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Dowjonesforecast

US30 Breakout Setup – Targeting 43700 and 44000 US30 is showing strong bullish momentum with price holding above an ascending trendline, I am currently seeing consolidation near a key resistance level if price breaks above 43346 it could signal a good buying opportunity, I am targeting two main levels for take profit: First target: 43700 (minor resistance). Second target: 44000 (psychological level). My Stop Loss is set just below 43000 to protect the trade, right under the 0.618 Fibonacci retracement and trendline support, Trade Setup: Buy Entry: Above 43346 on a confirmed breakout. Stop Loss: Below 43,000 (protected by the Fib 0.618 level and trendline). Take Profit 1: 43700 Take Profit 2: 44000 This setup has a strong risk reward profile and follows the ongoing bullish trend in US30, Watch for a strong breakout before entering the trade! Best of luck!
CAPITALCOM:US30Long
by kashifone1
Dow Jones to be bullish next 2 daysDJ is expected to be bullish today and test the order block on D1 at 50%Fib level. The expected move is demonstrated in the chart. The last D1 candle was a bullish engulfing candle which finished the two day consolidation and now the price is expected to target an order block on D1 which is expected to be a strong one as it is coming off from a previous order block. Next two days is expected to be bullish on DJ and we will see some bearish move on coming Friday. Good luck and use proper risk reward This idea is for educational purpose only and not a financial advise .
PEPPERSTONE:US30Long
by tuahawaqar
Dow Jones waiting for the inevitable break up or down?The Symmetrical Triangle is notorious for indecision. The price moves to the Apex in a symmetrical fashion and it's up to the traders to decide on whether to go long or short... We can see there are two scenarios. Either it breaks up with the 1st target to the top of the triangle at 35,653. Or it breaks down, breaks through the Uptrend for the first time since March and it drops down to 33,607.. Where to? It is honestly anyones game right now. My intuition says it will break down. The Price action is weak and the candle of selling seems strong... Also with the the interest rates staying put but having warnings that there will be an increase in rate hikes, is making traders feel trepidation for the markets. Which way do you think it'll break?
DJ:DJIShort
by Timonrosso
Dow Jones: Breather 😮‍💨Dow Jones is taking a breather near the resistance at 34 363 points, showing (again) a distinct response to this mark. Soon, though, the index should resume the ascent to develop the top of wave (i) in blue, which should then initiate a prominent downward movement. However, there is a 30% chance that Dow Jones could drop below the support at 32 246 points, plunging into the orange zone between 31 675 and 29 939 points to already expand wave alt.(ii) in blue. From this low, the index would then start a fresh upward movement.
CBOT_MINI:YM1!
by MarketIntel
DJI looking for upside resumptionGood morning all! I'll be breef as I the count kind of speaks for itself. It looks like we are ready to resume higher into wave 3 as we are looking at what appears to be a clear three wave move into wave 2. It looks like TECH will be giving a break and VALUE will come back strong into sector rotation. CHECK OUT my previous post on the NASDAQ which played out perfectly, let's see if this post will have the same faith. Feel free to ASK me questions in the comments. Enjoy the weekend and trade safe!
TVC:DJILong
by EWFAlessio
Dow Jones: Friday Feels 🍾After moving sideways, the Dow Jones should finally commit to dropping to the orange target zone. Within 32 401 and 31 689 points, the Index should hit the corrective low of the orange wave iv, which would turn the trend back North. On that note, we expect the course to rise above the resistance line at 34 707 in order to complete the blue wave (i). In our alternative scenario with a probability of 45%, the Dow Jones could exceed the resistance mark at 34 707 points right away, without dropping into a correction beforehand.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones Analysis 22.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
OANDA:US30USD
by basictradingtv
20
Dow Jones: Defenses 🍵When it’s cold outside, it’s always important to strengthen your body’s defenses. To boost its own immune system, Dow Jones is currently taking an invigorating sip of hot turmeric-ginger tea in the form of the orange zone between 33 283 and 31 689 points. We expect the index to expand this healthy swig to finish wave iv in orange. Afterwards, it should be bolstered enough to tackle the resistance at 34 707 points. There’s a 30% chance, though, that the warm beverage might relax Dow Jones too much so that the index could slip through the orange zone. In that case, it should drop into the blue zone between 30 955 and 29 934 points first before climbing upwards again.
CBOT_MINI:YM1!
by MarketIntel