DOWJones Next week!Dow Jones is looking Bullish for next week so lets all get to it! :) Have a great week all!
Dowjonesindustrial
US30 industrial dow jones 4h going to be bearish dow jones is going to be bearish in 4h time frame and a possible rising wedge is going to be formed soon
M formation confirm its bearish style
there is a fake lower high in the wedge and its going to cross the wedge soon
PERFECT - Follow up analysisClick the link in the "Red circle" to see the previous analysis, and also here's attached below the link to see the beginning of this analysis before the election:
I reckon it will reach the final target before the year ends. PERFECT Trades and Analysis!
Catalyst:
- Covid-19 vaccine breaking news
- Trump v Biden breaking news
Bullish Pattern Formations On All Major IndicesThe SPX, DJI, and IXIC indices have been forming consolidation patterns after the market-wide rally in early November.
Each chart is displaying bullish hidden divergence and an oversold stochastic RSI on the 4h.
Expect more upside until the upper lines of resistance are met, at which point the indices will either reverse or resolve upwards.
Potential HUGE trade - Follow up analysisHere's below the beginning of this trade/analysis, PERFECT entry!
My short-term analysis to sell the pull-back went through, it fell a few hundred points, but unfortunately, it got rejected at 28900, just a few points above the short-term target.
Currently, it breaks the strong resistance already. As long as it stays above the major support, my analysis and the final target remain the same. I reckon it has the potential to reach the target this year.
Catalyst:
- Covid-19 Vaccine
- Trump v Biden breaking news
- Price action
DJI - Comparing Today's Market vs September 1929Comparing similarities between today's Dow Jones vs. 1929 boom & crash.
Looking at 1929, there was a similar, but shorter-term double top prior to the crash, but instead of crashing after an apparent double top, we blew upwards massively first and then crashed.
DJI - Update: Long-term Head and Shoulders Bear Market IdeaRe-posting an old chart to see how we're doing in comparison, link to old chart below.
It was a PERFECT trade !! - Follow up analysisHere's our entry before the election. It was a perfect trade!
And here's the follow-up analysis. It has reached the short-term targets.
Currently, I reckon it has the potential to fall to the 28000-28600 zone. If it rejects that zone, I will re-enter a long trade.
Keep your guard up because the election drama is so hot right now!
US30 IDEA NEW IMPORTANT LEVELS 4H DOW JONES INDUSTRIAL AVERAGEUS30 IDEA NEW IMPORTANT LEVELS 4H DOW JONES INDUSTRIAL AVERAGE INDEX DOWJONES30
US30 is range bound ,Below mentioned new levels will help you to keep SL and to book profits .. Safe and Happy trading..!!!
30114
29982
29727
29179
28375
US30 29360 + 0.63 % LONG IDEA * CONTINUATION PATTERNS HEY EVERYONE
A look at the DOW JONES INDEX that has been rallying up and hitting higher highs then saw a push down correction or retracement now currently trading in a ascending triangle on the 1H char looking for a break above of this structure to see continuation to the upside target the fib extension a break below changes the whole trading plan.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET THE WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Dow- Different story, same ideaAs SP500 and Nas100, we also have a strong recovery on Dow since March's low, but, unlike the others, the major companies index couldn't make a new all-time high( above February's high). Also, unlike the others, the recent low is a lower low, not a higher low as we see in Nas100 and SP500.
The index now is also in resistance and is contained in a descending channel.
I expect a new leg down and in the medium term Dow can reach 25000
DJI ELLIOTT WAVE ANALYSISDJI IS IN CORRECTIVE WAVE 4. SEEMS LIKE IT HAS COMPLETED THE CORRECTION WHERE A=C EQUALITY HAS ACHIEVED. IT SHOULD START WAVE 5 RALLY FROM HERE WHICH SHOULD END ROUGHLY NEAR 32500 ODD LEVELS.
Tech Bubble Finally poppedNew wave of the corona spicing up the markets once more, or is that just an excuse for the sell off to come. Talks of Tech Bubble has finally burst. Election aroma in the air and Price is already showing some reactions. I like the 28000 whole level. If Shorts start to cover and bulls hop on the ban wagon, I would expect Price to stall round about the 27750 - 28000 whole level. Lets see if these fortune 500 companies' earnings can save what's about to happen, factoring quantitative easing into the equation. Bear Market around the corner???🕵️♂️🤷♂️
DJI - Double Top Duo may lead to Mega-Double Top CrashSee notes on chart, two confirmed double tops, one that started the March crash, and another confirmed today, could lead to a much worse crash than seen in March.
Hope I'm wrong! Related past ideas linked below.
DJI close shaveDJI came damn close to breaking through that Ichimoku Cloud Support! If it didn't get saved by the support then it quite possibly would've broke through the 200EMA and we would've seen the Conversion Line cross back under the Base Line of the Ichimoku Cloud. If it eventually does, then we'll probably see 25000 again which is around the 38.2% Fibonacci Level on the daily. Maybe not today, maybe not tomorrow, but maybe soon! 🤔 The STOCH is also indicating there is room to drop further on the daily before getting into oversold territory. It'll be interesting to see if it can break back above the resistance of the Base Line on the daily. I'll be interesting to see what this week brings! 🤔
US30 SELL OPPORTUNUTY, BIG DROP COMMING SOON.. US30 / DOW JONES SELL LIMIT @ 28450.00
SL: 29200.00
TP1: 27500.00
TP2: 26600.00
DOWN JONES WILL MAKE LIFE TIME HIGH THIS YEAR DOWN JONES WILL MAKE LIFE TIME HIGH THIS YEAR . FIRST IT WILL COME ON SUPPORT THAN IT WILL MOVE UP SIDE .
