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Dowjonessignals

DOW JONES Big Buy signal if it holds the 1D MA50Dow Jones (DJIA) has gone a long way since the efficient buy signal we gave exactly 2 months ago: The index is right now testing the 1D MA50 (blue trend-line), which has closed 3 straight 1D candles above it and 4 since May 04. Since it broke below the Channel Up, going to the 1D MA200 (orange trend-line) and 32800 is possible but not as long as it keeps closing above the 1D MA50, which has been established as the short-term Support. Instead, as long as it does, we are bullish and targeting 34250. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
2
DOW JONES Channel Down emerging. This is its invalidation.Dow Jones (DJIA) is attempting to re-enter the Channel Down pattern that broke upwards, and on the bottom of which we gave the most efficient buy signal almost 2 months ago: At the moment the index is on the build up of a Channel Down which targets 32600. We will only buy if the price closes above its top (Lower Highs trend-line) and target Resistance 3 at 34900. As far as a long-term buy is concerned, we are only interested in buying if a Bullish Divergence is spotted on the 4H RSI, same as on March 15. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
4
DOW JONES The opportunity to buy again is NOWWe have been following this Triangle pattern on Dow Jones (DJI) trading within what we called the 'High Volatility region' since last year, with are last buy signal given 1 week ago: The 33400 target was reached and yesterday's rejection on the 4H MA200 (orange trend-line) is providing us with a new opportunity to buy. We have a confirmed Triple Bottom ranging from November 09 2022 and today's low makes a Higher Lows sequence similar to what followed after the December 20 2022 Low on the 32480 Support. Even the 4H CCI is on the exact same levels as December. Target 1 is again 33400 and Target 2 is 34350 assuming the index breaks and closes a 1D candle above the Pivot Zone and then re-tests it successfully as a Support. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
6
DOW JONES Aggressive bullish reversal expectedDow Jones (DJI) broke below its Pivot Zone and Higher Lows trend-line and as per our strategy published 2 weeks ago, we took that break-out sell opportunity: With the 4H RSI though printing Higher Lows against the price's Lower Lows (i.e. a Bullish Divergence) and the price approaching the 32480 Support level and the 1D MA200 (red trend-line), which both provided Support and started aggressive rebounds on November 09 2022 and December 20 2022, Dow is turning into a medium-term (at least) buy opportunity again. In fact the very same RSI Bullish Divergence formed the December 20 Low. It is important to add that this Low was formed after a 4H Death Cross, a pattern that we already formed again 2 days ago. We are buyers again on Dow, targeting the 4H MA50 (blue trend-line). Then we will either wait for a pull-back or buy when the price breaks above the Pivot Zone and re-tests it as Support, in similar fashion as on January 06 2023 and January 23 2023. Long-term target 34300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
4
DOW JONES Still ranged. Keep scalping for maximum profits.Dow Jones (DJI) followed the exact trading plan that we published last Wednesday as it rebounded on the 4H MA200 (orange trend-line) and today reached the Resistance Zone of 34300 - 34370(August 16 and January 15 Highs respectively). This keeps it neutral as we expected within the rough 33640 - 34180 Scalping Range: The 4H MA50 (blue trend-line) has assumed the role of the Pivot and the 4H MA200 (orange trend-line) that of the Support (all candles closed above it). Our short-term trading plan remains scalping this range for as long as the price remains/ re-enters inside it. On the more medium-term, above the green Pivot Zone we are buyers targeting 34300, while below the Higher Lows trend-line we are sellers targeting 32700 (above the 32480 Support). Similarly, we will take the buy break-out if the price breaks the 34370 January 15 High and target the 34910 December 13 High. Keep in mind that this Higher Lows trend-line is what helped us take this accurate buy entry 4 weeks ago as you can see on the chart below: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
4
DOW JONES Scalping range emerged and our medium-term plan.Dow Jones (DJI) got rejected yesterday following Powell's speech as the Resistance Zone of 34300 - 34370 held (August 16 and January 15 Highs respectively), we expect it to turn neutral for a while and trade sideways within the rough 33640 - 34180 Scalping Range illustrated on the chart. The 4H MA50 (blue trend-line) has assumed the role of the Pivot and the 4H MA200 (orange trend-line) that of the Support. Our short-term trading plan is to scalp this range for as long as the price remains/ re-enters inside it. On the more medium-term, above the green Pivot Zone we are buyers targeting 34300, while below the Higher Lows trend-line we are sellers targeting 32700 (above the 32480 Support). Similarly, we will take the buy break-out if the price breaks the 34370 January 15 High and target the 34910 December 13 High. Keep in mind that this Higher Lows trend-line is what helped us take this accurate buy entry 3 weeks ago as you can see on the chart below: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
6
Dow Jones: Friday Feels 🍾After moving sideways, the Dow Jones should finally commit to dropping to the orange target zone. Within 32 401 and 31 689 points, the Index should hit the corrective low of the orange wave iv, which would turn the trend back North. On that note, we expect the course to rise above the resistance line at 34 707 in order to complete the blue wave (i). In our alternative scenario with a probability of 45%, the Dow Jones could exceed the resistance mark at 34 707 points right away, without dropping into a correction beforehand.
