Dow Jones Industrial (Bullish Swing View)TVC:DJI
Entry: 33029.12 (Higher High)
Stoploss: 32585
Target: 34083
Dowjonesindustrial
DOW Elliott Wave Analysis for Friday 03/11/2023In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as a WXY structure. It looks like we are working on a wave X as an ABC structure.
DOW Elliott Wave Analysis for Thursday 02/11/2023In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as an ABC. The five waves down from the high might also indicate a bearish flat scenario. In the lower time frame, we did not respect the wave ((iv)) area of a potential wave 5 of wave A. Therefore, it looks like we are doing a WXY and the corrective wave X is now ending.
DOW Elliott Wave Analysis for Wednesday 01/11/2023In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as an ABC. The five waves down from the high might also indicate a bearish flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete. If we do not respect the wave ((iv)) area, it looks like we will have a WXY instead of an ABC.
DOW Elliott Wave Analysis for Tuesday 31/10/2023In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as an ABC. The five waves down from the high might also indicate a bearish flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete.
Dow Jones - Support Becomes Resistance 📉Hi Traders!
On The Daily Time Frame,
The US30 Price Broke a Support Level (32578.50 - 32855.30)
Currently,
-This Support Level Becomes a New Resistance Level.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 32090.00🎯
DOW Elliott Wave Analysis for Monday 30/10/2023 (+ Higher TF)In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as an ABC. The five waves down from the high might also indicate a bearish flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete.
DOW Elliott Wave Analysis for Friday 27/10/2023We took out the 04/10 low and therefore it looks like we will have an ABC correction down instead of a WXY structure in the higher time frame. In the lower time frame, it looks like we are finishing wave (v) of wave 5.
Dow Jones : Bearish and Bullish Scenario 📉📈Hello Traders !
On The Daily Time Frame The US30 Price Reached A Support Level (32880.0 - 32583.0)
Currently We Have 2 Scenarios:
Bullish Scenario📈
If The Price Breaks and Closes Above The Resistance Line !
We Will See a Bullish Move📈
TARGET: 34000.0🎯
Bearish Scenario📉
If The Market Breaks Support Level and Closes Below That
I Will Sell On Retest...
TARGET: 31950.0🎯
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DOW Elliott Wave Analysis for Thursday 26/10/2023We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. If we make another low, then the WXY becomes an ABC structure.
DOW Elliott Wave Analysis for Wednesday 25/10/2023We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. If we make another low, then the WXY becomes an ABC structure.
DOW Elliott Wave Analysis for Tuesday 24/10/2023We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up.
DOW Elliott Wave Analysis for Friday 20/10/2023We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. An abc structure for the wave X is also still possible.
DOW Elliott Wave Analysis for Thursday 19/10/2023We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. An abc structure for the wave X is also still possible.
DOW Elliott Wave Analysis for Wednesday 18/10/2023We got the additional swing up in the lower time frame but it does not look like a fifth wave. Overall, we believe there will be more upside but in a corrective way. This suggests a WXY structure in the higher time frame.
DOW Elliott Wave Analysis for Tuesday 17/10/2023We got the additional swing up in the lower time frame but it does not look like a fifth wave. Overall, we believe there will be more upside but in a corrective way. This suggests a WXY structure in the higher time frame.
DOW Elliott Wave Analysis for Monday 16/10/2023 (+ Higher TF)The primary expectation is that wave ((c)) of wave 2 is finished. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse. If we do not get the additional swing up, we probably take out the low as an impulsive fifth wave down.
DOW Elliott Wave Analysis for Friday 13/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
DOW Elliott Wave Analysis for Thursday 12/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
DOW Elliott Wave Analysis for Wednesday 11/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
US30US30 is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 33100 followed by 32800 region.
What you guys think of this idea
Dow Jones 10/10 MoveDow Jones - DJI
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and it has Breakout the Lower Trend Line , It will Complete its Retracement at Previous Strong Support or till its Lower Trend Line at Fibonacci Level - 61.80% / 78.60%
Entry Precautions :
Wait until it Rejects with Strong Bearish Price Action
DOW Elliott Wave Analysis for Tuesday 10/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
