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DOW JONES crossed below the 6 month Channel Up.Dow Jones is waving a strong bearish break out signal as it crossed under the bottom of the 6 month Channel Up today and most likely will close that way. This means that the trend is shifting to bearish on the medium term as a new Channel Down could emerge. Trading Plan: 1. Sell on the current market price. Targets: 1. 33840 (MA200 (1d)) and if it breaks after a small bounce target extension 33200 (bottom of Channel Down). Tips: 1. The RSI (1d) is trading in a Channel Down of its own. Last time it did was from December 2022 to March 2023 and as you see that price action is similar to today's. It bottomed some way under the MA200 (1d), which is consistent with our target extension. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Short
by TradingBrokersView
DOW JONES Buy signal to 35300 short termDow Jones crossed again over the former Falling Resistance after making a bounce near the 1day MA100. This is the third time this level holds in almost one month. This keeps the long term Channel Up pattern intact. The 1day RSI is on the exact level of the June 2nd break out, showing a high level of symmetry of waves inside the Channel Up structure. Buy and target the 0.786 Fibonacci level (35300). Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30Long
by TheCryptagon
11
DOW JONES; Main ASCENDING-WEDGE, Crucial Completion Incoming!Hello, Welcome to this analysis about the DJI - Dow Jones Industrial Average Index. An important index in the stock market and as we have seen an absolute recovery since the heavy corona breakdowns that hit global financial markets at the beginning of the corona pandemic last year there developed unhealthy movements within the market as the stock market moved to the upside with a vast majority of indices while the real economy still not recovered that fastly and in this steep manner as it was the case in the stock market, in fact in many places the real economy is still heavily damaged and besides that there is a accelerating inflation going on that can be a source of a potential bear market to set up, especially when looking at this whole determination the possibilities for a pullback scenario are quite high in this measurement. Therefore, when looking at my chart we can watch there how the DOW is building this main ascending-wedge-formation which is certainly a bearish reversal formation and as the DOW already completed the whole wave-count within this formation and after that completion pulled off the upper-boundary there is not much remaining for a completion of this formation which will happen when the DOW bounces below the lower-boundary and from there it will be the origin for a continuation to the downside with the DOW pointing the 32500 USD level marked in my chart in blue, when this level has been reached the situation needs to be elevated again and the DOW needs to show if it manages to reverse from there on or just sets up for a bearish continuation to the downside. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
14
DOW JONES: Rejected on the 2week Resistance. Any change to recovDow Jones is having a sharp opening pullback on the 1H timeframe but remains on a bullish 4H technical outlook (RSI = 58.586, MACD = 126.970, ADX = 41.565), as the HL trendline of the Bullish Megaphone is holding. The reason for the pullback is the rejection on the R1 Zone (35,100 - 35,030). A 4H MACD Bearish Cross will most likely take the price to the HL trendline and the 4H MA50 (TP = 34730) in order to test the buying accumulation at the bottom of the Megaphone. A buy signal consists over the R1 Zone, whose target will be the Megaphone's HH trendline (TP = 35,400). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
2
DOW Elliott Wave Analysis for Friday 15/09/2023 (+ Higher TF)For traders (lower timeframe): The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)). For investors (higher timeframe): In the higher timeframe, investors should wait for the completion of the abc pullback. The wave 2 area is a nice buying opportunity for investors.
OANDA:US30USD
by AndyCuckoo
DOW JONES, Clean Breakout Of The Descending-Triangle!________________________________________________________________________________________________ Hi Traders, this is a signal I give to you for free today. The DOW INDEX has formed a clear triangle breakout with volatility and completed above the 400-EMA where entry with pull back is possible. ________________________________________________________________________________________________ ENTRY: 27800-27300 MINIMUM TARGET: 28500 STOP LOSS: 26300 MINIMUM RISK REWARD: 1 REASON: Descending-Triangle Breakout ________________________________________________________________________________________________ In this manner, thank you for watching and support for more market insight. Information provided is only educational and should not be used to take action in the markets. ________________________________________________________________________________________________
TVC:DJI
by VincePrince
2
D-JONES, The Gap Filled Properly And Sourced High Volatility!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at the DJIA 4-hour timeframe perspective, the index has recently shown high volatility movements to the downside which was expected after the gap-fill and the ending of the wave-count as pointed out previously this move now confirmed and the index testing the back-up-zone if you did not see this analysis already I highly recommend it by going on my account and watch it to have a full-depth-overview. Now there are important mechanisms the index has to show when considering a possible recovery there are significant levels to confirm, in this case, I detected the important zones and possible outcomes we should anticipate currently with the index destinies. Looking at my chart you can watch there the index confirmed the preliminary short-zone bearish to the downside and now testing the blue back-up-cluster where several supports lying, firstly the EMA and secondly the upper boundary of the channel besides that it is a support zone formed by past price action. This cluster is highly important to hold when considering a bullish continuation and test of higher levels again because when the cluster does not hold and price moves below bearishness will increase till there is solid support found where the price can stabilize again, for a continuation the index needs to confirm the cluster and consolidate there as it is seen in my chart, a possible continuation can be confirmed when the index moves to the 28800 level again. The index is in a situation where it has to show if the support levels can hold sustainably or lower levels will visit next times, when the index does not manage to stay above the back-up-cluster and closes below the next level to considered to be visited is the 27.000. Fundamentally speaking the decline was supported by the big divergences still existing in the real economy and stock market where the real economy is still damaged by corona increase it is important that these two factors grow together to provide a healthy market environment. Next times will show how the index can possibly stabilize however we should not keep the bearish case by side which will follow up when the index closes below the cluster, therefore it is inevitable to wait on the mentioned confirmation before going in the proper direction. In this manner, thank you for watching, support for more market insight, good weekend to you and all the best! "The ambition to transform opportunity into hold remains the most significant tool for a trader." Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
