DOW JONES: Testing the 4H MA200 for the 1st time in 3 weeksDow Jones broke today the 33,460 - 33,500 Resistance Zone that was intact since December 22nd. At the moment it is attempting a test of the 4H MA200, the first since December 15th. Trading within a Channel Up and with 4H technicals bullish (RSI = 62.540, MACD = 15.660, ADX = 24.447) while the 1D MACD is about to make a Bullish Cross, we expect a strong bullish trend if the price breaks and closes above the 4H MA200, with 34,900 (December 13th Resistance) the Target. Preferably we would like to see a break above the Channel Up as well.
A break below the Channel Up will be a short-term sell opportunity with the 1D MA200 as the target, while further break below it, will target the 31,710 Support (November 3rd).
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DOW
Looking to sell US30 back down to key areas notedYes we are Back.
It's been a while, here is our trade idea on the US30 this afternoon
Lets see what the volatility this afternoon has in store for us.
If we clear the range we see no reason why the DOW cant have another leg down similar in size to the one preceding this shrinking chop box.
DJI Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 33462.65, where the 38.2% Fibonacci line is to clear out the liquidity hotspot. Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23, where the previous lows and liquidity lies.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DOW JONES Critical session tomorrowThe Dow Jones Industrial Average (DJI) remains within the medium-term Triangle pattern that is trading since December 16 and broke today above both the 1D MA50 (blue trend-line) and 4H MA100 (green trend-line). The two have formed a Bearish Cross and the last two times this pattern emerged was on September 12 and May 04, both Lower High rejections that led to new market Lows.
The 1D RSI pattern however shows that we may already be on a market Low and if we close a 2nd straight green 1D candle (tomorrow), it invalidates all prior bearish bias. In that case, we will target again the 34300 Resistance (August 16 High) and the 34910 Resistance (December 13 High).
The index turns bearish if it breaks below the 1D MA200 (orange trend-line), which made a perfect bounce on December 20. In that case we will target 31725 (Support 1) on the short and 30100 (Support 2) on the long-term.
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DOW Jones about to pop!Retraced back to mean and is consolidating, waiting for breakout above consolidation range for entry. Could form a second peak and form a H&S especially if recession hits through 2023.
Buy the break above 12,950.
TP1: 13,000
TP2: 13,090
TP3: 13,160
If price breaks below 12,799, short.
TP1: 12,750
TP2: 12,700
TP3: 12,650
DJI Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 33418.59, where the 38.2% Fibonacci line is to form a triple top retail formation. Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23, where the previous lows and liquidity lies.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
YM1! US30USD DOW 2023 JAN 01
YM1! US30USD DOW 2023 JAN 01
Welcome us to 2023. Wishing you much trading success
for the new year and great health!
Possible scenarios:
1) Short on rejection at 34607 / 32789
2) Long if supported at 30513 / 28635
Weekly: Low vol down bar close at middle = indecisive
Daily: Low vol down bar close toward high = No Supply
H4: High vol up bar closed at high = demand
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35330 34605-34283
33455 32789 30513
28635
Remember to like and follow if you find this useful.
Have a profitable week ahead.
DJI still bearishIn our view, DJI remains bearish .
What we can see on a chart is a potential deviation in a well-defined downtrend .
RSI looks weak and remains in a downtrend.
As we're bearish on other major idicies such as SPX:
We expect that DJI will continue going down.
Long-term targets and potential path for DJI are shown on the chart.
Good luck
DOW JONES Will it invalidate the 2022 bearish fractal?The Dow Jones Industrial Average (DJI) has been stuck within a Triangle pattern (dashed lines) since it hit and bounced on the 1D MA200 (orange trend-line) on December 20 but has a clear rejection on the 4H MA100 (green trend-line), which is the short-term Resistance. At the same time we can also see that the 1D MA300 (yellow trend-line) has also resumed its old role as a Resistance, having kept the index below it form April 22 to November 10 earlier this year.
The 1D MA50 (blue trend-line) is now the pivot but technically in 2022 when it broke as Support, Dow kickstarted major sell-offs. Both on April 22 and August 28, the major sell-off were confirmed and Dow extended the selling to a new market (Lower) Low.
This is however the first time since December 20 2021, so basically a whole year, that the 1D MA200 is acting as a Support. At the same time, the RSI on the 1D time-frame is more similar to the May 20 and September 27 lows.
