We interpret the current downtrend of the Dow Jones as a temporary correction. The turnaround area should be around 34358 points, which we are about to reach. However, there is still plenty of room on the downside. In total, the Dow should fall to 33623 points at max. Below that line, we will face bigger corrective patterns. Waiting is key!
Given that the price has been successful in breaking the resistance range and has also rebounded to the broken level, we can expect growth of at least 36,000.
With all the fear mongering/hype regarding the Delta variant, along with newly implemented mask and vaccine mandates, the idea of more lockdowns is just around the corner. Because of this, I plan on playing this low risk / high reward short setup in the Dow Jones Industrial Average TVC:DJI or AMEX:DIA ). This play is being used slightly as a hedge against any...
Technical Overview: - Dow Jones Previous analysis - We also caught this move from the bottom - We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :) Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as...
After the good growth it has experienced, we expect to have a short-term correction to the specified level and then move on to its new Targets ...
I've waited for the opening bell movement to post this idea, the Wednesday dip was well set to complete the formation of the bullish flag that has formed on the daily chart of Dow Jones Industrial Average. With the Job date due tomorrow I don't see why we cannot expect breakout thus seeing the continuation into the ATHs. Note that the pattern is only visible on...
DJI is about to give a breakout, as I feel it is now forming an inverted head and shoulder which is a Bullish sign
Technical Overview: - US30 Previous analysis - We also caught this move from the bottom - We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :) Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that. Wait...
I don't use EW but this just a "addon" for my analysis, anyway, the next target is around 37500- 38000, now we are in a new highest high!
35120 area of resistance is where the US30 price has been pulling back many times in the past and its the only main resistance, the price jumped very high last week. I don't think it'll stay bullish, it may consolidate before it falls due to divergences.
Technical Overview: - US30 Previous analysis - We also caught this move from the bottom - We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :) Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that. Wait...
With earning Releases coming up this week. This is my forecast for US30. Monday we could face bearish power for a retest of price and for central banks to get a discounted price in order to fill liquid. From that point we would see bull power and reach new ATH's and TPs. - Share your opinion in the comments below and support the idea. Thank you for the support.
Just did the algo key code to get an overall market estimate on how it should move over the next week. based off the last 3 moves like this....They all came down to find support on the bottom BB and bounced up to a 45 degree climb up the upper BB. The path shows the overall direction from the last previous move. if it breaks the bath. Imagine it will most...
Price made a classical drop bounce on the H4 major trendline. Price expected to make new highs this coming week. Comment Like Share Follow
A wave and C wave have to be the same length, which is why for the coming days, im bearish on US30!
Bounce just on the MA, but Im not sure, looks like a bouce, IMO still in the range sideways, possibly 33500 - 34000 is the key level short term