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Is the Dow Jones 🐂 Ready to Rumble? | DOW JONES MINI FUTURES ($🐮 The DOW (DJI, DIA, YM1!, UDOW, etc) is rallying based on recent strength shown by key players like Disney, the banks, Boeing, Exxon, etc. Looking at Dow Jones Mini Futures (YM1!) we can see a new clear bull trend forming... but we also see a clear-as-day support level to be tested to help confirm this rally. Perhaps the shift out of the NASDAQ's COVID hedge plays and into DOW darlings causes a correction in all markets, perhaps bank stocks run up against resistance and need to cool down. Whatever spurs on the retest of support, so be it. The plan here is simple regardless, we are aiming to buy support and catch a ride on the post-COVID bull. Resource: www.investors.com + www.fool.com + www.cnbc.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Fractal Trend is showing an uptrend (Aqua colored bars) on the 4-hour timeframe. This is the first notable confirmation of an uptrend on YM1! and is indicative of the recent strength in DOW holdings. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines). 3. The goal here is to take a long position at the S1 S/R flip since that has been a major price pivot point during the COVID correction. 4. Our stop loss is placed just below S1, with the logic being that S1 will hold. 5. Our target is the R2 highs formed during a dead cat bounce back in March. 6. If S1 doesn't hold, then S2 offers another support level, although the current bullish bias on the DOW would be lost at that point. Good luck bulls!
CBOT_MINI:YM1!
by AlphaBotSystem
#Dow30 - 1929 vers. 2020? Part 2 #US30USD #DJIA percentage comparison between the stock market crash of 1929/30 and carried over to 2020. The 1929 DowJones crash took place within 71 days and resulted in a 49.4% price loss. The following rally lasted 155 days until 16 April 1930, when the strong bear market rally was marked by a price gain of over 52%. The time factor of the upward movement was 2.18 times as long as the downward movement (155 days / 71 days). The crash of the DowJones 2020 leads to a price drop of approx. 38.5% within 40 days. This is shorter and less strong than in 1929. However, if the DowJones would also rise by 52%, it would result in a target range of 27,713 points. On a time level with the same length as 1930, the target date would be June 18, 2020. From the current level, a 10% profit would still possible, provided that both crises were similar in terms of their timing. The transfer is certainly only a small gimmick, but it should not be forgotten how strong bear market rallies can be. I am not suggesting that the current movement could not be a new bull market. On the stock market, regular questioning is part of it and the current bad situation can also be viewed positively from another perspective and vice versa. 61.8 retracement would be reached at 25,247. 78.6 retreacement would be reached at 27,159. It should not be forgotten, however, that at that time there was still a gold-backed monetary system, which was abolished in 1971. The largest global investment market after bonds is the US stock market. But since many government bonds are likely to default due to the depression, a lot of capital will try to sell bonds and bring them to safety. This could be a possible price driver for US stocks from the DOW Jones and would create a bull market. Greeting from Hannover Stefan Bode
TVC:DJI
by StefanBode
4
#Dow30 - 1929 vers. 2020? #US30USD #DJIIn 2020 everything went much faster than in 1929 but could the Dow30 go through the same structure? If in 2020 the A = C becomes the same as in 1929, then the Dow still has room for 25,558 points in the short term. Maybe the Dow will do something completely different and climb to new all-time highs, because everything is only half as bad and the world is back to the "old" on Monday and everything is back to normal. However, this structure should be observed more intensively at least in the coming weeks. Greeting Stefan Bode #Dow30 - 1929 vers. 2020? #US30USD #DJI
OANDA:US30USD
by StefanBode
4
Us30 - from FridayPrivate trade we took Cannot upload everything we analyse - but this one was necessary as the target is was left to its own device here. We only used a 0.5 contract to run to the target and closed the other 1.00 before at target I. The reason for the trade? W bottom formation - included a double bottom on the 15min pattern. We entered early and then as the rejection of the double bottom. again. With indices you have to use a larger stop but with correct entry points it is possible to have smaller ones. The base consolidated in the box and had some rejection wicks. we waited for the zone to re-enter to signify a fakeout.
UEducation
by LupaCapital
#DOW30 #DJI #US30 Trading Analysis & ForecastTraders, Like SnP500 Dow 30 aloso created divergence. It has however completed the pattern and also pushed to the first profit target level. It can push even higher based on market momentum. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week!
ULong
by vikinsa
21