DJI SHORT POSITIONAccording to the harmonic pattern AB=BC is showing the bareish signal and also it is near resistance area good time for short
Djiaprediction
Is Dow's correction really over?As we all know, Dow30 (All American indices in fact) started to drop since the beginning of the year.
However, looking at a longer chart we can see that this drop is overlapping suggesting correction.
At the beginning of October, Dji made a new low under 30k, followed by a second drop in that zone, making a small double bottom.
After the break back above 30k, the index traded to the upside in a very nice and constructive way and recently also broke above the falling trend line.
If this is a bull trap or not remains to be seen, but strictly technical, the index is bullish at this moment and it will stay this way as long as the price is above 32k.
A break above 34k would call for further gains and February's 36k high could be the target.
Dow Jones ( DJI ) Next MoveDOW JONES INDUSTRAIL AVERAGE ( DJI )
Time Frame - H1
We have ELLIOT IMPULSIVE WAVE ( Bearish ) in Long Time Frame #LTF
Completed " 123 " Wave and Forming " 4th " Impulsive wave will Reject from Fibonacci Level ( 50% - 61.80% )
BULLISH CHANNEL Pattern in Short Time Frame #STF need Rejection from the Upper Trend Line #UTL
ELLIOT TRIPLE WAVE COMBO in Short Time Frame #STF and completed the " Y " Wave
Sell After Rejection from the Demand Zone ( 31908 - 32176 )
dow and jones index - short signalwe have a very good short signal for dow and jones index, for long and short terms both are down, don't ever buy it, all positions supposed to be short not long
Dow Jones Industrial Average 15 Min. Chart AnalysisDow jones industrial average 15 min chart analysis shows a simple chart pattern.
90% -98% Wipeout on DOW JONES INDUSTRIAL AVERAGEWe're All Doomed, We're all going back to being campesiños! However at the moment only have confirmation on RSI's Bearish Divergence!
DOW Gap CloseAfter a huge Sell-Off regarding the rumors about a 75 basis points rate hike.
I expect a relief rally towards the 50 EMA.
DJIVery simple ... Very clear
We are facing a downward trend and the price move to the upper ranges is just a correction.
There is a resistance zone in the range of 32,600. It is possible that when the price reaches this range, a downward trend will begin.
The main target in this downtrend could be in the range of 29300.
This is my personal opinion. Please do not trade based on my analysis and data.
DJI buy opportunity? Today i think the Contrarian Investing is a good idea: "Buy When There's Blood in the Streets".
DJI is up only 9.70% from the pre-pandemic level.
Next resistance is 35000.
Looking forward to read your opinion about it.
The end of the Bull Market? A big drop is coming I do not trades stocks or indexes at all but technical analysis can be applied to any instrument so this is my view on the DJ Index.
The DJI has had an incredible run since March 2020 (18183) to the high of 36855 made at the beginning of the year. What were the reasons for this?
1) Low to no interest policy of the FED
2) Optimism of recovery from Covid and vaccine discovery.
3) Free money being available and a lot of amateur traders getting into the market
This Index however has run out of steam. Technically speaking, there are massive reversal signs that are in play since May 2021.
1) Weekly Overbought on RSI
2) RSI Divergence on the weekly chart
3) Head and shoulders pattern complete
On a fundamental side we have:
1) Interest rate increase to combat inflation
2) The China lockdown
3) An energy crisis
4) The sad invasion of Ukraine
The year long consolidation between 34000-36000 is a dire warning that the market is in consolidation for a big move. It is very unlikely to be up and we are looking at the intial levels of 30,0000 and then 26,000.
If the consolidation lasts for a few months, these levels will not hold and we will see a bigger drop. There is no timeline on the weekly chart, but let's revisit this chart in July, October 2022 and January 2023 to see where the market is at.
Fast and Furious Dow Jones RocketI think its a good time to stack a long on the Dow Jones Industrial Average here. Oil and Commodities look toppy and im expecting profits to roll out into equities any time soon! Maybe even this week! Im long
DJI - BULLISHWe would need to wait until retracement completes.
