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Dowjonesindustrial

SHORT POSITIONUS30;TECHNICAL BEARISH:FORECAST US30 (DOW) failure on breakout could lead to a sharp breakdown The psychology of an ascending triangle failure If a bearish breakout occurs, a 1200 point move lower is possible…. Is the breakout to new all-time highs in U.S. blue chip names cause for concern? It will be if certain developments begin to play out soon. Volatility has been low, complacency has set into a market where complacency looks as if it should be replaced with heightened alertness. Today, I am only going to take a look at one particular pattern in one index, however; there are multiple macro developments which at the very least raise caution flags that the entire ‘risk-trade’ could soon come under pressure. I recently went into greater detail on the subject – read here for more. Soon, I will revisit the topics in that article with some additions. The US30 (DOW) has been coiling up into a wedge since the beginning of the year. Traders across all asset classes have felt this constriction in volatility, as price swings in everything from stocks to rates to commodities to FX have become increasingly smaller. To see that, all one needs to do is look at a daily chart of almost anything with the 10-day ATR indicator plotted at the bottom – average daily swings are dripping lower. The US30 during this triangulating process has witnessed nearly a 45% decline in daily price movement. If the following scenario occurs, it is very likely that bigger, maybe much bigger price movement will return. On Monday, the US30 broke out to new all-time highs. How exciting, right? Not so fast…that breakout has already failed, for now at least, and we sit just about where we started the year. Why this fascinates me – when triangles, like the one the DOW is stuck in now, breakout and fall back into the pattern, it had better regain breakout levels soon or it is in real risk of breaking out in the opposite direction. If you find this helpful and want more FREE Updates on TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ 1_GFX English Support Team ❤️
UShort
by AFFINITY_MARKETS
2
The Best (passive) Index SHORT in the world. - The Dow!The Title Chart is the DJIA/Nikkei225 - the best of them all. Here are the rest; This one is not very representative since it reflects the weakness in the Pound. Still, it is a country-mile better deal than holding the Dow (Long). Well, you get the idea as the rest of the worldwide indexes reflect the same story, across the board. (With the Asian Indexes leading the pack vs. the DJIA!) One other, important issue to consider that these - above -declines haven't even factored in the Currency Differential(s) between between local currencies and the U$D. - Doing so, the Dow has an even grimmer future.
TVC:DJIShort
by Nemo_Confidat
US30 33155 + 0.33 % LONG IDEA * PRICE ACTION & STRUCTURE HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE JOE DONES INDUSTRIAL. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES some rules on exits & entries hope they help. 1. look at structure be it descending channels, pennants and so forth basically price action whats price doing. 2. If you use indicator determine does it align with your play e.g is it overbought/oversold where there market is it in a pull back to structure or continuing does price alighn with your indicator. 3. entries from 30M , 1H, 2H & 4H time-frames the higher the time-frame the more likely it will end up swing or long term. 4. aggressive trades can be executed on the pull back / or at ranges of structure that's when you are a scalper or your trade are Intra - day based 5. price action must definitely align with the plan.' 6. structure definitely 7. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. That's basically entry & exits plan basic guide lines RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu
DowJ divergence and market collapse by end of year??The monthly Dow index is dominated by divergence, thus indicating the direction of the market, the same was in February during the covid-19 expansion (the market anticipates this a few months before and do not understand how it did so). With the formation of the divergence against covid-19, it began on September 04, 2018 (dark red) (blue line on January 2, 2018) and ended on December 02, 2019, it caused significant damage to the market along with the covid-19 pandemic. But the bears divergence was replaced by a bull that started on January 4, 2016 and ended on March 02, 2020. And the bull divergence was much longer and the market went much higher. And this new divide divergence, which began on January 2, 2018 (dark blue line) and may end in the second half of this year. I think after this long bull market there will be a pretty strong market depreciation later this year, and definitely stronger as it was a couple of weeks ago. But as I mentioned, if rsi rise above 93.09, otherwise there will be bears divergence and the Dow index will fall, thus starting to collapse the market. From a technical analysis point of view, everything is very simple and basic. But it is a powerful tool that makes a big impact on the market. If you have anything to add, write it in the comments.
TVC:DJI
by MantasJanusaitis
🩸 🐖 "Bulls make money, bears make money, pigs get slaughtered"Hi guys after Friday rout there are new developments in stock market indicies. Last week price action on AMEX:DIA formed bearish reversal pattern buying climax above upper megaphone pattern line at the top of rising wedge. This rising wedge is 5th Elliot wave which is signaling trend will reverse soon. As you can notice in chart last week realized volume was relatively big and volume week ago last week was rather small. Thats the signs that bears taking control significantly in recent days. I expecting this week breakdown bellow megaphone upper line and begin forming corrective wave (a). If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
AMEX:DIAShort
by Tomasgei
6