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Dowjonesindustrial

My Outlook On The DOW (DJI)Ascending wedge break to the right of long term upward support with highs being hit at 24150 key area of Resistance to test for an attempt at an upward breakout. 23000 is support area for the current range. Weekly crossover for bullish shift and the ema dots are firing green. But, keep in mind that we don't have a close on the weekly till may 4th. Overall the weekly is in development and trying to recover from the crash. We want to watch the open and see if it can push through 24150 with good volume pushing on the books. Currently the one hour is green. If I get a Crossover on the 1 hr to the downside from rejection I'd than look for a 24000 break for a short to test 23000 If breaks to the upside your going to want to see it push towards the old wedge support and see if it rejects as new Resistance. That would be a good place to take profits. We need to keep in mind that the monthly and the 3 month are overall bear pressure. We now scout the weekly to try and find a good long term position to enter here, but it results in if we want to make higher highs or lower lows on the smaller timeframes We still have to be conservative with the higher timeframes. If this ranges breaks down than it could be a Distribution play and could result in a good size drop. I hope this helps, I wish you all the best of luck trading this week! Have a blessed day. 😁
TVC:DJI
by UnknownUnicorn2319099
Dow Jones, Elliott's Waves, Wave C to be completedHello, here is my first graph with Elliott's Waves. I m new to this, and it can be totally wrong, but I do see 3 potential short-term targets on the 4h chart. Any of those could act as a resistance and then we would start going back down. I might try a quick LONG with a tight SL if we break the 23 878 and then get SHORT anytime we get close to 24 200 with a SL at 24500. And go short directly if we don't confirm a break above 23 878 Let me know what you think, thanks !
U
by nightcall_fx
Dow sell. Lower high post breakoutHere we have a lower high on the 1hr chart on the dow after a breakout of the rising wedge on the daily. Nice engulfing pattern too on the 1 hr candle. Its currently trading above the 200HMA but with all other moving averages are crossed under so its good value for a short here. We could expect some selling pressure here in overbought territory and a test in the first instance of the rising trend line and maybe lower. 4 Hr 200MA is still sloping downwards and daily MA's are still bearish. I'l be looking to scale out some profits at the rising trend line and a break of the swing low on the hourly charts.
FOREXCOM:US30Short
by breakoutfakeout
#Dow30 - 1929 vers. 2020? #US30USD #DJIIn 2020 everything went much faster than in 1929 but could the Dow30 go through the same structure? If in 2020 the A = C becomes the same as in 1929, then the Dow still has room for 25,558 points in the short term. Maybe the Dow will do something completely different and climb to new all-time highs, because everything is only half as bad and the world is back to the "old" on Monday and everything is back to normal. However, this structure should be observed more intensively at least in the coming weeks. Greeting Stefan Bode #Dow30 - 1929 vers. 2020? #US30USD #DJI
OANDA:US30USD
by StefanBode
4
Dow Jones Index Mark UpToday we're analyzing the US30! Bias: Neutral I would like to start off by saying that I'm in the middle due to me leaning more bearish than bullish. Why? Price Action is rallying back towards the high end of the curve where an untouched HTFZ ($27325-$29594) is waiting, but on the other hand I'm bullish with P.A's current movement for obvious reasons. I would expect price to repel off the PPZ ($24561) only to find support underneath at the continuation zone ($23197-$23634) and from there to print new HLs & HHs. Confluence *Bull's Favor* (3 or more): 1. Interesting Price Action activity around the $18000 level. *Let me know what you think about this one* 2. Order Block formed ($20607-$25149) right before breaking above PPZ ($22127). 3. Price Action closed above Weekly 200MA. Significant. 4. Bullish Order Block formed ($23197-$23634) right below Weekly 200MA. Massive support. 5. 'V' shape return. *If unaware of this pattern be sure to research it* I'm more bullish IF there's a B.A.R. of the $29594 level, but if price manages to reach the Order Block at the high end of the curve then expect it to be there for a minute considering it's size. We shall see.
FX:US30
by ChrisJTradesFX
Dow Jones - Macro OutlookWelcome to the first of my macro market ideas. My goal is to have a post for each market sector to give you a long term perspective of the given asset class, so that you are able to drill down to smaller time frames and make wise and calculated trades. The Dow Jones Industrial Average has market data on TradingView going all the way back to 1915. Since the Dow is the most mature index for US stocks, it is inherently the market leader. Having a long term grasp on where the Dow Jones is headed will tell you where we are in the market cycle, and help you understand when it is a good time to long or short stocks. I will update this thread on a monthly and sometimes weekly basis with my current perspective on where price is headed. While there are many political and economic factors that impact the Dow, I will do my best to keep this thread purely technical in nature. Please feel free to leave a comment below with any questions at all. I am happy to answer. Best Regards, Micah J Miller
DJ:DJI
by micahjmiller
Dow Jones counter trend rally might reach 25300 Dow Jones remains bearish against 29600 levels in the long run and the recent counter trend rally should not be mistaken as an uptrend. The earlier drop between 29600 and 18200 was an impulse, labelled as Wave (1) or (A). Ideally, a 5 wave move is followed by a corrective 3 waves in the opposite direction. The rally since 18200 lows is corrective, A-B-C and has managed to retrace up to 50% of the earlier drop. A potential Wave (2) could be in place around 23700/800 levels or it could reach fibonacci 0.618 retracement around 25300. Either ways, Dow Jones is looking to terminate Wave (2)/B around current levels or a bit higher before resuming Wave (3)/(C) lower again. Strategy: Sell between 23800 and 25300, stop above 29600, target below 18000. Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
UShort
by ExclusiveMarkets
7
Daytraders, Are You Ready? (DJI)Symbol: DJI This post is for all the day trading junkies out there. I am showing the 30 min time frame with a cross over to the downside. If I double that timeframe and go to the hourly, I'm at a tipping point in thr market. We would enter to short till 30 min and hourly line up to go back to the upside. We are putting our money on red. We will watch closely on the market open . If we see a change in our indicator and strategy than we will have to play break to top. But, for the most part we are short here. ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Also checkout our trading indicator available in the link on our page. --------------------------------------------------- Thank you for your continued support, God bless. - Major League Trader
TVC:DJIShort
by UnknownUnicorn2319099
Dow JonesSymbol: DJI Who said major recessions couldn't be predicted? Buy green Sell red I'm just sayin.... 🤫 ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Also checkout our trading indicator available in the link on our page. --------------------------------------------------- Thank you for your continued support, God bless. - Major League Trader
TVC:DJI
by UnknownUnicorn2319099
2
Dow JonesSymbol: DJI Could be an opportunity to short monday. We will have to wait and see on the open. Be prepared. ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. --------------------------------------------------- Thank you for your continued support, God bless. - Major League Trader
TVC:DJI
by UnknownUnicorn2319099
7