dowjones 4 hour say = above low,looking for buy when you see pinbar on 15-60-2240-1440min chart ,pick buy and put SL in pinbar low,uunderstand?
hold your buys minimum to fibo 50% (dont close soon)
if you have old buy ,dont fear ,dow will back to high ,but put hedge sellstop in low ok? (if it open,never close it in low ,even in 10.000$ profit(ca go downer and margincall you ),wait dow goes down and back ,up trend apear,then close sell,then on high close buys)
alert= dow will go to 35800 ,be carefull from sell 100% put sl
good luck
DOW
DOW JONES This is the bottom. Fractals from 2022 confirm.Not surprisingly to us, Dow Jones has stayed inside the High Volatility region that we have identified back in late November:
The 1D MA200 (orange trend-line) has supported twice already since November 10 and is now going for its 3rd hold. If we pay a closer attention to the 1D RSI we see that it has printed the very same pattern it made on all Lows during the 2022 Bear Cycle. That is basically 3 occasions. The RSI is very close to the 30.00 oversold barrier and as the 1D MA100 supports, it makes it the most optimal long-term buy level on a 2-month horizon.
Even though it has been mostly trading sideways within the High Volatility Zone, on RSI terms, it is comparable to all 2022 Lows that bottomed out on an oversold 30.00 1D RSI and started an aggressive rally in the form of a Rising Wedge.
Our Targets are: short-term = 33400 (Pivot Zone), medium-term = 34400 (February 14 Resistance), long-term 35500 (April 21 Resistance).
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DOW - Any relief rally is guilty until proven otherwise !Seems to me like this could unfold as a complexe correction if bulls are to remain in power longer term.
We could see soon a move up but if it stays sideways it's most likely going to be a wave (b) of higher degree Y imho.
Look for individual names showing relative strength right now, those are most likely to be the next big leaders.
DOW JONES bottomed out on a 4 month Support!Dow Jones almost hit Support (2) at 32470 a level that worked out twice since November 9th 2022, starting strong rallies to 34390 (Resistance 1).
The same Declining Support on price - Rising Support on the RSI (4h) Bullish Divergence was formed on the December 20th bottom.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 33050 (MA50 (4h))
2. 33500 (MA200 (4h) and bottom of the Pivot Zone.
3. 34300 (under Resistance 1).
Tips:
1. The MA50 (1d) moves parallel with Support (2) and essentially has provided the same level of support pressure as that level. Trend changes long term if it breaks.
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DOW JONES hasn't been such strong buy since Dec 20thDow Jones' long term pattern is a Channel Down. On this chart you can see that all 1D candles have closed inside the Channel regardless of the length of their wicks.
The 1D RSI is inside a Channel Down of its own. The price is approaching a Triple Support Zone: the 32500 horizontal Support, the 1day MA200 and the bottom of the Channel Down.
Last time all three were fulfilled was more than two months ago, on the December 20th low. This is a strong buy and our target is the top of the Channel Down at 33950.
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DOW JONES: Bottom similar to December. Buy opportunity.Dow Jones is technically heavily bearish on both the 4H and 1D time-frames (RSI = 34.017, MACD = -241.550, ADX = 52.078) but the 4H RSI has been rising for the past week, despite the corrective wave on the index. This price action is similar to the late December that ended with a bottom formation. Even the patterns that preceded this are similar.
We are turning long again on Dow, targeting both the 4H MA50 (TP = 33,200) and 4H MA200 (TP = 33,600).
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#US DOWUS DOW Trading in a range with strong supportive trendline @ 32850 level, watch levels in chart.
YM1! US30USD DOW 2023 FEB 27
YM1! US30USD DOW 2023 FEB 27
No trades for Dow last week.
Possible scenarios:
1) Rotational play: Trades can be executed at boundary of rotation
range 34605 / 32789
2) Supply takes control = short on test and reject of 32789
Volume Analysis:
Weekly: Lower vol down bar close toward low = minor supply
Daily: Ave vol down bar close toward low = minor supply
H4: UHV vol up bar + level close up bar close toward low = supply > demand
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35228 34605
32789 30513 28635
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Have a profitable week ahead.
DOW JONES Aggressive bullish reversal expectedDow Jones (DJI) broke below its Pivot Zone and Higher Lows trend-line and as per our strategy published 2 weeks ago, we took that break-out sell opportunity:
With the 4H RSI though printing Higher Lows against the price's Lower Lows (i.e. a Bullish Divergence) and the price approaching the 32480 Support level and the 1D MA200 (red trend-line), which both provided Support and started aggressive rebounds on November 09 2022 and December 20 2022, Dow is turning into a medium-term (at least) buy opportunity again.