As a result we have technical proof to believe that as long as the 1D MA200 holds, Dow Jones has more probabilities to attempt a test on the 34300 former Resistance (August 16 High) and then move for the 34910 December 13 High. Closing above the 4H MA100 will confirm this move.
A closing below the 1D MA200 however has more chanced of testing the 31725 (Support 1) and 30100 (Support 2) levels successively.
Notice how proportional the Bottom-to-Top and Top-to-Bottom sequences have been since the February 24 Low. If the symmetry continues to hold and of course assuming Dow breaks below the 1D MA200, the next low should be around early February 2023.
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DISNEY #DIS Buy Entry#disney looks good at $75, 3 trend line crossing each other to show support along with 100EMA . should see a big bounce from $75
DJI Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 33498.93, where the 38.2% Fibonacci line is to form a triple top retail formation . Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23, where the previous lows and liquidity lies.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Classic bull flag setupEverything is in the chart.. classic bull flag setup on $ulta. Financials are great, EPS is solid, basically recession-proof at the moment.
CALLS idea - wait til retest of 410-420 and grab $500 calls 2 months out.
PUTS idea - wait til top of channel is hit then grab 430 puts 1 month out.
This is not financial advice, just for fun!
Sells still on, Dow 30!US WALL ST 30
Some down time for the Dow, Sells for now, see related idea for info on sell trades.
Heed your DD!
BITCOIN has always started a rally when Dow did this.This is the Dow Jones Industrial Average Index (DJI) against Bitcoin (BTCUSD) illustrated by the black trend-line. Every since September and the touch of its 1M MA50 (blue trend-line), Dow has been rallying, having recovered more than 50% of the 2022 losses.
With regards to Bitcoin, perhaps the most important development is that Dow is rebounding after its 2M RSI bounced off the Support that is holding for more than 10 years (since 2011). This level has always started BTC's strong rally within Dow's Secular Macro Bull Cycle (SMBC). At the same time the LMACD made a Bullish Cross shortly after. Right now the indicator is close to making the first Bullish Cross since October 2020.
Is this time different?
Feel free to let me know in the comments section below!
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DJI Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 33498.93, where the 38.2% Fibonacci line is. Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23, where the previous lows and liquidity lies.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Dow Jones Index retrace?In weekly chart, Index potentially stopped dropping when it was supported by the green band. It break out the downtrend line, should be the 1st step of principle of 123.
Index potential to have a retrace in weekly chart again, if it form the higher low in future, then it is the step 2 of principle 123.
Refer to daily chart, TD sequential 13 show the rebound could be almost exhaust, and the GDMM is at high risk position. If index drop below the low of TD13, the next support is approximate 32000.
Since there is no good chance to buy at this condition, better wait the result of US election patiently.
DOW - Two months until exitSlow burn up to 31500
Expecting a major break down over/after Christmass if it fails the retest of the 200 Weekly MA.
QE might save it but inflation expected to spiral up with current low rates in place.
B, HF
DOW down to 39/40That's a bold call, isn't it?
Here my analysis:
- red CL hit 3 times and price got rejected
- MACD kinda nice filter
- Medianline rules in play: HAGOPIAN
- overall economy is going down the toilet too
- Gov's....not even worth a word
Happy Santa Downhill, Hope You're Short Too §8-)
DJ30 - Expect trading to remain mixed and volatile.DJ30 - Intraday - We look to Buy at 32824 (stop at 32600)
Intraday, and we are between bespoke support and resistance 32824-33421. Expect trading to remain mixed and volatile. We have a 61.8% Fibonacci pullback level of 32821 from 32439 to 33439. Preferred trade is to buy on dips.
Our profit targets will be 33421 and 33779
Resistance: 33422 / 33779 / 334425
Support: 32824 / 32653 / 32439
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
DJI Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 33418.59, where the previous low is. Stop loss will be at 33899.17, where the 61.8% Fibonacci line is. Take profit will be at 32485.23, where the 161.8% Fibonacci extension line is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Three Sell Signals on the DJIFor the past year the Runner Bot SELL Signal has been on point for DJI on the H4 timeframe. If this rollover of strength from the Bulls continues we are looking at revisiting the $30,000 Support Block for this move.
- Bullish Candle Color rotation to weakness.
- RSI X Colors rotation to weakness.
- Runner Bot firing off a TOP signal (sign of weakness).
- Last Support Pivot is at $32,300.
Thank you and let me know if you have any questions!
