Dow Jones Industrial (DJI) Short Trade: TP1 DoneThe DJI (15-minute timeframe) chart presents a well-executed short trade setup, delivering substantial initial profits and paving the way for the remaining targets to be achieved.
Key Trade Insights:
Entry Point: Positioned at 44,159.10, as identified by the bearish crossover and resistance from the downward EMA.
Stop Loss: Strategically placed at 44,322.02 to safeguard against upward reversals.
Targets:
TP1: 43,957.73 ✅ Achieved
TP2: 43,631.88
TP3: 43,306.04
TP4: 43,104.67
Technical Breakdown:
Bearish EMA Structure: The red EMA ribbon suggests sustained downward pressure, reinforcing the bearish sentiment.
Volume Confirmation: Declining upward retracements signify reduced buying momentum, increasing the likelihood of hitting deeper targets.
Trade Outlook:
With TP1 secured, market momentum and bearish patterns strongly favor hitting TP2 and beyond. Traders using the Risological Indicator are positioned to capitalize further on this move.
Stay vigilant and let the profits roll in!
Djiaprediction
Dow Jones (DJI) Primed for a Bullish Move – Fresh Long Entry!DOW JONES INDUSTRIAL (DJI) Technical Analysis:
In the 15-minute timeframe, Dow Jones Industrial (DJI) has signaled a fresh long trade entry at 42,406.00 with potential upside movement, supported by the break above the Risological dotted trendline.
Key Levels:
Entry: 42,406.00
Stop Loss (SL): 42,294.50
Target 1 (TP1): 42,543.81
Target 2 (TP2): 42,766.81
Target 3 (TP3): 42,989.81
Target 4 (TP4): 43,127.63
Observations:
The price has gained bullish momentum, with a clean break above the Risological trendline.
If momentum sustains, this trade could see all targets successfully hit.
A solid long trade entry is in play for DJI, with upside potential. The Risological dotted trendline serves as strong support, and if buyers maintain control, higher targets are likely to be reached.
DOW JONES (DJI) Slides Through TP1 & TP2! Eyes Set on TP3 & TP4!Technical Analysis:
On the 15-minute timeframe, the Dow Jones (DJI) short trade has already successfully hit TP1 and TP2, confirming strong downward momentum. Price continues to trade below the Risological dotted trendline, suggesting that the bearish trend is likely to continue.
Key Levels:
Entry: 42,997.92
Stop Loss (SL): 43,161.50
Target 1 (TP1): 42,795.74 (Done)
Target 2 (TP2): 42,468.58 (Done)
Target 3 (TP3): 42,141.42 (Pending)
Target 4 (TP4): 41,939.24 (Pending)
Observations:
After breaking below the Risological dotted trendline, the Dow Jones showed significant selling pressure.
Price continues to respect the downward trendline, supporting the case for further declines toward the remaining targets.
With TP1 and TP2 already hit, the Dow Jones looks primed to move towards TP3 and TP4. Traders should continue to monitor the bearish momentum as the setup points toward more downside potential.
DJI- Correction to 40k zone?Since mid-September, the Dow Jones Industrial Average ( TVC:DJI ) has resumed its upward trend, reaching new all-time highs.
This recent rally reflects investor optimism and strong market momentum.
However, despite this bullish movement, the rise appears to be contained within a rising wedge pattern, which can often indicate a potential reversal or the weakening of an uptrend.
For traders and investors, a key confirmation of this potential correction would be a decisive drop below the 42,500-42,700 support zone. If the Dow30 breaks below this critical level, it could trigger a larger sell-off, possibly pushing the index down toward the 40,000 level—a significant psychological and technical support zone.
While it’s still too early to confirm whether this correction will take place, it’s important to keep an eye on the price action around the 42,500-42,700 range.
If the index fails to hold this zone, it could mark the end of the recent uptrend and the start of a broader market pullback.
In summary, while the Dow30 has been reaching new heights, caution is warranted due to the rising wedge pattern and key support levels.
