Dow Jones Index is currently trading within a horizontal intraday range. Its upper boundary was reached on Friday. Testing that, the market formed a descending triangle formation. The neckline of the pattern was broken. I think that the consolidation will continue on the Index and it will reach 34300 level soon. ❤️Please, support my work with like, thank you!❤️
In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. If we see the fifth wave ending with divergence, traders can initiate a short (against the main direction). A safer way to trade is to wait for the wave ((ii)) pullback and go long from there.
Dow Jones retested the monthly high. The price set a lower high then and the Friday's NY session was very bearish. The index will certainly drop next week. Target level - 34300 Please, support my work with like!
We updated the EW count for the DOW to align it better with the other indices. The updated count now shows an ending upward structure. Investors should wait for the pullback to buy again. Now we are rather in area to take profit. Traders should analyze the lower timeframe. Next week there might be both long and short opportunities.
Dow Jones / US30 is trading inside a 4 month Channel Up and today crossed above Resistance A (34575). The attempts have been on the Support of the 4hour MA50. The formation looks like the June 2nd- 5th breakout, which peaked at +5.75% from its bottom. Apply careful confirmed buying. Short term target 34800. If Resistance B breaks, buy again and target 35500...
Dear colleagues, I am anticipating the completion of wave 5. I expect the price to rise at least to the area of 34628, and then there may be further upward movement, but we will consider it in the next idea. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hey Traders, In today's trading session, we are closely monitoring the US30 index for a potential buying opportunity around the 34500 zone. Currently, the US30 is in a downtrend but appears to be making an attempt to break out of it. Our strategy involves observing rallies above the 34500 resistance level, which could indicate a trend reversal towards higher...
We saw the US30 accelerate its uptrend after a better than expected CPI. Market is still creating higher highs and higher lowss. My target is at 34730 ( pivot point).
In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. If we see the fifth wave ending with divergence, traders can initiate a short (against the main direction). A safer way to trade is to wait for the wave (ii) pullback and go long from there.
Currently the price is stuck in a fairly strong resistance area with a high price range. could enter a period of consolidation in the next few weeks.
I think the price will go down to the OB or FVG range and then rise above the above support range At the same time, the price is below the ceiling of annual resistance
It's been a while since we looked into Dow Jones (DJI) and made the bottom buy on the Channel Up last Higher Low (chart below): Right now the index is rising after a rebound on a Double Bottom on the 1D MA50 (blue trend-line). The dominant pattern is a Channel Up and the secondary a Diverging Channel Up (dotted lines) that forms a Higher Highs rejection zone...
In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. If we see the fifth wave ending with divergence, traders can initiate a short (against the main direction). A safer way to trade is to wait for the wave (ii) pullback and go long from there.
Dear colleagues, before the price reaches the level of 31000, it will complete an ascending diagonal. I anticipate that the price will reach the resistance area at 34449. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Today's CPI report is very negative for the Greenback. Gold, major forex pairs and indexes started to grow rapidly. US100 index formed a cup & handle pattern on a daily time frame. The market is currently testing its neckline. If a daily candle closes above that, probabilities will be high, that the growth will continue. Next goal will be 15600 ❤️Please,...
This is how I read and see the US30 chart. These are not signal recommendations, just a perspective of the US30. May it show you new opportunities. Would be glad to see your views / forecast :)
#DOWJONES (US30).... as you can see our pervious idea about dow jones we have 33625 downside area and look how smoothly market hold your support and placed trend line retest zone. now let see what will be done from market side, is it retest or breakage?? CPI on table .. much volatility expected. if market hold this area again drop expected from here otherwise...