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...
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 32553 where the 50% Fibonacci retracement is to our 1st support at 31294 in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the 78.6% Fibonacci retracement.
Any...
The Dow Jones index (DJI), eventually fulfilled the selling sequence of January's fractal which I mentioned as possibility on my last analysis:
The index is now very close to the Higher Lows trend-line of the February 24 Low and even though the January fractal hints to more selling, if the Higher Lows hold, I expect a rebound towards the 0.618 Fibonacci...
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our entry at 33583 where the horizontal overlap resistance is to our take profit at 32689 in line with the horizontal swing low support. Alternatively, price may break structure and head for stop loss where the horizontal overlap resistance and 38.2% Fibonacci...
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our entry at 33583 where the horizontal overlap resistance is to our take profit at 32689 in line with the horizontal swing low support. Alternatively, price may break structure and head for stop loss where the horizontal overlap resistance and 38.2% Fibonacci...
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 34078 where the overlap resistance is from our 1st support at 33354 in line with the horizontal pullback support and 61.8% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support where the...
All eyes on the Dow futures /YM. The Dow has not been able to sustain above the $36,000 level for several months now. Will it finally have the momentum to go to newer heights?
Prices are on bullish momentum and consolidating in a parallel channel. We see the potential for further bullish continuation from our buy entry at 38.2% Fibonacci retracement towards our Take Profit at 12346 in line with 100% Fibonacci Projection and 61.8% Fibonacci retracement. Prices are trading above our ichimoku cloud support, further supporting our bullish...
Hello trading friends,
dow jones and other important trend stocks could make a difference in different markets - and it's important to follow it to see last trends
Know that since Ukraine and Russia - there could be many unexpected trends - most traders know that even without seeing the news trends - depending on TA and the right risk management could they be...
Just sharing this idea to see what everyone thinks, the Dow Jones has already bounced off the top trend line and now looks like it will test it again, will it bounce off the trend line again?
Hello trading friends,
The opening of dow jones - looks to enter a new downtrend coming time.
There are also new world changes that could make this trend go into breakdown - into trading there is noting called 100% right - so on this way manage your risk at all time.
Data
Data shows that us30 depending on the last trends Ukraine and Russia - and since we have...
I'm not a financial advisor and this is only my pure thoughts about what US30 will do soon.
This is my prediction for US stock market crash that I think will happen in the next few days.
As we can see last time when the price dropped under 200MA and retested it, the market crash happened and I think this will happen again in the first week of February 2022.
I...
Dow Jones has bee forming peculiar Cup & Handle (C&H) patterns since June 2021. Every time the price broke above the Handle, new All Time High (ATH) followed. As you see DJI is right now on its 1D MA50 (blue trend-line) and about to break above the latest handle. If it breaks, the formation should target the 1.236 Fibonacci extension by mid March. The time-frame...
DowJones, the price can break 35050 so if can complete this trend then will be strong down.
———
Downward
First scenario
Entry: under 35050
Tp.: 34820 & 34700 & 3580
Sl.: 35230
——-
Second scenario
If can stable above 35050 during this after three hours
Will be upward till 35320
Sl. 35000
