Djiaforecast
$DJIA -Awaiting Apex's End *2WBig Move incoming for Dow Jones Industrial Average.
AMEX:DJIA has created Triangle's Apex approaching the end .
Note that this is a Neutral Pattern, it can go each ways ;
Bearish and Bullish.
(depending on TVC:DXY , Geo-Politics & Macro Economics conditions)
For now, it's better to observe and stay sharp and await for further confirmations.
Nothing is clear yet TA speaking for AMEX:DJIA
AMEX:DJIA is one of the Heaviest Financial Sector for United States.
That being said,
it is very important to always have a lookout of its Price Action
and Trends Directions for further clarification of how other US Financial Sectors
will perform.
A Change of Charachter would definetely bring more clarification of reaching levels
of ATH or LOW
At the time of this idea being released price is finding some support at S/R
zone and 20-50EMA over maintaining their bullish crossover.
For now, it's better to observe and stay sharp and await for further confirmations.
Nothing is clear yet TA speaking for AMEX:DJIA , as well taking in to consideration
The Debt Ceiling decision that is yet to take place.
TRADE SAFE
***
Note that this is not Financial Advice !
Please do your own research and consult your Financial Advisor before partaking
any trading related activities based soly on this idea.
40 Bar Cycle Chart - Dow Jones DIA DJIA - Updated 121022Given that we are headed into the release of the November Consumer Price Index this upcoming (Tuesday, December 13th) and also the December Federal Reserve Interest Rate Decision (Wednesday, December 14th) , are markets set up for another short opportunity into the end of January (Q1)?
DIA DJIA Daily Chart Template
www.tradingview.com
Which camp are you in on the short-term (end of year into Q1/23') direction of markets?
Camp A: We are likely we headed for new lows in Q1/23 (Fluctuating Inflation + Persistent Price/Wage Pressures + Hawkish FED).
Camp B: We are likely to break the downtrend into the start of Q1/23' (Peak Inflation + Deflationary Forces + Dovish FED).
Let me know your prediction in the comments below!
Is Dow's correction really over?As we all know, Dow30 (All American indices in fact) started to drop since the beginning of the year.
However, looking at a longer chart we can see that this drop is overlapping suggesting correction.
At the beginning of October, Dji made a new low under 30k, followed by a second drop in that zone, making a small double bottom.
After the break back above 30k, the index traded to the upside in a very nice and constructive way and recently also broke above the falling trend line.
If this is a bull trap or not remains to be seen, but strictly technical, the index is bullish at this moment and it will stay this way as long as the price is above 32k.
A break above 34k would call for further gains and February's 36k high could be the target.
DJIVery simple ... Very clear
We are facing a downward trend and the price move to the upper ranges is just a correction.
There is a resistance zone in the range of 32,600. It is possible that when the price reaches this range, a downward trend will begin.
The main target in this downtrend could be in the range of 29300.
This is my personal opinion. Please do not trade based on my analysis and data.
Dow Jones Industrial Average index trading ideasThe DJI has been moving sideways since September 2021, recently the Russian-Ukraine conflict occurred and the price went down and broke the support zone (33700 - 34000) but soon the price bounced back showing one of the best Bullish candlestick patterns ever, especially when it happens in a support zone.
For me, this is how I would trade the US stock market based on this market behavior ... as long as the price is moving in the sideways zone shown in figure (34000 - 36500) I would be in a "Buy Low Sell High" mentality. As soon as the price breaks the 36500 zones to the upside and retests I would change the trading mentality into "Buying high Selling Higher" and start following trends in the market.
Dow Jones: Playing the Triangle 🎼Dow Jones has joined an orchestra and is currently making use of our pink triangle. We expect it to play it a little bit longer until the bottom of the orange zone between 33518 and 32614 points, where wave Z in green as well as wave iv in orange should end and give Dow Jones new drive to take off, aiming for the resistance at 35521 points.
Still, there is a 30% chance that Dow Jones could fall though the orange zone and below 32500 points. From there, it should drop further downwards.
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that has been done. The main waves 1 and 2 are complete.
As we said in the previous analysis, it is possible that the main wave 3 is not over and we are in the wave 4 of the 3rd wave.
From wave 3, wave 2 was not normal and this wave can be shorter in time and the rest of the waves are part of wave 3.
But for now, this is how we consider it.
From wave 3, microwave 5 forms its ascent and it is probable that it will climb to Fibo 1.618 and then wave 4 will form long and deep.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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