Dow-n Memory Lane: Is History About to Repeat Itself?🚨 Breaking News Alert! 🚨
The Dow Jones might be partying like it’s 1929 again! 🎉 Except this time, the crash might make your portfolio flatter than a pancake at a bodybuilder's breakfast. 🥞💪
Let’s talk about the elephant in the chart 🐘—every time the Dow hits the ceiling of this oh-so-perfect wedge pattern, it nose-dives harder than your New Year’s resolutions by February. 📅💔
1906: Boom. Bust. Dow said, "Thanks, but I’m good at -90%."
1929: The OG crash. If you survived this one, congrats—you’re probably immortal now. 🧓💀
2008: The market went "Oops, I did it again" like Britney, wiping out fortunes faster than you can say "subprime mortgage." 🏚️💵
2020: "Hold my beer," said a microscopic virus, and the market tripped like it was wearing untied shoelaces. 🍺😷
Now? The chart suggests we’re flirting with another epic freefall. 🚀⬇️
🧐 How bad could it get?
Well, if history decides to copy-paste itself, we’re looking at a potential 90% drop. Yes, NINETY. PERCENT. That’s like seeing a Tesla go for the price of a second-hand bicycle. 🚲🔋
👉 What can YOU do?
Panic? Sure, if you want, but that doesn’t help. 🫠
Diversify? Probably smart. 📊
Buy gold? Maybe, if you’re a fan of shiny things. 🪙✨
Short the market? 🐻 You rebel, you.
But hey, no pressure. It’s only all your hard-earned savings on the line. 🫣💸
So, are we about to witness the Great Crash 2.0, or will the Dow keep defying gravity like a magician’s top hat? 🎩 Stay tuned, folks, because when this market sneezes, the whole world’s economy catches a cold. 🤧🌍
💬 Drop your hot takes below—because let’s face it, speculating about doom is more fun than living it! 😎🔥
DOW
US30 - Once A Castle, Always A Castle!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈US30 has been bullish , trading within the rising channel in blue.
After rejecting the $45,000, has been in a correction phase and approaching the lower bound of the channel.
Moreover, the zone marked in green is a strong structure.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the structure and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #US30 approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Dow Jones Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 44,900 zone, US30 was trading in an uptrend and successfully managed to break it out and currently is in a correction phase in which it is approaching the retrace area at 44,900 support and resistance area.
Trade safe, Joe.
FORECAST UPDATES: Post CPI Results. Did We Get The Bias Right?Wednesday Dec. 11, 2024.
This is the Mid-Week Progress Report. Checking the accuracy of the Weekly Forecast and the Updates video posted yesterday.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
DOW JONES: Neutral 1D means buy opportunity.Dow Jones is neutral on its 1D technical outlook (RSI = 53.536, MACD = 330.150, ADX = 20.923) as it is on the bearish wave of the 4H Channel Up, towards the 4H MA200, which on November 19th priced the last HL. The 4H RSI got oversold and rebounded today above its MA period, which twice before has been a buy signal. We are going long here, aiming at the 1.382 Fibonacci extension (TP = 45,400).
See how our prior idea has worked out:
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DOW JONES 25-year Cycles show the clear picture you should know.Almost 8 months ago (April 12, see chart below), just when Dow Jones (DJI) was recovering from April's correction, we sent a clear message not to lose sight of the greater picture and to stay bullish:
The reason was the index' clear cyclical pattern since the February 2009 bottom of the U.S. Housing Crisis. The index has grown by +17% since that analysis (from 38459 to 45080) and we can't see a reason not to complete the pattern and hit our 48850 Target, which is our projection for this Cycle's Top.
On this updated chart is on the 1W time-frame, in contrast with April's which was on the 1M, we have added to key elements. The Channel Up that is dictating the pace of the Bull Cycle since the Feb 2009 bottom and the Fibonacci retracement levels, which show that after the Bull Cycle topped, the subsequent Bear Cycle corrected within the 0.236 - 0.382 Fibonacci Zone at least before the bottom was formed.
In fact, all Cycles hit the 1M MA50 (blue trend-line) upon the Bear corrections and those didn't start before the 1W MA50 (red trend-line) was broken (1M candle close below). Our 48850 Target is technically the minimum estimate as that was the % rise of the previous one (Cycle 4), which was the least aggressive compared to others (Cycle 3 = +77.19%, Cycle 2 = +75.09%, Cycle 1 = +99.62%). If Cycle 5 peaks higher, we will draw the Fibonacci retracement levels from that top and re-adjust our expected 0.382 Fibonacci bottom for the Bear Cycle (or if the 1M MA50 gets hit first).
As far as timing of the Cycle 5 Top is concerned, we expect that to be on December 2025 the earliest, again based on the Cycle with the minimum time length (Cycle 3), excluding Cycle 1 which was the most aggressive as it was the first after the U.S. Housing Crisis bottom.
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DOW JONES cyclical trend points bottom is near.DOW JONES / US30 is trading inside a Channel Up pattern for the past 4 months.
