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Dowjonesindustrialanalysis

Dow Jones: Jack-in-the-boxOr in fact: Jones-in-the-box as Dow Jones has jumped out of the lower green zone between 32374 and 32934 points quite impulsively. Although the index could now directly continue the ascent above the resistance at 33434 points, we rather expect it to come back into the lower green zone to finish wave 4 in green – ideally at its bottom. Afterwards, Dow Jones should rise above the resistance at 33434 points and further upwards into the upper green zone between 34311 and 34823 points to complete wave 5 in green. As soon as the index has accomplished this, it should start a countermovement.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones: Move Yourself!Move yourself! You always live your life, Never thinking of the future. Prove yourself! You are the move you make, Take your chances, win or loser. See yourself! You are the steps you take, You and you, and that's the only way. Shake, shake yourself! You're every move you make, So the story goes… Dow Jones should listen closely to “Owner of a Lonely Heart” by Yes as the text of the first stanza is indeed in accordance with what we would encourage the index to do. After it has been given the brush-off by the resistance at 34038 points, Dow Jones has retreated deeply into the green zone between 33724 and 32519 points, even touching the white zone between 32389 and 32241 points below it to finish wave (C) in white. Now, the index should brace up and move upwards, striding across the green zone and climbing above the resistance at 34038 points. However, there is a 45% chance that Dow Jones could fail to pick itself up and could drop below the support at 32167 instead.
CBOT_MINI:YM1!
by MarketIntel
1
Dow Jones: EnsnaredRemember the Devil’s Snare in “Harry Potter”? It is one of the obstacles Harry, Ron and Hermione have to overcome to get to the Philosopher’s Stone. Quite similarly, Dow Jones is ensnared by the green zone between 33790 and 32534 points, which it has entered already for the second time. We expect it to advance a bit deeper still to finish wave (5) in white, wave c in turquoise and wave 2 in green. After it has managed this task, the index should rise out of the green zone and above the mark at 34038 points. There, it should gain enough upwards momentum to cross the resistance at 35413 points as well. To confirm this scenario, though, Dow Jones must not fall through the bottom of the green zone and drop below the support at 32167. However, there is a 40% chance that this alternative scenario could come into play.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones (Over Bought) Shorting chance Jan 2021Hi This index seems to be over bought to us as it is recovering from the Corona pandemic Crisis and the way it has rallied, we may have a chance to short it at its correction or so called retracement. we can see bearish divergence of Price and MACD and combining this flow with Price Action Analysis it gives us more confluences of a down fall and a trend reversal or at least a retracement or market correction we have specified some support levels which can be used as some target areas and some trend lines as the most fall levels truly speaking we don't have any concrete fundamental reasoning behind such a fall but some how we can relate it to the upcoming chaos in the USA political and FinTech industry and giant MNCs who can be an other reason for an other crisis... please bring some reasoning for this fall if you have any in mind...
TVC:DJIShort
by BitonGroup
US30 CAN DOWN AS A EXPANDING or RUNNING FLATUS30 (Dow Jones) can be down as an expanding flat or a running flat. Most likely we finished the B wave or we can push a little bit higher than we can finish the B wave and after that, we will decline. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #US30
UShort
by anantadhungana
Tech Bubble Finally poppedNew wave of the corona spicing up the markets once more, or is that just an excuse for the sell off to come. Talks of Tech Bubble has finally burst. Election aroma in the air and Price is already showing some reactions. I like the 28000 whole level. If Shorts start to cover and bulls hop on the ban wagon, I would expect Price to stall round about the 27750 - 28000 whole level. Lets see if these fortune 500 companies' earnings can save what's about to happen, factoring quantitative easing into the equation. Bear Market around the corner???🕵️‍♂️🤷‍♂️
FX:US30Short
by New_Levels
DJI Dow Jones SHORT Critical Situation Longs Breaks 26750 ?Dow Jones are right now in a decision mode. 26750 is the key Level which must hold for Long in a Longtime View. In shorttime we are ahsort since 26980 broke with 2 supports. Now there is the Long Trendline in BLUE which is in danger Watch out these and the 26750 Level to decide the direction. For new Longs in short timeframe we must climb above 26870 Good trades If you want to support my work please like them... and if you want to know more about my trading style please send my a boardmail. Renkotrade
TVC:DJIShort
by Renkotrade