Very simple ... Very clear
We are facing a downward trend and the price move to the upper ranges is just a correction.
There is a resistance zone in the range of 32,600. It is possible that when the price reaches this range, a downward trend will begin.
The main target in this downtrend could be in the range of 29300.
This is my personal opinion. Please do not...
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Gonna make this Idea short since the chart will speak for itself but following the weeks decline we marked down our new Fib levels as well as the trend line of that which coincides with our descending channel pattern and shows the shift that the market’s dealt.
Kick off
As the...
The DJI has been moving sideways since September 2021, recently the Russian-Ukraine conflict occurred and the price went down and broke the support zone (33700 - 34000) but soon the price bounced back showing one of the best Bullish candlestick patterns ever, especially when it happens in a support zone.
For me, this is how I would trade the US stock market based...
Dow Jones has joined an orchestra and is currently making use of our pink triangle. We expect it to play it a little bit longer until the bottom of the orange zone between 33518 and 32614 points, where wave Z in green as well as wave iv in orange should end and give Dow Jones new drive to take off, aiming for the resistance at 35521 points.
Still, there is a 30%...
DJI have important support at 36000
According to the chart we should bounce from 36000 and retest previous all time high.
On the flip side closing below will accelerate selling pressure and we can see 34900 level near future.
Consolidation near 36000 will decide further move.
Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that has been done. The main waves 1 and 2 are complete.
As we said in the previous analysis, it is possible that the main wave 3 is not over and we are in the wave 4 of the 3rd wave.
From wave 3,...
The DOW, like the other indices, has seen a rally for the last 3 days, leading into the Christmas holiday. A Santa Claus Rally, if you will. Price has reached back into HTF supply, and may have a short term bearish reaction.
Overall, I am looking for the recent highs to get raided for liquidity.
It is currently not really easy for the Dow Jones. The bears are bothering the course. However, we expect the course to rise again and surge past the resistance at 36446 points. If the course falls below 33928 points, we will see another round of corrections.
Got all your gifts already?
From the beginning of 2021, Dow Index has risen around 20% from the bottom to the top, which is phenomenal.
However, looking closely at price development, since 10 May (yellow line) the rise counts only 5%, and since mid-August's top( green line), ONLY 3%.
This for me is a clear indication that the bulls are very tired and in need of a correction.
After the recent...
Dow just broke the triangle to the upside and is coming back to retest the last support which suggest huge volume coming in at this level that's why the triangle broke to the upside means it's going more up after the retest. Not a trading advice do your own ta thanks. Tp is huge. Best to keep it for long term because gold has also topped and I'm expecting a deep...
Hello everyone, as we all know the market action discounts everything :)
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U.S. stock markets opened lower on Wednesday after data showing the U.S. inflation rate hit its highest in over 30 years, something sure to put fresh pressure on the Federal...
The Dow Jones is extending its gains and solidifies its position north of the mark at 35777 points. The index should not cross this line - for now. In total, we expect the course to further increase and reach areas above 36958 points. After that, we expect a fall towards 35822 points.
Happy trading!
Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
U.S. stocks were higher after the close on Tuesday, as gains in the Basic Materials, Technology, and Healthcare sectors led shares higher.
The Dow Jones Industrial Average...
Dow Jones Industrial creates a double bottom and forms a long-term price channel in H4. The Index also completed a five-wave pullback sequence to the downside and could head back up if it holds above 33920
