Dow Jones (US30): Does It Look Bullish?
It looks like Dow is finally recovering.
The price formed a head and shoulders pattern after a sharp bearish move
and then broke its neckline to the upside.
I assume that we may expect a correctional movement to higher structures.
Goal for buyers is falling trend line on a daily.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Dowjonesindustrial
DOW - Bearish Move ForecastSimilar patterns have emerged on the Dow Jones
We can draw some conclusions based on the chart pattern similarities
- That there is going to be a third bottom completing this pattern
I expect this bottom to be along a major uptrend line, which aligns well with the prior pattern
Dow Jones Index (US30): Major Demand Zone Ahead 📈
Hey traders,
US30 is entering a significant demand zone.
28676 - 30330 is a very important historical structure from where we may see a pullback.
Pay close attention to this area and wait for a confirmation to buy.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
US30 THE DOW 30 CRASH, ONE YEAR LATER UPDATE Last year May we saw a potential crash for the Dow Jones 30 due to inflation fears
and now what we predicted is finally happening.
In our analysis a year ago Dow 30 was trading at 34,644 after reaching highs of 35100
we saw a potential sell signal on the 1W chart which was the formation of a bearish harmonic.
this halted our longs and swings on the Dow.
So what is Fueling the Dows Crash at the moment?
Same thing which was fueling it about a year ago, inflation fears in the US.
US investors have lost their trust in the Fed's ability to control inflation even
with the current 75 basis points interest hike we saw this week during the FOMC on Wednesday
to try and curb inflation, investors believe that the Feds tools have failed. Recent data has shown
that inflation is now at its highest in the last 40 years in the US and analysts have predicted
a decline in US GDP in the next coming years
meaning the US could be facing a recession or is already in one.
WHAT TO EXPECT
Currently @ 29,900
Next support for Dow 30 is 29,500 so we expect it to reach this support level before short term
retracement back to +30,000
Looking at the Covid Crash we expect Dow 30 to fall at least 10,000 points from its highs which were at 36,400 meaning
We expect Dow 30 to reach 26,000 before any reversals,
Our initial target from a year ago was 23,500 and we still think this might be a possibility.
Our positions
Active sell positions @ 31,600 & 31,300 from our last analysis link is attached below
New positions
Sell Limit @ 31,000 TP @ 30,000
Sell Stop @ 29,000 TP @ 28,000
Sell Stop @ 28,000 TP @ 27,000
Buy Stop @ 30,100 TP @ 30,600
Buy limit @ 29,500 TP @ 30,000
Buy limit @ 26,800 TP @ 28,000
Buy limit @ 23,700 TP @ 33,000
Note these are low risk entries
link to previous analysis attached below
Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
DOW looks weak, trading in Downward Parallel ChannelTVC:DJI : 29665 act as a Major support for DOWJONES which is also this weeks Low, if it breaks it can quickly slide down to 28853 level.
On Upside, there is a Sell zone between 31100-31370 levels, if it breaks above this Sellzone, it can give good upmove.
US30Not financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
US30 LongVery tight stop on this. Even though data shows a terrible economy, FED always finds a way to pump the markets up. This is a simple setup that meets the plan so interested to see what happens.
DOW Gap CloseAfter a huge Sell-Off regarding the rumors about a 75 basis points rate hike.
I expect a relief rally towards the 50 EMA.
Breaking DOWn!!DOW30
Intraday
We look to Sell at 31095 (stop at 31410)
We look to sell rallies. Selling pressure dominated price action yesterday and we expect this to continue today. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The bias is still for lower levels and we look for any gains to be limited. Expect trading to remain mixed and volatile.
Our profit targets will be 30200 and 29200
Resistance: 31345 / 32230 / 33000
Support: 30220 / 29200 / 26960
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre
Dow Jones at Perfect bounce back levelDow Jones is at perfect Bounce back level. Personally, I am positive on market with a high probability of upmove. But it is a game of Probabilities.
