Dow Jones Industrial Average Index
Dear colleagues, despite the fact that the price is in a downward movement, I believe that the five-wave movement has not been completed. I expect that the price will not update the minimum of wave 4 38463, but will approach it, and then the upward movement in wave 5 will begin. The nearest target is the area of 39297. Manage your capital correctly and...
Traders have made the ultimate mistake, they were caught sleeping on the steering wheel. And after missing the trend, they attempt to enter it again, only to realize that they have trapped themselves. A question arises: Were they sleeping or are they performing a suicide attack? SPX is like a sharp kamikaze plane. Perhaps of Japanese origin, closing in to Perl...
Pair : DJI - Dow Jones Description : Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Completed " 12 " Impulsive Waves
Dow Jones (DJI) had formed a Head and Shoulders (H&S) pattern on the 4H time-frame and ahead of the first 4H Death Cross in 7 months (since August 21 2023), the probability of a short-term correction seems stronger than ever. Technically H&S patterns target the 2.0 Fibonacci extension but we will settle for a slightly higher target on Support 1 at...
Dear colleagues, the price has made wave 2 and now I expect the beginning of the movement in wave 3. I assume that the price will rise to the target of the wave 1 top area 39275.89. This is the first minimum target for wave 3. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Despite the fact that i calculated the dates, this is just my calculation and correction could easily end in 2033rd, but for now we are monitoring the index and in the future it will be clearer to us where we are, and idea can be updated. According to my interpretation, the bull market ended in 2021 and now we are in a rising sideways leg, which should end at the...
I've compiled my latest comprehensive analysis of the stock market, as I strongly believe it offers crucial insights into market psychology, spanning across Cryptos, Stocks, and various assets. To dispel any notions of spreading fear, uncertainty, and doubt (FUD), I meticulously outline the pattern and highlight key levels to monitor. Should this analysis hold...
Dow Jones / US30 has hit the top of its Channel Up. Once the 1day MA50 breaks (has been in support since November 2nd 2023), we will have a sell validation. In addition, the 1day RSI is on the strongest Bearish Divergence since February 2020 and the start of the COVID crash. Sell than and target 36700 the 0.382 Fibonacci level from the top. Follow us, like...
Dow Jones has hit the top of the 18 month Channel Up and is already being rejected, turning neutral on the 1D technical outlook (RSI = 51.769, MACD = 112.170, ADX = 21.784). This is a rejection that can evolve into a full bearish reversal as the 1W RSI broke under its MA trendline. This is important because every time this break out happened (dashed vertical...
According to my time cycles calculation I'll be watching the 12th of March for a POTENTIAL rally for #LCID and if we merge this with our analysis in the "Related ideas👇" you can know how to mange it and when this idea will fail so trade safe ..... and FOLLOW ME
Dow Jones (DJI) has had yesterday the strongest red 1D candle since February 13 and 2nd strongest since the October 27 2023 bottom. Just as recently as last week (February 26, see chart below) we called for a 'very clear bearish signal' as not only was the price near the top (Higher Highs trend-line) of the 1.5 year Channel Up but also the 1W MACD was on a...
Dear colleagues, the price rushed upwards and did not update the low 38045. This means that wave 2 has long been formed and now the formation of the upward wave 3 is underway. But we are observing a price gap, and as we know, the gap is usually closed. Besides, it does not violate the wave structure in any way. So I suppose that the price will close the gap and...
SPX is ready to drop 4+% by April to close the gap 4910
- DJI is currently encountering strong resistance at 34500. - The psychological significance of this resistance level adds to its importance. - This could be one of those, Go Big or Go home scenerios - In case the resistance holds, a potential psychological support level at 33000 may come into play. The support trendline intersects at a similar level. What is...
Priceaction is currently above the neckline of this daily chart inverse head and shoulder pattern on solusd with one daily candle close above the neckline so far. Should it trigger the breakout the measured move target is $135 which would put price action above the neckline of a much bigger weekly chart inverse head and shoulder pattern’s neckline. The measured...
Today, we're taking a closer look at the Dow Jones Index, specifically the E-Mini Dow Jones Futures. It appears we're in Wave (2), overshooting the target and forming an Expanded Flat correction. If there's a turnaround here, typical for such waves, we might see a correction somewhere between 50% and 61.8%. We consider more than 78.6% unlikely, so we're betting on...
Dow Jones (DJI) is approaching the top (Higher Highs trend-line) of the the 1.5 year Channel Up, while flashing a very unique medium-term sell signal. That is the 1W MACD Histogram, which is declining, a Bearish Divergence that during that period of time, has initiated 3 declines of more than -9% each. Given the fact that the current Bullish Leg of the Channel Up...
Outlook for DJI on 3-day chart. Lower-degree wave (4) has already been completed and the final wave (5) has started. I think wave (5) will be completed soon, and upper-degree wave (b) will also be completed. The next phase is upper-degree wave (c). It will probably crash.