Djianalysis
APPLLooks like Apple has completed a 5W impulsive move up on HTF weekly chart and is probably going into another ABC correction that keeps the price flat to down until some catalyst create the next pattern
DJI - BEGINNING OF THE END? - CryptoManiac101DJI / US DOLLAR OVERVIEW
Every time I've heard someone mention DJI and the so called 'upcoming crash', it almost sounds too repetitive and at the end of that same week you'd see DJI, DOW climb higher and higher to everyone's dismay. Well, we might finally be nearing or entering the new 'phase' of the stock market and global economy as a whole where we will finally see the Black Swan event unravel.
Stay tuned!
End Of The Bull Run?This week the US had a Jobs Report that showed slower than expected growth, which has led to a bearish week in the stock market. The DJI has formed a double top which has broken to the down side. Could this reversal pattern play out and bring about a bear market?
Dow Jones Danger Zone - Jan 2022Similar to my SPX500 idea, I think the fractal here looks remarkably similar to price action and we could be approaching the top in the DJIA. Suggested date
Down Jones Industrial Average is 50% @ a trough or Down for one!Since Covid's Low 28 signals !!!
Volume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices. VWAP is similar to a moving average in that when price is above VWAP, prices are rising and when price is below VWAP, prices are falling. VWAP is primarily used by technical analysts to identify market trends.
Dow: Aaaaand Action! 📽📽📽The Dow Jones has a hard time pushing for an offensive to overcome the resistance at 35547 points. However, sooner or later we see the course moving above that resistance and gradually build up new all-time highs until the area around 37607 points is reached.
Good times coming!
DJI - RETRACEMENT BEFORE GOING UP AGAIN !Accumulation is happening .
It would be a good apportunity for DJI lover
US30 / DOW JONES / DJI SIGNAL TRADING lets take some opportunities scalping
use money management wisely
ANALYSIS DJI30 DOWJONES | 12 AUGUST 2021If you can see price make a new high. So we need to wait pullback at RBS zone for long position.
Dow 35k! 🏆Although the Dow breaks the record mark of 35k the bulls are still weary to entrench themselves above this historic mark. Given the sideways movements over the last week, our primary expectation is a setback to the 34200 area. There we expect support and a turnaround to new all time highs. We are looking to go long at around 34200.
What’s your take! Happy Monday!
DJI
I don't use EW but this just a "addon" for my analysis, anyway, the next target is around 37500- 38000, now we are in a new highest high!
DJIA going up more or a reversal is dueHello everyone , as we all know the market action discounts everything :)
The Dow Jones Industrial Average closed at a record high on Friday while the market close above 35,000 for the first time ever, bringing its gain for 2021 to more than 14% clinches four consecutive days of finishing in the green, The DJI seems to be getting even more momentum by day and we could be seeing something big happen in the next few months and the price reaches the 40000 range.
Using the Eliiott waves theory we can see that the market could be in the middle of his second impulsive wave and the price could be reaching the 35411.49 resistance line by the end of the wave .
The market movement is still in the range of a upward channel with no reversal patterns to be found yet , A move over 34951 will show us the presence of buyers. breaching 34993 will tell us that the buying is getting stronger. This is a potential trigger point for an acceleration to the upside since there isn’t any resistance .
A move under 34951 will show us the presence of sellers. If the move is able to create enough downside momentum then we might be looking for a pullback into the first retracement zone at 34308 to 34146. Since the main trend is up, buyers will probably come in on a test of this area.
technical indicators showing that :
1) The market price at 35061.56 trending above the MA 34765.01 and EMA 34747.79 (bullish sign)
2) The RSI is at 58.21 showing great strengths in the market with the possibility to reach overbought zone soon (bullish sign)
3) The MACD at 131.29 showing great momentum in the market with a positive crossover happening ( bullish sign)
Support & Resistance points :
support Resistance
1_ 34527.11 1_34969.30
2_ 34366.37 2_35250.75
3_ 34084.92 3_35411.49
Fundamental point of view :
The focus shifts to tech stock earnings and the Federal Reserve. Traders aren’t expecting much from the Fed, which is why the market has been rallying. Investors seem to have accepted the notion that inflation is temporary. The risk is still to the downside since the Fed could surprise again by announcing a tapering date or moving the date of the first rate hike closer.
The Fed wraps up its two-day meeting on Wednesday and its statement will be scrutinized for any mention of the timeframe for tapering its asset purchase program, although Chairman Jerome Powell made it clear in his recent testimony to Congress that the U.S. economy still needs the central bank's full support.
In June, policymakers began debating when to start cutting monthly purchases of $120 billion of Treasuries and mortgage-backed securities.
Powell may indicate that while a discussion on tapering has started, there is still time before officials reach a conclusion on what they will do. Policymakers are expected to highlight the risk from the rapidly spreading Delta variant, which investors worry could derail the economic recovery.
Most analysts expect the Fed to give a clearer indication of its plans for scaling back its quantitative easing program at its annual conference in Jackson Hole, Wyoming, in late August, before a formal announcement on tapering later in the year. According to investing and dailyfx
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This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!!
Thank you for reading.
Dow Jones: Recovery! 🚑🚑🚑After the recent correction, the Dow Jones is recovering again. However, we believe that there is still some potential on the downside until somewhere around 33299 points. Once within that area, the Dow can start its final recovery and push for new all-time highs above 35000 points. It is only important that it stays above 32902 points.
Exciting times!
DJI Dow Jones sold off 2% on Covid-19 casesCoronavirus cases up 37% over the last seven days to 203,082 in the U.S.
The resurgence in Covid-19 cases around the world could slow the economic growth.
My price target is the $33200 support
DJI early signs of bear market.The price of the DJI is not following anymore the primary upward trend line that began in march 2020, neither the channel line. Is not able to make new higher highs and there is a shooting star in the top of the advance. There is been a 93% upward move since march 2020, which is a record upward move in such a short period of time. Volume is heavier on downward moves than upward moves, there is a volume and price divergence. Also the price is moving sideways, all of this is suggesting that distribution may be happening already.
DJI 1D analysis 02/07/21Hello everyone , as we all know the market action discounts everything :) The market seems to continue its movement up with no signs of a reversal yet , all the patterns and indicators that we used on that chart are telling us the market is still not stopping here , MACD creating a bullish positive divergence, market price moving above the MA and the STOCH is in an overbought state .
Fundamental analysis :
The Dow Jones Industrial Average finished up over 130 points, or 0.4%, to end at around 34,633, marking its fourth-highest close in history as it inches toward eclipsing its May 7 all-time closing high at 34,777.76.
Traders think U.S. payrolls on Friday could jolt markets from a slumber that has locked currencies in some of their tightest trading ranges for decades. Initial claims for state unemployment benefits dropped 51,000 to a seasonally adjusted 364,000 for the week ended June 26, the Labor Department said on Thursday, although they are an unreliable guide to Friday's broader indicators.
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Elliot Wave 5 Impulse: C Wave - DJI 4 HR - June 26th, 2021Continuation of DJI Analysis - 4 HR chart. A study into Elliot Wave Theory. I'm expecting the next leg to move to the downside. Feedback welcomed. NOTE: Not financial advice.
