The price breaks the trend, and according to my analysis, The price will correct first, then by re-examining the chart, there will most likely be an opportunity to buy. It is apparent in the picture. However, I think the orange color will happen. Caution I saw the trend for a long time frame still bullish !!! Follow me, like, comment, and ask questions.
The Dow Jones Index (DJI) is on its 7th straight day below the 1D MA50 (blue trend-line) having fallen almost -10% since its August 16 High caused by the strong rejection on the 1D MA300 (yellow trend-line). The price has hit today the Higher Lows trend-line that started on the June 17 Low and had one more contact on July 14. This is the only Support level that...
The Dow Jones Index (DJI) hit the 1D MA50 (blue trend-line) yesterday and today shows the first signs of recovery. The drop from the August 16 High has been substantial, almost -7% but so has the rise since the June 17 low (more than +15%), so profit taking was natural, especially since the High exceeded the 1D MA200 (orange trend-line). The first Resistance on...
Exactly 2 weeks ago on our last Dow Jones (DJI) analysis we stated that the price had entered a possible rejection zone (red) and unless it closed a weekly (1W) candle above the 1D MA200, we would get a pull-back: Well as it turned out the index closed last week below both the 1D MA200 (red trend-line) and the 1W MA50 (blue trend-line), which are very close...
The Dow Jones index (DJI) broke above its 1D MA200 (orange trend-line) early this week but got rejected on the 0.618 Fibonacci retracement level (from its January 05 All Time High (ATH)). Failing to hold the 1D MA200 as a Support, can result into a short-term pull-back to test the lower Fibonacci levels (0.5 and 0.382) as well as the 1D MA100 (green trend-line)...
The Dow Jones Index (DJI) has finally entered the Rejection Zone that we wrote about last week, consisting of the 1D MA200 (orange trend-line) and the 0.618 Fibonacci retracement level: With the RSI on the 1W time-frame at its highest level since January 17 2022 but more importantly the 1W MACD on the first Bullish Cross since this 8 month Bear Phase started,...
The Dow Jones Industrial Average (DJI) fulfilled our buy signal given in late June after the price made a Lower Low on its long-term Channel Down: Right now the scene has slightly changed as the 1D RSI broke above its 8 month Resistance Zone and even though the price is now exactly on the Lower Highs (top) trend-line of the Channel Down, this may be the first...
Dow Jones (DJI) got rejected yesterday after marginally breaking above the 1D MA50 (blue trend-line) for the first time since May 05. This comes after 3 weeks of sideways trading following the Lower Low of the Channel Down on June 17. That was clearly mentioned and projected 1 month ago s shown on our idea below: The recent consolidation though comes as a...
Dow Jones (DJI) reversed last week's pull-back and is on a nearly perfect repeat of the last rebound to the top of the long-term Channel Down in an attempt to price a new Lower High. As most recently mentioned 3 weeks ago on our idea below, the Channel had already formed its short-term bottom: At the moment, based also on the 1D RSI fractals, it appears that...
This analysis on the 1W time-frame illustrates the Dow Jones Industrial Average (DJI) on the log scale. The emphasis is on the comparison of this year's correction with the Subprime Mortgage Crisis that started after the October 2007 peak and bottomed in March 2009. As you see so far this year's correction has been following the fractal extremely closely....
The Dow Jones index (DJI) has had a strong red 1D candle yesterday right before attempting a test of the 1D MA50 (blue trend-line), which is the short-term Resistance. As you see the long-term pattern has been a Channel Down since the January 05 high. This formation has enabled us to accurately identify and trade the Highs and Lows as you can see from the two most...
Here is my view for US30 on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This is a simple yet extremely informative analysis of the Dow Jones (DJI) index on how its multi-year correlation with the Unemployment Rate (black trend-line) and the Inflation Rate (grey trend-line) provide the ultimate Entry/ Exit signals on the long-term. The blue trend-line is Dow's 1M MA50 and the green is the 1M MA100. As you see, with the sample starting...
Dow Jones (DJI) has been trading within a Channel Down since its All Time High on January 04 2022. It is the very same Channel on which we based the accurate sell call 10 days ago as the price failed to break above the 1D MA50 (blue trend-line) for more than a week: Right now the index broke below the previous Support and made a new Low. In fact it is exactly...
Here is my view for US30 on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Dow Jones (DJI) eventually rebounded at the bottom (Lower Lows trend-line) of its long-term Channel Down, since our last analysis that indicated a sold R/R ratio for going long: Since the end of May though, the index has failed just before a 1D MA50 (blue trend-line) test and turned sideways below that level. This is similar to the last Lower High formation...
Like I said in my last analysis on DOW, it might face resistance at 33200 level. So, I'm taking a Neutral stance and smart money can be seen at Current market 33200 Straddle.
Dow Jones (DJI) has been trading within a Channel Down throughout this whole 2022 correction. Friday's low along with the 1D RSI sequence, resemble the bottom fractal of the last Lower Low within the Channel Down on March 08. The index rebounded to just above the 0.618 Fibonacci retracement level at the time to price the Lower High. Currently the 0.618 Fib is...