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...
Price currently moving in an uptrend in LTF while making another swing inside a HTF Downtrend channel. And the price aslo has a resistance at 33039 & support at 31846. now if price closes below the support, then it would make a breakout of the uptrend & price might continue pushing down for another swing low respecting the HTF downtrend channel to come down to the...
the price after strong bearish run and a HTF bearish engulfing candle close, formed a small structure with some ranging on small TF by facing support at 32041 & resistance at 32234. Now if price makes a break & closes below the recent support in atleast 30m-1hr TF then price might continue its bearish run towards next support at 31719 or all the way to...
Price after a retest on HTF resistance, its currently on the pre stage of forming a build up or ranging phase. So wait for the price create more highs & lows forming a proper support and resistance in that ranging phase. After such structure is formed, then we can look for trades on the breakout of such structure anticipating if price could continue moving bullish...
Dowjones made double bottom pattern 0n an hourly chart & confirmed it by breaking/trading above 30454 which happens to previous swing high. If everything(russia-ukrain & china-taiwan) goes well & dowjone break/trade/close above 31021 level then it ll xplode & get ready for one way rally of 32500 in 5-6 trading sessions.
US30 currently retesting the HTF downtrendline on a major key level with multiple retests at 33039 which could act as a resistance for the price. And US30 also has a support with multiple major retests at 32212 where price might also come to make some small pullbacks. So if price closes above the resistance, then we can look for long trades & if price closes below...
The price currently moving in an uptrend channel while its also facing support at 31851 & resistance at 32125. Now a breakout of the support could mean a breakout of the uptrend channel. so if price continue to respect the resistance & closes below the support on a 30m TF atleast, then it could continue pushing down to the next support zone at 31612. Similarly if...
It was 2 weeks ago when we made a case for a medium-term buy on the Dow Jones index (DJI), against popular belief, as we had early signs that the index made a June 17 type bottom and was about to repeat the June-Aug rebound: Our view has been confirmed so far and following the 1D RSI break above the Lower Highs and the 1D MACD Bullish Cross, the rally broke...
Here is a new update from our previous post on (US30 High Probability Sell Setup) on Friday Oct 20 / 2022, which didn't take place on that day or yesterday as investors this week remain laser focused on earnings from the biggest technology companies for further clues into the health of the U.S. economy, with the CB Consumer Confidence Index is released today at...
DOW JONES INDUSTRAIL AVERAGE ( DJI ) Time Frame - H1 We have ELLIOT IMPULSIVE WAVE ( Bearish ) in Long Time Frame #LTF Completed " 123 " Wave and Forming " 4th " Impulsive wave will Reject from Fibonacci Level ( 50% - 61.80% ) BULLISH CHANNEL Pattern in Short Time Frame #STF need Rejection from the Upper Trend Line #UTL ELLIOT TRIPLE WAVE COMBO in Short Time...
US30 currently ranging in between 30793 as its resistance & 30266 as its support while also retesting a HTF downtrendline. Now a breakout of the ranging Phase might determine whether US30 will continue moving down in respect to the downtrendline or make a breakout of the trendline to continue pushing up. So if the price makes a break & close below the Support...
The Dow Jones Industrial Average (DJI) has been highly volatile today following a two day selling sequence on last week's closing. Following the NFP on Friday, the market is entering the anticipation mode over this week's CPI report, which is crucial on the Fed's rate policy. Amidst this high volatility we have spotted a recurring pattern, which has been...
Dow Jones Industrial Average Index View Spot Cmp - 29941 Dow Looking Week On The Chart Follow Lower Low Pattern In The Chart Important Levels Above 30572 Go Long For Target 32000 ++ Below 30428 Go Short For Target 28000 ++
On Tuesday, U.S. indices closed in greens for the second consecutive session as Treasury Yields fell & investors grow hopeful that the Feds will decrease its aggressive tightening policy amidst jobs data, US30 (Dow Jones Industrial Average) rose 825.43pts (2.8%) to 30316, we believe the UPTREND move will be resuming this coming days & weeks due to the November...
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The Dow Jones Industrial Average (DJI) is currently pulling-back as yesterday's rebound has failed so far to break the Channel's median. That is the Channel Down, the dominant pattern, that the index has been trading in since the August 16 High. As you see that middle trend-line has been holding a key role within this pattern. The current price action resembles...