We have shared detailed DJI chart that you can see below in the link. After breaking trend line support DJI met both the target and took support lower trend line and closing above the same trend line. FED meeting ahead and we can expect high volatility near future. Based on chart and price action a bounce back from current level is on the card.
Hi 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...
US30 (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...
Went as forecasted. Check out the previous video for the analysis and setup. Would love to hear from those that benefited from the analysis. Smash the like button, if your would.
With the bears remaining strong, we adapted our expectations and foresee a decline until somewhere close to around 34035 points. After establishing a low there, the Dow Jones should gain strength again and surpass the resistance at 35547 points. Be patient!
DJI is about to give a breakout, as I feel it is now forming an inverted head and shoulder which is a Bullish sign
Dow 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!
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
Similar bearish structure on Dow Jones.
New 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...
US30 / DOW JONES SELL LIMIT @ 28450.00 SL: 29200.00 TP1: 27500.00 TP2: 26600.00
Get used to it!
Real-Time Algorithmic Trading Signals. Stay curious
A bearish shark pattern seems to be maturing on the 30 minute chart. Entry @pprox 26287.42 T.P. 1 @pprox 25957.00 T.P. 2 @pprox 25619.46 S.L. @pprox 26389.64
Hey 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.
Dates in the future with the highest probability for price direction reversals