Right now it is on a technical pullback towards the 4hour MA200, having already crossed under the 4hour MA50.
The 4hour MA200 was the level that supported the previous pullback that bottomed on November 19th.
Inside this pattern, every pullback corrected to the 0.5 Fibonacci level and was a buy opportunity while the 4hour RSI turned oversold under its 30.00 level.
Time this buy entry and target 45600, which is the 1.236 Fibonacci extension, the level that priced all prior highs inside this Channel Up.
Previous chart:
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DOW LONGDow at bottom of channel and downward trend line also coincides with 61.8 retracement from low and 88.6 from recent low....Im long from here stop just below the box as the lower box is always a possibility
DOW JONES (1h) Death Cross turning into a buy signal soon.Dow Jones is trading inside a Channel Up that is long term supported by the MA50 (1d).
On Monday we will see a Death Cross (1h), which inside the Channel Up has been usually formed halfway through a Channel Down/bearish leg that forms the new Low.
Trading Plan:
1. Buy by next Wendesday the latest.
Targets:
1. 46000 (under a +8.31% rise from the last Low, which is where the October 18th High was priced).
Tips:
1. The RSI (4h) tends to form a bottom when it hits 30.00 (oversold limit). Be ready to buy if it hits that level earlier than next Wednesday.
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Notes:
Past trading plan:
DOW JONES: Short term consolidation to lead to 46,100.Dow Jones is on a very healthy bullish 1D technical outlook (RSI = 64.961, MACD = 523.800, ADX = 24.313) as the bullish trend inside the 5 month Channel Up is still intact. In fact it is not just intact but the index is basically on All Time High levels, supported by the 4H MA50. The Channel Up is highly symmetric and technically we believe we are on the same level as September 30th. The index was inside a shorter term Channel Up, which after a 4H MA100 test, it rallied to the 1.5 Fibonacci extension. The bearish divergence on the 4H RSI was as evident then as it is now. The two fractals are virtually identical, hence we project a similar result. Buy and target the 1.5 Fib (TP = 46,100).
See how our prior idea has worked out:
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DOW JONES High Channel Up symmetry points to 46000.Dow Jones (DJI) easily hit our 45000 Target as suggested on our November 20 idea (see chart below), and immediately turned sideways, consolidating basically for the past 6 days:
This is not the first time that we've come across this consolidation within the 4-month Channel Up as the exact same sequence was last seen during September 20 - October 08. As with today's price action, the consolidation also took place above the 1.0 Fibonacci level and once completed, it gave one final push to the 1.5 Fibonacci extension before correcting back to the 1D MA50 (blue trend-line).
As a result, we now set a new Target for the end of the year at 46000.
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DOW JONES targeting 165000 in the next 8 years.Dow Jones / US30 is following very distinct and easily recognizable patterns over the years and decades and this chart gives you the complete picture since the 1930s and the Great Depression.
We are currently well underway inside the Bull Cycle, which is the market's 3rd major these past 100 years.
With the support of the 1M MA50, this Bull Cycle (via a Channel Up pattern) is expected to continues rising until the point it breaks aggressively over the pattern towards the last years of the Bubble in 2029-2033.
From bottom to top, the previous two Bull Cycles rose by an incredible +2500%.
This means that long term and patient investors can still buy now and enjot another 8 years of immense growth and returns, targeting 165000.
Note that the RSI underneath the chart is on the 12M timeframe but achieves displaying the situatio more accurately than any. Clear Bear Cycle bottoms and breakouts over the MA when the Channel Up Bull Cycle started among all Cycles.
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DOW JONES New High before any correction.Dow Jones / US30 is on a long term bullish pattern on a Rising Support that extends all the way from the August bottom.
The U.S. elections initiated the most recent rally that has now transitioned into a consolidation Channel Up.
Similar such patterns in the past gave one final High as long as the 4hour MA50 supported.
Buy and target 45365 (+2.50% rise)
Previous chart:
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DOW JONES: A few days of consolidation can push it to 46,100Dow Jones is almost overbought on its 1D technical outlook (RSI = 68.114, MACD = 449.010, ADX = 35.064) and is printing a sequence much like post September 20th. That was a consolidation Channel that paved the way to the next bullish wave on the 1.5 Fib extension. This is a 4 month Channel Up supported by the 1D MA50. As long as it does, aim for the 1.5 Fib (TP = 46,100).
See how our prior idea has worked out:
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US30 / Bearish Momentum After New ATH at 45,025Technical Analysis
The price recorded a new ATH at 45,025 yesterday before dropping. It now shows a bearish volume, with potential targets at 44,530 and 44,400.
Bearish Scenario:
As long as the price trades below 45,020 and 44,830, the bearish trend is expected to continue toward 44,530 and 44,410, especially if it stabilizes below 44,790.
Bullish Scenario:
The price must stabilize above 45,050, confirmed by a 4-hour candle close, to target 45,200.