If these signals confirm a correction, we may see the index retracing toward 40,000 in the near future.
Dow Jones Hits All Targets! Bullish Surge CompletesThe Dow Jones has demonstrated a strong bullish trend, with the long trade reaching and completing all profit targets.
Key Levels
Entry: 42078.17 – The long position was entered as the price broke above this level, confirming bullish sentiment.
Stop-Loss (SL): 41954.95 – Positioned below recent support to manage risk in case of a pullback.
Take Profit 1 (TP1): 42230.47 – The first target was achieved, confirming the continuation of the upward trend.
Take Profit 2 (TP2): 42476.91 – The second target was hit as the bullish momentum continued.
Take Profit 3 (TP3): 42723.35 – Momentum carried the price to the third target.
Take Profit 4 (TP4): 42875.65 – The final profit target was reached, signaling a strong rally.
Trend Analysis
The price is comfortably trading above the Risological Dotted trendline, confirming the strength of the bullish momentum. With all targets hit, the trend continues to reflect a strong upward movement, supported by positive market sentiment.
The long trade on the Dow Jones successfully hit all profit targets, with the final TP4 at 42875.65 marking the end of a highly profitable trade. Strong support from the Risological Dotted trendline and continuous upward momentum suggest that the market is favoring bulls in this period.
DJI Collapse Imminent | Caution All AssetsThis is how we hold the finance sector accountable.
Caution in all assets.
The world economy is grinding to a stand-still.
This selloff will be deep and obviously very painful.
There are a ton of hype stories and narratives out there - I have covered and poked fun at many of the ridiculous narratives in previous posts.
We knew this day would come.
Dow Jones, interpretation of where we areDespite the fact that i calculated the dates, this is just my calculation and correction could easily end in 2033rd, but for now we are monitoring the index and in the future it will be clearer to us where we are, and idea can be updated.
According to my interpretation, the bull market ended in 2021 and now we are in a rising sideways leg, which should end at the beginning or end of summer 2024.
I have two prefered calculation's of target for rising sideway's leg(wave, local rally):
1)39150$ +-500$
2)39950$
Then we go to 1st area(white lines) and bear market within flat should last about 1 year.
Next rally(leg) in the context of the expected flat correction should end around 36000$ in Spring of 2027.
And i hope that all the correction will be finished in March of 2028(Prefered, because it should be fast destroy like tsunami) or December 2029, at the 2nd area(red lines), so we won't be too old by then.)
DJI will be able to create RSI divergence in the near future?TVC:DJI
DJI will be able to create RSI divergence in the near future?
DJI will have an adjustment in the near future, but no one knows how much, where and at what price.
But in a certain expectation, I think that the case of the price increasing a little more (maybe to near 40K) and then creating an RSI divergence is a fairly typical case for this bullish pattern.
UPDATE: Dow Jones almost reaching target at 37,242SInce the price broke above the breakout pattern, the price has been moving on a strong but unsustainable inclination trend.
Yes, it will most likely hit the initial target 37,242 as we're almost there.
But, we also need to consider that in the next three weeks, we could have some consolidation range.
This doesn't mean, we should expect a crash afterwards. On the contrary with the US dollar weakening and with the interest rate hike on hold - means we should expect futher upside in 2024.
But I'll let you know...
US30 DJI on 20-11-2023 : BEARISH BIASEDUS30 Index can go Bullish if,
H1/H4 closing happens above 35000, it can move bullish upto 35150 level.
or it can go Bearish if,
H1/H4 closing happens below 34880, it can move bearish upto 34730 level
#️⃣ Trend expectations from 8:00AM to 12:30PM USA Time EST.
#️⃣ Trade with 1-2% risk only.
Dow Jones 10/10 MoveDow Jones - DJI
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and it has Breakout the Lower Trend Line , It will Complete its Retracement at Previous Strong Support or till its Lower Trend Line at Fibonacci Level - 61.80% / 78.60%
Entry Precautions :
Wait until it Rejects with Strong Bearish Price Action