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Dowjonesanalysis

Dow Jones (DJI) -> Back To The TrendlineMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Dow Jones. At the moment the Dow Jones is retesting its previous all time high which is roughly at the $35.500 level and the index is already starting another bearish rejection. If we see a retracement back to the lower bullish trendline of the rising channel which is sitting at the $30.000 level, this will be a textbook bullish continuation setup on the Dow Jones. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
TVC:DJIShort
by basictradingtv
21
DOW JONES - Streamlining My Long-Term View For Clarity..."As mentioned previously, I decided to take a hiatus from chart analysis to focus on personal growth. I'm committed to delivering high-quality insights and refuse to share subpar ideas just for the sake of it. Continuous improvement is my mantra, and stagnation isn't an option for me. During this break, I've reevaluated my bearish stance to gain a fresh perspective. This shift in outlook has enabled me to grasp the potential bullish future of cryptocurrencies. Understanding the 'why' behind these possibilities has been crucial, and my chart-free period has been instrumental in achieving this clarity.
TVC:DJI
by AriasWave
1
Dow Jones Industrial Average Key MomentMACRO MONDAY Dow Transportation Average Index DJ:DJT The Dow Jones Transportation Average (DJT) is a price-weighted average of 20 key transportation stocks traded in the United States. The transportation sector acts as a leading indicator as it is further up the value chain ahead of the final products being sold by companies in Dow Jones Industrial Average $DJI. For this reason, in some circumstances we can use the DJT as a helpful leading indicator for the direction of the economy Currently we are at a critical juncture on the DJT chart as we are testing significant resistance levels - The DTJ Index is at a critical diagonal and horizontal resistance level - A break through or rejection of the resistance will provide insight into the direction of the economy - There is a potential Head and Shoulders pattern that needs to be validated or invalidated which will be defined by the price reaction to the resistance zone. We can observe what happens over the coming weeks and how price reacts to the resistance. Can it break above it and turn it into support? When the DJI is climbing higher while the DJT is falling, it can be a signal of economic weakness ahead. A divergence of this sort means goods are not being transported at the same rate they are being produced, suggesting a decline in nationwide demand. This type of divergence occurred prior to the March 2020 crash with the DJT making its ATH in Dec 2020, thereafter the DJI made a new ATH in February 2020 whilst the DJT was closing almost 5% lower making a lower high. Those that study Dow Theory were key observers of the divergence and acted accordingly safeguarding their portfolios. Thankfully, at present there is no divergence. I will follow up in the comments with a chart showing that the DJI and the DJT are currently very closely aligned. Regardless paying close attention for a divergence could be very beneficial for your portfolio. I will certainly be on the look out and notify you in the event of. Thanks for reading and welcome to Macro Mondays PUKA
DJ:DJT
by PukaCharts
Dow Jones -> Fighting The Little Brother NasdaqHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of DowJones 💪 With the recent retest of a previous monthly resistance level, now turned support, and in confluence with a retest of the 0.382 fibonacci level the Dow Jones started a new bullrun which will certainly continue going into 2024. On the weekly timeframe the Dow Jones just broke above a major previous weekly bearish trendline and since then created a solid +5% rally and with the recent bullish momentum I simply do expect the creation of a new all time high soon. I have also been bullish on the daily timeframe on the Dow Jones for quite some time and so far everything payed off nicely - I am still waiting for a drop though to then scale into more buys on the Dow Jones to perfectly ride the next bullish wave. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
DJ:DJILong
by basictradingtv
32