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Dow30

DOW30 approaching resistanceDOW30 is approaching resistance level 25440 with decreasing volume. Bulls are testing the resistance zone to see if any bears show up.So wait for bearish candles to show up first before taking any short position. Price might break through the previous swing level at 25440 to lure in break-out traders before swinging back down. Thus SL is set slightly higher at 25940 in order not to get caught by fake breakouts. If my posts have benefited you, please help out by liking my posts and following me. Do visit my Patreon page. Thank you for your support. www.patreon.com
OANDA:US30USDShort
by NimbusCapital
Dow Jones 1 Hour Elliott Wave AnalysisHello Traders, In this analysis, we will have a look at the Dow Jones 1 hour Elliott Wave chart. Dow Jones ended cycle from 04/02 low (23311) at the peak of 06/11 peak (25417). Below from that peak, the instrument is currently correcting the cycle from 04/02 in 7 or 11 swings before the rally resumes or bounce in 3 waves at least. Down from 06/11 peak, the decline is unfolding as Elliott Wave double correction, where sub-division of red wave W unfolded also in a double correction and ended at 06/19 (24564). Up from there, it ended red wave X pullback at the peak of 06/20 (24861). Below from that peak, a 5 wave’s structure can be completed soon in red wave v of blue wave (a). Once the blue wave (a) is complete, the index should bounce in blue wave (b) in 3, 7 or 11 swings before the decline resumes towards the equal legs area of red W-X cycle which comes at around 24010-23810.
CBOT_MINI:YM1!Short
by Elliottwave-Forecast
1
Dow Jones Nearing Completion of 5 Waves ImpulseDow Jones Futures Elliott Wave view suggests that the pullback to 24227 low on 5/29/18 ended in red wave 4 pullback. Above from there, the rally is unfolding as an impulse Elliott Wave structure with extension in the 3rd wave higher. As an impulse, the internal of Minute degree wave ((i)), (( iii )) and ((v)) should also unfold as an impulse with 5 waves structure. Up from 24227 low, black wave ((i)) ended in 5 waves structure at 24715. Down from there, the pullback to 24342 low ended black wave ((ii)). The rally from there shows a strong reaction to the upside which ended black wave ((iii)) at around 25418 high. The subdivision of black wave ((iii)) is showing an impulse structure where blue wave (i) ended at 24863, blue wave (ii) ended at 24709 and blue wave (iii) ended at 25327. Blue wave (iv) ended at 25093 and blue wave (v) of ((iii)) ended at 25418 high. Near-term cycle from 06/11/18 peak can be completed in black wave ((iv)) at 25255 low and ideally, it should now continue higher in black wave ((v)). However, as long as it stays below black wave ((iii)) peak a double correction lower in black wave ((iv)) can't be ruled out. Anyway, the right side remains to the upside. As far as a pivot from 24337 low stays intact, we expect the Index to see another push higher in black wave ((v)) to end a 5 waves impulse structure from 5/29/18 low. We don’t like selling the index and the right side remains to the upside.
CBOT_MINI:YM1!Long
by Elliottwave-Forecast
Dow Jones Industrial Average Case for Wyckoffian DistributionThe Dow Jones is beginning to make a strong case for entering a phase of distribution. As the DJ:DJI is essentially an index of the American Economy, this will be a trading range that I am particularly interested in and will continue to watch over the coming months. It's difficult to time moves when it comes to Technical Analysis. Targets/Levels are easy to do, but the question of "when" is often hard to answer. This will be a waiting game. I shall also take a look at some key stocks on the Dow 30 to see if there's a consistent pattern of slowing bullish momentum, supply sneaking into the market, or the beginning of distribution phases. Dow 30: www.investopedia.com Wyckoff Logic Tutorial: stockcharts.com
DJ:DJI
by AzorAhai06
4
US Indices – Bearish Intermediate (C) – Aggressive SELL - Part 1During the Bull Market in Intermediate 3, Nasdaq was my favorite because of its Wave Count, hence the reason for the successful view on the NASDAQ100 – Bullish Minor 5 - Bulls Come-Back article. US Indices synchronized their individual Bearish legs once they reached the tops back on the 2nd of Jan. Same day, right before the sell-off began, I posted the CBOE (VIX) - Volatility Index - Pointing towards a Market Crash article in which I mentioned that volatility could return, explaining how complacency can turn into fear. Primary Correction officially started then, with US Indices falling off the edge of the cliff and ending the first sell-off on the 9th of Feb. This was mentioned and signaled multiple times during the Advanced Video Course (see Macro sections and Charting). Since the sell-off, US Indices performed rather well, unfolding a Bullish Correction which ended on the 27th of Feb. 2nd of March low and 6th of March high are viewed as Bearish Minor degree 1 & 2 (red), therefore, I am starting to believe that the Major Sell-off could have started for Intermediate (C) (red). Below you may find some Aggressive views and possible scenarios in which the risk is higher than usual but the potential reward could be worth it. The S&P500 possible drop was mentioned in the SNP500: 2018-2019 Buy & Sell Orders - Correction & Market Crash post. Warning, these set-ups involve high risk and aggressive approach, do not trade if you are not an aggressive trader! Dow Jones (US30) - Short Position: Entry @ 24660.00 (or Market) SL @ 25000.00 Targets: 24000.00 / 23000.00 / 22000.00
TVC:DJIShort
by Lionheart-EWA
8
DJI a short of a lifetime!I think we are on the titanic. This ship will never sink who cares if there is no lifeboat for everytbody. The drop of 1000points was the iceberg. They told the music must continue, and they works hard to manipulate opinions of people. But it will go fast and it wont be immediately, even on the titanic the electricity stayed for a while even if everybody really understand that situation before that point. It will brings the collapse of the debt bubble, the end of all bubble. The next breakout will push us to a market crash. If DJI goes to 25.5k and do a breakout downside, it will be very scary for the market. Its like shorting BTC at 18.5k. Never short a bubble, always long inverse bubble. Inverse bubble right now are the VIX / Gold / Silver / precious metals miners. Because you took the time to read that description, ill give you my favorite miner. Its TSX:WDO , Wesdome mining, this is the best junior gold miner during a collapse with my research. No debt, super growing earnings, own 3 of the best mines in Canada and are only in Canada, a safe juridiction when the everything bubble collapse. If it does, i dont want my mining company to be in third world country. Everything can happen (nationalisation, revolt, etc), so i dont like this. Trade at your own risk!
TVC:DJIShort
by sevensphere
5