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Dow Jones Industrial Average Index

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DJI trade ideas

US30 / Correction to 41345 then bullish trend...Dow Jones Still trades in the bullish zone As long as it trades above 41345 it will continue the bullish trend toward 41550 and 41800, especially after their retest on Friday. Closing 4h candle under 41345 means there will be a bearish trend toward 41180 and 41030 Key Levels: Pivot Line: 41550 Resistance Levels: 41720, 41880, 42020 Support Levels: 41345, 41180, 41030 Expected Trading Range Today: The price will likely fluctuate between support at 41180 and resistance at 41880. Trend: Bearish correction till 41345
OANDA:US30USD
by SroshMayi
Dow Jones Industrial Average Near Major ResistanceThe Dow Jones Industrial Average (DJI) is nearing major Fibonacci resistance. When measuring large percentage gains, its more appropriate to compare growth rates. Within Elliott – Motive waves there’s usually a Fibonacci relationship between the first and fifth waves. Primary wave had a growth rate of 74% multiplied by the Fibonacci ratio of .618 equals 45.73%. Adding 45.73% growth to the Primary wave bottom of 28,660.94 targets 41,767.58 for the peak of Primary wave . This target could be achieved on 09/03/24 or 09/04/24.
TVC:DJIShort
by markrivest
US30 View!!The S&P/ASX 200 index XJO was down nearly 0.4% at 8,062.90 points, as of 0055 GMT, with all but two sectors in the red. The benchmark ended 0.6% higher on Friday. The country's second-quarter GDP report, due this week, could set the stage for the Reserve Bank of Australia's interest rate trajectory when officials meet later this month. Economic data from the United States signalled the Federal Reserve will likely cut interest rates by a smaller quantum of 25 basis points, instead of 50 bps.
FX:US30Long
by FXBANkthe8055
Fed Cuts, Recession Here!Each and every end of a rate hike cycle has been met with economic recession or worse. The Fed will cut and the markets will implode, why? because the damage has already been done. All the fudging and manipulation the past few years will be exposed, GDP growth is a farce, high inflation has eroded your purchasing power for three years. Wages are rising a fraction of living costs rising... every country is experiencing this squeeze, especially the middle class. Folks are ceasing buying items or goods that are no longer necessary, cutting back on non essential is hurting manufacturing, I suppose the WEF and the greens will be happy that our "carbon footprint" is being shrunk. The same groups that fly private and drive in their expensive cars. The repo market was in serious trouble in late 2019, they created the perfect cover in 2020, they printed trillions and most of it went to the banks. We warned about inflation and to buy gold, a simple insurance policy. Our bearish stance has been proven wrong countless times, how can you compete with corruption and manipulated markets driven on fake economic numbers? Expect a top very soon in the markets, they are way overbought and hyped, expect some form of crisis or events to tag along with the coming collapse, take your pick. PM's are due for a pullback, then another wave higher, a strong wave up. Be careful for a top and heavy pullback as the markets get hammered. Watch the top red trend line now, another couple of hundred points and that should be about it. Appreciate a thumbs up, God bless you all!
BLACKBULL:US30Short
by Fractal777
5
US30 longHere is why: - Price broke all time highs, therefore there is evidence of price going higher - The monthly, weekly and daily candlestick closures are showing evidence that price is definitely going higher. - On the 4 hour timeframe I can see that price has reached a major level of resistance. However, there is no convincing rejection, indicating that price is going higher. - I would have to wait for a convincing buy pattern, before I enter long. Therefore I am waiting for buy confluences to form on the 4 hour timeframe. Moreover, I would have to wait for the New York session before I make any move.
FX:US30Long
by kingmwenja
Breaking down Dow Jones Elliott WavesThe above chart is my main hypothesis for the Elliott Wave count of Dow Jones which represents the Elliott Wave Analysis of the Bull Market Post 2008 financial crisis. Kindly read all the details to better understand the Elliott Wave analysis and how Elliott Waves can be used to give us an edge in trading. Currently it looks like we are in an Ending Diagonal waves. The reason we are in Ending Diagonal Wave 3 instead of Wave B of ABC flat is because we are too far up now for our current market to be considered in wave B of an ABC flat. The 2008 crisis bear market was an ABC flat, if you look, we crashed at that time when Wave B was at around 138% of Wave A. I have attached sub wave structure of the rally we have seen so far after the COVID crash. I have explained my reasoning for my wave counts in the chart which you can take a look. Now moving further inside our sub waves, below chart shows the sub wave structure of the ABC wave we are in since 27 October, 2023 Further moving inside our sub waves, the chart below shows the breakdown waves of our this year move. Once all the waves shown in the below chart finish, we should see a correction towards our Post COVID peak price levels.
DJ:DJI
by syedhamza2135
1