A price action above 58.00 supports a bullish trend direction.
Bullish confirmation for a break above 60.00.
The target price is set at 62.00 (at the upper range of the inclining channel pattern).
The stop-loss price is set at 57.00 (at its 38.2% Fibonacci retracement level).
Remains in a well-established inclining channel pattern.
Favourable win/loss ratio applicable.
A potential of 44% was detected against a temporary loss of 22% from the current level. Taboo this does not happen immediately. Patiently accumulate positions in the direction of the long-term goal. I don't expect the price to operate below 53.73, but if that happens, we should wait from 53.73 towards 46.10 and increase the position here. It will result in...
The price of the Dow Inc. is currently trying to overcome the resistance at 57.74. We expect that the price will succeed and continue the uptrend until the magenta wave (Y) reaches its top. In the short term, there is a 36% probability that another corrective low will be made, which will be confirmed if the support at $52.64 is lost.
DOW Inc. had been downtrending for quite some time (since it made a double-top peak in April of '22). But, I'm seeing signs of life. On the monthly timeframe, it's squeezing with rising momentum. On the weekly timeframe, the squeeze fired 2 bars ago and, there's a Daily squeeze primed to fire long. Combine that with the fact that it just formed a nice cup &...
We continue to locate the Dow stock in the bearish wave (Z) in magenta and expect the price to fall back to our dark green Target Zone on the south side (coordinates: $46.66 - $42.79). Traders could place a stop for long positions 1% below the lower edge of the Target Zone, or in this case 1% below the support level at $42.79. However, it should be noted that our...
NYSE:DOW a great example why long term investing doesn't always beat shorter term speculating/trading
current price at same level as EOY '19....
closed the 2 down quarter green, above the low of previous quarter = positive
inside year = no clear direction, until market gives us new clues = neutral
anything can happen
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Hey Traders, DOW is on the bullish trend, based on the 4HR timeframe and confirmation of the 61.8% Fibb Retracement with the Golden Buy zone, with the potential of hitting the TP4 by next few 2-3 weeks, Enjoy your profits.
📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: positive swing to resistance.
Next Wave: buy wave to the deviation.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Release Date: 10/24 BMO
Quarter:...
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Review of our Trades from Thursday 21/09/23.
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Within the turquoise B wave, the Dow is currently in a downtrend. We expect this decline to continue to the turquoise target zone between $51.53 and $48.47, where we expect the reversal to occur. If the bulls prevent a decline until then and push the price above the resistance at $56.49, which we consider to be 34% probable, the price would establish the high of...
The level indicated on the chart does not guarantee that the stock will directly reach the specified price level, but a bounce and a surge in sales are highly likely when it is reached.
A price action above 52 supports a bullish trend direction.
Further bullish confirmation for a break above 54.00.
The target price is set at 56.00.
The stop-loss price is set at 51.00 (200-day).
Is a symmetrical triangle pattern busy developing?
I do not like where the DOW is heading right now. It closed below the 200d EMA last week, this is not looking good. I would be careful with the stock market right now as there are still plenty of volatility. If DOW drops below $52, it might form a cup and handle at $49.50 and if completed, targeting $43. Stay safe.
Left chart – daily chart / 1 year
• Resistance from the price gap formed mid-January 2023 at USD 56.58/57.02
• Resistance from 76.4% Fibonacci Retracement at USD 56.64
• Support from the price gap formed mid-November 2022 at USD 50.02/50.90
• It looks like that the MACD-Line is crossing the Signal line from the top to the bottom
• If there is another negative day,...
Possible Head and Shoulders pattern that is not valid until the neckline is broken with a downtrend.
The neckline is support until then.
No recommendation/Some would measure from the head to the neckline, project that down from the neckline and apply fib levels.
