According to the current situation, the Dow Jones index can have an upward correction up to the range of 40,000-40,200. It is likely that gaps will be filled at these points and return to the downward path again
Probably this week, according to the previous weekly pinbar, we will have a temporary rise to the limits drawn in the chart, so that the previous price gaps are filled and we return to the downward path.
It seems that we have an upward correction ahead for the Dow Jones index. This rise can occur from the current areas or a little lower and from the overlapping range of the previously broken ceiling in the daily time frame and EMA20 of the same time frame. The purpose of this rise of the Dow Jones index can be the purple box in the first step. And in the final...
The Dow Jones Industrial Average (DJIA) ascended to record highs on July 16th, 2024, fueled by mounting expectations of a Federal Reserve policy shift towards a more accommodative stance. Fundamental Drivers: Federal Reserve Policy: The CME FedWatch Tool currently suggests a near-certain likelihood of at least a 25-basis point interest rate cut by...
Dow Jones analysis Time frame 2 hours and daily The Dow Jones was well supported by the daily demand area as per past analysis. Now it can start moving from the 2-hour demand area, which is the daily range in Dell Trading, to the ceiling of the area.
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.
Extended W Formation has formed on Dow Jones. WHile other indices and stock exchanges are falling or moving sideways, this one is racing up without any shackles. There's always been a price breakout above the downtrend since Aug 2023. All in all, it's looking very bullish and is showing upside to come. Target R35,689 What's interesting is the DOw Jones,...
Price Test the trendline and close above thats indicate possible reversal from there.
Here is my analysis for US30 on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Ascending Triangle continues to form on US 30. It's looking great and we need that one strong catalyst to push it up further. With the PPI, CPI and NFP out the way - now we can get better momentum for it to rise. Price>200 RSI>50 Target 1 - 39,699
if the CPI Data is Positive meaning over 5% US dollar will rocket if it is under 4.8% Dow Jones will sink.
Hello, according to the Dow Jones Index analysis. There is a high probability of going up. After breaking the descending channel. A very positive green candle. on the clock frame. The price is trying to break the strong resistance at 33450. Good luck to everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be...
Cup and Handle recently formed on Dow Jones. This broke the downtrend and now price has decided it's going bullish from here on. Indicators look strong for upside. 7>21>200 - Bullish RSI>50 SMCANALYSIS There was a Break of Structure UP which helps confirm with the upside to come. We can place the stop loss below the handle by the Sell Side Liquidity levels....
All the analysis details are in the video below, here I am just posting the chart for the trade setup. If the move up in 2020\2021 is Wave (A) of Wave D then we are trading Wave (C) in 2023. This comes at a time when most people are still extremely bearish. I am sure you will agree that doing the opposite of what everyone else is doing is wise. Entry:...
As a follow up to yesterdays in depth analysis of the bigger picture for the Dow Jones, there is also a long trade setup to speak of. So far I can see no issue with the current setup and only expect higher prices from here. It would appear that whilst most people are still quite bearish, the waves paint a different picture. This contrarian view has the...
Market is going side ways for more than a week now. I am expecting a big move to the upside very soon. For now the index is travelling within the channel once its broken we can again see market touch 34400 zone. I am bullish on this !! Hit like & follow for more updates;)
Price sitting at the demand level that created the BOS, i'm favoring buys here until we get a solid break/candle close below the PRZ then i'll look for retests and short opportunities down towards the DL! Let me know your thoughts!
US30 will define after the market opening whether it will be bullish or bearish today. Sell trade can be taken if the price gets rejected from the resistance level which is 33950 & buy trade if the breakout happens. Good Luck.!!