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Dowfutures

DOW JONES Double buy entry on the MA50 and MA200 (1d).Dow Jones got heavily rejected on Resistance (1) and is pulling back to the MA50 (1d). The index is trading inside a double Channel Up pattern. The MA50 and MA200 (1d) each serve as a Support level and potential buy entry. The pattern so far is much alike the December 20th - January 20th fractal and that dipped much lower after its rejection. Trading Plan: 1. Buy on the MA50 (1d). 2. Sell if the (1d) candle closes under the MA50 (1d). 3. Buy on the MA200 (1d). Targets: 1. 34530 (Resistance 1). 2. 33000 (MA200 1d and bottom of white Channel Up). 3. 34800 (under Resistance 2). Tips: 1. The RSI (1d) is printing an identical pattern to December - January so far. This favors a rebound but from a lower level such as the MA200 (1d). Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30
by TradingBrokersView
9
DOW JONES: Levels to trade for continuation of rejection of the Dow Jones is bullish on a 1D MACD Bullish Cross with all of its 1D technicals in deep green (RSI = 60.720, MACD = 99.160, ADX = 23.397). This short term bullish trend is almost the same as April's that was later rejected at the top of the long term Channel Up. Consequently, we are selling at the top, targeting the bottom (TP = 33,300) of an emerging Channel Up pattern. If on the other hand the index crosses over the R1, we will take the loss on the sell and go long, targeting the top (TP = 35,200) of the Channel Up, unless the price closes under the 1D MA50 earlier, in which case we will book the profit earlier. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
U
by InvestingScope
6
DOW JONES: Testing the 1D MA50. Rally if it holds.Dow Jones hit TP1 = 33,650 and is now going for our TP2 = 33,900 as per the trading plan we made last week (chart at the bottom). The 1D time frame finally turned (slightly) bullish (RSI = 51.712, MACD = -40.000, ADX = 28.963) for the first time since May 1st but today's pull back is testing the 1D MA50. If it holds, we expect to reach the 33,900 target that is under the top of the large Channel Down structure. With the MACD having formed a Bullish Cross, there are high chances of this turning into a medium term rally into a new Channel Up. If R1 breaks (34,275) we will buy the breakout and aim at the top of this potential Channel Up (TP = 35,200). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
6
DOW JONES: On an important make or break 1D MA200 testDow Jones is trading inside a Channel Down on currently red 1D technicals (RSI = 42.150, MACD = -137.170, ADX = 39.695). For the past week though it has been mostly sideways between the 1D MA50 and 1D MA200. Today the 1D MA200 held but that alone is not a buy signal. If it crosses and closes over the 1D MA50, we will target first the R1 (TP1 = 33,650) and then the top of the long term Channel Down (TP2 = 33,900). If the price closes under the 1D MA200, sell and target the bottom of the Channel Down (TP = 32,000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
U
by InvestingScope
8
Dow Futures (YM) Looking for 5 Waves Elliott Wave Move LowerCycle from 12.13.2022 high in Dow Futures (YM) is unfolding as a zigzag Elliott Wave structure. Down from 12.13.2022 high, wave A ended at 32686. Wave B rally ended at 34487 as the 90 minutes chart below shows. Internal subdivision of wave B unfolded as a zigzag structure in lesser degree. Up from wave A, wave ((a)) ended at 33663 and dips in wave ((b)) ended at 32750. Index then extended higher in wave ((c)) as a 5 waves diagonal. Up from wave ((b)), wave (i) ended at 33613 and dips in wave (ii) ended at 32943. Wave (iii) ended at 34080, wave (iv) ended at 33489, and final leg higher wave (v) ended at 34487 which completed wave ((c)) and B in higher degree. Wave C lower is currently in progress as an impulse structure. The Index still needs to break below wave A at 32686 to confirm this view. Down from wave B, wave (i) ended at 33916 and rally in wave (ii) ended at 34131. Wave (iii) ended at 33318 and expect rally in wave (iv) to fail and Index to extend lower in wave (v) to complete wave ((i)). Afterwards, it should rally in wave ((ii)) to correct cycle from 1.16.2023 high before the decline resumes. Near term, as far as pivot at 34487 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside. Potential target lower is 100% – 161.8% Fibonacci extension of wave A. This area comes at 30385 – 31952 from where buyers can appear and Index can start to resume higher.