Key Levels:
Pivot Point: 44830
Resistance Levels: 44920, 45025, 45200
Support Levels: 44530, 44410, 44280
DOW JONES is respecting our major August buy call beautifully.Dow Jones (DJI) is about to hit the 45000 Target on our last buy call (November 20, see chart below) and complete a +8.30% Bullish Leg rise within the Channel Up that started on the August 05 Low:
We are very pleased also to see the index making enormous progress after our big August buy (Aug 07 idea, see below) which was exactly on the last major Low of Dow:
As you can see, we successfully formulated that trade based on the extremely symmetric price action of 2016 - 2017. We've explained the notion on the previous idea, but we will refresh your memory if you read this analysis for the first time.
Dow was already trading within a Rising Wedge pattern in 2016, which towards its end broke upwards and first completed a +19.50% rally. The second Leg of the Bull rally was completed on a +30.70% rise from the pull-back Low and then the markets entered the multi-month volatile period of the U.S. - China trade wars. Key Lows of the Bull Rally were made in October 2016, April 2017 and the last in August 2017. It is important to note that after the August 2017 Low, the index had the most aggressive part of the rally, attached to the top band of the Bollinger Bands range, which is what we've called before "riding the BB wave".
Back to more recently and the Rising Wedge that started in 2022, it broke upwards in identical fashion as 2017 (first Leg +23.40%, Lows in October 2023, April 2024 and the most recent August 2024, which as you saw was our last major buy). Even the 1W RSI sequences between the two fractals are similar. What's left now is for Dow to complete a +30.70% rise from the August 2024 Low, in order to conclude the pattern from 2017.
Our long-term Target since August remains thus intact at 49000. Keep in mind that this is the essence of long-term investing/ trading and this is the strategy with the highest winning rate. Note also that if it takes the same time to conclude as the 2017 Leg did from the August 2017 Low (green Rectangle, 168 days), then the peak should be formed end of January/ early February 2025.
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Analysis of Dow Jones Uptrend: Opportunities and Challenges Ahea
In the 4-hour timeframe, the Dow Jones Index is moving within an ascending channel, reflecting the strength of buyers. This channel has formed since mid-October and has successfully maintained its key support and resistance levels so far. The Ichimoku indicator also highlights the strength of the bullish trend, as the price remains above the green Ichimoku cloud, which acts as strong support.
The support zone between 44,131 and 44,295 is identified as one of the most crucial areas on the chart. This region holds significant importance due to its proximity to the Fibonacci levels (0.786 and 0.886) and its alignment with the lower boundary of the ascending channel.
Technical tools such as Ichimoku and Alligator indicate that if the price returns to this zone, there is a strong likelihood of support holding and a potential trend reversal.
Dow Jones Industrial out of GasWhen I started with trading over 3 decades ago, I was told that the DJI is often the forecaster of the bigger market direction.
This week, it looks like the DOW is out of Gas.
Struggling at the U-MLH indicates the need to find balance. Balance is at the Center-Line, so DOW(n) we go.
With end of year staring at us, it's time to reduce exposure, or at least adding to the Portfolio hedge, specially when VIX is low.
Dow Jones Is Approaching Important SupportHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 44,000 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 44,000 support and resistance area.
Trade safe, Joe.
DOW JONES bouncing on the 4H MA200 and 0.5 Fibonacci.Dow Jones (DJI) found Support yesterday exactly on its 4H MA200 (red trend-line), after just a brief break of the 0.5 Fibonacci retracement level. The dominant pattern has been a Channel Up since the August 05 Low and within it, every 0.5 Fib test from the previous Low, has been the most effective buy entry as it started the new Bullish Leg.
The technical symmetry within this pattern is astounding as every Bullish Leg hit its 1.236 Fibonacci extension, completing a +8.30% rise. The ROC Higher Lows indicates that a rebound should be expected right now.
We haven't had a 1.236 Fib extension since the elections Low, so naturally take this 4H MA200 / 0.5 Fib bounce to buy if you haven't and target 45000 (also +8.30% rise).
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DOW JONES: Bottom buy signal. Target 45,600.Dow Jones just turned neutral on its 1D technical outlook (RSI = 52.982, MACD = 339.670, ADX = 28.026) as it hit today the 4H MA200 after exactly 2 weeks. This is getting very close to the bottom of the 14 month Channel Up. Technically the last two HLs were formed when the 1D RSI double bottomed on the 30.00 oversold limit. Overall, this is a good enough buy opportunity to target yet another +6.80% bullish wave (TP = 45,600).
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DOW JONES inside a bearish wave. Expect lower prices.Dow Jones is trading inside a Channel Up since August.
However at the moment it is still on a bearish wave.
Three out of four bearish waves of this Channel Up hit the MA50 (1d) before reversing.
With the price rejected now on the MA50 (1h), this is still a sell opportunity.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 43000.
Tips:
1. The RSI (1h) is also declining. Once it turns sideways, it will be the signal to reverse to buying.
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