DOW Elliott Wave Analysis for Wednesday 16/08/2023The short trade was successful. Now we are reaching the wave (c) and wave ((y)) areas. From here we can initiate a long trade.
Dowjonesindustrial
DOW Elliott Wave Analysis for Tuesday 15/08/2023If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (c) and wave ((y)) area.
DOW Elliott Wave Analysis for Monday 14/08/2023If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave ((y)) area.
DOW Elliott Wave Analysis Higher Timeframe (12/08/2023)In the higher timeframe, we are expecting more upside to finish a wave (3). However, there is a chance that we are still doing the higher degree wave II correction.
DOW Elliott Wave Analysis for Friday 11/08/2023If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave ((y)) area.
Dow Jones - 10/08Pair : DJI - Dow Jones
Description :
Completed " 123 " Impulsive Wave
Falling Wedge in STF and Rejection from UTL
S / R Level
Fibonacci Level - 38.20% / 50.00%
Divergence - RSI
DOW Elliott Wave Analysis for Thursday 10/08/2023If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (y) area.
DOW Elliott Wave Analysis for Wednesday 09/08/2023If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (y) area.
DOW Elliott Wave Analysis for Tuesday 08/08/2023If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (y) area.
DOW Elliott Wave Analysis for Monday 07/08/2023It looks like we will get a larger corrective move that goes deeper into the area of wave ((iv)). The next completion of the corrective structure is again a buying opportunity.
DOW Elliott Wave Analysis Higher Timeframe (06/08/2023)Investors should wait for the pullback to buy again. Now we are rather in the area to take profit. Traders should analyze the lower timeframe for opportunities.
DOW Elliott Wave Analysis for Thursday 03/08/2023It looks like the correction is taking place. We need to take out one more low before the correction is complete. However, a longer corrective move that goes deeper into the area of wave ((iv)) is also possible.
DOW Elliott Wave Analysis for Wednesday 02/08/2023In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move. We go long after a clear ABC pullback.
DOW Elliott Wave Analysis for Tuesday 01/08/2023In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move. We go long after a clear ABC pullback.
DOW Elliott Wave Analysis for Monday 31/07/2023In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move. We go long after a clear ABC pullback.
DOW Elliott Wave Analysis Higher Timeframe (29/07/2023)Investors should wait for the pullback to buy again. Now we are rather in the area to take profit. Traders should analyze the lower timeframe for opportunities.
DOW Elliott Wave Analysis for Friday 28/07/2023In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move.
DOW Elliott Wave Analysis for Thursday 27/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. A short trade can be initiated but be careful because you are trading against the main direction.
DOW Elliott Wave Analysis for Wednesday 26/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. A short trade can be initiated but be careful because you are trading against the main direction.
Dow Jones 3000$ predictedHere you find attached my old forecast for the DJI where I was calling a bottom and looking for upside resumption back in May.
We successfully rallied ever since and now we could see a little pullback to then reach wave (iii) target.
Feel free to ask me questions and trade safe!
Dow Jones -> Fighting The Little Brother NasdaqHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of DowJones 💪
With the recent retest of a previous monthly resistance level, now turned support, and in confluence with a retest of the 0.382 fibonacci level the Dow Jones started a new bullrun which will certainly continue going into 2024.
On the weekly timeframe the Dow Jones just broke above a major previous weekly bearish trendline and since then created a solid +5% rally and with the recent bullish momentum I simply do expect the creation of a new all time high soon.
I have also been bullish on the daily timeframe on the Dow Jones for quite some time and so far everything payed off nicely - I am still waiting for a drop though to then scale into more buys on the Dow Jones to perfectly ride the next bullish wave.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
DOW Elliott Wave Analysis for Tuesday 25/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. A short trade can be initiated but be careful because you are trading against the main direction.
DOW Elliott Wave Analysis for Monday 24/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. However, we cannot exclude another push as a wave ((iii)). Therefore, it might be a risky short trade.
