Dowjonesindustrial
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
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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.
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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.
DJI down 17% to 30636 VWAP fr Covid low; will 20% @29570 be nextDJI retraced already 17% from 36952 ATH to a low of 30636, now at 32120. This completed a 1:1 abc corrective wave. 30636 is also the black VWAP from pandemic low. This may be the bottom if 30636 holds.
If it does not hold, DJI may retrace 20 % (bear market boundary) to 29570 pivot which is also the pre-pandemic top. This will be near the 0.382 FIB retracement level from pandemic low of 18213 to ATH of 36952. This will also be a retracement back to the base of my slanted FIB CHANNEL.
If yields continue to rise, value stocks will outperform growth & tech stocks.
Not trading advice
DOW 30: STILL BEARISH?Currently trading @ 31773
The Dow has been in a bearish trend for 8 weeks now and we still expect it
to continue its bearish trend.
Currently approaching the edge of the descending channel
We expect it to reject a potential break-out and it to continue to the downside.
Long-term we expect Dow to reach August to November 2020 support levels @ 29200
before some short term retracement to the upside in the month of June.
Short term key entries(Bearish)
Sells
Sell limit
@ 32,000
Sell Stop
@ 31,600
@ 31,300
Long term key entries(Bullish)
Note: on 1D & 1W chart Dow 30 is showing signs of turning bullish
Buys
Buy limit
@ 29,300
@ 30,200
Buy Stop
@ 32,700
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.
DJI Death Sentence!The Dow is looking bearish AF!!! if we close below the 21 EMA on the monthly chart our next downside target will be between 21k and 23k.
NAS100 setting up like its 2007NAs100 hits 1.618 Fib perfectly , this could be the local bottom for now but setting up for a much bigger fall later on.
The bar pattern from 2007/2008 crash is looking very similar right now and we could be setting up for a much larger move down . I have overlayed the bar pattern from the drop in 2008 , a 50% drop would hit the 0.618.
It's Not Looking Good For The Dow!This is going to be the worst and best time in the history of the stock and crypto markets. Life changing moves are happening! Don't miss this drop!
Price targets if we continue the down trend:
28692.08
23531.31
Dead Zone Targets:
18152.33
16232.57
Dow Jones: Move Yourself!Move yourself!
You always live your life,
Never thinking of the future.
Prove yourself!
You are the move you make,
Take your chances, win or loser.
See yourself!
You are the steps you take,
You and you, and that's the only way.
Shake, shake yourself!
You're every move you make,
So the story goes…
Dow Jones should listen closely to “Owner of a Lonely Heart” by Yes as the text of the first stanza is indeed in accordance with what we would encourage the index to do. After it has been given the brush-off by the resistance at 34038 points, Dow Jones has retreated deeply into the green zone between 33724 and 32519 points, even touching the white zone between 32389 and 32241 points below it to finish wave (C) in white. Now, the index should brace up and move upwards, striding across the green zone and climbing above the resistance at 34038 points. However, there is a 45% chance that Dow Jones could fail to pick itself up and could drop below the support at 32167 instead.
Dow Jones Index (US30): Important Decision Ahead 📈
Hey traders,
US30 is testing a major weekly demand cluster again.
For those who want to catch a bearish continuation,
I would suggest waiting for a breakout of the underlined blue area to the downside.
If we see a daily candle close below that, the market may drop to 30.000 support.
Be prepared!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
