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DOW JONES Channel Up with the 4H as the key level.Dow Jones (DJI) is trading within a Channel Up pattern on the 4H time-frame with the 4H MA50 (blue trend-line) supporting since the January 19 break-out, being right on its bottom (Higher Lows trend-line). As long as the price action is closing candles above it, we remain bullish, targeting a Higher High at 39100. If it closes a 4H candle below the 4H MA50, we will take the loss and sell instead, targeting the 1D MA50 (red trend-line) at 37800. Note that the last medium-term Support has been the 1D MA200 (orange trend-line) on January 18 and being overbought for too long on the 1D time-frame while the 4H RSI is on a Bearish Divergence throughout the index' whole Channel Up, a short-term correction to the 1D MA50, would technically be quite likely here. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
1
Dow Jones H4 | Falling to 38.2% Fibo supportDow Jones (DJ30) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 38,159.35 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 37,769.85 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement level Take Profit: 38,792.50 Why we like it: There is a pullback resistance level 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.
VANTAGE:DJ30Long
by VantageMarkets
Dow: Heading South 👇We continue to locate the Dow stock in the bearish wave (Z) in magenta and expect the price to fall back to our dark green Target Zone on the south side (coordinates: $46.66 - $42.79). Traders could place a stop for long positions 1% below the lower edge of the Target Zone, or in this case 1% below the support level at $42.79. However, it should be noted that our alternative scenario has a 40% probability and would see break above the resistance level at $57.74. Wave alt. (B) in dark green would have already been completed in this scenario.
NYSE:DOWLong
by MarketIntel
Most overbought condition 1) Most overbought condition since May 2021 on the weekly RSI 14. 2) Converging trendlines at 38,200 stretching back since late 2021 create solid roof tested 3 times at least on 2 separate trend-lines which would make for a very tough level to break, especially when it's this overbought. ***A correction down to retest the connecting lows trend-line since late 2022 would make a lot of sense even if a new high would be reached in the future, a correction down is very likely in the current technical condition - Which would be down to the 34,200 floor.
BLACKBULL:US30Short
by Exactus
4
DOW JONES Why you don't want to miss this rally.Dow Jones (DJI) is pulling back on a technical correction as the 1W RSI got overbought (above the 70.00 mark) on the December 26 1W candle. That was basically the first time since June 01 2021 it got overbought and that time also gave a technical pull-back. What draws our attention more than that time though is the December 19 2016 pull-back when the 1W RSI was again overbought. The difference here is that the price action and patterns that preceded that pull-back/ consolidation are very similar. A Lower Lows bottom on the 1W MA200 (orange trend-line) that took place on a 1W RSI Higher Lows Bullish Divergence, gave way to a break and sustainable rise above the 1W MA50 (blue trend-line). Following the current pull-back/ consolidation we are at, a very strong Channel Up took place. As a result, even though the sentiment is bearish on the short-term, possibly until the January 31 Fed Meeting, it is clear that the long-term trend is bullish. Every such correction has high probabilities from now on to be a buy opportunity. The target can be as high as 43000 within 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
49
Dow Jones H4 | Potential bullish breakoutDow Jones (US30) is rising towards a pullback resistance and could potentially break above this level to climb higher. Buy entry is at 37,871.59 which is a potential breakout level. Stop loss is at 37,350.00 which is a level that sits under a pullback support. Take profit is at 38,256.87 which is a level that aligns with the 161.8% Fibonacci extension level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:US30Long
by FXCM
3
DJ30 H4 | Potential pullback before bullish bounceDJ30 could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 37,665.45 Why we like it: There is a pullback support level Stop Loss: 37,247.85 Why we like it: There is a pullback support level Take Profit: 38,250.77 Why we like it: There is a resistance that aligns with the 161.8% Fibonacci extension level 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.
VANTAGE:DJ30Long
by VantageMarkets
BTC EFT Update and US30 Analysis. Today's focus: US30 Pattern – Consolidation / ascending triangle pattern. Support – 37,400 Resistance – 37,770 Hi, and thanks for checking out today's update. Crypto had a mainly higher but, in some cases, muted response to news that BTC ETFs will become a reality. We have run over some of the news and moves since yesterday. The US30 is today's chart, and we are seeing a similar situation to what we discussed in yesterday's ETH update. ETH was one of the better-performing majors after the news hit yesterday. The US30 sits in a continuation pattern that's inside a consolidation pattern. Buyer momentum remains firm today after yesterday's rally, and we are looking at tonight's CPI data. If CPI remains unchanged or surprises the downside, we will look for further upside on the US30. If it comes in hotter than expected, this could turn the price lower from resistance or above, depending on where price is later tonight. US CPI data is due at 12:30 am ADET Friday. Good trading.
EIGHTCAP:US30
by Eightcap
DOW JONES Correction has started. Where can it stop?Dow Jones (DJI) started a strong decline since our December 29 2023 sell call (see chart below), the strongest since the remarkable rally started on the October 29 bottom: On today's analysis, we want to look into the same market dynamics and the pattern we drew 10 days ago but this time on the 1D time-frame. What stands out the most is that this time on the January 02 2024 High, the RSI peak that was made a few days back on December 19 2023 (hence the Bearish Divergence) was a (much) Higher High that the previous two (red arrows down) on the Higher Highs trend-line (July 26 2023 and April 13 2023), that was made on the vastly overbought level of 87.50 (highest since January 11 2018). Our short-term target remains 36750, which represents the 0.618 Fibonacci retracement level from the Jan 02 High. The other feature on this 1D chart that stands out is the 38.50 1D RSI Support, which provided rebounds on May 25 2023 (long-term) and August 24 2023 (short-term). That RSI Support reveals where our first buy attempt should be. Price-wise that could be as low was the 0.5 Fibonacci retracement level (35100) of the October 27 Low. By the time it potentially makes contact with it, the 1D MA200 (orange trend-line) could be there as well. A medium-term candidate is also a -4.50% range from the Jan 02 High, which would give us 36150 and is where the 1D MA50 (blue trend-line) is headed right now. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot
1
TARGET REACHED Dow Jones at 37,242 - Still bullishReverse Cup and Handle formed on Dow Jones. The price broke up and since then has been rocketing to its first target at 37,242. Now that it is the new year generally we can expect the January Effect to kick in with enhanced optimism and positive buying. I don't like the USD looking to strengthen though, that might change the course. RIght now I don't have a setup or pattern line up. SO we will just go with the momentum and trend. Let's see if we can hit 40,000.
DJ:DJILong
by Timonrosso