We have been following this Triangle pattern on Dow Jones (DJI) trading within what we called the 'High Volatility region' since last year, with are last buy signal given 1 week ago: The 33400 target was reached and yesterday's rejection on the 4H MA200 (orange trend-line) is providing us with a new opportunity to buy. We have a confirmed Triple Bottom...
Dow Jones (DJI) broke below its Pivot Zone and Higher Lows trend-line and as per our strategy published 2 weeks ago, we took that break-out sell opportunity: With the 4H RSI though printing Higher Lows against the price's Lower Lows (i.e. a Bullish Divergence) and the price approaching the 32480 Support level and the 1D MA200 (red trend-line), which both...
Dow Jones (DJI) followed the exact trading plan that we published last Wednesday as it rebounded on the 4H MA200 (orange trend-line) and today reached the Resistance Zone of 34300 - 34370(August 16 and January 15 Highs respectively). This keeps it neutral as we expected within the rough 33640 - 34180 Scalping Range: The 4H MA50 (blue trend-line) has assumed...
Dow Jones (DJI) got rejected yesterday following Powell's speech as the Resistance Zone of 34300 - 34370 held (August 16 and January 15 Highs respectively), we expect it to turn neutral for a while and trade sideways within the rough 33640 - 34180 Scalping Range illustrated on the chart. The 4H MA50 (blue trend-line) has assumed the role of the Pivot and the 4H...
After moving sideways, the Dow Jones should finally commit to dropping to the orange target zone. Within 32 401 and 31 689 points, the Index should hit the corrective low of the orange wave iv, which would turn the trend back North. On that note, we expect the course to rise above the resistance line at 34 707 in order to complete the blue wave (i). In our...
Dow Jones (DJI) held the dashed Higher Lows trend-line and rebounded, as we outlined on our last week analysis: That was on the 4H time-frame, now we zoom out to 1D where the index broke again above the 1D MA50 (blue trend-line) but after last weeks 34,390 rejection, it remains within the High Volatility region. As long as the 1D candles close above the...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Dow Jones made some successive bottoms that seem higher than the previous It seems to be bullish , it penterated the resistance level at 33474 , Now it is the time to test this resistance again that converted into support . It is a short trade so keep the stop at 33800 . If you liked this idea boosta and follow > keep stop please
The Dow Jones Industrial Average (DJI) has been holding the 1W MA50 (blue trend-line) as Support, closing all weekly candles above it since November 07 2022. This on its own is a major bullish pattern, but if we look on a much long-term, decade long perspective, we can see an even higher significance it historically has on the price action. As you see on this 1W...
The Dow Jones Industrial Average (DJI) remains within the medium-term Triangle pattern that is trading since December 16 and broke today above both the 1D MA50 (blue trend-line) and 4H MA100 (green trend-line). The two have formed a Bearish Cross and the last two times this pattern emerged was on September 12 and May 04, both Lower High rejections that led to new...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
This is the Dow Jones Industrial Average Index (DJI) on the 1W time-frame where we look into the current 1W (weekly) candle. As you see, the index managed to turn around the mid-week negative sentiment and closed the week above the 1W MA50 (blue trend-line) and in green. Even last week's heavily bearish candle closed above the 1W MA50. Those are early signs that...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
The Dow Jones Industrial Average (DJI) is trading on a red December candle, following the extreme rise since October that broke back above both the 1M MA50 (blue trend-line) and 1W MA50 (red trend-line). The 1M MA50 seems to be the key for the uptrend as (excluding the COVID crash), is the line that keeps the multi-year uptrend intact since 2011. However, the 1M...
It has been almost 2 weeks since Dow Jones (DJI) broke above the top (Lower Highs trend-line) of the Bearish Megaphone pattern that it has been trading in since the start of the year and the beginning of the 2022 correction. At the same time it broke above the 1D MA300 (yellow trend-line), which as we've mentioned numerous times was the barrier for a long-term...
Bold question and should certainly raise some eyebrows but let's look at the complete picture. This chart displays Dow Jones (DJI) and the Federal Reserve Interest Rate (blue trend-line) on the 1M (monthly) time-frame. I will make it quick to save us time and then each person can individually make their own conclusions from the chart. The combination of the Fed...
The Dow Jones index (DJI) broke last week, following the impressive drop on monthly inflation, above both the Lower Highs trend-line dating back to the January 05 market high and the 1D MA300 (yellow trend-line), which was the level that rejected the previous Lower High on August 16. We've been discussing the importance of this level as a Rejection Zone for over...
It hasn't been more than a month ago (October 10) when we first posted the 1D MA300 (yellow trend-line) as our long-term target for Dow Jones (DJI): The index came just a few points below it and so far we see a minor pull-back and consolidation, attributed both to profit taking as well as risk aversion before the important CPI report on Thursday. As...