6
DJIA, Flag-Formation Confirmed, Continuation Ahead!________________________________________________________________________________________________ Hi Traders, this is a signal I give to you for free today. Support will be great with a like and follow when useful. ________________________________________________________________________________________________ ENTRY: 27820-27950 MINIMUM TARGET: 28250 STOP LOSS: 27410 MINIMUM RISK REWARD: 1 REASON: Bull-Flag Confirmation ________________________________________________________________________________________________ In this manner, thank you for watching and support for more market insight. Information provided is only educational and should not be used to take action in the markets. ________________________________________________________________________________________________
TVC:DJI
by VincePrince
6
DOW JONES 1st 1W Bullish Cross since 2016. Can we see 42k next?Dow Jones (DJI) is forming this week the first MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross (when the former crosses above the latter) on the 1W time-frame since September 2016 (assuming January/ February 2021 was flat due to the COVIC flash crash). This on its own is a major long-term buy signal, especially since the 1W MA50 has been supporting since March. As you can see the 2022 - 2023 price action is very similar to the 2015 - 2016 sequence. Both fractals started on a Bear Cycle under Lower Highs, which bottomed after marginally breaking below the 1W MA200 (orange trend-line). The new Bull Cycle was confirmed after the price broke above the Lower Highs trend-line and turned it into a Support being formerly a Resistance. The 1W MA50/100 Bearish Cross signified the bottom. Notice how even the 1W RSI and 1W MACD fractals are identical with their respective Higher Lows. It appears that Dow is currently past the initial Channel Down and on the Circle pattern, which in 2016 was the final consolidation before a hyper aggressive rally that topped in January 2018. Before that top it reached the 1.5 and 1.786 Fibonacci extensions. We treat the current pull-back as the last opportunity to buy this upcoming rally while the price is still that low. Having relatively low expectations, we expect to see at least 42000 (1.5 Fibonacci) by the end of Q1 - start of Q2 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
8
D-JONES, Important Levels To Consider Next Times!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at the DOW JONES Industry Index 4-hour timeframe perspective, the recent price-action, the current importances in the structure, what to consider next times and how to handle upcoming situations in the right manner. As the overall stock-market is recovering from its corona-breakdowns seen this year there are major indices which already filled important key-levels such as the huge gap in the SPX which I mentioned and now filled properly, the DOW is still below these levels and could possibly follow-up with its gap-fill. In this case I detected some important signals which can make this happen when the DOW moves correctly within its range, but this does not mean the market is comptletely bullish as the bear-market is still not confirmedly over bearish action can increase again as markets approaching solid supply zones. Looking at my chart you can watch there that the index just moved above its descending-channel-formation and formed this smaller ascending-channel-formation where it also moved above the upper boundary, these factors give an increased bullish pace within here and can indicate continuation to the upside which will be given when the index manages to travel above the last rising resistance of its channel as you can watch it in my chart, it is either possible to form a consolidation before doing this or a immediate breakthrough, a consolidation is more likely within this structure. When this properly plays out the index will look for the gap to be filled which will be crucial as this can be a point where supply enters the market as people taking profit and the price moves to the downside therefore it can also be considered a possible short-zone as you can watch it marked in my chart. It is highly important to take note that although the index sending some decent bullish signals at the moment it is still not confirmedly bullish not only because there are still remaining strong resistance-levels but also because there is still a huge difference between real economy and stock-market as stock-market is showing gains real economy is in a decline, to provide a healthy unspeculative market environment these two need definitely move together. When the index approaches the higher levels we need to elevate and be prepared for possible bearish signs as this will be crucial level where selling pressure can enter while many retailers rushed into the market to do not pass away the rally smart-money is still not fully in the market and in the sidelines this can be a indication for more bearish pressure assuming over the course of next weeks and months. In this manner, thank you for watching, support for more market insight and have a good day! “Forecast is a mixed fortune in todays market environment. ” Information provided is only educational and should not be used to take action in the markets
TVC:DJI
by VincePrince
1
D-JONES, Double Bottom, Possibility On The Long-Side!________________________________________________________________________________________________ Hi Traders, this is a signal I give to you for free today. Support will be great with a like and follow when useful. ________________________________________________________________________________________________ ENTRY: 25850-26000 MINIMUM TARGET: 26900 STOP LOSS: 25395 MINIMUM RISK REWARD: 2.55 REASON: Double Bottom ________________________________________________________________________________________________ In this manner, thank you for watching and support for more market insight. Information provided is only educational and should not be used to take action in the markets. ________________________________________________________________________________________________
TVC:DJI
by VincePrince
7