Wave 3 should completes soon. And the retracement will take over.
There was a complex Wave 2, So according to Rules of Alternation, Wave 4 should be Simple.
A Spike retracement may happen.
Good luck
Dow Jones (DJI) | Two points to start the correction📍Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
This index has almost the same form and structure due to the convergence with the spx index in the count.
In this structure, the main 1 and 2 waves are formed and the 3 main waves have completed their 1, 2, 3 and 4 microwaves and are now inside the 5th wave.
Wave 5 will probably form a triangle, and from this triangle, wave 4 at the end of its trend and wave 5, to create a balanced ratio for the main wave 3, may end on Fibo 1.618, and then the main wave 4 will start its correction.
Breaking the red circle is required to confirm this correction.
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Dow analysis DJI have important support at 36000
According to the chart we should bounce from 36000 and retest previous all time high.
On the flip side closing below will accelerate selling pressure and we can see 34900 level near future.
Consolidation near 36000 will decide further move.
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In this index, only the main 1 and 2 waves are formed and from the 3rd wave, the 1, 2, 3 and 4 microwaves have ended and are now inside the 5th wave.
Wave 4 of wave 3 consists of three waves, two of which are formed before breaking the trend line, one wave breaks the trend line, and wave 4 ends after breaking the trend line.
We suggest that wave 5 ends near Fibo 1.618 before the trend line or by hitting the trend line and then breaking the red circle to form a descent for the main wave 4.
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Dow Jones Industrial Average Index (DJI) Analysis 05/03/2021as we can the there is a bearish divergence between Price and MACD, which is the sign of trend reversal and we can predict the 61.8% of Fibonacci retracement as one of our TPs
so soon we shall face an other recession
how big this time. we shall see.
if 61.8% Fibonacci retracement stands then we may go for a bullish rally and if not and braked down then a huge recession and history will be repeated again...
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that has been done. The main waves 1 and 2 are complete.
As we said in the previous analysis, it is possible that the main wave 3 is not over and we are in the wave 4 of the 3rd wave.
From wave 3, wave 2 was not normal and this wave can be shorter in time and the rest of the waves are part of wave 3.
But for now, this is how we consider it.
From wave 3, microwave 5 forms its ascent and it is probable that it will climb to Fibo 1.618 and then wave 4 will form long and deep.
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Dow Jones: Industrial but not average!It is currently not really easy for the Dow Jones. The bears are bothering the course. However, we expect the course to rise again and surge past the resistance at 36446 points. If the course falls below 33928 points, we will see another round of corrections.
Got all your gifts already?
Dow30- Could yesterday's bearish engulfing announce a drop?From the beginning of 2021, Dow Index has risen around 20% from the bottom to the top, which is phenomenal.
However, looking closely at price development, since 10 May (yellow line) the rise counts only 5%, and since mid-August's top( green line), ONLY 3%.
This for me is a clear indication that the bulls are very tired and in need of a correction.
After the recent ATH, Dow dropped hard and has started to recover at the beginning of December.
Yesterday's strong bearish engulfing can be the signal for the bears and price can drop again to recent bottom, now support.
A new ATH would negate this scenario
Dow Jones (DJIA) | Best point for sellHello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count made in this index, waves 1, 2 and 3 are formed and are now at the beginning of wave 4.
Depending on the shape of wave 2, wave 4 will probably move deep, at least to 0.5 fibo, and will lengthen over time, and it can be said that wave 4 will be a flat.
The first movement of the flat to the pink line is formed after the confirmation and failure of the red circle.
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Dow Monthly.Just my assumption not a trading or financial advice do your own ta thanks trade with care good luck see below for updated charts. I'm counting it as impulsive waves and expecting potential bear market to begin anytime soon.
Dow Longterm Buy Setup.Dow just broke the triangle to the upside and is coming back to retest the last support which suggest huge volume coming in at this level that's why the triangle broke to the upside means it's going more up after the retest. Not a trading advice do your own ta thanks. Tp is huge. Best to keep it for long term because gold has also topped and I'm expecting a deep correction for gold in monthly tf.
