The Dow Jones Industrial Average has recently surpassed the 39273 level, breaching the 61.8% Fibonacci retracement threshold, yet remaining below the 78.6% mark. Currently, the price has encountered a Bearish Order Block in a higher timeframe, suggesting the potential for a reversal, particularly given the overbought conditions signaled by both the stochastic...
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Hi,
With volume from NYSE opening, we may yet see another pump from US30.
Expected entry area - 39546.25
Textbook SL 39513.56
Final TP 39699.50
Pay attention to TP 1 to 3 and risk accordingly.
Warning: trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford...
Powell's reference to not increasing interest rates increases risk-taking
By examining the trend in the four-hour time frame, the Dow Jones index has broken the resistance range of the ceiling of the ascending channel in the range of 39,438-39,314, and now, due to the increase in the moving averages of the ALLIGATOR indicator, the possibility of price increase up...
Outlook for DJI on 1day chart.
Upperer-degree wave (b) has already been completed and the final wave (c) has started.
If this scenario is correct, I think We are in sub-waveⅱ of wave (c).
Sub-waveⅱ is expected to complete soon.
After that, sub-wave ⅲ will start.
The sub-waves of wave iii will form a 5-wave impulse.
Last time my idea.
■Apr 04, 2024. long-term...
A 5th wave can extend into 9 waves as per my conjecture.
I will follow-up in the updates posited plausible crash scenario for early 2024 which is difficult to see on this chart if not zoomed in.
DJIA charted from 1789 inception .
It’s plausible that Robert Prechter’s Elliot Wave (EW) count for the DJI (c.f. direct link to the chart ) might be correct...
📉 Dow Jones Update: Bullish Breakout Signals Potential Recovery! 📈
Hey traders! 🌟 Big news from the Dow Jones market! 📉 After a prolonged correction from its all-time high, we're seeing some serious action! 🚀
🔄 On the 3-hour chart, the Dow Jones has formed a massive double bottom pattern. 📊 This is a classic sign of a potential trend reversal, folks! 💥
🐂 And...
Taken a small scalp short to finish the week on US 30.
Entry 39427
TP 39461
SL 39480
We are trading within the 15min FVG (red box) and we've partially taken the sellside (red line). Just keep a close eye on how we play from here and finish the day from here.
Hope you guys had an amazing week in general and enjoyed your trading. As always regardless of the...
Ahead of data releases and speeches from Federal Reserve officials, the price has risen.
The Dow Jones maintains its bullish momentum, targeting a rise to 39610, with the potential to extend gains to 39850 should it surpass this threshold.
Should the price stabilize below 39465, it is expected to decline to 39320, and a breach of this level could lead to further...
The price action has aligned precisely with our previous projection, successfully achieving our designated target.
Currently, the price is oscillating between 39075 and 38820. There is a potential for the price to initially touch 38820. It is critical to monitor the closing of either a 4-hour or 1-hour candle below this level, as such a closure would indicate a...
📈 Dow Jones Rollercoaster Update! 🎢
Hey traders! 🚀 Exciting news from the Dow Jones Industrial Average! 🌟 After a wild ride down from its all-time high, we're seeing some serious action! 🎉
📉 First off, we've been on a downward trend for a while now, but guess what? 🤔 There's a new sheriff in town! 🤠 The daily chart is showing us a flashy double bottom pattern. 🔄...
Technical Analysis
1.There is Crossing of 20 EMA with the Trend
2. There is Break of Trend line
3.There is Divergence in RSI
4.There is Divergence in momentum
5.MACD line crossing the signal line
Dow Jones New Forecast
The price moved as our previous idea and reached our target perfectly.
The price of DowJones has a bullish pressure, so it will start a bullish trend toward 39010 and 39075, breaching 39075 means a continuation of a bullish trend toward 39285
otherwise closing 4h candle under 38820 will move under the bearish effect toward 38660
Pivot...
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I would be looking for bullish moves on US30 today provided price remains above 39500.
1 hour price bar(candlestick) has closed above a range that started mid NY session yesterday. The range formed shortly after a 211 pips pump.
Find my confluences below;
✅Price at psychological level?
✅Has there been a recent...
US30 New Forecast
Today's significant news has triggered substantial volatility in the market, making it conceivable for prices to surge as high as 39670. Should prices stabilize above this level, we can anticipate an ascent to 39850.
Conversely, should prices consolidate below 39410, a decline is expected, with potential targets at 39070 and 38280. This...
Chart : 4Hour
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
Price has been respecting the 39600 level as it did reject from that level with a heavy push to the downside on Friday .
We can look for short term selling opportunities in the market targeting the imbalance in the market . Or targeting the 4hour demand levels
