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Dow30

DOW sparks will flyCatalysts for bull runs have been seen including symmetrical triangles, and three clear bullish divergences. A broadening wedge within a broadening wedge is present, these 52% of the time (according to bulkowski's chart patterns) result in a breakout downwards. Most often this chart pattern is found in bull markets. A clear cut case is the DOW. Going off purely TA a breakdown is likely from these high levels back towards the mean of the wedge , possibly even forming a symmetrical triangle or a falling wedge within the wedge to hold it. Monthly chart. If you are looking to buy, entering is fine as long as you are prepared for downsides and want to go long, as you can see the chart is clearly bullish .
TVC:DJI
by Bixley
Dow Jones: Bearish divergence on RSI.DJI managed to recover the drop that (marginally) broke the 1D Channel Up resuming the bullish technical action (RSI = 64.012, MACD = 186.600, ADX = 46.489, Highs/Lows = 130.1071). The RSI on the 1D chart is on a bearish divergence though and the last two times that happened the index dropped -3.20% and 5.13%. If the current bearish divergence follows the same patterns then we are looking at two downside targets: 27,965 and 27,400. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:US30USDShort
by InvestingScope
DJIA Struggle to Stay Above 28,000 It didn’t take long for the major indices to get back to all-time highs, as they began this shortened holiday week with a solid rally on hopes for a trade deal. The prospect of renewed economic growth and favorable monetary policy have also played some roles for the rally. Overnight, DOW rose 0.68%, but lagged comparing it with S&P 500 and NASDAQ. Obviously, the market will continue reacting to whatever the current trade headline is - bad or good - with the relevant price action. The H4 RSI indicator is going to test the 70% area now. This could imply an aggressive profit-taking activity for the coming sessions. The inability to keep above 28,000 will be the first sign of selling pressure. Taking out 27,675 will indicate the selling pressure is getting stronger. The next support in that case will be the 50-day SMA on 4-hour chart which has risen to 27,489. On upside, the index seems ready to re-test the record high at 28,090. A clear break above it could extend the bullish pressure towards the upper line of daily Bollinger Bands at 28,237. Take in mind, that the trading activity will decline in the coming days because Thanksgiving Day, and of course the market is closed on Thursday and closes early on Friday.
TVC:DJILong
by ForexTrendline
Dow Jones: Sell opportunity. Potential Double Top.DJI has extended the 1W Channel Up (RSI = 65.157, MACD = 519.030, Highs/Lows = 742.8189) that has previously provided a handful of trading opportunities (see bottom of the analysis). At the moment a Double Top is being formed on 1D, which since April has been a bearish signal, later initiating a decline towards the Higher Low zone (where the 1D MA200 always supported). We are expecting a similar behavior especially since the current levels are nearly overbought on 1D (RSI = 69.814). Our Target Zone is 27,000 - 26,800. See the previous successful signals within this pattern below: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
DJ:DJIShort
by InvestingScope
6
DOW (DJI) rejected at 27K again, market topping outThe winter is coming. As everyone can see the index is failing at making higher highs, the dips are shallow, but the conviction is not there, there is just no room to rally. We reached the TOP. RSI showing weakness in the bull market. Expecting a correction to around 25300, then a low volume rally to retest some of the former highs, and then, the long awaited freefall in early 2020. This is the last time we are seeing Dow above 200-day MA for a long time, once it breaks down it won't get above it swiftly. The bear season begins with the daily close below 200 day MA or a flash crash we can't foresee atm. Whoever longs this after such an overextended bullmarket cycle is just delusional. A marginal higher high to stop out everyone already shorting and then a crash is a possibility as well, although I wouldn't bet on it. It seems like everyone hopes they can sell to somebody else once the panic kicks in. The thing is, the theatre is getting more and more crowded... yet the exit door stay the same.
TVC:DJIShort
by NecRose
Dow Jones: 5H Golden Cross points to one last High.DJI has been trading inside a 1W Ascending Triangle (RSI = 55.808, MACD = 272.600) since June and is now approaching the 1W Resistance. Currently the Golden Cross formation is emerging on the 5H chart and based on the last 3 times that pattern printed, the price made at least one more High. In January 2019 it made another three Higher Highs, in June again three and in September one. That leads us to expect at least one more High which could be lower than the 1W Resistance as since July each High is slightly lower than the previous on the 1W time frame. As a result our target for this is 27,250. If the index breaks below this week's bottom then the pattern is invalidated and you should be ready to close your position. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:US30USDLong
by InvestingScope
3
Dow Jones: Channel Up turned into a Triangle.Dow Jones is extending the rebound on the Higher Low made yesterday on the 1W Channel Up (RSI = 51.067, MACD = 249.310, Highs/Lows = 0.0000) after the Nonfarm Payrolls missed the forecast today. This fundamentally bullish for the stock index (Fed and rate cut outlook). Technically the 1W Channel Up failed to make a Higher High last month so the medium term overlay can turn into a Triangle. Thus we revise our target on a Lower High at 27,200. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
DJ:DJILong
by InvestingScope
5
US30 dips continue to attract buyersOANDA:US30USD Trade Idea DOW30 - Intraday - We look to Buy at 27200 (stop at 27100) Price action resulted in a new all-time high at 27403. A Morning Star formation has been posted at the low. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. A bullish hammer has been posted as prices reject the lower levels. Further upside is expected although we prefer to set longs at our bespoke support levels at 27200, resulting in improved risk/reward. Our profit targets will be 27400 and 27500 Resistance: 27403 / 27500 / 27625 Support: 27200 / 27000 / 26850
FX:US30Long
by Signal_Centre
US30 - Indices Trading | Elliott Wave Structures | Q2 2019*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. US30USD - Elliott Wave Outlook Bearish Swings - Patterns: Flat Formation in Super-Cycle Wave (IV) (green) Primary A (red) - Simple ABC Swing Primary B (red) - Running Flat Primary C (red) - Bearish Extension Bullish Swings - Patterns: Leading Diagonal in Primary 1 (pink) ABC Swings in Intermediate degrees (1)(2)(3)(4)(5) (blue) Next expected swing: Bearish sequence in Primary (2) (pink) Structure change: Breach of the lower trend-line could lead towards Primary (2) (pink) already unfolding.
OANDA:US30USDShort
by Lionheart-EWA