In fact the very same RSI Bullish Divergence formed the December 20 Low. It is important to add that this Low was formed after a 4H Death Cross, a pattern that we already formed again 2 days ago.
We are buyers again on Dow, targeting the 4H MA50 (blue trend-line). Then we will either wait for a pull-back or buy when the price breaks above the Pivot Zone and re-tests it as Support, in similar fashion as on January 06 2023 and January 23 2023. Long-term target 34300.
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Key Levels and Market overview for the Asian session open 24/02A review of the price action from the European session and recap of US price action as US indexes followed on from some strength this time in the Asian and European trade. The US gapped up on the open, sold off hard only to bounce back into the close to wipe off the majority of the earlier losses. I look at some key levels to watch and the price action setups I expect to see play out.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
DOW ANALYSIS ON CAD/CHFDow Theory is one of the oldest and most widely used methods for technical analysis in the financial markets. It was developed by Charles Dow, the founder of the Wall Street Journal, and is based on his observations of market trends in the late 19th and early 20th centuries. The theory is based on the premise that the stock market moves in trends and that these trends can be analyzed and predicted by studying market price movements and trading volume.
According to Dow Theory, there are three types of market trends:
Primary Trend: This is the major trend in the market, lasting for several months to several years. It can be either bullish (rising) or bearish (falling) and is determined by a series of higher highs and higher lows (in an uptrend) or lower highs and lower lows (in a downtrend).
Secondary Trend: This is a minor trend within the primary trend, lasting for several weeks to several months. It is a counter-trend move that retraces a portion of the primary trend. In an uptrend, a secondary trend would be a temporary pullback or correction, while in a downtrend, it would be a temporary rally.
Minor Trend: This is the smallest trend within the primary and secondary trends, lasting for a few days to a few weeks. It represents the daily fluctuations in the market and is often influenced by news and other short-term events.
Dow Theory also states that the market is made up of three types of movements:
Primary Movements: These are the long-term movements that define the primary trend.
Secondary Movements: These are the medium-term movements that retrace a portion of the primary trend.
Minor Movements: These are the short-term movements that represent the daily fluctuations in the market.
Dow Theory is used by technical analysts to identify trends and potential trend reversals in the market. It is often used in conjunction with other technical indicators, such as moving averages, oscillators, and chart patterns, to confirm signals and make trading decisions.
DOW JONES Trading plan based on the MA50 4H.Dow Jones is holding the Channel Up since December and on Friday it came the closest to the bottom in 1 month.
There is a potential Channel Down emerging and the key to which pattern prevails will be the MA50 4H.
Trading Plan:
1. Sell below the MA50 4H.
2. Sell if the price breaks under the Channel Up.
3. Buy above the MA50 4H.
4. Buy at the bottom of the Channel Up.
Targets:
1. 33470 (bottom of Channel Up).
2. 33000 (above Support 1).
3. 34500 (below Fibonacci 0.786).
4. 34850 (below Resistance 1).
Tips:
1. The RSI is supported in a similar way like December-January. That kick started a strong rise. Break below and the pattern might be negated.
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DOW JONES Rectangle for short term. Channel Up for long term.Dow is in ranging mode on the short term inside a Rectangle. The 4hour MA50 is almost at the middle, so crossing above it is a long signal: Target 34250. Below it is a short signal: Target 33550.
On the long term the structure remains a Channel Up, in fact the price came very close last week to its bottom. If the price breaks the bottom it is a sell: Target 32965. If the Channel holds, it is a buy: Target 34750.
Observe how the 4hour RSI shows well enough the best entries for the Channel Up and for the Restangle alike.
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DOW ANALYSIS ON MONARO/USDThe Dow Theory is a well-known financial theory developed by Charles Dow, the founder of Dow Jones & Company, in the late 19th century. The theory suggests that the market is in an upward trend if one of its averages, such as the Dow Jones Industrial Average (DJIA) or the Dow Jones Transportation Average (DJTA), advances above a previous important high and is accompanied or followed by a similar advance in another average. This phenomenon is known as "confirmation" and is seen as a bullish signal by investors. According to the Dow Theory, if the DJIA and DJTA are both moving in the same direction, it suggests a strong economy, as companies are producing goods and shipping them to consumers. Conversely, if one average is moving in one direction and the other in the opposite direction, it can signal a weakening economy. Overall, the Dow Theory is still widely followed by investors today as a way to analyze market trends and make informed investment decisions.