CBOT_MINI:YM1!
by Elliottwave-Forecast
3
DOW JONES: Why bother when the long-term is so clear?The Dow Jones Index on the 1W chart technically got above the neutral point only last week (RSI = 59.193, MACD = 453.990, ADX = 36.049), which on the long-term (year to year basis) are levels the market deem good enough to buy. The price is establishing the 1W MA50 as its new long-term Support and if we draw the log Channel Up of Dow since the bottom of the 2008 real estate bubble, we see that every time it gained back the 1W MA50 after a 1W MA200 test, a new rally started. From a Higher High to Higher High stand-point, the date range is similar (minimum 1120 days, maximum 1365). According to that model, the next Higher High can be around July 2025 max. On a 1W MACD basis, this new rally could be more similar with the one that started in 2016, as both are rising after a double bottom. The Fibonacci channel tool adds great value at finding the projection of the trend as on this Channel Up make effective pivot levels. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
TVC:DJILong
by InvestingScope
4
we bet ,time to sell dow and wait 8 day NFP unemployment 6.1% news comes very very bad , in comming week it will push down market,dow,dax,sp500 if you draw trend base FIBO extention(projection) on last N shape,you will see it reach level 161%(most important level on fibo extention) we advice for next 10 day =looking for sell but put SL=100point,if you eat 2-3 SL dont fear ,continiue looking for sell ,after go 100 point to profit,move sl to open price,shot down platform ,then 4-5 day go and rest ,give time to it go down) www.marketwatch.com
CBOT_MINI:YM1!Short
by ramin_trader2006
US30 BuysHello traders, The bulls have proven themselves dominant in this market. I have a previous analysis where I expect the Dow to reach as high as 30k, which is now a strong possibility. Today I'm expecting more bullish pressure on the Dow we we continue this V-Shape recovery of the stock market. We have a total of 6 confirmations for this trade, on top of the directional bias established on the Monthly and Weekly timeframe. We can not do any analysis on the Daily due to price being extremely bullish, so we need to drop down o H4 to get a better idea on what's happening. We have a possible M-Pattern forming, which is a strong confirmation that we will see continuation of buyers. M's = Bulls W's = Bears When entering, it's best to take some profit out before the first TP. So if you take this, keep that in mind.
FOREXCOM:US30Long
by DRamFX
Elliott Wave View: Dow Futures (YM) Correction Maybe CompleteElliott Wave View of Dow Futures (YM) suggests the Index ended the cycle from June 15 low as wave ((3)) at 29180 high. Afterwards, Index did a pullback in wave ((4)) to correct against that cycle. The correction unfolded as a double three Elliott Wave Structure. Down from wave ((3)) high, wave A ended at 28052 low. The bounce in wave B ended at 28592 high. Index then resumed lower and ended wave C at 27707 low. This completed wave (W) in higher degree. Afterwards, Index bounced higher in wave (X) to correct against the cycle from September 3 high. The subdivision of the bounce unfolded as zigzag correction, where wave A ended at 28331 high, wave B ended at 27886 low and wave C ended at 28404 high. After that, Index then resumed lower. Down from wave (X) high, wave A ended at 27473 low and wave B ended at 27821 high. Finally, wave C lower ended at 27179 low to end wave (Y) and also wave ((4)) in higher degree. While above 27179 low, dips in 3,7 or 11 swings is expected to continue to find support for more upside. However, Index still needs to break above September 3 high to confirm that next leg higher in wave ((5)) is already in progress.
