times. 7 out of those 8, it held and initiated a rise (at least of +4.00%). The only time it failed was on September 21, but still the price made a rebound on the Higher Low of the Channel Up, keeping it still valid. The Lower Highs trend-lines play a significant role here. Even before the Channel Up, when Dow Jones broke above a Lower Highs trend-line after the 1D MA50 held, a very strong rally started. Do you think history will repeat itself? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> AxelShadah -------------------------------------------------------------------------------------------------------- Most recent DOW JONES idea:
ULong
by TradingShot
5
DJIA REJECTION - SHORT TERM BEARISH BUT WILL RETEST PREVIOUS HIDJIA REJECTION - SHORT TERM BEARISH Short Target As Indicated Then I'm Expecting It To Retest Previous Highs *Still On A Upward Channel And Showing A Bullish Sentiment *Be Wary - Could Be Forming A Distribution Pattern *My Bias Is Still Upside - Investors Showed A Lot Of Interest (Value) From September Crash LET ME KNOW WHAT YOU THINK! 🧐 💡 IF YOU LIKE MY IDEA, PLEASE HELP AND SUPPORT MY CHANNEL BY HITTING THE THUMBS UP, LEAVING A COMMENT AND FOLLOWING 💯 *You are Welcome to REQUEST CHART ANALYSIS at Anytime! Simply Comment Down Below or DM Me :) ```````````````````````````````````` ⚠ DISCLAIMER: Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE BUT Please Be Responsible For All Your Actions. This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
TVC:DJI
by crypt0analyst_
4
DOW JONES broke above the 1D MA50. Buy Signal.Pattern: Channel Up on 1D. Signal: Buy as the price broke above the 1D MA50, crossing it as a Resistance for the first time since April 27. Also the MACD formed a Bullish Cross. The past 3 occurrences initiated a rally. Target: 29200 (the Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> gergiabboud --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
2
$UONE The $SPI $SUNW of next Week? The Catalysts Say Bigger...Let’s compare: $UONE 1,600,000 O/S 980K Float $SPI 15,000,000 O/S $SUNW 16,000,000 O/S You do the math. We went from $2 to $50 last time on absolutely no news. Trump announcement of $500,000,000,000 into Black communities announced near the end of trading day on Friday kicked off a 100% into the close of A/H's trading, closing near $8 from $4 I anticipate a move to $50+ by Tuesday. Last time it took about 2 days to get to $40 and 5 days to get to $50 I believe it will be alot faster and harder this time around. We could possibly even see $70 when this is all said and done.
NASDAQ:UONELong
by StockGuild
Corrective move could be in it's final fase.Dear traders, According to my wave count we should be nearing the end of the correction that has been going on this entire month. 26300 is my final target before I expect the bulls to really wake up again. This area has been a battleground before. During this year's summer we've seen it as both resistance and support, and also last year this area was of importance to many traders. A succesfull rebound means we can start looking back up again to finally try and beat the 30k. Don't worry too much about the US presidential election yet. It's still 6 weeks from now and during that time a lot can happen on the market. So for now my strategy remains selling the rallies until either my target has been reached and/or the bear channel has been broken to the upside. Click on that follow button if you want to enjoy regular updates on major indices, commodities and forex :-) Best regards from The Netherlands and remember: always use stops when trading!
TVC:DJIShort
by vanfleetdaniel
DJIA, Moving In The Channel, These Steps Ahead!Hi my friends, since the bearish breakdowns established within the major indices and also within the DOW JONES, it is showing up with some interesting price action at the moment, as the market is slightly oversold this can lead to some possible rallies firstly on the shorter term sooner or later, in this case, I detected the important levels and possible outcomes within the index to consider further destinies, for now the trend still remains to the downside however this can change when the index manages to show up with the right price action, till then we should not keep the established bearishness by side as the direction factly is still to the downside. Looking at my chart you can watch this huge descending-channel-formation marked in blue, within this channel the index has build up a wave-count coherently following up to the downside, at the moment the index forms the major wave D in the wave-count which will run directly into strong resistance layers, firstly consisting of the falling upper boundary, the 100- as well as 200-EMA marked in black and also the horizontal resistance coming into the surface here, these all together forming a coherent and logical resistance cluster which is likely to be confirmed to the downside when touched, this mechanism will set up the final wave E. When the index shows up with the most likely scenario forming the bearish wave E to the downside, it has the possibility given to recover which can be done in the blue back-up-cluster marked in my chart, where the end of wave E coming together with the lower boundary and the Fibonacci-support lying there, all together building the support from where a bounce can be done, in this case, it is from high importance that the index really bounces in this range because when the index moves swiftly below it and closes below this can invalidate the channel breakout which is not the most likely outcome for now however this scenario should not be underestimated. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! “There are many roads to prosperity, but one must be taken.” Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
7
Dow Jones - support has been brokenIn our recent analysis, we have mentioned that the DJIA may create a potential head and shoulders pattern. A few days later the trendline and the support line had broken which could confirm the mentioned pattern. It seems that the broken support at 27196 pts could be a possible resistance right now along with the broken trendline and an upper limit within a downward channel. The next potential support could be located at the line drawn through the bottoms and at the low of 26014 pts. Due to the spotted lower highs and lower lows we could say that the market creates a downward trend. It seems that only a move above the upper limit within the channel would change the sentiment from bearish to bullish. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
U
by Daniel_Kostecki
ridethepig | Dow📍 Major Updates on Dow, Nasdaq and S&P coming this week. Equity buyers are not happy, the loss of the technical structure seeks compensation and yet in similar risky fashion the Portnoy crowd continue to buy the dip at over extended levels. The one missing aspect to their account, inflation, it will land a devastating blow to the real economy and eventually, when the Fed taps, the stock market will follow. The Russell already broke down: Late buyers are trapped. We are going to hear a lot more on the media about how investors continue to rotate to value, but the cycle down has already started and this is an advantage to sharp speculators. To the downside the levels to track 24,500; 22,800; 18,600. Thanks as usual for keeping the feedback coming 👍 or 👎
OANDA:US30USDShort
by ridethepig
4
ridethepig | Unfinished business in the Dow📌 General remarks After we completed the breakdown as expected, we have a valid swing down for sellers. Today flows look set for a small pullback before continuation of the decline into 26,376 and 25,139 as the main targets below. This is a leg of two halves, we have a zig and a zag. We are trading the pullback in the Zig before we function the continuation of the zag, you get the point! In this case, before we tackle the impulsive legs we should quickly check the behaviour of the market as we approach the C target. It can be concerning for some sellers that the possibility of continuation with vaccine holy grail - a valid and diagonally opposite force to the bearish case of a major cycle down in the global economy triggered via health crisis . What all of these undermine is confidence and the powerful urge to take on risk diminishing. Vaccine or not, sadly there is no chance of this making its way around supply chains till 2021/2022 so we have at least 2-3 more quarters to get through in this cycle down. As I keep repeating, most recessions are typically 5 quarters in length and it is not uncommon for 1 or 2 of those quarters to be bullish, this is part of the repositioning battlefield.
UShort
by ridethepig
10