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DOW JONES: Harmonic pattern calling for a buy. TP = 34,350.Dow Jones is on a minor 3 day pullback after a strong rebound that closed over the 1D MA50. The 1D technicals are neutral (RSI = 48.264, MACD = 86.760, ADX = 23.509) and being on a Harmonic rise since March 20th Low, the 1D MA50 rebound is most likely the bullish wave to test yet again the R1 Zone. Unless S1 breaks, we are targeting the bottom of R1 (TP = 34,350). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
11
DOW JONES Channel Down emerging. This is its invalidation.Dow Jones (DJIA) is attempting to re-enter the Channel Down pattern that broke upwards, and on the bottom of which we gave the most efficient buy signal almost 2 months ago: At the moment the index is on the build up of a Channel Down which targets 32600. We will only buy if the price closes above its top (Lower Highs trend-line) and target Resistance 3 at 34900. As far as a long-term buy is concerned, we are only interested in buying if a Bullish Divergence is spotted on the 4H RSI, same as on March 15. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
4
CFD Update: FRA40 pushing at a new leg higher?Today's focus FRA40 CAC Pattern – Support hold - continuation - HL Possible targets – 7465 - 7600 Support – 7315 - 7360 Resistance – 7460 (ST) Indicator support – CCi close to 0 cross – 38.2 fib area Could we see a new leg higher on the FRA40? After Monday's holiday, price has opened lower on Tuesday, but there are a few bullish signs we are watching that could suggest a new push higher. Price formed an HL in the 38.2 fib area, support has been formed, and we see the support hold from a previous point of resistance. Price broke through the trendline, but we still need to see a new rally to confirm that. A new lower that closes below support is worry and could invalidate the idea. Another factor is tomorrow's US CPI data. Depending on what’s released, this could impact US indices and, in turn, move European indices. The Core is expected to come in lower, with Y/Y flat at 5.0% and the M/M higher at 0.4%. The CPI data is due to be released at 8:30 am EST tomorrow. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:FRA40Long
by Eightcap
DOW JONES The MA100 (1d) is supportingDow Jones has been closing daily over the MA100 (1d) for the past month. It is making Higher Highs since the March 20th bottom, indicating that the trend remains bullish. Trading Plan: 1. Buy as long as the price holds Support (1). 2. Sell if it breaks under it. Targets: 1. 34500 (Resistance 1 and Rising Resistance). 2. 32800 (MA200 1d). Tips: 1. The RSI (1d) has been rejected on its MA level and is making Lower Highs. That shows a Bearish Divergence that may eventually favour a Support (1) break. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
5
DOW JONES This pull back is a great buy opportunity.Dow Jones is approaching the bottom of the 6 week Channel Up, the level that provided us with a low risk buy entry last time. The 4H technicals are in red (RSI = 36.764, MACD = 20.900, ADX = 24.648) and an oversold 4H RSI would be the ideal buy entry. As long as the 1D MA50 holds, which is even under the S1 and the 4H MA200 (which is effectively the rising Support), we will stay bullish targeting the top of the R1 Zone (TP = 34,600). If the price breaks under the 1D MA50, we will hedge it with a sell, which we'll close at 32,500, near S2. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
2
DOW JONES Small pull-back possible but bullish long-termOne and a half month ago we gave the most optimal buy entry for Dow Jones (DJI) exactly at the bottom of its 4-month Channel Down: Right now the index is trading inside a shorter term Channel Up that is technically aiming at the 34900 Resistance, which is the December 13 2022 High, as part of its Higher Highs process. If however the 4H MACD currently completes a Bearish Cross, it is more likely to see one last pull-back below the 4H MA50 (blue trend-line) and near the 0.618 Fibonacci retracement level (33600) before the next rally. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
4
nasdaq 4hour chart say= upper target is fibo161%, dont pick sellif you have old sell 100 close all now or hedge them ( lot = 1.5 * total sells) AC indicator on daily chart is green this show up trend will come we have 3 fibo 161% now ,,,first fibo 161% show short term target1 is 13600 (pick sell possible there after sell pinbar comes with SL n pinbar high) then nasdaq can go down but will start up trend to 14000 even 14600(daily chart fibo 161%(long term target) ALERT= on bad news if nasdaq break EMA200 1hour (green line) it is switch signal to sell i wish you best trade and win but with SL in last high/low ,,,,put,eat SL is base of this game
CME_MINI:NQ1!Long
by ramin_trader2006
