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.
Dowjonesindustrial
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 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 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.
💾 DJIThe Dow Jones have been left behind compared to the SPX and NDX but the chart still looks pretty good.
We have a hammer 25-May after a months long correction, followed by a full green candle. This is a reversal signal with confirmation the next day.
We just need to see follow up on Monday but looking at the three major indexes together, SPX, DJI and NDX, we are going to call it bullish.
The blue spaces on the chart is the strong support.
The DJI is trading within a long-term higher low.
The bias is 100% bullish.
We will see how it goes but we expect it to grow in the short-term based on the current look of the chart.
This can change if the support levels break.
If support remains intact, up we go!
Namaste.
DOW Elliott Wave Analysis for Thursday 15/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 1 hour, we see 5 waves up and wave 5 is clearly ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. 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 Wednesday 14/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 1 hour, we see 5 waves up and wave 5 is clearly ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. 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 Tuesday 13/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 1 hour, we see 5 waves up and wave 5 is clearly ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. 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 12/06/2023Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 1 hour, we see 5 waves up and wave 5 is clearly ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
DJIDJI CMP 33876
This is Quarterly chart of DJI,
There is Wave counts right from the Great Depression low
looking at the charts ,
one can see that we are in wave 5 (blue)
the internal counts (grey) shows subwave
whenever this superwave gets completed....
one can expect markets to correct for next few yrs...
Just a View!!
Vedang :)
Chart is for study purpose only!!!
DOW Elliott Wave Analysis Higher Timeframe (11/06/2023)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.
Combined US Indexes - Breakout to meet resistance?As marked, it has 4 candles after closing above the resistance and is on a very bullish breakout. Thing is, the indexes just moved into a resistance zone. And there is a potential confluent resistance point just above.
Overall, bullish until meeting resistance, then we should have a pull back of some sort...
US30 showing large Ascending Triangle to 39,699Ascending Triangle has been forming since Oct 2022.
There are higher lows and same highs.
Once we get a breakout above, it'll be smooth sailing up.
Price>200
RSI>50
Target 1 is to 39,699
Then world markets will follow including JSE ALSI 40.
$DJIA -Awaiting Apex's End *2WBig Move incoming for Dow Jones Industrial Average.
AMEX:DJIA has created Triangle's Apex approaching the end .
Note that this is a Neutral Pattern, it can go each ways ;
Bearish and Bullish.
(depending on TVC:DXY , Geo-Politics & Macro Economics conditions)
For now, it's better to observe and stay sharp and await for further confirmations.
Nothing is clear yet TA speaking for AMEX:DJIA
AMEX:DJIA is one of the Heaviest Financial Sector for United States.
That being said,
it is very important to always have a lookout of its Price Action
and Trends Directions for further clarification of how other US Financial Sectors
will perform.
A Change of Charachter would definetely bring more clarification of reaching levels
of ATH or LOW
At the time of this idea being released price is finding some support at S/R
zone and 20-50EMA over maintaining their bullish crossover.
For now, it's better to observe and stay sharp and await for further confirmations.
Nothing is clear yet TA speaking for AMEX:DJIA , as well taking in to consideration
The Debt Ceiling decision that is yet to take place.
TRADE SAFE
***
Note that this is not Financial Advice !
Please do your own research and consult your Financial Advisor before partaking
any trading related activities based soly on this idea.
🚨US30 High Probability BUY Setup SOON🚨
* Here we can see clearly the next potential move for US30 on coming hours or day.
* We can see it's forming Inverse Head & Shoulder Reversal Pattern.
* EP(BUY): 32956.63.
* TP: 33123.62.
* TP2: 33191.17.
* Keep your eye close on your trading positions.
* Happy pip hunting traders.
* FX KILLA *
DOW JONESDow Jones Industrial Average is the oldest index in the world.
The index always shows what is happening with the US economy - the largest economy in the world.
