DOW Elliott Wave Analysis for Monday 26/06/2023A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
Dowjonesindustrial
DOW Elliott Wave Analysis Higher Timeframe (24/06/2023)The DOW looks bullish and might be preparing for a Wave 3 to the upside. However, minimum requirements for a Wave 2 to the downside were not fullfilled. As long as we do not take out the Wave 1 high, it could be that we still make a new low as a Wave 2.
Dow Jonex Index (US30): Top-Down Analysis & Trading Plan
Dow Jones Index is testing a peculiar zone of confluence on a daily:
we see a perfect intersection between a horizontal support and 382 retracement
of the last bullish impulse.
Analyzing 4H time frame, I see a falling wedge pattern.
To catch a pullback with a confirmation, I suggest looking for a bullish breakout of the resistance of the wedge. 4H candle close above will confirm a violation.
A bullish continuation will be expected to 33970 / 34040 levels then.
Alternatively, a bearish breakout of the underlined blue zone will push the price lower.
❤️Please, support my work with like, thank you!❤️
DOW Elliott Wave Analysis for Friday 23/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. We see two areas where to go long. Traders can choose a shallow retracement (wave 4) or a deeper retracement (wave 2).
DOW Elliott Wave Analysis for Thursday 22/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. We see two areas where to go long. Traders can choose for a shallow retracement (wave 4) or a deeper retracement (wave 2).
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.
DOW Elliott Wave Analysis for Wednesday 21/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. As presented yesterday, traders should be long now and protect their trade. In the case of a complete structure, a deeper retracement is possible.
DOW Elliott Wave Analysis for Tuesday 20/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
DOW Elliott Wave Analysis for Monday 19/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
DOW Elliott Wave Analysis Higher Timeframe (17/06/2023)The DOW looks bullish and might be preparing for a Wave 3 to the upside. However, minimum requirements for a Wave 2 to the downside were not fullfilled. As long as we do not take out the Wave 1 high, it could be that we still make a new low as a Wave 2.
💾 DJIThe Dow Jones have been left behind compared to the SPX and NDX but the chart still looks pretty good.
We have a hammer 25-May after a months long correction, followed by a full green candle. This is a reversal signal with confirmation the next day.
We just need to see follow up on Monday but looking at the three major indexes together, SPX, DJI and NDX, we are going to call it bullish.
The blue spaces on the chart is the strong support.
The DJI is trading within a long-term higher low.
The bias is 100% bullish.
We will see how it goes but we expect it to grow in the short-term based on the current look of the chart.
This can change if the support levels break.
If support remains intact, up we go!
Namaste.
DOW Elliott Wave Analysis for Friday 16/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
DOW Elliott Wave Analysis for Thursday 15/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 1 hour, we see 5 waves up and wave 5 is clearly ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
DOW Elliott Wave Analysis for Wednesday 14/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 1 hour, we see 5 waves up and wave 5 is clearly ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
DOW Elliott Wave Analysis for Tuesday 13/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 1 hour, we see 5 waves up and wave 5 is clearly ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
DOW Elliott Wave Analysis for Monday 12/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 1 hour, we see 5 waves up and wave 5 is clearly ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
DJIDJI CMP 33876
This is Quarterly chart of DJI,
There is Wave counts right from the Great Depression low
looking at the charts ,
one can see that we are in wave 5 (blue)
the internal counts (grey) shows subwave
whenever this superwave gets completed....
one can expect markets to correct for next few yrs...
Just a View!!
Vedang :)
Chart is for study purpose only!!!
DOW Elliott Wave Analysis Higher Timeframe (11/06/2023)The DOW looks bullish and might be preparing for a Wave 3 to the upside. However, minimum requirements for a Wave 2 to the downside were not fullfilled. As long as we do not take out the Wave 1 high, it could be that we still make a new low as a Wave 2.
Combined US Indexes - Breakout to meet resistance?As marked, it has 4 candles after closing above the resistance and is on a very bullish breakout. Thing is, the indexes just moved into a resistance zone. And there is a potential confluent resistance point just above.
Overall, bullish until meeting resistance, then we should have a pull back of some sort...
US30 showing large Ascending Triangle to 39,699Ascending Triangle has been forming since Oct 2022.
There are higher lows and same highs.
Once we get a breakout above, it'll be smooth sailing up.
Price>200
RSI>50
Target 1 is to 39,699
Then world markets will follow including JSE ALSI 40.
$DJIA -Awaiting Apex's End *2WBig Move incoming for Dow Jones Industrial Average.
AMEX:DJIA has created Triangle's Apex approaching the end .
Note that this is a Neutral Pattern, it can go each ways ;
Bearish and Bullish.
(depending on TVC:DXY , Geo-Politics & Macro Economics conditions)
For now, it's better to observe and stay sharp and await for further confirmations.
Nothing is clear yet TA speaking for AMEX:DJIA
AMEX:DJIA is one of the Heaviest Financial Sector for United States.
That being said,
it is very important to always have a lookout of its Price Action
and Trends Directions for further clarification of how other US Financial Sectors
will perform.
A Change of Charachter would definetely bring more clarification of reaching levels
of ATH or LOW
At the time of this idea being released price is finding some support at S/R
zone and 20-50EMA over maintaining their bullish crossover.
For now, it's better to observe and stay sharp and await for further confirmations.
Nothing is clear yet TA speaking for AMEX:DJIA , as well taking in to consideration
The Debt Ceiling decision that is yet to take place.
TRADE SAFE
***
Note that this is not Financial Advice !
Please do your own research and consult your Financial Advisor before partaking
any trading related activities based soly on this idea.
🚨US30 High Probability BUY Setup SOON🚨
* Here we can see clearly the next potential move for US30 on coming hours or day.
* We can see it's forming Inverse Head & Shoulder Reversal Pattern.
* EP(BUY): 32956.63.
* TP: 33123.62.
* TP2: 33191.17.
* Keep your eye close on your trading positions.
* Happy pip hunting traders.
* FX KILLA *
