Dow Jones has had a very sharp two-day pull-back, which hit today the 1D MA200 (orange-trend-line). That came off an Inverse Head and Shoulders pattern (IH&S) that continues to resemble that of June - July. With the 1D RSI hitting the Symmetrical Support level of the July 19 low which initiated the strong rebound to the 0.236 Fibonacci extension, I expect the same...
Dow Jones has been trading inside a Channel Up since the Q2 of 2021 a time during which I have been bullish buying every Higher Low within the pattern. This hasn't changed, especially after it recently made a strong rebound exactly on the 1W MA50 (blue trend-line), which during long-term uptrends is typically the major Support. However with this analysis I want...
This is an update to my most recent Dow Jones idea that gave the buy signal on the bottom of the Channel Up a week ago: The index has been rallying aggressively since then and now faces the first important Resistance (black dashed line). This may be an Inverse Head and Shoulders pattern similar to the June one. That has given two buy opportunities on the 1D...
Pattern: Channel Up on 1D. Signal: Buy as the price reached both the 0.618 Fibonacci retracement level as well as the 1D MA200 (orange trend-line). The last parameter to fulfil is the RSI Support, so allow margin for one last low at the bottom of the Channel Up. Target: 36500 (Resistance and All Time High) and 37000 in extension (Higher High of the Channel...
The Solomon Number of US30 is: 35740 Instructions: A- Every DECREASE in price is an opportunity to BUY. The Target is Solomon Number 35740. B- Once the Solomon Number is touched the analysis is no longer valid to enter OR take long again. D- Apply proper risk management according to your balance. 1st short entry@ now TP@ 35740
Following the new top on the Higher Highs trend-line of the multi-month Channel Up, the index got rejected and has been pulling back since. It is approaching the 1D MA50 (blue trend-line) which serves as a technical medium-term Support. If it holds then I expect a strong rally towards the 0.236 Fibonacci extension setting a personal target at 37000. See how the 1D...
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...
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. **...
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. **...
Pattern: Channel Up on 1D. Signal: Buy as the price hit the 1D MA50 (blue trend-line) and the zone within the 1D MA50 and the 4H MA400 (yellow trend-line) has been a buy opportunity within the Channel Up. Also the previous -5% pull-backs have been buy opportunities, both of which made a bottom within that zone. In addition, the RSI bounced on its Support...
This is an Update of the original post ; This is now at a 36 month Major Resistance! It is quite likely this will be the (very) long-term, final top.
Pattern: Channel Up X 2 on 4H. Signal: Buy as the price hit the Higher Lows trend-line of the orange Channel Up. The Higher Lows trend-line of the blue Channel Up is exactly on the 4H MA200 (orange trend-line). Target: 31500 (the 1.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
Pattern: Channel Up on 4H. Signal: Buy after the MACD makes a bearish cross and drops below 0. Potential low when the RSI approaches its Lows Lows trend-line. Target: Calculate it to be near the 1.236 Fibonacci extension. Modest estimate 30600. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Dow rebounded 3 days ago on the 1D MA200 (orange trend-line). Since late July, this trend-line has been holding firmly as Support and every contact (with a candle week, no candle closing has been done below it), has resulted in a strong rise. Since the pattern is a Channel Down currently (since the September 03 High) is is natural to target the Lower High...
The Channel Up since June has fairly the same basic structure (even though more aggressive) than the one from March to September 2019, which led to the pre-COVID All Time High. That pattern ended with a Lower High than created a Triangle, which eventually broke to the upside to the ATH. Dow Jones made that Lower High last week. See also how the RSI consolidated...
Pattern: Channel Up on 1D. Signal: Buy as the price broke above the 1D MA50, crossing it as a Resistance for the first time since April 27. Also the MACD formed a Bullish Cross. The past 3 occurrences initiated a rally. Target: 29200 (the Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support...
DOW JONES 1D-TIMEFRAME ANALYSIS Good evening ladies and gentlemen This is my new idea for DOW DOW price will test 25800 daily support My idea shows the possibility of breaking this support But be relaxed Real support is between 24500 and 24800 It would be good to test it From there we will start the bull market I hope my idea is clear Support me by...