YM1! US30USD DOW 2023 FEB 20
YM1! US30USD DOW 2023 FEB 20
Finally we see some movement from Dow.
34605-34432 rotational play based on 06 Feb's analysis garnered.
Possible scenarios:
1) Rotational play: Trades can be executed at boundary of rotation
range 34605 / 32789.
Note: 34605-34432: If market trades toward the upper boundary =
possibility of breakout
2) Rotational breakout/breakdown:
- If price breakout, long when price retraces and finds support
Volume Analysis:
Weekly: Ave vol down bar close below middle = minor supply
Daily: Ave vol up bar, demand overcoming supply = demand
H4: Ave vol up bar close toward high = minor demand
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35228 34432-34605
33624 33037- 32789
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Have a profitable week ahead.
DOW JONES Take advantage of this excellent channel!Dow Jones is trading inside a Channel Up for the past three weeks. With the use of the Fibonacci Channel we clearly see the heavy varience levels within 0.236 - 0.786. We will buy low and sell high for as long as the pattern remains valid.
Trading Plan:
1. Buy on the current 4H candle.
2. Sell at 34300.
3. Buy at 33900.
4. Sell at 34400.
Targets:
1. 34300.
2. 33900.
3. 34000.
4. 33950.
Tips:
1. The 4hour RSI is inside a range that matches perfectly the highs and lows of the Channel. Use it for additional confirmation of entries/ exits.
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DOW JONES: Simple buy low, sell high inside the Channel Up.Dow is bullish on both the 4H (RSI = 52.865, MACD = 54.270, ADX = 29.792) and the 1D (RSI = 53.777, MACD = 101.160, ADX = 20.876) time frames but not on a wide margin. This is because it has been on a rather controlled rise inside a Channel Up since December 20th (only broken once).
For the past 3 weeks every 4H MA200 pull back has been the most optimal buy entry, so use the next one near 33,750, as close to the RSI's range bottom as possible, and TP = 34,600.
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Dow Disbelief RallyIt has been over two years since the COVID crash and despite people sharing 2008 fractal patterns, traders' expectations of a stock market crash have yet to be realized. In fact, recent chart patterns for the Dow Jones and NAS100 suggest that bottoming patterns are emerging. For further technical analysis of the NAS100, please refer to:
Notably, the Dow Jones has recently given a buy signal on stochastic momentum, though it is advisable to wait for monthly closure to confirm.
Historical analysis indicates that whenever both signal lines close above the 40 level, some sort of bull market emerges. This signal has fired off 13 times since 1995, producing an average 24% move to the upside, with an average time frame of 276 days from signal to local top. Assuming a 24% move from current levels, the DOW is expected to reach 1.618 42268.
Based on the chart evidence, it appears that the probability of a rally to the upside is higher than that of a 2008-style stock market crash, at least not within the next six months, barring any unforeseeable black swan event.
DOW30- Will CPI data trigger a break and a push above 35k?After the double bottom under 29k and a break above descending trend line resistance, Dji has started to consolidate (as if it was waiting for Nas100 and SP500 to catch up, and now are all aligned:) ).
Technically, the picture is bullish and crystal clear, with a price waiting for a trigger to break above the triangle's resistance.
CPI could provide this trigger and, in such an instance, bulls could push Dow above 35k.
P.S: I don't think we are out of the woods and this optimism will last, but I've learned to now argue with the market
DOW JONES Still ranged. Keep scalping for maximum profits.Dow Jones (DJI) followed the exact trading plan that we published last Wednesday as it rebounded on the 4H MA200 (orange trend-line) and today reached the Resistance Zone of 34300 - 34370(August 16 and January 15 Highs respectively). This keeps it neutral as we expected within the rough 33640 - 34180 Scalping Range:
The 4H MA50 (blue trend-line) has assumed the role of the Pivot and the 4H MA200 (orange trend-line) that of the Support (all candles closed above it). Our short-term trading plan remains scalping this range for as long as the price remains/ re-enters inside it. On the more medium-term, above the green Pivot Zone we are buyers targeting 34300, while below the Higher Lows trend-line we are sellers targeting 32700 (above the 32480 Support). Similarly, we will take the buy break-out if the price breaks the 34370 January 15 High and target the 34910 December 13 High.
Keep in mind that this Higher Lows trend-line is what helped us take this accurate buy entry 4 weeks ago as you can see on the chart below:
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