CBOT_MINI:YM1!
by MarketIntel
DOW JONES Time to test the December 13 High.Dow Jones (DJI) held the dashed Higher Lows trend-line and rebounded, as we outlined on our last week analysis: That was on the 4H time-frame, now we zoom out to 1D where the index broke again above the 1D MA50 (blue trend-line) but after last weeks 34,390 rejection, it remains within the High Volatility region. As long as the 1D candles close above the (dashed) Higher Lows trend-line, we are expecting not just a re-test of the 34300 August 16 High but also a direct hit on the 34910 December 13 High. The reason is that, as we mentioned last week, the current price action based on RSI terms, looks very similar to that of October 03 - 21. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
1
Dow Jones Analysis 25.01.2023Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FX:US30
by basictradingtv
25
DOW JONES On familiar 1W MA50 Support, ready for a +50% rally.The Dow Jones Industrial Average (DJI) has been holding the 1W MA50 (blue trend-line) as Support, closing all weekly candles above it since November 07 2022. This on its own is a major bullish pattern, but if we look on a much long-term, decade long perspective, we can see an even higher significance it historically has on the price action. As you see on this 1W time-frame, ever since Dow's recovery from the 2008/09 Housing Crisis and the first touch of the 1W MA200 (orange trend-line) on August 2011, every time it bounces and recovers the 1W MA50, holding it as Support (blue circles), the index has grown from that bottom to the next top a minimum of +50% (with 55% of January 2018 being the maximum). At the same time, the 1W RSI breaks above a Lower Highs trend-line. This time the RSI broke and even held and bounced off that Lower Highs trend-line (green arrow). This chart shows that Dow Jones is no stranger to this pattern and technically, as long as the 1W MA50 holds, we should be treating it as a major bullish signal. A potential new +50% 2-3 year rally puts the target at 49000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
7
DOW JONES Critical session tomorrowThe Dow Jones Industrial Average (DJI) remains within the medium-term Triangle pattern that is trading since December 16 and broke today above both the 1D MA50 (blue trend-line) and 4H MA100 (green trend-line). The two have formed a Bearish Cross and the last two times this pattern emerged was on September 12 and May 04, both Lower High rejections that led to new market Lows. The 1D RSI pattern however shows that we may already be on a market Low and if we close a 2nd straight green 1D candle (tomorrow), it invalidates all prior bearish bias. In that case, we will target again the 34300 Resistance (August 16 High) and the 34910 Resistance (December 13 High). The index turns bearish if it breaks below the 1D MA200 (orange trend-line), which made a perfect bounce on December 20. In that case we will target 31725 (Support 1) on the short and 30100 (Support 2) on the long-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
Dow Jones Analysis 02.01.2023Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
OANDA:US30USD
by basictradingtv
41
DOW JONES turned the 1W MA50 into Support?This is the Dow Jones Industrial Average Index (DJI) on the 1W time-frame where we look into the current 1W (weekly) candle. As you see, the index managed to turn around the mid-week negative sentiment and closed the week above the 1W MA50 (blue trend-line) and in green. Even last week's heavily bearish candle closed above the 1W MA50. Those are early signs that the former Resistance level which rejected the uptrend on August 15 (red circle), may be turning gradually into a Support. With the RSI within a Channel Up pattern, the current sequence bears similarities with the June - November 2020 fractal. As you see, that fractal also established the 1W MA50 as a Support (3 times), before making a Higher High on the trend-line and eventually breaking to a very aggressive 2021 rally to the All Time High. As a result, as long as Dow manages to close above the 1W MA50, we will be expecting a Higher High near the 0.786 Fibonacci extension (35000). A closing below it though, should target the lower Fibonacci levels successively. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
2
