Dow Jones Industrial Average IndexDow Jones Industrial Average IndexDow Jones Industrial Average Index

Dow Jones Industrial Average Index

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US30 On the Hourly, the previous candle is a Near Doji (highlighted in yellow). When a Doji shows up within a bearish trend, then more moves to the downside until a bottom reversal pattern shows up.

But if this bullish Near Doji is the bottom of the trend, then it is what's called a Bullish Rickshaw, acting as a bottom reversal for a move back up towards the current mean reversion price of around 47,886.
Snapshot

US30 Nice 1k profit made off the bounce. Some market manipulation is taking place due to news that's going to come out, investors are pulling back to see what will happen before committing...and now we can see market indecision with the current candle (1H)

US30 guess another late night move

US30 Nice manipulation for tomorrow big news 🤣😂

US30 If the bears reject a breakout of the Inside Day's low of 47,778 (shown as an orange line), then the bulls can show up for a breakout at Inside Day's high of 48,053 (shown as an orange line).

Just in Case:
If the bears attempt do drop down more towards the Swing Low of 47,741 to breach it with a candle close past that price, then more moves to the downside.
Snapshot

US30 Be Careful!
The bearish candle still forming is a Major Pivot High (with red arrow circled), so there may be one more move to the downside.

If the bears show up, they are likely to do a lower wick fill of this candle. Watch to see if they will head back up after a partial or full lower wick fill, then go up from there towards the Bearish Trendline (in red dotted line) to flip the market bias OR do a candle close past the low of this bearish candle at 47,763 as an intent to drop down more.

But if no lower wick fill in the new hour, it can happen eventually.
Snapshot

US30 liquidity sweep, also, investors are waiting for the news on rate cuts, still bullish for me

US30 it's going down it's going timber

US30 The Hourly is in Neutral (directional) Market Bias from the bullish and bearish trendlines (in red and green dotted lines) fanned out. A breakout needs to happen.

From many hours of tight consolidation, a new S&R Zone was added to a previous one, creating a solid cushion of Support for the bulls to currently rise from. They are also crossing the Bearish Trendline (in red dotted line) by going above it to flip the market bias from Neutral to Bullish.

The bulls can head towards the Inside Day's high of 48,053 for a breakout. Watch if it's a true or a false breakout to know the direction. But if the bears show up instead, they can resist a breakout at the trendline and head down towards the S&R Zone below that starts at 47,849.

Also, a Double Inside Day showed up on the Hourly, so a BIG move is coming.
Snapshot