DOW JONES: Channel Up transitioning to a H&S? Dow Jones is still trading inside a Channel Up but the recent pullback has made the 4H technicals almost oversold (RSI = 32.864, MACD = -84.940, ADX = 57.885). The RSI on such levels is a technical buy but the Channel Up has more room to fall before bottoming around the 1D MA50 and 4H MA200. We are looking for a buy at 33,100 but if 4H closes under the 4H MA200 we will short to S1 and then buy. In either case the target will be the top of the R1 Zone (TP = 34,600). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
U
by InvestingScope
1
The Age of BubblesToday's world is a world of economic bubbles and rapidly changing technology. From cryptocurrencies to the dollar, from printing presses to centralized digital currencies, these are all part of our lives. However, with the arrival of CBDC (Central Bank Digital Currency) could be the beginning of the end of the bubble era. Currently, many investors and traders believe that economic bubbles are normal. Their creation can lead to rapid enrichment, but it can also lead to great losses. This is why some experts believe that we are in the age of bubbles. Cryptocurrency is one of the most famous economic bubbles in existence. It has quickly gained popularity, attracting many investors and traders. Over the past few years, however, we have seen its prices fluctuate, causing many investors to lose their money. This has made it clear that cryptocurrency is one example of an economic bubble. The dollar is another example of an economic bubble. Its popularity and impact on the global economy made it one of the most widely used currencies in the world. However, with the rising debts and budget deficits in the U.S., experts believe that the dollar could lose its stability and become another bubble. The printing press is another example of technology that can become a bubble. It can lead to inflation and deflation, as well as other problems related to the unequal distribution of wealth. However, there may soon be a solution to the problem of economic bubbles: the Central Bank Digital Currency. CBDC is a digital currency issued by central banks that is based on blockchain technology (or centralized blockchains haha) . It regulates and controls the circulation of money and reduces the possibility of economic bubbles. Since out of the chain between the central bank and the person will leave the private bank, which is what creates bubbles ( so the banks fall is inevitable) However, the emergence of CBDC could also cause some problems. Some experts worry about the possibility of limiting personal freedom and privacy, since the government would have complete control over the circulation of money. In addition, CBDC could lead to a technological monopoly unless there is full access and competition in the market. Thus, we live in an era of bubbles, economic bubbles, the dollar, cryptocurrency, and the printing press. However, with the arrival of CBDC we can hope for a more stable and controlled financial system. However, in order for CBDC to be a successful alternative, certain problems concerning competition, privacy, and accessibility must be solved. About ISO 20022 Central Bank Digital Currency (CBDC) can use ISO 20022 to ensure standardization and interoperability between different systems and participants in the payment infrastructure. ISO 20022 is an international standard for electronic data exchange in banking and finance. It provides unified formats for the exchange of information on payments, invoices, money transfers and other financial transactions. Using the standard ISO 20022 can improve the efficiency and reliability of payment processing in CBDC systems, as well as provide the possibility of interaction with other payment systems, which also use this standard. However, the specific standard used for CBDC may vary depending on the decision of each individual central bank. Many economists, traders and financial analysts are aware that financial bubbles are a problem that can economic consequences. They also understand that economics can work differently in different paradigms, so they explore new technologies, concepts and methods. In addition, many of them are already working with cryptocurrencies, blockchain technology and other innovative financial instruments, and therefore have an idea of how they can affect the economy and the financial system as a whole. Nevertheless, there are still economists who believe that financial bubbles are an inevitable part of economic life and that the economy cannot work without them. However, with the development of new technologies and approaches, this view is becoming increasingly outdated. In any case, economists, traders and financial analysts must remain open to new ideas and concepts in order to successfully adapt to the changing economic environment. Best regras EXCAVO
TVC:DJI
by EXCAVO
22