Dow Jones Index (US30): Key Levels to Watch Next Week 📈
What a bearish week for Dow Jones.
After a long-lasting consolidation, the index dropped again.
Here are key levels for you to watch next week:
Support 1: 30564 - 30742 area.
Support 2: 2945 - 29864 area.
Resistance 1: 33275 - 33475 area.
Resistance 2: 35263 - 35530 area.
Look for breakout/pullback trade from these levels.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Is this an acceptable rising wedge? Any chart geeks?I was wondering what the people thought about the rising wedge potential breakout to the upside.... How possible do you all think this is? Is it considered betting against America if you think we actually break the structure to the downside? Just wondering thoughts from this picture you see in front of your eyes....
DOW30: Moving down? DOW30
Intraday - We look to Sell at 33420 (stop at 33755)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies.
Our profit targets will be 32470 and 31785
Resistance: 33065 / 33640 / 34350
Support: 32495 / 31785 / 30640
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Us30 will drop to 32550 levelsUs30 will drop to 32550 levels
Their is a strong resistance area above 33250
and the downward trend is continue until Hit 33550 levels
Dow Jones: Jack-in-the-boxOr in fact: Jones-in-the-box as Dow Jones has jumped out of the lower green zone between 32374 and 32934 points quite impulsively. Although the index could now directly continue the ascent above the resistance at 33434 points, we rather expect it to come back into the lower green zone to finish wave 4 in green – ideally at its bottom. Afterwards, Dow Jones should rise above the resistance at 33434 points and further upwards into the upper green zone between 34311 and 34823 points to complete wave 5 in green. As soon as the index has accomplished this, it should start a countermovement.
Recession?!!It certainly doesn't look good on the weekly. Price failed to continue that bullish momentum into the SSB. The subsequent rejection n the form of hanging man-ish looking candle is a catalyst for my short. The target is the other side of the SSB. It could just drop and be done in a week you know. . .R multiple is over 3.
DOW JONES SELLING PRESSUREAs illustrated, it would appear that the markup phase is done on the Dow Jones for now as price entered a phase of distribution and broke out. I am anticipating nice selling opportunities for traders but as always manage your money wisely.
Will update as time goes on, stay tuned!
Good Luck.
God Bless!
US30 dowjones sell setup ( short )Prior to this analysis, I had published an analysis in daily timeframe. Check it out first.
Now you see a setup for a sell position at a lower time frame (1H).
If the price reaches the specified block order, we will wait for the trigger in the lower time frame (5m).
DJI potential for rise! | 2nd June 2022On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our 1st support at 32814 where the 23.6% Fibonacci retracement is to our 1st resistance at 33463 in line with the swing high resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DOW is suffering, unable to break the 33200 levelsLike I said in my last analysis on DOW, it might face resistance at 33200 level.
So, I'm taking a Neutral stance and smart money can be seen at Current market 33200 Straddle.
Correlation Between $BTC & DJIBased on 1W TF, There seems to be a good correlation between DJI chart (Mar'09-Mar'20) and BTC (Mar'20-today). Based on fibonacci retracement, We can see that after DJI had reached 1.6 retracement marked with a double top pattern, a correction to 1 retracement took place. Interestingly, these things are also seem in $BTC, as $BTC reached 1.6 retracement marked with a double top pattern, a correction to 0.786 retracement still taking place. Therefore, I guess if $BTC can rally up to 35k-37k resistance zone, I'll prefer to wait and see whether the next correction will make a higher low pattern or 200 weekly MA will touch the next low.
This posting is purely an idea sharing, not a financial advise
DOW might struggle before big UptrendDOW faces a huge resistance at current levels 33200, if it is able to surpass it on Monday on Upside, then strong Upward momentum can take it upto Big sellzone between 33800 & 34100 which is a very strong Resistance on Daily/Weekly timeframes.If Dow can surpass this sell zone with Good Volumes, then Dow can finally move into Uptrend and next stop would be 35300 levels.
On flipside, i.e. on Downside it can quickly test 32500 lvls again before moving higher again.
