Dow Jones Industrial Average Index
During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. ...
SPX is heading to new all time high by May 21. Invalidated if breaks below Apr 19 low.
Dow Jones is bullish on its 1D technical outlook (RSI = 62.964, MACD = 188.520, ADX = 55.476) and has completed three green 1W candles in a row. Having reached the 0.786 Fibonacci level, the last confirmation left to see in order to call for a continuation of this uptrend is for the 1W RSI to cross over its MA. The moment it does, we will buy again and target the...
Dow Jones (DJI) gave us a solid bullish break-out signal after it broke out above its 1D MA50 last week (May 06, see chart below): As you can see this gave way to a new Channel Up, which we view on the current analysis on the 4H time-frame. That is because on Friday it formed the first 4H Golden Cross in 6 months (since November 08 2023)! This is on its own...
Dear Colleagues, I suppose that the price has started the wave "5" of the higher order. At the moment I expect a correction in wave "2" of lower order, then I expect the beginning of wave "3" with the aim to reach the resistance area 39156.49. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The Dow Jones Industrial Average has recently attained a critical juncture, reaching the 61.8% Fibonacci retracement level. This significant milestone is augmented by the convergence of several key technical factors, notably including the Point of Control (POC) volume and divergence signals observed across various indicators. The confluence of these technical...
Dow Jones (DJI) broke on Friday above its 1D MA50 (blue trend-line) for the first time since April 10 and even though it failed to close above it, today has already established the price action above it. This is a strong first bullish signal but isn't enough by itself. Even though the 1D RSI has already turned its MA from Resistance to Support, we need to see a...
Hey there, a CUP & HANDLE is forming up, which could lead GOLD into a downtrend (since the CUP formed already). If you are new to this, feel free to check out my Videos and charts about Cup $ Handle, which are explanationary and educating. In addition to the overall fear and uncertainity in the markets, especially with an eye on corona virus, people are...
Hello there dear traders, this is a quick update on DJI. I just noticed a bullish divergence on the daily RSI (Relative strength of the market) which could lead a bounce back towards all-time high, which we just hit a few weeks ago. Since Corona caused problems to the markets (more likely a bloodbath), people are panicking and overselling their holdings. The...
After the conclusion of yesterday's FOMC meeting, the US30 index initially experienced a bullish surge, only to retrace back to its pre-announcement levels shortly thereafter. Within this movement, a notable observation was the emergence of a Fibonacci Volume Gap (FVG) area, particularly evident around the 50% retracement level of the preceding bullish impulse....
Economic events: USA - Initial Jobless Claims Eurozone - HCOB Eurozone Manufacturing PMI (Apr) Eurozone - ECB's Lane Speaks U.S. equity markets saw a partial recovery subsequent to the Federal Reserve's choice to maintain interest rates at their current levels on Wednesday. Additionally, the Fed disclosed intentions to commence a gradual tapering of its balance...
Economic events: USA - ADP Nonfarm Employment Change (Apr) USA - S&P Global US Manufacturing PMI (Apr) USA - ISM Manufacturing PMI (Apr) USA - ISM Manufacturing Prices (Apr) USA - JOLTs Job Openings (Mar) USA - Crude Oil Inventories USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference On Tuesday, the S&P 500 underwent a decline,...
Executing a Scalping Position on US30, the price initially reached 38570 before experiencing its first retracement. Currently, the price is undergoing a pullback at the 61.8% Fibonacci level, coinciding with a Bearish order block. Our focus lies on anticipating a rejection of this zone and identifying a new CD Leg Fibonacci extension.
Hello Traders and Investors, today I will take a look at the Dow Jones. -------- Explanation of my video analysis: There is one major long term pattern which we have been looking at for a very long time - a rising channel formation. Just a couple of months ago the Dow Jones retested the lower support trendline and created a beautiful triangle breakout while...
Dow Jones (DJI) gave a solid short-term sell signal on the MACD Bearish Cross last time we analyzed it on the 4H time-frame (April 24, see chart below): Similarly, it is flashing a strong buy signal now after the 0.236 Fibonacci rebound that keeps the price action above the 4H MA50 (blue trend-line), in similar fashion as September 14 2023. The 4H MACD even...
NASDAQ:MAR Entry: $238.47 Target: $244.50 Stop-loss according to your risk appetite. Not more than 1:1. Indicators also showing a bullish trend.
Following a successful sell signal at the top of the long-term Channel Up (March 28, see chart below), Dow Jones (DJI) is staging its first attempt to resume the bullish trend: Observing past behavior in similar circumstances often helps at making such projections, so we placed Dow's previous correction in August 2023 (right chart) next to today's. The key...
Dow quickly turned neutral again on its 1D technical outlook (RSI = 49.651, MACD = -238.11, ADX = 37.915) not staying for long on its previous bearish state as after hitting our TP = 37,300 it rebounded emphatically and is about to test the 1D MA50. The pattern was the same as the prior corrections inside the Channel Up: pullback to the 0.382 and -6.95% in...