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DJI trade ideas

DOW JONES Don't lose sight of the great picture. Still bullish.Last week, while Dow Jones (DJI) was still under its 1D MA50, we called for a major rally, as technically the 5-month Channel Up has just priced its new Higher Low: The index has now almost reached the Target of the first Bullish Leg of this pattern, pointing to a potential relief next. On the larger picture however (1M time-frame), we had posted an article named 'Secret Cycles' on April 12 2024 (see chart below), during Dow Jones' previous pull-back that again inflicted fear in the markets, calling for a strong buy: It is this chart that we revisit and expand up today, as we don't think the long-term trend has changed. We want to maintain a clear long-term perspective and following August's massive recovery 1M candle, we believe that Dow will enter by Q4 2024, the final stage (rally) of its current Cycle. That has historically been 1 year at least, so as long as the index keeps holding and closing the monthly candles above the 1M MA50 (red trend-line), we will continue buying all monthly dips. Our 48850 long-term Target is intact. ------------------------------------------------------------------------------- ** 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
4
Resistance is ahead! Can the Dow Jones make a break through? The index is clearly demonstrating a strong upward trend, consistently achieving higher highs and higher lows. During this upward movement, it previously established a bullish Pole & Flag pattern, and after breaking out, the index has continued to rise. At present, the index is trading just beneath its next resistance level. If the Dow Jones manage to break through and hold above this breakout point, it is likely to initiate a new rally.
BLACKBULL:US30Long
by NaranjCapital
Equities Climb Ahead of Earnings and Jackson Hole SymposiumEquities Rise as Traders Await This Week's Earnings, Jackson Hole Symposium Current Outlook: The trend suggests a potential upward movement as long as the price stays above 40,800. However, consolidation is expected between 41,030 and 40,800 until a breakout occurs. Bullish Scenario: Trading above 40800 will likely support a rise towards 41030 and above it will get 41340. Bearish Scenario: If the price reverses and stabilizes below the pivot line at 40800, a bearish trend may develop, targeting 40480 and 40320. Key Levels: - Pivot Line: 40800 - Resistance Levels: 41030, 41340, 41600 - Support Levels: 40650, 40480, 40320 Today's Expected Trading Range: The price is anticipated to fluctuate between support at 40800 and resistance at 41130. Tendency: Upward Movement
OANDA:US30USDLong
by SroshMayi
US30 Will Go Higher From Support! Buy! Please, check our technical outlook for US30. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 40,911.45. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 42,000.59 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
BLACKBULL:US30Long
by SignalProvider
1
Additional rebound in US30 remains possible US30 is showing a continuous uptrend as expectations for the US economy arise, along with the anticipation that Chairman Powell may provide clues about rate cuts at the Jackson Hole meeting. Goldman Sachs lowered its 12-month recession probability for the US economy from 25% to 20% following the release of July retail sales and jobless claims data. The current market consensus is that the August employment report will determine future US30 price movements. Morgan Stanley stressed that the report's outcome will be the real test for the market, warning that a report showing weak employment would reignite growth concerns. US30 quickly breached EMAs and continued its uptrend, rising above the trendline. The index needs an additional price trigger to retest its highs, but the current positive trend is expected to continue for the time being. If US30 sustains support above the trendline, the index may gain upward momentum toward the 41500 high. Conversely, if US30 is pushed below the trendline and fails to hold above EMAs, the price may break the 39300 support and fall further to the 38000 level.
DJ:DJI
by inkicho_exness
US30 Potential Upside Breakout At $40,930.14 20.08.2024Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
DJ:DJILong
by Stuart_Cowell
US30 Setup: High-Probability Entry and Exit PointsThe chart is set up to identify potential trade opportunities, particularly in the context of the current price action. We’re at a critical juncture where the price is approaching a significant breakout point, closely interacting with key trendlines. This could indicate a major move, providing an excellent opportunity for traders to capitalize on the momentum. Keep an eye on the breakout levels as they will be crucial for determining the direction of the next trend.
FX:US30Long
by Arnau_fx