looking for a strong rebound above 27.000 bullish target : 36.000+ possible deep recession in 2023. trade with care.
after experiencing sideways, the price is bullish with a slope of 45 degrees, indicating that the bulls are firmly in control. also seen the formation of a bullish channel. the bullish trend will continue strongly following the direction of the channel
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.
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.
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.
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.
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.
The ABC pullback did not retrace deep enough to catch it. We have to wait for more data and see what's up next.
I anticipate an impending retracement for the Dow Jones index, as it has recently reached its target of 12,756. We should begin witnessing a decline from this point onwards. The Dow Jones index has recently established a new lower low, and I am awaiting a price break below 12,745, which would further confirm the bearish sentiment.
The ABC pullback we were waiting for is (almost) there. Traders can initiate or prepare a long entry.
The ABC pullback we were waiting for is almost there. Traders can prepare for a long entry.
The DOW looks bullish and might be preparing for a Wave 3 to the upside. However, the minimum requirements for a Wave 2 to the downside were not fulfilled. As long as we do not take out the Wave 1 high, it could be that we still make a new low as a Wave 2.
Pair : Dow Jones ( DJI ) Description : Impulse Correction Bullish Channel as an Correction in LTF and Rejection from the Upper Trend Line S / R Level Completed " ABC " Corrective Wave and " 123 " Impulsive Wave Break of Structure RSI - Divergence
We have to wait for the next ABC pullback. When we have a clear ABC, we can go long again.
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!
We have to wait for the next ABC pullback. When we have a clear ABC, we can go long again.