DOW JONES may give more buy opportunities on this patternThis is an update to my most recent Dow Jones idea that gave the buy signal on the bottom of the Channel Up a week ago:
The index has been rallying aggressively since then and now faces the first important Resistance (black dashed line). This may be an Inverse Head and Shoulders pattern similar to the June one. That has given two buy opportunities on the 1D MA50 (blue trend-line)/ 0.5 Fibonacci retracement level and the 0.618 Fibonacci retracement level before the final rally of that phase towards the 0.236 Fibonacci extension.
If you didn't catch the bottom buy already, be on the look out for those potential buy opportunities.
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Dowsignals
DOW JONES Buy opportunity on the 1D MA200 and 0.618 FibPattern: Channel Up on 1D.
Signal: Buy as the price reached both the 0.618 Fibonacci retracement level as well as the 1D MA200 (orange trend-line). The last parameter to fulfil is the RSI Support, so allow margin for one last low at the bottom of the Channel Up.
Target: 36500 (Resistance and All Time High) and 37000 in extension (Higher High of the Channel Up).
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The Solomon Number of US30USD (DOWJONES)The Solomon Number of US30 is: 35740
Instructions:
A- Every DECREASE in price is an opportunity to BUY. The Target is Solomon Number 35740.
B- Once the Solomon Number is touched the analysis is no longer valid to enter OR take long again.
D- Apply proper risk management according to your balance.
1st short entry@ now
TP@ 35740
DOW JONES approaching the 1D MA50Following the new top on the Higher Highs trend-line of the multi-month Channel Up, the index got rejected and has been pulling back since. It is approaching the 1D MA50 (blue trend-line) which serves as a technical medium-term Support. If it holds then I expect a strong rally towards the 0.236 Fibonacci extension setting a personal target at 37000. See how the 1D RSI is also near its multi-month Symmetrical Support.
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DOW JONES entering a transition Channel as in late 2020.This is not the first time I bring forward the ideal of Dow Jones following this 2020 fractal:
As you see from my October 01 idea above, this fractal comparison accurately projected the bottom of the Channel Up (blue) and the subsequent rally that followed. This time I am expanding this idea on the Fibonacci scale, as DJI broke above the Channel Up and hit the 1.382 Fibonacci extension from the bottom.
On November 09 2020, the price also broke above its Channel Up (blue), hit the 1.382 Fib extension and then entered a new (green) Channel Up, which I call transitional as it took the index from the first Channel Up (blue) towards the higher extension levels of the Fibonacci Channel in early 2021.
During that time the RSI (always on the 1D time-frame) turned sideways, indicating this Transition phase more clearly. I am expecting a similar process until the end of the year, meaning a pull-back towards the 1D MA50 (blue trend-line) is possible but as long as it supports, we are more likely to see prices above 37000 at the end of the year.
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DOW JONES may need to hit the 4H MA200 to go higherPattern: Channel Up on 1D.
Signal: Buy if the price hits the 4H MA200 (orange trend-line) as it is the most optimal buy signal in the past 2 months.
Target: 36400 (the 2.0 Fibonacci extension).
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DOW JONES can rally on this Inverse Head & ShouldersPattern: Channel Up on 1D.
Signal: Buy as the price is about to complete an Inverse Head and Shoulders within the Channel, similar to January/ February.
Target: 36450 (the 2.0 Fibonacci extension).
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DOW JONES Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the price hit the 1D MA50 (blue trend-line) and the zone within the 1D MA50 and the 4H MA400 (yellow trend-line) has been a buy opportunity within the Channel Up. Also the previous -5% pull-backs have been buy opportunities, both of which made a bottom within that zone. In addition, the RSI bounced on its Support Zone.
Target: 35800 (every such pull-back has rallied +8% to the 1.5 Fibonacci extension).
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Timing the Bubble Burst Sequence (DJIA/Gold); Part II, UpdateThis is an Update of the original post ;
This is now at a 36 month Major Resistance! It is quite likely this will be the (very) long-term, final top.
