US30 (DOW JONES) DJIThere are three ways this could possibly play out. Next week the market may want to retrace to continue down some more taking out some more lows. The market may want to finish going down and then turn around and head back up, or the market may want to turn around from its current position. I'll be observing movement during opening to get a better analysis to simply react from price action.
Djianalysis
Dow Jones PUPMING 35200Dow will pump till 35200 resistance Because of long sleep in Range mode , And its time to breakup and hit The TP's Good Luck Guys
US30 (DOW JONES)I'm going to have to follow market structure with this one. There is so much liquidity to the upside, but we have some lows to be taken out to the downside as well as imbalance to be mitigated. Of course, if the market shows otherwise go with the flow. Waiting for the market to go up but we have not broken the previous high yesterday or overnight. Not trading advice just an observation. Best of luck.
Breakout or a Fakeout?Next week is gonna be so crucial for DJI, a bearish reaction from the 200 daily MA is expected but the breakout of this bull flag could trigger longs after a retest of the descending channel's resitance line.
If it is a fakeout, we will see a massive sell off and create a new lower low.
Dow Jones (DJI) | The best target to climb🔥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.
According to the count, the main waves 1, 2 and 3 of this process have ended and now we are inside wave 4.
Wave 2 is the main correction shallow and short, so wave 4 is deep and long in terms of price or time.
Given the structure that has been formed so far, it is more likely to be time-consuming.
In the previous analysis, we assumed that the correction was in the form of a triangle or a flat, and said that if the last floor was broken, the type of correction would change again, and the type of correction would have changed to zigzag.
It is probable that wave a is forming from this zigzag, which ends with another descent to the channel ceiling and wave b is formed.
We think that to correct the temporal correction, wave b is a complex correction, and if it moves beyond Fibonacci 0.618, this analysis will be fielded.
Also, if the bottom of the channel is broken down, wave a was longer and wave b is corrected in the form of a pullback to the ceiling of the channel.
🙏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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DJI in previous wars and recent crisesIn this analysis of the Dow Jones Industrials I try to explain how the index has behaved during wars, inflation and its subsequent outcome. We are currently in the Ukrainian war and we must be very attentive to be able to carry out strategies that allow us to obtain high returns as history has indicated.
Best regards.
@MartinTopTrader
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 DJIIn my POV, Dow has done it's WAVE 5, which is now lead him to a correction wave.
As we could see, there's also a Double TOP pattern supported by Divergence from MACD and RSI indicator.
Now, it's on a retest phase. If it fail to climb, i am looking forward to that area.
Disclaimer ON
"I might be wrong"
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.
DJ30 - Confirmed SHORT Signal on Hash Ribbons 2 Day The DJ30 (Dow Jones Industrial Average) Now has a Confirmed "SHORT" Signal on Hash Ribbons 2 Day Chart.
As shown in the chart, the last time this happened was in February 2020 when the markets crashed spectacularly. In previous charts I have spoken about the 1929 prop to the great recession and place the bars pattern as an overlay on my chart analysis. You can search for these on my profile. I have heavy on SHORTS right now.
Dow Jones (DJI) | The best target to climb🔥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.
According to the count, the main waves 1, 2 and 3 of this process have ended and we are now inside wave 4.
Wave 2 is the main correction shallow and short, so wave 4 is deep and long in terms of price or time.
Given the structure that has been formed so far, it is more likely to be time-consuming.
Its current structure is similar to a flat, a flat that has no relation and is formed without any rules, and we still assume that this correction has continued in the form of a triangle or in a complex way, and now we have to wait for the ascent for the d or x wave.
If Fibo 0.23 is broken, price correction should be considered for the trend.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Dow Jones: The Second Time Around 🎤“ Love is lovelier the second time around… ”, so they say in the Oscar-nominated song “The Second Time Around”. First performed by Bing Crosby in the 1960 musical-movie “High Time”, the song became even more popular when Frank Sinatra added it to his repertoire one year later.
The song’s message might also ring true for Dow Jones as the index tries to climb above the resistance line at 35521 points for the second time. We expect it to make it above this mark soon and to thus affirm further upwards movement. The index should then rise farther, even above 36446 points.
However, as long as Dow Jones has not managed to conquer the resistance at 35521 points, we must not disregard our secondary scenario. There is a 40% chance that the index could fall below 33532 points and head for the bottom of the orange zone between 33518 and 32614 points.
Dow Jones (DJI) | Small correction♻️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.
According to the count, the main waves 1, 2 and 3 of this process have ended and now we are inside wave 4.
Wave 2 is the main correction shallow and short, so wave 4 is deep and long in terms of price or time.
Given the structure that has been formed so far, it is more likely to be time-consuming.
Its current structure is similar to a flat, a flat that has no relation and is formed without any rules
And we still assume that this correction has either continued in the form of a triangle or in a complex way, and now we have to wait for the ascent for the d or x wave.
If Fibo 0.23 is broken, price correction should be considered for the trend.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️