DOW Elliott Wave Analysis for Monday 10/07/2023The ABC pullback we were waiting for is almost there. Traders can prepare for a long entry.
Dowjonesindustrial
DOW Elliott Wave Analysis Higher Timeframe (07/07/2023)The DOW looks bullish and might be preparing for a Wave 3 to the upside. However, the minimum requirements for a Wave 2 to the downside were not fulfilled. As long as we do not take out the Wave 1 high, it could be that we still make a new low as a Wave 2.
DJI - Dow Jones Next Possible MovePair : Dow Jones ( DJI )
Description :
Impulse Correction
Bullish Channel as an Correction in LTF and Rejection from the Upper Trend Line
S / R Level
Completed " ABC " Corrective Wave and " 123 " Impulsive Wave
Break of Structure
RSI - Divergence
DOW Elliott Wave Analysis for Thursday 06/07/2023We have to wait for the next ABC pullback. When we have a clear ABC, we can go long again.
DOW Elliott Wave Analysis for Wednesday 05/07/2023We have to wait for the next ABC pullback. When we have a clear ABC, we can go long again.
DOW Elliott Wave Analysis for Monday 04/07/2023We have to wait for the next ABC pullback. When we have a clear ABC, we can go long again.
DOW Elliott Wave Analysis for Monday 03/07/2023We have to wait for the next ABC pullback. When we have a clear ABC, we can go long again.
DOW Elliott Wave Analysis Higher Timeframe (01/07/2023)The DOW looks bullish and might be preparing for a Wave 3 to the upside. However, the minimum requirements for a Wave 2 to the downside were not fulfilled. As long as we do not take out the Wave 1 high, it could be that we still make a new low as a Wave 2.
DOW Elliott Wave Analysis for Friday 30/06/2023A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
DOW Elliott Wave Analysis for Thursday 29/06/2023A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
DOW Elliott Wave Analysis for Wednesday 28/06/2023A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
DOW Elliott Wave Analysis for Tuesday 27/06/2023A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
DOW Elliott Wave Analysis for Monday 26/06/2023A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
DOW Elliott Wave Analysis Higher Timeframe (24/06/2023)The DOW looks bullish and might be preparing for a Wave 3 to the upside. However, minimum requirements for a Wave 2 to the downside were not fullfilled. As long as we do not take out the Wave 1 high, it could be that we still make a new low as a Wave 2.
Dow Jonex Index (US30): Top-Down Analysis & Trading Plan
Dow Jones Index is testing a peculiar zone of confluence on a daily:
we see a perfect intersection between a horizontal support and 382 retracement
of the last bullish impulse.
Analyzing 4H time frame, I see a falling wedge pattern.
To catch a pullback with a confirmation, I suggest looking for a bullish breakout of the resistance of the wedge. 4H candle close above will confirm a violation.
A bullish continuation will be expected to 33970 / 34040 levels then.
Alternatively, a bearish breakout of the underlined blue zone will push the price lower.
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DOW Elliott Wave Analysis for Friday 23/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. We see two areas where to go long. Traders can choose a shallow retracement (wave 4) or a deeper retracement (wave 2).
DOW Elliott Wave Analysis for Thursday 22/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. We see two areas where to go long. Traders can choose for a shallow retracement (wave 4) or a deeper retracement (wave 2).
Dow Jones: Breather 😮💨Dow Jones is taking a breather near the resistance at 34 363 points, showing (again) a distinct response to this mark. Soon, though, the index should resume the ascent to develop the top of wave (i) in blue, which should then initiate a prominent downward movement. However, there is a 30% chance that Dow Jones could drop below the support at 32 246 points, plunging into the orange zone between 31 675 and 29 939 points to already expand wave alt.(ii) in blue. From this low, the index would then start a fresh upward movement.
DOW Elliott Wave Analysis for Wednesday 21/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. As presented yesterday, traders should be long now and protect their trade. In the case of a complete structure, a deeper retracement is possible.
DOW Elliott Wave Analysis for Tuesday 20/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
DOW Elliott Wave Analysis for Monday 19/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
DOW Elliott Wave Analysis Higher Timeframe (17/06/2023)The DOW looks bullish and might be preparing for a Wave 3 to the upside. However, minimum requirements for a Wave 2 to the downside were not fullfilled. As long as we do not take out the Wave 1 high, it could be that we still make a new low as a Wave 2.
