TARGET REACHED Dow Jones to 34,826Cup and Handle formed, broke out and since then it's been a slow but consistent move up.
The only frustrating part with holding a trade like this since March is that there are these daily CFD Swaps which eats into the profits.
And when you hold for >2 months, you start to feel it. Anyway, the bias was right and I might need to lower the target in the future so we don't hold these trades for too long.
The first target reached 34,826 and the next target will be higher. We just need to wait for the next breakout pattern and I'll let you know.
Djianalysis
DJI- Bullish picture overallAfter the recent test of support at 32800, DJI reversed to the upside and tested 34300 resistance.
The recent correction is a higher low and with the price back at resistance there are high chances of an up break.
In such an instance continuation is probable and the index could test the ATH.
I'm bullish as long as the recent low remains intact
Dow Jones globally will fall due to the north node cycleTVC:DJI globally will fall, because the Gann square of 20, built for the New York Stock Exchange indicates the date 2023 (reversal), and since on the monthly chart is now flat, and the market is at high prices, then a fall is more than likely. In 2024, a global strongest crisis is expected in another astrological cycle. There was already a similar crisis in 2008, and then the same cycle worked.
The fall may begin both now and by the second half of 2024, as they can still pump money, or at least say everywhere that there is no stronger economy in the world than the American one, and this will delay the fall for some time.
It will be possible to speak about the end of the crisis no earlier than the beginning of 2028.
DJI is likely to enter a major oscillation mode !DJI is likely to enter a major oscillation mode !
This figure shows the weekly candle chart of the Dow in the past two years. The top to bottom golden section is superimposed in the figure. As shown in the figure, the Dow Index in the past six months has shown a large oscillation pattern between the 0.618 and 1.382 positions on the golden section of the graph! In the future, the Dow's probability will first shrink and then enlarge, and then choose a direction to break through. Personal prediction probability will break down! So let's use the 1.382 digit (31700) of the golden section as the long short split for the future!
DJI looking for upside resumptionGood morning all!
I'll be breef as I the count kind of speaks for itself. It looks like we are ready to resume higher into wave 3 as we are looking at what appears to be a clear three wave move into wave 2.
It looks like TECH will be giving a break and VALUE will come back strong into sector rotation.
CHECK OUT my previous post on the NASDAQ which played out perfectly, let's see if this post will have the same faith.
Feel free to ASK me questions in the comments.
Enjoy the weekend and trade safe!
DJI ARE you rdy for sell ?🧨🧨👌The fall of the Dow Jones index / Are you ready to sell?
It is easy to see that the Dow Jones index is going to fall, and the targets that I specified for you will first reach 31486.38, then it will have a corrective trend up to 32550.68.
The next target that the index will see will be 28781.97 and that is where you can decide to go long.
US 30 showing mixed signals - Waiting for break either wayWHICH WAY TO BREAK?
It's up to the market and for us to act accordingly.
There is an ascending Triangle that's clearly forming on the Daily.
And normally, with the higher lows and same highs, the bias is normally up.
If it breaks up the target will most likely hit 40,000.
My issue is the state of the world right now, which is probably wrong to think about as charts are charts.
But many main indices have been rattled with what's been happening (which I mention in many analyses before hand).
Also 21>7 and the price action is just not strong enough to break as of yet.
There are also conflicting signals with Nasdaq and SP500 which lead world indices.
I think my mind has been clouded with unnecessary information which needs to be corrected and humbled by the market.
But if the price breaks below the Ascending Triangle, the target will be 26,652
What do you think up or down?
We will live to witness the greatest downward cycle DJI is in 5t wave soon to finish and soon ABC cycle will start.
The downward cycle will lead the prices to previous wave 4 towards 18000 levels
and Weekly chart:
and Daily chart:
Little bit of steam left that can take prices high, and therefore there is chance of up move in the short term
Dow Jones getting ready for a big short to 31,139 - SMC explaineRising Pennant has formed on the daily.
We are approaching the apex of the triangle.
All we need is a break to the downside
Target 31,139
SMC ANALYSIS:
Buy Side Liquidity Order Block has formed at the top of the Pennant. This is where Smart Money will come in sweep liquidity and the price will pull back down as they sell into the buy side.
This will confirm the downside to come.
Head and Shoulders Bottom in Dow Jones Dow Jones Industrial Average (DJI) has formed Head and Shoulders bottoming pattern and has broken out of the H&S neckline resistance zone. We can expect a retracement back to the neckline and if buying strength continues, price can meet measured move target of 33300.
Intraday Bullish setup on DJIOn a weekly chart, the price broke above the upper band of an expanding wedge channel, now it just made its second retest of the upper band- making that level a bit more stronger (provided it does not get broken).
So, i am having 2 bias, one is mid-term bullish bias as shown in the above chart. A break above the Intraday - OB followed by a retest would mean that buyers are still very much interested in riding the price back up.
Alternatively, if the price break down and fall back inside the wedge (weekly) then the FVG could get filled up and it's going to be a quick bearish down pour.
So, stay close and watch how it plays out.