Dowjonesanalysis
Short From Daily Supply?US30 - Beautiful looking Daily continuation coming up, looking for a spike into the HTF supply around NYSE open before a break of the momentum and for price to head towards the lows!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
RetracementWould like to see price retrace into 70.5-79% areas. Previous high of 32757 was slightly broken before a sharp push to the downside.
Dow Jones: Move Yourself!Move yourself!
You always live your life,
Never thinking of the future.
Prove yourself!
You are the move you make,
Take your chances, win or loser.
See yourself!
You are the steps you take,
You and you, and that's the only way.
Shake, shake yourself!
You're every move you make,
So the story goes…
Dow Jones should listen closely to “Owner of a Lonely Heart” by Yes as the text of the first stanza is indeed in accordance with what we would encourage the index to do. After it has been given the brush-off by the resistance at 34038 points, Dow Jones has retreated deeply into the green zone between 33724 and 32519 points, even touching the white zone between 32389 and 32241 points below it to finish wave (C) in white. Now, the index should brace up and move upwards, striding across the green zone and climbing above the resistance at 34038 points. However, there is a 45% chance that Dow Jones could fail to pick itself up and could drop below the support at 32167 instead.
Us30 looking for a long position us30 most probably go up at mentioned levels
4h trend line
Key SR levels
Double Bottom in 4h
#Dowjones violated the broadening wedge/I expect growthUS30 (Dow Jones) broke above the descending broadening wedge that I discussed in my previous idea. I anticipate a growth but before that we should watch out for a solid retest to the violated wedge. There's a possibility that the market can drop a little bit more before rising. So we should be cautious. I will wait for further bullish signs for long entries. With first target at 35455.
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Dow can drop another 10%Like all stock indices, also Dow is not "feeling well", with the index starting the year badly and now trading again near support.
The recovery attempt started in March failed hard in the 35k zone and the selling power become very clear 2 weeks ago with a red candle that engulfs one month of trading.
As I said, Dow is trading near support now and I expect a breakdown
My target for this index is the 30k zone.
Sell rallies is, in my opinion, a very good strategy and I will be bullish only if the price pass above 35k
Dow Jones: EnsnaredRemember the Devil’s Snare in “Harry Potter”? It is one of the obstacles Harry, Ron and Hermione have to overcome to get to the Philosopher’s Stone. Quite similarly, Dow Jones is ensnared by the green zone between 33790 and 32534 points, which it has entered already for the second time. We expect it to advance a bit deeper still to finish wave (5) in white, wave c in turquoise and wave 2 in green. After it has managed this task, the index should rise out of the green zone and above the mark at 34038 points. There, it should gain enough upwards momentum to cross the resistance at 35413 points as well. To confirm this scenario, though, Dow Jones must not fall through the bottom of the green zone and drop below the support at 32167. However, there is a 40% chance that this alternative scenario could come into play.
Dow Jones PUPMING 35200Dow will pump till 35200 resistance Because of long sleep in Range mode , And its time to breakup and hit The TP's Good Luck Guys
US30 LongHey traders, in today's trading session we are monitoring US30 for a buying opportunity around 34250 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
DJI - LongThe Dow is going to go up, on the weekly chart, there were two tests that the market performed to gather information as to which way to take the market. Test T1 tested the market for 4 weeks (1 month) to see if the market should go lower, the target test price point for T1 was answering the question, "should we take DJI to 100wk MA", the market sentiment answer was no, this was the purpose of T1. Once this was answered, the market took DJI to the 50wk MA, now the question is should we go above the 50wk or dump the stock, essentially use the rise to dump stock and then proceed quickly (probably 1 week) to the 100wk MA for testing. The testing of the 20wk and 50wk has been done for 3 weeks now, and what is being answered by T2 is the question, "Does the market want to take the DJI above the 20wk and 50wk or does the market want to do a dump at this price reference?" To answer this question look at the 4 hour DJI trading chart (not shown), what you will see on the 4 hour is a healthy trading pattern of support, between the 20hr4, 50hr4 and 100hr4 (hr4 = 4hour chart).
IMO the market will go up, the next key test will be the breaking of 35824 for the DJI, if the DJI doesn't break 35824 then there is going to be a retest of the low of T1, if the market breakes 35824, then the market is going to test 36592, the high of the DJI last year.
In no way should you think we are on a another big leg up on the DJI, at each price point mentioned above, if it isn't broken the Dow will move down pretty quickly to the T1 test area. If 36592 is broken (to the upside), whether you like it or not and it will not depend on all the fundamental news you have been reading of the "crumbling financial foundation of the market and inverted yield curve", the market is going to go up and it is likely to go up viciously, at least until the next price testing point is reached.