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.!!
US30 is looking bullish today, After tomorrow's rally & the breakout of the trendline, at the current Market Price US30 can make a move down to retest the trendline & Support level. I'm looking at the 33480 - 33550 level to enter the long trade after the confirmation in lower timeframes. And my Last take profit will be around 33950. Bullish Signals: 1. 4hr...
in 1988 one bottom have created, and in 1990 2 years later this created new dow jones new bottom on october. in 2020 one bottom have created, and in 2022 2 years later created new dow jones bottom on ( october?????)?????. probabily long years.
Dowjones made double bottom pattern 0n an hourly chart & confirmed it by breaking/trading above 30454 which happens to previous swing high. If everything(russia-ukrain & china-taiwan) goes well & dowjone break/trade/close above 31021 level then it ll xplode & get ready for one way rally of 32500 in 5-6 trading sessions.
Here we can see clearly Dow Jones Industrial Average (US30) is forming the perfect ( H&S) Reversal Pattern, we're using 15M time frame for a clearer view of our analysis, so we can't predict which time frame for our Setup to Happen, Keep a close eye on US30 today, happy pip hunting traders.
Looking at US30 on 30M timeframe Currently looking for long/buy position We currently waiting for signals of reversal whereby we will then execute the trade