DOW JONES Potential Head & Shoulders and invalidation level.Almost a month ago we gave the most optimal buy entry for Dow Jones (DJI) exactly at the bottom of its 4-month Channel Down: Right now, we see an emerging Head and Shoulders (H&S) pattern, which is a technical pattern typically formed on market tops. The key now is the 4H MA100 (green trend-line). A closing below it, will most likely accelerate the pull-back towards Support 1, in which case we will target 33330. A 4H candle close above 4H MA50 (blue trend-line) will be a bullish break-out signal and should invalidate the H&S pattern, targeting first Resistance 1 and Resistance 2 in extension, in which case our Target will be 34500. Note the the 4H RSI has been inside a Channel Down since April 04, thus a big Bearish Divergence when compared to the price's Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
1
US30 33824 -0.11 % SHORT IDEA 🐻📉💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at US30 HEADING into the London session. * The DOW is yet to take either the BSL OR SSL * Looking for a break above of the Asian session in this set up at London open simply because we failed to create a HH in NY & ASIAN SESSION. - ASIA opened significantly bearish so looking for a correction of this move for entries after taking bsl. - TARGET would be the the SSL. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
UShort
by PULEMokhothu
Dow Inc – DOW – Wait to step inLeft chart – daily chart / 1 year • Resistance from the price gap formed mid-January 2023 at USD 56.58/57.02 • Resistance from 76.4% Fibonacci Retracement at USD 56.64 • Support from the price gap formed mid-November 2022 at USD 50.02/50.90 • It looks like that the MACD-Line is crossing the Signal line from the top to the bottom • If there is another negative day, the share price will cross the 100-day MA Right chart – weekly chart / since inception • Resistance from the price gap formed June 2022 at USD 60.58/61.86 • Resistance from the 100-week MA This doesn’t look like an entry point. The stock is trading between the price gaps from the short-term chart (left chart). The financial are coming out in 2 days. I would wait to invest and see an entry point at around USD 50.00
NYSE:DOWShort
by Oliver-Basel
YM1! US30USD DOW 2023 APR 24 WEEKYM1! US30USD DOW 2023 APR 24 WEEK Discretionary trade at the 34275 rejection yielded 350pts. With price failing to reach previous supply level 34605, could market be indicating that demand at higher levels have been exhausted? If so, we may be looking at further distribution (i.e. selling) Possible scenarios: 1) With weakness observed, wait to short at rejection at 34605 // 34275 2) Possibility of rotation between 33670 - 34275 = trade at boundary of range Volume Analysis: Daily: Possibility of buying climax. Price reaction levels Short on Test and Reject | Long on Test and Accept 35228 34605 34275 33670 32681 31657 Remember to like and follow if you find this useful. Have a profitable week ahead. CBOT_MINI:YM1!
CBOT_MINI:YM1!
by paradox677
DOW JONES Still bullish, one last pullback possibleDow Jones is under the 4hour MA50 for a whole day but still inside both the short and medium term Channel Up patterns. As long as they hold, the trend remains bullish and we are targeting 34375. If the price crosses above Resistance A, extend buying to Resistance B (34900). There is a probabilitiy for one last pull-back to the Rising Support around 33300 if the Channels break. That will still be a buy opportunity. Previous chart: Follow us, like the idea and leave a comment below!!
ULong
by TheCryptagon
2
DOW JONES Crossed under the MA50 (4h), first time in a monthDow Jones crossed under the MA50 (4h) today for the first time since March 24th. Even though that's a bearish bell, the 1 month Channel Up is intact, thus the trend remains bullish. Trading Plan: 1. Buy as long as the price stays inside the Channel Up. 2. Sell if it crosses under the MA100 (4h). Targets: 1. 34950 (Rising Resistance 2). 2. 33000 (MA100 1d). Tips: 1. The RSI (4h) is inside a Channel Down ever since Dow started to diverge inside a Bullish Megaphone. This is an indication of a potantial pattern chance from more aggressive bullish to less aggressive bullish/ neutral. Please like, follow and comment!! Notes: This is a continuation of this trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
3
Dow Activity Decelerating...For How LongI don't think it escapes anyone's attention that market activity levels (volatility) are exceptionally low compared to recent history. The VIX dropped below 17 and the innate activity levels on the major indices (like the ATRs) have followed the same course. The medium-term activity reading on the Dow (20-day) has dropped to the lowest levels since before the market topped and reversed at the beginning of 2022. That marries nicely to the very narrow range that the blue chip index has made recently. The AMEX:DJIA cleared the smallest three-day range in a long time this morning with the gap down, but it probably isn't signaling 'breakout' follow through expectations for many outside of those with 5 minute time frame charts. What is remarkable to me is that the activity levels are still decelerating - meaning short-term volatility is still dropping faster than medium-term. Here is the ratio of the 5-day (1 week) to 20-day (1 month) ATR ratio. There is natural 'mean' to this acceleration/deceleration.
TVC:DJI
by JohnKicklighter