Pair : DJI - Dow Jones Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement. Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. RSI - Divergence. Break of Structure.
Pair : Dow Jones - DJI Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line. Completed " ABC " Corrective Waves. Break of Structure and Strong Divergence. Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Lower Trend Line.
Last time i expected 1 more high at 34000-34400 (as Ending Diagonal on C) to start downtrend, it failed. This is my new perspective on Dow Jones (US30), i strongly believe there will be a bearish to come. Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
Here 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!
A pullback is ongoing in the lower timeframe. We see an opportunity for a long trade.
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,...
Has Dow Jones caught spring fever? At the moment, the index seems to lack the necessary drive to continue expanding wave (i) in blue. However, we expect Dow Jones to pull itself together soon and to summon up enough momentum to make it above the resistance at 35 521 points. The index should not surmount the higher mark at 36 446, though, but finish the current...
Like a periscope, Dow Jones is craning its neck upwards, watching waves v in orange and (i) in blue unfolding before its eyes. To finish the current movement, the index should climb above the resistance at 35 521 points but ideally stop just short of the next mark at 36 446 points. Wave (ii) in blue should then lead Dow Jones decidedly back below 35 521 points. A...
When it’s cold outside, it’s always important to strengthen your body’s defenses. To boost its own immune system, Dow Jones is currently taking an invigorating sip of hot turmeric-ginger tea in the form of the orange zone between 33 283 and 31 689 points. We expect the index to expand this healthy swig to finish wave iv in orange. Afterwards, it should be...
S&P has completed a perfect 50% correction of the 2020 crash. Currently as explained in charts. The best point to buy is 3897 - 3860 for target upto 4200. Sl will be 3850. For any query contact me.
the price after strong bearish run and a HTF bearish engulfing candle close, formed a small structure with some ranging on small TF by facing support at 32041 & resistance at 32234. Now if price makes a break & closes below the recent support in atleast 30m-1hr TF then price might continue its bearish run towards next support at 31719 or all the way to...
Our athletic Dow Jones! After it has hopped from line to line, all the while finishing not only the overarching downwards movement in the course of wave iv in magenta but also waves (i) and (ii) in blue, the index has continued its fitness training with some bar exercises at the resistance line at 30513 points. We expect it to upswing from this mark, rising into...
Here we can see clearly Dow Jones Industrial Average (US30) is forming the perfect ( H&S) Reversal Pattern, we're using 15M time frame for a clearer view of our analysis, so we can't predict which time frame for our Setup to Happen, Keep a close eye on US30 today, happy pip hunting traders.
What’s your favorite kind of jello? Cherry? Lemon? Raspberry? Dow Jones seems to prefer woodruff, as the index has been munching through the green jello between 30576 and 31689 points quite efficiently. Now that it has finished wave 2 in green, Dow Jones is already on its way to the next green jello between 37669 and 39249 points, where it should complete wave 3...
Wow – sorry – Dow Jones has impressed us with some really fresh moves! It has virtually jumped upwards and thus has already come quite close to the upper orange zone between 33714 and 34565 points, where it should soon finish wave iii in orange. After completing a countermovement into the lower orange zone between 32863 and 31912 points, Dow Jones should continue...
Or in fact: Jones-in-the-box as Dow Jones has jumped out of the lower green zone between 32374 and 32934 points quite impulsively. Although the index could now directly continue the ascent above the resistance at 33434 points, we rather expect it to come back into the lower green zone to finish wave 4 in green – ideally at its bottom. Afterwards, Dow Jones should...
Move yourself! You always live your life, Never thinking of the future. Prove yourself! You are the move you make, Take your chances, win or loser. See yourself! You are the steps you take, You and you, and that's the only way. Shake, shake yourself! You're every move you make, So the story goes… Dow Jones should listen closely to “Owner of a Lonely Heart” by ...
Remember the Devil’s Snare in “Harry Potter”? It is one of the obstacles Harry, Ron and Hermione have to overcome to get to the Philosopher’s Stone. Quite similarly, Dow Jones is ensnared by the green zone between 33790 and 32534 points, which it has entered already for the second time. We expect it to advance a bit deeper still to finish wave (5) in white, wave c...