Let's look at the chronology of important economic events since 1916:
1916 Lusitania - Sunk by German Submarine / Emergency Revenue Act - Includes Estate Tax
1917 US Formally Declares War on Germany
1918 World War I - End / Daylight Savines Tima / Amendment, Prohibition - Ratified
1919 Amendment, Women's Suffrage - Ratified
1921 The First Restrictive Immigration Act
1922 Federal Narcotics Control Board - War on Drugs
1923 First Transcontinental Fight Japan Earthquake
1924 Ford Manufactures 10 Milfionth Automobile - Scopes Monkey Trial
1926 Revenue Act - Reduces Income & Estate Taxes
1927 Lindbergh - First Nonstop Flight - New York to Pacis
1928 Amelia Earhart - First Woman to Fly Atlantic
1929 Financial Panic - Stock Market Crash - Depression
1930 Smoot Hawley Tariff Act
1931 Bank Panic - Countrywide Banks Closings
1932 Lindbergh Kidnapping / Reconstruction Finance Corp
1933 The New Deal - FDIC Established
1934 Securities & Exchange Commission - Established
1935 Social Security Act - Passed
1936 Drought in the Western States - Dust Bowl
1937 Hindenburg - Destroyed
1938 The New Deal - End / Fair Labor Standards Act
1939 World War Il - Begins in Europe / Great Depression
1940 France Falls - German Occupation
1941 Peart Harbor - Attacked by Japanese
1942 Price Controls - Begin / Battle of Midway / Guadalcanal
1943 Current Tax Payment Act, Withholding Taxes
1944 Normandy Invasion
1945 World War II - End / Cold War - Begins
1946 Stock Market Crash / Price Controls - End
1947 Taft-Hartley Act / Marshall Plan
1948 Truman Upsets Dewey - For Presidency
1949 Foreign Currencies Devalued
1950 The Korean War - Begin
1951 First Commercial Color TV Broadcast
1952 Steel Workers Strike - Despite Government intervention
1953 The Korean War - the End of Wage Stabilization Board
1954 St. Lawrence Seaway Bill - Passed
1955 President Eisenhower - Suffers a Heart Attack
1956 Suez Canal - Crisis
1957 Sputnik |
1958 USA - First Satellite Launched
1959 St Lawrence Seaway - Opened
1960 First Japanese Cars, Exported to US / U2 Spy Plane Shot Down
1961 The Berlin Wall - Built / Bay of Pigs - Debacle
1962 The Cuban Missile Crisis / Sled Price Rollback
1963 John F. Kennedy Assassinated
1964 Vietnam War Begins - Gulf of Tonkin Resolution
1965 The Great Inflation - Begin
1966 Medicare - Begin / the First Time USA Bombs North Vietnam
1967 The Six-Day War
1968 The Offensive / R.F. Kennedy & M.L King - Assassinated
1969 Apollo 11 - the USA on the Moon
1970 USA & South Vietnamese Invade Cambodia | Kent State
1971 Wage & Price Controls
1972 Watergate - Break-in / Munich Olympics Massacre
1973 US Involvement in Vietnam - End / Arab Oil Embargo
1974 President Nixon Resigns / ERISA Act - Signed
1975 Saigon - Fall / May Day - the End of Fixed Commissions
1976 US Bicentennial / Lockheed Aircraft - Bribery Scandal
1977 Panama Canal Treaty - Control of Panama in 2000
1978 Humphrey-Hawkins Full Employment Act
1979 Three Mile Island - Accident / Iran Hostage Crisis
1980 Iraq Invades Iran - War / Hunt Brothers Siver Crisis
1981 Tax Cut - Passed / Space Shuttle / President Reagan - Shot
1982 Penn Square Bank - Closed by Regulators / Falkland Islands War
1983 Terrorist Bombing of US Barracks - Beirut / Grenada Invasion
1984 Run on Continental Bank
1985 Gramm-Rudman Act / US Becomes a Debtor Nation
1986 Iran-Contra Affair / US Attacks Libya / Chernobyl Accident
1987 Financial Panic / Stock market Crash of Iraq Attacks on USS STARK
1988 Terrorists Bomb N.Y. Bound Airliner - Lockerbie, Scotland
1989 The Berlin Wall - Opens / US Invades Panama
1990 Iraq invades Kuwait / Gorman Unification
1991 The Gulf War / Soviet Union Collapse
1992 The Cold War - Ended / Civil War in Bosnia
1993 Russian Revok / World Trade Center - Bombed
1994 Orange County Bankruptcy of NAFTA instituted
1995 Oklahoma City - Murrah Federal Building - Bombed
1996 Alan Greenspan's “Irrational Exuberance” Speech
1997 Asian Currency Crisis - Hong Kong & Global Stock Market Rout
1998 US embassies in East Africa bombed
1999 NATO Bombs Serbia, Yugoslavia / Y2K - Millennium Scare / Columbine massacre
2000 Bush v. Gore Election Crisis / Terrorist Attack on USS COLE
2001 Terrorist Attack on the World Trade Center & Pentagon / Enron
2002 War on Terror of Turmoil in the Middle East / Corporate Misconduct
2003 Iraq - Weapons Inspections / War in Iraq
2004 Global War on Terror
2005 Record High Oil Prices / Hurricane Katrina
2006 Housing Decline / Nuclear Weapons - North Kores & Iran
2007 Subprime Mortgage / Credit Debacle
2008 Credit Crisis / Financial Institution Failures / Bitcoin - Created
2009 War on Terror / Climate Debate / Healthcare
2010 Gulf Oli Spit / European Union Cassis / Massive Debt
2011 Debt Ceiling Crisis / US Credit Downgrade
2012 European Debt / US Fiscal Cliff
2013 Boston Bombing / Government Shutdown / NSA Leaks
2014 Rise of ISIS / Police Protests / Oil Price Decline
2015 Terror Attacks / Refuges Crisis / China Slowdown / Fed Rate Hike
2016 Brexit - Start / Cuban Embassy Opened / Elections
2017 Trumponomics, Cryptocurrency Fever
2018 United States trade war with China
2019 Chang'e-4 on the far side of the moon / Fire of Notre Dame Cathedral / The first case of 2019-nCoV coronavirus infection in China
2020 US-Iran Tension / The COVID-19 Pandemic / Joe Biden Wins the Presidency / "Black Monday" for oil / Brexit - End / SpaceX space launch
2021 The GameStop short squeeze / Ever Given halts global supply chain / COVID-19 vaccines / America withdraws from Afghanistan
2022 Ukraine Russia War in the Center of Europe - Sanctions for Russia
What awaits us next...
Potential events that may overtake us in the near future:
- The use of tactical nuclear weapons.
- Cyber Warfare.
- Hunger.
- The largest economic crisis (food crisis, trade supply crisis, energy crisis).
- New viruses, pandemics.
- Potential formation and formation of Kurdistan and conflicts around it.
- Massive Blackout.
- Conflicts of countries in Oceania.
Write in the comment section what you would add to the list above.
Best Regards,
EXCAVO