DOW JONES Buy SignalPattern: Channel Up X 2 on 4H.
Signal: Buy as the price hit the Higher Lows trend-line of the orange Channel Up. The Higher Lows trend-line of the blue Channel Up is exactly on the 4H MA200 (orange trend-line).
Target: 31500 (the 1.382 Fibonacci extension).
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DOW JONES Buy SignalPattern: Channel Up on 4H.
Signal: Buy after the MACD makes a bearish cross and drops below 0. Potential low when the RSI approaches its Lows Lows trend-line.
Target: Calculate it to be near the 1.236 Fibonacci extension. Modest estimate 30600.
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DOW JONES targeting 28650Dow rebounded 3 days ago on the 1D MA200 (orange trend-line). Since late July, this trend-line has been holding firmly as Support and every contact (with a candle week, no candle closing has been done below it), has resulted in a strong rise.
Since the pattern is a Channel Down currently (since the September 03 High) is is natural to target the Lower High trend-line. As seen on the chart, the previous Lower High was made on the 0.9 Fibonacci retracement level, which is currently at 28650.
Bonus: see how every MA200 bottom gave 4 days to the MACD to make a Bullish Cross on the last two occasions. That means that by Thursday the 1D MACD will make a Bullish Cross.
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DOW JONES Recurring bullish pattern on the 1W time-frame?The Channel Up since June has fairly the same basic structure (even though more aggressive) than the one from March to September 2019, which led to the pre-COVID All Time High.
That pattern ended with a Lower High than created a Triangle, which eventually broke to the upside to the ATH. Dow Jones made that Lower High last week. See also how the RSI consolidated during both Channels.
The index has already defended the 1W MA50 (blue trend-line) with a perfect bounce last month. Is this Triangle ready to break to new Highs next month? Feel free to share your work and let me know in the comments section!
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DOW JONES broke above the 1D MA50. Buy Signal.Pattern: Channel Up on 1D.
Signal: Buy as the price broke above the 1D MA50, crossing it as a Resistance for the first time since April 27. Also the MACD formed a Bullish Cross. The past 3 occurrences initiated a rally.
Target: 29200 (the Resistance).
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DOW JONES 1D-TIMEFRAME ANALYSISDOW JONES 1D-TIMEFRAME ANALYSIS
Good evening ladies and gentlemen
This is my new idea for DOW
DOW price will test 25800 daily support
My idea shows the possibility of breaking this support
But be relaxed
Real support is between 24500 and 24800 It would be good to test it
From there we will start the bull market
I hope my idea is clear
Support me by like and share
Good luck
DOW JONES Buy SignalPattern: Channel Up on 4H.
Signal: Buy as the price broke above the Lower Highs trend-line and the 4H MA50.
Target: 28600 (just below the September 04 Resistance).
Medium term buy signal on Dow on the 1D chart:
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dowjonesHello traders, here is the analysis from our team :
sell:27517
TP@; 27507
TARGET: 27467
stop: 27567
we take money management from
27507 as profit area on up.
Let us know in the comment section below if you have any questions.😉
DOW JONES Sell SignalPattern: Bullish Megaphone on 4H.
Signal: Bearish as the price was rejected on the Megaphone's Higher High trend-line and broke through the (dashed) inner Higher High line.
Target: 24250 (roughly a -6% decline like the previous Higher High rejections, as well as contact with the 4H MA200).
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Previous DOW JONES trade:
DOW JONES How to trade this pull backPattern: Channel Up on 1M (since September).
Signal: Bullish with 1 position now on the Higher Low of the pattern and if it breaks 1 more on the 1D MA200.
Target: 30000 (projected Higher High).
DOW JONES Buy signal on break out and pull backPattern: Descending Head and Shoulders on 1W.
Signal: Bullish above the Lower High trend line and within 24700 - 25200. Supporting: thr 0.382 Fibonacci and RSI at 30.
Target: 26700 (1W Resistance).
