Dow Jones (Over Bought) Shorting chance Jan 2021Hi
This index seems to be over bought to us as it is recovering from the Corona pandemic Crisis and the way it has rallied, we may have a chance to short it at its correction or so called retracement.
we can see bearish divergence of Price and MACD and combining this flow with Price Action Analysis it gives us more confluences of a down fall and a trend reversal or at least a retracement or market correction
we have specified some support levels which can be used as some target areas and some trend lines as the most fall levels
truly speaking we don't have any concrete fundamental reasoning behind such a fall but some how we can relate it to the upcoming chaos in the USA political and FinTech industry and giant MNCs who can be an other reason for an other crisis...
please bring some reasoning for this fall if you have any in mind...
Dowjonesindustrialanalysis
US30 CAN DOWN AS A EXPANDING or RUNNING FLATUS30 (Dow Jones) can be down as an expanding flat or a running flat. Most likely we finished the B wave or we can push a little bit higher than we can finish the B wave and after that, we will decline.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#US30
Dow Jones - Elliott Wave Technical AnalysisDow Jones continues to show strength, it's a slow mover as volatility is low for value stocks.
- 3rd wave's peak may or may not have reached yet, but either way still has a 5th wave to complete before correction.
- Green parallel zone represents bullish impulse still in place, upper line acts as resistance and below line also represents trend line of support.
Enjoy!
US30USD 2021 Feb 01 Week
OANDA:US30USD
US30USD 2021 Feb 01 Week
Green/Red zones = preferred entry area
Price returned to a previous accumulation zone.
Hasn't seen any signals to buy yet
Resistant3 = 31526
Resistant2 = 31223 - 31271
Resistant1 = 30900 - 31038
Support1 = 29796 - 29952
Support2 = 29420 - 29465
Support3 = 28668.50
Tech Bubble Finally poppedNew wave of the corona spicing up the markets once more, or is that just an excuse for the sell off to come. Talks of Tech Bubble has finally burst. Election aroma in the air and Price is already showing some reactions. I like the 28000 whole level. If Shorts start to cover and bulls hop on the ban wagon, I would expect Price to stall round about the 27750 - 28000 whole level. Lets see if these fortune 500 companies' earnings can save what's about to happen, factoring quantitative easing into the equation. Bear Market around the corner???🕵️♂️🤷♂️
US30 SELL OPPORTUNUTY, BIG DROP COMMING SOON.. US30 / DOW JONES SELL LIMIT @ 28450.00
SL: 29200.00
TP1: 27500.00
TP2: 26600.00
Dow aka US30 Possible swings in upcoming weeksHey everyone,
Dow looks weak at this point. Trend line resistance is on 26352 and price can give a short term down move from here. The index major support is on 24800.
DJI Dow Jones SHORT Critical Situation Longs Breaks 26750 ?Dow Jones are right now in a decision mode.
26750 is the key Level which must hold for Long
in a Longtime View.
In shorttime we are ahsort since 26980 broke with
2 supports.
Now there is the Long Trendline in BLUE which is in danger
Watch out these and the 26750 Level to decide the direction.
For new Longs in short timeframe we must climb above 26870
Good trades
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DOW BULL MARKET IS OVERThe dow bull market is over, the coming recession will cause the initial dip in the Dow which will correspond nicely with the upward lower bound trend and fibonacci retracement of around 22000. Then I'd expect a lower target of around the 50% retracement level of 16000 which will be at the height of the next US recession.
U.S Dow Jones Index Chart- Consolidation ahead before a breakoutU.S Dow Jones Index Chart
Crucial resistant to take note 26,265. A break out will bring the U.S Market to retest its previous historical high?
Downside risk kept at 25,000 as a note for all to take note shall this support of EMA200days is violated = more crash and doom to come.
U.S Dow Jones Index Golden Crossover formed since February 2019. A Bull market waiting to be declared perhaps.