Djiaprediction
Dow Jones globally will fall due to the north node cycleTVC:DJI globally will fall, because the Gann square of 20, built for the New York Stock Exchange indicates the date 2023 (reversal), and since on the monthly chart is now flat, and the market is at high prices, then a fall is more than likely. In 2024, a global strongest crisis is expected in another astrological cycle. There was already a similar crisis in 2008, and then the same cycle worked.
The fall may begin both now and by the second half of 2024, as they can still pump money, or at least say everywhere that there is no stronger economy in the world than the American one, and this will delay the fall for some time.
It will be possible to speak about the end of the crisis no earlier than the beginning of 2028.
US 30 showing mixed signals - Waiting for break either wayWHICH WAY TO BREAK?
It's up to the market and for us to act accordingly.
There is an ascending Triangle that's clearly forming on the Daily.
And normally, with the higher lows and same highs, the bias is normally up.
If it breaks up the target will most likely hit 40,000.
My issue is the state of the world right now, which is probably wrong to think about as charts are charts.
But many main indices have been rattled with what's been happening (which I mention in many analyses before hand).
Also 21>7 and the price action is just not strong enough to break as of yet.
There are also conflicting signals with Nasdaq and SP500 which lead world indices.
I think my mind has been clouded with unnecessary information which needs to be corrected and humbled by the market.
But if the price breaks below the Ascending Triangle, the target will be 26,652
What do you think up or down?
Dow Jones: Friday Feels 🍾After moving sideways, the Dow Jones should finally commit to dropping to the orange target zone. Within 32 401 and 31 689 points, the Index should hit the corrective low of the orange wave iv, which would turn the trend back North. On that note, we expect the course to rise above the resistance line at 34 707 in order to complete the blue wave (i). In our alternative scenario with a probability of 45%, the Dow Jones could exceed the resistance mark at 34 707 points right away, without dropping into a correction beforehand.
Dow Jones needs a breakout before an entry kicks inConfused Triangle has formed on the Daily.
We are in the apex, so awaiting a breakout.
First 7>21>200 - Bullish
RSI >50 coming down (mixed)
Target up 36,288
Target down 31,559
This clearly shows the confusion with the index as well as the fundamentals with the uncertainty with interest and inflation rates.
The Fed is having a meeting tomorrow to discuss the macro aspects, which it looks like investors remain trepidatious.
I will be waiting for the breakout before making any rash decision.
Dow Jones target still on track and new Target to 39,000Old Cup and Handle on Dow Jones is still in play and the target remains at 36,694
A new C&H is almost confirmed with the break to the upside.
The new target is 39,000
7>21 and price >200ma
Broken out of medium term downtrend
Bullish
The Dow Jones seems to be following the January effect (with expected upside)
Also, with Inflation coming at 6.5% as expected, shows the Great Inflation stage is over for now.
This is good for the economy as people will spend more and invest more.
Hopefully the rally will continue.
Dow Jones: Down UnderAfter moving sideways for a while, we're expecting Dow Jones to drop into the orange target zone between 32 762 and 31 980 points to complete wave iv in orange in order to push the trend back up to the orange target zone between 34 305 and 35 466 points. After managing to pull itself up there to compete wave (i) in blue, we expect the course to drop back South.
In our alternative scenario, Dow Jones can't turn the trend up this early and continues to drop below the support line at 31 738 points. After crossing this mark, the course should sink further into the blue zone between 31 331 and 29 789 points until wave alt. (iii) in blue hits its low before turning back up to move North. blue hits its low before turning back up to move North.
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.
Dow Jones ( DJI ) Next MoveDOW JONES INDUSTRAIL AVERAGE ( DJI )
Time Frame - H1
We have ELLIOT IMPULSIVE WAVE ( Bearish ) in Long Time Frame #LTF
Completed " 123 " Wave and Forming " 4th " Impulsive wave will Reject from Fibonacci Level ( 50% - 61.80% )
BULLISH CHANNEL Pattern in Short Time Frame #STF need Rejection from the Upper Trend Line #UTL
ELLIOT TRIPLE WAVE COMBO in Short Time Frame #STF and completed the " Y " Wave
Sell After Rejection from the Demand Zone ( 31908 - 32176 )