DOW on a bearish price action 🦐Dow on the 4h chart is moving in aseries of lower low lower high.
The Price is now testing a key support and according to Plancton's strategy if the market will make a clear break below we will set a nice short order.
Dowjonesindustrial
Dow Jones Index (US30): Oversold Market & Pullback
Dow Jones Index reached a key level.
Testing that, the price formed an inverted head & shoulders pattern on an hourly time frame
and broke a resistance line of a falling wedge pattern then.
I expect a pullback now.
Goals: 32950 / 33110
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us30 decline from 71% to -37% of yesterdays price displacementus30 is going to drop more than 330 points to erase yesterdays rally. Give me a follow if it pans out correctly.
Dow Jones Index (US30): Detailed Technical Outlook 📈
Dow Jones is consolidating within a horizontal trading range for more than 4 weeks.
Depending on the reaction of the price to its lower boundary,
the market may drop sharply.
To confirm a coming bearish wave, wait for a bearish breakout of 33450 - 33660
and a rising trend line. We need a daily candle close below them 2 to confirm the breakout.
A bearish continuation will be expected then.
Goal will be 33060.
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DJI - Be Ready My FriendsHi, this is my new update for DJI. As you see in the first picture, we are exactly in the same place we should be for a big crash. It is difficult to estimate a date, but I expect we are going to see 80% downside on DJI in the near future.
Right now we are on a beautiful uptrend channel pattern and it has acted as resistance level multiple times and the middle line has acted like support level multiple times. At the same time we have An RSI divergence in monthly chart and that indicates we are ready for bearish signals.
DOW Jones Buy or Sell ?Pair : US30 ( DJI - Dow Jones )
Description :
Impulse Correction Impulse
Completed " 1234 " Corrective Pattern
Divergence
S / R Level
Symmetrical Triangle as a Corrective Pattern need to wait until it Breaks the Upper or Lower Trend Line
NDQ/DJI - Short; Significant Statistical Arbitrage opportunity!While the NDQ/DJI, itself, represents a significant trade opportunity here, even more notably, a number of the index components display remarkably skewed "Greeks"! (For example, APPL-GOOGL, CAT-PEP, TSLA-BA, etc..) E.g., It is a rather strait forward process - at these levels - to assemble baskets of stocks (Long) in each index (Short) with rather juicy, +30%-40% near term (<7 months!) profit targets.
All this is a strait forward process - once one starts looking :-)
p.s. Will provide ideas for some of these stock baskets if/as time allows.
DIA Bullish pennant Dow Jones formed Golden Cross on DEc 14th now forming a bullish Pennant. Still above 200, 50 Day Moving Avg. If it breaks the pennant, we see more upside and may reach 2022 highs this year.
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.
Dow Jones needs a breakout before an entry kicks inConfused Triangle has formed on the Daily.
We are in the apex, so awaiting a breakout.
First 7>21>200 - Bullish
RSI >50 coming down (mixed)
Target up 36,288
Target down 31,559
This clearly shows the confusion with the index as well as the fundamentals with the uncertainty with interest and inflation rates.
The Fed is having a meeting tomorrow to discuss the macro aspects, which it looks like investors remain trepidatious.
I will be waiting for the breakout before making any rash decision.
Dow Jones Index (US30): Detailed Technical Outlook 📈
Price action analysis on Dow Jones.
Key levels & momentum.
Potential scenarios and trading recommendations.
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Big drop on DOW Jones/US30Looking at three potential areas to short the market from.
Firstly we have the 4hr distribution that occurred prior to the short term drop in the market.
Then we have a potential short from somewhere in between the FVG of the two daily candles.
Lastly, the 50% of the huge daily wick seen in December could be a top in this market from where we can see new lows being made below the 28700 level.
Dow Jones Harmonic pattern - DJ30 Potential Bearish Bat CFDHi there,
Short note from me - This week could be crucial for the next quarter especcialy we have 3 decisions about interest rates: FED, ECB and BOE. But today i want to show you potential bearish bat harmonic pattern what I found on DJI30, which means we are going to test some lower price levels.
My scenario for FED on wednesday:
- rise interest rate by 50 bps - we all going down,
- 25 bps, but- market going down until wednesday: we are going up in short term,
- 25 bps, but- market going up: short, sell the news,
- 0 bps (unlikely), going up,
Outside this I'm still more bearish in particular that the downside formation was formed.
US30 LONGCURRENCYCOM:US30
A potential buying opportunity on US30. Should price manage to retest at support with a entry confirmation candle. I will go long on US30
Dow Jones Analysis 25.01.2023Hello 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!
You can also check out my previous analysis of this asset:
BIg Move DOWN?My analysis suggests that the market will decline by -3.7% in the next 27-30hours. Tell me what you think down below
DOW Headed up to 37 -> 40kQuick post - Daily 50/200 EMA shows a golden cross, W pattern / double-bottom breakout re-tests have succeeded in staying above the upper trend-line.
It also continues bouncing off the 50 EMA.
We may find some resistance in the area of the red box. TP 1 is ~37.8k, TP is ~40.2k, expecting a pit stop around 35k in the resistance area as it makes its way towards suggested targets.
DXY finds new troughs in correlation with DJI finding new peaks. Our recent lows on DJI correspond to DXY's recent peak. DXY has fallen back to the area where it broke out, suggesting a recovery. Should it remain below 102-103, that recovery could be extended. If it gets and stays well above 103 again, this recovery will be short lived.
If DXY turns up above 103 and becomes bullish again, we could see a double-top instead of reaching targets above previous ATH.
Dow Jones 30 found support, potential to go higher from here?Dow Jones 30 Index
The multi-week sideways price action seems to be the consolidation of the October - December advance, bullish conditions appear to remain intact provided the 32,950 support area proves true.
Not investment advice. Past performance is not indicative of future results.
DJIA Monthly Chart ReviewToday you can review the technical analysis idea on a 1M linear scale chart for the Dow Jones Industrial Average Index (DJI).
In the chart, I added in the RSI as well as review the Great Recession history to get an idea of where the DJI is headed. It seems that the DJI has been moving up an ARC with a possibility to come down and touch it again. It is currently inside a descending channel . If DJI price falls as much as it did during the Great Recession, it could come down to the $18K level where there is strong support. The RSI could support that type of drop as it is no where near the oversold region.
This is presented on the monthly chart so please have patience.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
Dow Jones target still on track and new Target to 39,000Old Cup and Handle on Dow Jones is still in play and the target remains at 36,694
A new C&H is almost confirmed with the break to the upside.
The new target is 39,000
7>21 and price >200ma
Broken out of medium term downtrend
Bullish
The Dow Jones seems to be following the January effect (with expected upside)
Also, with Inflation coming at 6.5% as expected, shows the Great Inflation stage is over for now.
This is good for the economy as people will spend more and invest more.
Hopefully the rally will continue.
Possible Daily Uptrend?Since JAN 22 we have been in a downtrend on US30, making LH's and LL's.
Recently, a CHoCH formed, creating a new HH and a possible HL.