CBOT_MINI:YM1!
by Elliottwave-Forecast
1
Elliott Wave View: Dow Futures Zigzag Correction In ProgressElliott Wave View in Dow Futures (YM_F) suggests the rally from July 30,2020 low has ended at 28069 high as wave 3. Up from July 30 low, wave ((i)) ended at 26457 high and wave ((ii)) dips ended at 25905 low. Index then extended higher in wave ((iii)) towards 27307 high. The internal subdivision of wave ((iii)) unfolded as 5 waves impulse Elliott Wave Structure. Wave (i) of ((iii)) ended at 26678 high and wave (ii) pullback ended at 26439 low. Rally higher in wave (iii) then ended at 27193 high, followed by wave (iv) pullback which ended at 26924 low. Wave (v) then extended higher and ended at 27307 high. Afterwards, the Index did a pullback in wave ((iv)), which ended at 27105 low. Finally, wave ((v)) higher ended at 28069 high. This final move completed wave 3 in higher degree and ended cycle from July 30 low. Index is currently correcting that cycle within wave 4. The correction is unfolding as a zigzag structure, where wave ((a)) is currently still in progress. This will be followed by a bounce in wave ((b)) and then another leg lower in wave ((c)). While pullback stays above 25878 low, expect the dips in 3,7 or 11 swings to find support for more upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
3
Elliott Wave View: Dow Futures (YM_F) Resumes HigherYM_F 45 minutes chart below shows that Index has ended the cycle from July 7 high as wave 2 at 25293 low. The pullback unfolded as a zig-zag Elliott Wave Structure. From July 7 high, wave ((a)) ended at 25661 low. Wave ((b)) bounce ended at 26029 high and wave ((c)) ended at 25293 low. Up from that wave 2 low, Index has resumed higher as a 5 waves Impulse Elliott Wave structure. Wave (i) ended at 25519 high and pullback in wave (ii) ended at 25362 low. Index then extended higher in wave (iii), which ended at 26215 high. Wave ((iv)) dips then ended at 26024 low. The index then pushed higher in wave (v) which ended at 26524 high. The rally ended larger degree wave ((i)) and also broke above previous wave 1 high. This confirms that the next leg higher is already in progress. Afterwards, the Index corrected that rally as another zig-zag correction in wave ((ii)) and ended at 25871 low. From there, Index continued to resume higher in wave (i) of ((iii)), with the internal subdivision unfolding as another 5 waves Impulse in lesser degree. Up wave ((ii)) low, wave i ended at 26310 high and wave ii dip ended at 26156 low. Wave iii then ended at 26817 high and wave iv pullback ended at 26720 low. The index can still make another high in wave v, which will end wave (i) in the larger degree. A 3 waves pullback in wave (ii) should happen before the Index resumes higher. As long as pullback stays above 25871 low, expect wave (ii) dips to find support in 3, 7, or 11 swing for more upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Dow Futures: Strong Move to Open Sunday: Eyeing $26,000Will look at a scalp long if $26,005 breaks will layer profits in from 50 to 200 points as there was a strong move opening up on Sunday. I have stop/buys orders in place. Please keep in mind this is not a long and my order will not be executed until $26,005 breaks (if it never does that is ok) I will cancel my order. About me: I keep trading as simple as possible. Will not give my method but will give you entries. Don't get greedy. Take profits quick when in green. Let's make money together!
OANDA:US30USDLong
by UnknownUnicorn2820659
1
Coronavirus is Curving + Fed Announcement and More!First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, here are a few insights: Markets have rallied Post-Covid, and as restrictions start curving, so will different segments of the market. Also, currently the federal reserve has just made its recent announcement. Anyways, the recent news surrounding the federal reserve announcement have been filled with sensationalism , and outside of this you also have Fauci going around and seeming to be hyping up keywords such as worst nightmare and far from over. Outside of that, you have the Dow Futures dropping like crazy , and obviously you got to be careful in the market. Anyways, today I am looking to predict well, but many people don't invest in the same type of stocks I would usually pick. Be careful folks!
CShort
by gamer456148
2
Dow Futures now short. MACDH divergenceHere we are with another go at a dow short after the failed attempt last night (but with some nice follow through longs today). Now we can see a 1hr MACDH and RSI divergence in overbought territory. We can also see an inverted hammer candle showing potential reversal. There should be some downside potential here. These types of divergences are my A* trades and often give good profit due to the extreme divergence on the MACD histogram. Stop is at 24220. If I get stopped out again that would indicate a lot of buying power and I would expect a run up again, so another opportunity to simply reverse and go long if this short fails.
FOREXCOM:US30Short
by breakoutfakeout