Fundamental Analysis: As we can see the Index has shown a very strong come back after the Covid-19 pandemic of March 2021 which caused the market to fall and create a panic to the world. Since then there are lots of changes to the world and the way companies are operating, such as releasing of their premises and offices as they should have discharge lots of...
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.
Morgan Stanley - Weekly time frame Analysis Its traveling in a wedge pattern, once the TG1 is reached, there will be a small pull back, once it is broken, then it will travel towards TG2. Note: This is only for educational purpose.
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.
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.
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.
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.
We have to wait for the next ABC pullback. When we have a clear ABC, we can go long again.
We have to wait for the next ABC pullback. When we have a clear ABC, we can go long again.
We have to wait for the next ABC pullback. When we have a clear ABC, we can go long again.