This is not the first time I bring forward the ideal of Dow Jones following this 2020 fractal: As you see from my October 01 idea above, this fractal comparison accurately projected the bottom of the Channel Up (blue) and the subsequent rally that followed. This time I am expanding this idea on the Fibonacci scale, as DJI broke above the Channel Up and hit...
The Dow Jones is extending its gains and solidifies its position north of the mark at 35777 points. The index should not cross this line - for now. In total, we expect the course to further increase and reach areas above 36958 points. After that, we expect a fall towards 35822 points. Happy trading!
It's been a while since I updated my Dow Jones thesis. The most recent one (Oct 13) was on the short-term 4H time-frame, where I identified a buy signal on this Inverse Head and Shoulders pattern: The longer-term one though was last updated on October 1 and this is where I come back to today as well: As you see, the bounce on the 1D MA200 gave a perfect...
The Dow Jones has been a very good boy ever since the low of the yellow wave 2. Currently, the surge should continue until somewhere around 35822 points. After completing a small correction, we expect the course to increase once again. Push it to the limit!
Pattern: Inverse Head and Shoulders on 4H. Signal: Buy as the price is close to completing the Right Shoulder and is on the 0.382 Fibonacci retracement level. Target: 34700 which is the 0.786 Fibonacci retracement level just below the Lower Highs...
Dow Jones have to break 35044 to make sure back on bullish track. but, it seems like not today for bullish. today candles close made sandwich bearish candles.
Dow Jones is trading within a Channel Up that reached today its Higher Lows trend-line (bottom). But perhaps the most important development is that in doing so, it hit the 1D MA200 (orange trend-line) for the first time since October 30 2020 (the U.S. elections)! That alone is a strong buy signal itself but consider also the following: * The RSI bounced on the...
Who is a good boy? The Dow Jones is! Here, the top was perfectly hit and the following correction also evolves as planned – so far. We expect the course to drop below 34034 points and then attack new all-time highs. Let’s gooooo!
Dow Jones broke the first main support line on 34600 and reached to the second one on (33600-33700) zone. Touched it two times but didn't break it. 35600 was the highest point then it started its correction. It almost completed its 5% correction when touched 33600. A strong bullish movement based on inflation rate, and monetary policies is most likely possible.
Dow Jones is trading within a Channel Up that has recently broken below the 1D MA100 (green trend-line). This is the first time in two months that is giving the first strong buy signals: * The RSI is near the 30.000 level which has marked price bottoms on June 18 2021, October 29 2020 (in the post COVID crash era). * The price is approaching the 1D MA200 (orange...
Pattern: Channel Up on 4H. Signal: Buy as the price made a rebound on the 4H MA50 (blue trend-line). Target: 35900 lower risk (just below the Higher Highs trend-line) or 36500 higher risk (a roughly +5.50% extension top from the MA100 low). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Channel Up on 1D. Signal: Buy if the price hits the 4H MA200 (orange trend-line) as it is the most optimal buy signal in the past 2 months. Target: 36400 (the 2.0 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
After the good growth it has experienced, we expect to have a short-term correction to the specified level and then move on to its new Targets ...
Pattern: Channel Up on 1D. Signal: Buy as the price is about to complete an Inverse Head and Shoulders within the Channel, similar to January/ February. Target: 36450 (the 2.0 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
DJI Weekly Technical Analysis All Indicators NEGATIVE Resistance: 35091,56 - 38542,62 Support: 33271,93 - 32071,41 - 31647,53 Until 30 August we will watch. Technical looking not good.
DJIA has been trading within a Channel Up since the U.S. elections last November. However since the May 10 Top, it has been trading under Lower Highs and Lower Lows which are the characteristics of a Channel Down. Last time we had such pattern was the sequence before the U.S. elections, which turned out to be a giant Bullish Flag. The 1D RSI has bounced off the 1...
Dow Jones is trading within a wide Channel Up on the 1D time-frame since the November U.S. elections break-out. Applying the Fibonacci Channel levels really gives this a better perspective. Yesterday the price hit the 1D MA50 (blue trend-line). As you see every contact within the 1D MA50 since January has been a buy opportunity. So far even when the 1D MA50...
Pattern: Fibonacci Channel on 4H. Signal: Buy as the index seems to be replicating the February/ March 2021 fractal. Every pull-back on each Resistance (R) is a buy opportunity. Target: $35100 (Resistance (R)2) short-term and $35500 (the 1.382 Fibonacci extension) long-term. ** Please support this idea with your likes and comments, it is the best way to...