Dow Jones ETF (DIA) ~ December 4H Swing

Dec 4, 2023

DIA chart anaylsis/mapping.

DIA ETF on relative strength compared to recent SPY/QQQ performance, indicating potential market rotation.

Trading scenarios:

• Continuation rally #1 = top range of Fib.
  
• Shallow pullback #1 = ascending trend-line (white) / ascending trend-line (green dashed) / gap fill confluence zone.
  
• Shallow pullback #2 = gap fills / descending trend-line (light blue) / 78.6% Fib confluence zone.
  
• Deeper pullback #1 = Golden Pocket Fib / 200MA confluence zone.
  
• Capitulation #1 = 50% Fib / ascending trend-line (light blue).
  
• Capitulation #2 = gap fills / 38.2% Fib confluence zone.
  
• Capitulation #3 = gap fills / 23.6% Fib confluence zone.