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Djianalysis

DJI 90 year-old Dow Jones index hints at correctionGlobally, Dow Jones industrial index has been on the growth for almost 90 years since the Great Depression. Ironically, World War II launched an industrial boom in the United States that pushed the index up. It took 30 years and increase in 10 times of the DJI value before a more or less significant correction took place in 1973 , and the oil crisis can be called the main driver. The next corrections came again 30 years later: the crash of the Dotcoms of the 00s and the financial crisis of 2008-2009 , which should already be in the minds of most readers. And now, not a simple 2020, closed with the Japanese candle "hanging man" , which can be regarded as the first bearish signal. The collapse of the index in the spring 2020 through the first wave of coronavirus, and then its rapid growth amid subsidies to the population and the economy, formed a large shadow under the body of the candle. How long will the economy be supported by the US printing press, will vaccination have an effect, or maybe something else will happen, we do not know... But according to candle analysis, if the next candle behind the Hangman opens lower , then many traders may want to consider selling. It's very interesting how the trades will open in 2021! You will say that journalists refer more to the DJI index , and traders are guided by the S&P 500 (by the way, Tesla shares were added to the index a week ago) and you will probably be right. The Dow index has been calculated since the 19th century and is historically very important, but in 1957 appeared a competitor S&P 500. All the same, the S&P 500 index, which includes the value of shares of 500 companies, more realistically shows the mood of the modern market than the Dow Jones industrial index, which includes only 30 companies. We have added the S&P 500 to the chart below and what do we see? Another "hanging man" or Hangman. By the way, it's not bad enough, historically they work out Fibo levels on the indices , everyone can find something that he likes. Write in the comments, your expectations for 2021
TVC:DJI
by P_S_trade
18
Dow Jones – The advent of Diagonal pattern on the 240minuteChartThere is the probability for the completion of the first 5 ascending wave of 1 / A (Weekly Chart ) In the weekly chart, we had this wave counting, this uptrend is likely in the wave 5 from point of 1 / A. ( Daily Chart ) In the daily chart, with the end of wave 4 in the range of 18213.70, the 5th wave has started, currently the price is in the sub-waves of the V wave. The Diagonal pattern is formed in the 240-minute chart, which can be ended in the range of 30325 to 30500, this pattern will be confirmed by crossing the price from the range of 29820. The targets of this pattern are the range of 28920 (starting point of the pattern), by considering the gap, we can also include the range of 28440. The third target is in the range of 26143.
TVC:DJI
by NirmataFX
DOW 30k! 💨After the election results, the Dow jumped to new record highs on Monday, marking its high just shy of the 30k milestone. Our primary expectation is a breach of the 30k mark and a continuation of wave iii in orange. To confirm the outbreak, the Dow must break above the 30k mark. Should the bears send the market on a detour, and the support at 28781 is broken, we expect the further downward movement towards the next support line at 27648. One way to play the current scenario is to place entry orders above and below the mentioned decision levels. The upcoming days will be filled with suspension!
CBOT_MINI:YM1!
by MarketIntel
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
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