Dow Jones Analysis 22.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
OANDA:US30USD
by basictradingtv
20
DOW JONES Similarities with Dotcom crash. 1M MA50 is the key.The Dow Jones Industrial Average (DJI) is trading on a red December candle, following the extreme rise since October that broke back above both the 1M MA50 (blue trend-line) and 1W MA50 (red trend-line). The 1M MA50 seems to be the key for the uptrend as (excluding the COVID crash), is the line that keeps the multi-year uptrend intact since 2011. However, the 1M RSI sequence displays a lot of similarities with the 2000 - 2002 Dotcom crash. As you see it also made a marginal break above the 1W MA50 after rebounding on the 1M MA50 but then corrected way more after it lost it (1M MA50) again. The red flag shows where potentially we could be at today. Notice that a similar -38.60% drop would hit or almost hit the Higher Highs trend-line since the 2000 Dotcom Bubble peak. As a result we consider the 1M MA50 as the key. A new break below it, practically confirms the extension of the 2022 correction for another year. Until that happens though, it is more likely to see the 13 year Bull Cycle continue, targeting 55k in the next 4 years. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJI
by TradingShot
DOW JONES Too close to the August 16 High!It has been almost 2 weeks since Dow Jones (DJI) broke above the top (Lower Highs trend-line) of the Bearish Megaphone pattern that it has been trading in since the start of the year and the beginning of the 2022 correction. At the same time it broke above the 1D MA300 (yellow trend-line), which as we've mentioned numerous times was the barrier for a long-term bullish trend restoration: The index is now very close to making another major bullish break-out as it is very close to the 34300 Resistance (1) which was formed by the August 16 High, which was rejected on the (former) Lower Highs trend-line and 1D MA300. If broken it will be the first time in 2022 that Dow Jones will break a Lower High. In this case, we will automatically target 35550 (Resistance 2), which was formed by the April 21 (Lower) High. If the price gets rejected though, the index should seek the short-term Supports of 1) the 4H MA100 (green trend-line), which during the July - August and March - April counter rallies was the supporting level (when broken, the downtrends started) and 2) the 1D MA200 (orange trend-line), which held as Support for the first time in a year on November 10. Keep in mind that during Dow's bull rallies, the 1D MA50 (blue trend-line) is typically the Support. On the downside, watch the 1W RSI, which has been glued to the top of the Channel Up in the past two weeks. Failure to break above it, should accelerate the sell sentiment towards the 1D MA50. The trigger for that can be a Bearish Cross on the 1D MACD, which is very close to be formed. All prior Bearish Cross in 2022 have kickstarted major sell-offs. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
5
DOW JONES Will a Rate Cut do more harm than good to stocks?Bold question and should certainly raise some eyebrows but let's look at the complete picture. This chart displays Dow Jones (DJI) and the Federal Reserve Interest Rate (blue trend-line) on the 1M (monthly) time-frame. I will make it quick to save us time and then each person can individually make their own conclusions from the chart. The combination of the Fed raising the rates since the start of the with Dow dropping, hasn't been seen often historically on this data set dating back to June 1954. In fact historically, Dow (stock markets in general) tend to rise along with rates. Some times (4 in history) when the Rate Cut happens, Dow drops as well. Most of the times the stock rally continued without a major drop even after the Rate Cuts. Basically the only time on this data-set that resembles today (assuming the Fed pauses or cuts in 2023) is 1969/70, 1972-74 and 1983/84, with the latter largely associated with Fed Chair Volcker monetary practices. During those periods, Dow started falling as the Rate was rising and then dropped after the Rate cut. Do you think we are repeating such a period? Will a Rate Cut in the near future do more harm than good to the stock market? ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Editors' picks
TVC:DJI
by TradingShot
17