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Dowjones

US30 SELLUS30 had tapped into supply zone and showed rejection and inducement at this supply. This was further confirmed by a close of 30min candle below the Doji and break below structure. Upon seeing this I waited for retracment to zone with additional confirmation once I started to see rejection at the entry zone @38675.00 I entered with sl@38715 (Risking 40points) TP1: 38590.00. TP2: 38550.000 TP3: 38500.000 Approach where Possible & respond to Price is to take Partials profits from TP2 onwards. * Where has the market moved since I entered my trade? Slight Profits * If I looked at the market now, would I take the same trade?Yes * How do I feel about my trade? Feel neutral and slightly optimistic * What do I like about this trade ? patiently waited for more confluence and good Entry * What do I dis-like about this trade now? Choppy & slow * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ?No
CAPITALCOM:US30Short
by mrachaw
4
DOW JONES: Overbought and at the top of the Channel Up. Bearish Dow Jones is on a bullish 1D technical outlook (RSI = 59.534, MACD = 196.180, ADX = 37.569) that up to last week was overbought but now the momentum shows weakness on losing steam as the price is at the top of the Channel Up pattern. The 1D CCI is showing the same decline from overbought levels that it showed before the three major declines in 2023. This keeps us bearish on Dow, targeting the 0.382 Fibonacci level (TP = 36,500) which was the first target of the two prior HH of the Channel Up. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
1
US30 Intra-Week Analysis Feb 8th, 2024In the past 2 weeks, us30 has strictly been rallying, printing new All-Time-Highs weekly. Last week we finally saw an almost 500 point correction after FED Powells FOMC speech where he indicated that they don't plan to cut rates any time soon, ending the rate cuts narrative driving the market. Despite that, this correction was short lived as we continued to print more ATHs due to excellent jobs data later in the week and stock market greed driving investors to squeeze more profits. This week we can expect some consolidation and signs of exhaustion at these ATHs with another potential correction before more bullish momentum. Otherwise, if price breaks above 38600 we can adapt to buys sooner.
CAPITALCOM:US30
by Itskaleel
Dowjones under the weight of a strong DollarHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38600 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 38600 support and resistance zone. Fundamentally we would like to consider the current strong macro context of the dollar as the top performer of the week. noticing also that Dowjones is often in a negative correlation with the dollar so a strong dollar should be heavy on US30. Trade safe, Joe.
BLACKBULL:US30Short
by JoeChampion
Strong Bullish Momentum in US30 "📈 US30 Bulls Bucking Strong: Analyzing the Dow Jones, it's evident that we're currently witnessing consistent higher highs and higher lows, indicative of an uptrend market. Observing the week-to-week movements, prices show a rise of approximately 2% from low to high and a decline of around 1% from high to low. Given this, my market approach involves patiently waiting for a potential 1% price pullback. Subsequently, I would seek opportunities to go long, placing my stops below the previous low to target a gain of around 2%. Your support for my channel through likes, comments, shares, reposts, and cheers is sincerely valued. Thank you. 🙌🚀"
DJ:DJI
by Districtfx
5
The chart no one wants to see or believe!There is more than one way to skin a snake. Not only price can hurt you... Time can hurt you too! How about some up and down action for 3 to 5 years that goes no where? Like shacking the Jar and angering the ants so that they loose faith and confidence, so when the rally really actually starts they won't believe it! Maybe it got to easy to buy and hold for 2 to 3 years and sell? If you are a hodler for long term, then this should not affect you and you should just keep buying. It actually should be viewed as a gift as prices will come back to low prices for stacking. In this chart I'm hitting two birds with one stone as I Have added Silver, Gold, S&P500, Nasdaq and the Dow Jones. Why? so we can see how Bitcoin has interacted with these 5 other markets. By taking a glance at them, It is very clear to see that all of these markets have had affect on Bitcoin in one way or another. This is not to be taken as written in stone and non of the prices or moves are literal and just examples. The point is a long term zig zag pattern and staying range bound to shake out the greed and impatient or weak hands. How about life happening and being forced to sell although you have no intent too? The more that time passes in bad times the likely you'll be forced to sell to stay a float. Nothing has changed in bitcoin network, in fact it keeps getting stronger and healthier but a pause in price could be healthy in the bigger picture. So what happens from here? We just stack for 5 years and watch it bounce in between the Nasdaq and Dow? Well, yes and no. There could be other altcoins that run fairly hard during this time period. For example, Ethereum and Ethereum based tokens. Gold and Silver could go on a run. Also narratives could change on a dime. Truth is... no one knows, you just have to keep and ear to the street and pay attention. Don't get caught 1 step behind. Without a doubt, it's a great time to stack!! No one can argue that. Thanks for viewing WeAreSat0shi Have a blessed new year!
BNC:BLX
by WeAreSat0shi
4
DOW JONES (US30) - Potential long ✅Hello traders! ‼️ This is my perspective on DOW JONES. Technical analysis: Here we are in a strong bullish market structure, so I look only for longs. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block. Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
CAPITALCOM:US30Long
by Snick3rSD
DOW JONES at the top of the 18month Channel Up. Medium-term SellDow Jones has been trading within a 18-month Channel Up pattern since the October 13 2022 global market bottom. The current price action is approaching its top (Higher Highs trend-line) for the first time in more than 1 year (since December 13 2022). With the 1D RSI on Lower Highs, which is a Bearish Divergence against the Higher Highs of the price action, the current levels are a strong candidate for a medium-term pull-back. Even though we are past the transition year of 2023, which got the index out of the 2022 Bear Cycle and into the new Bull Cycle, thus we do not necessarily need a strong correction like those of August - October 2023 and December 2022 - March 2023, a smaller technical pull-back would be natural to normalize the overbought technical indicators and extend the long-term bullish trend. As a result, we are targeting at least 37120, which is Support 1 and just above the 0.618 Fibonacci Channel level, the first target of the December 19 2022 pull-back and a typical % correction similar to August 24 and May 25 2023. Not that the 1D RSI was under a Lower Highs trend-line both during the August 2023 and December 2022 corrections. Interestingly enough, both corrected by -9.20%, so technically we can see a correction as low as the 1D MA200 (orange trend-line) and the 0.236 Fibonacci Channel level at 35000 (even though it is less likely unless very negative fundamentals hit the market). Also it is worth pointing out that there is a technical maximum extension above the Channel Up, which is the red Triangle, in case the current Bullish Leg of the pattern goes for a +21% rise, like the December 01 2022 did. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot
4
DIA in downward trendSPDR® Dow Jones Industrial Avrg ETF Tr (DIA, $381.37) RSI Indicator left the overbought zone on January 31, 2024 This is a signal that DIA's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 43 similar cases where DIA's RSI Indicator left the overbought zone, and in 35 of them led to a successful outcome. Odds of Success: 81%. DIA in downward trend: price may decline as a result of having broken its higher Bollinger Band on January 22, 2024 DIA broke above its upper Bollinger Band on January 22, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 39 similar instances where the stock broke above the upper band. In 35 of the 39 cases the stock fell afterwards. This puts the odds of success at 90%. Price Prediction Chart Technical Analysis (Indicators) Bearish Trend Analysis The 10-day RSI Indicator for DIA moved out of overbought territory on January 31, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In 36 of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at 84%. The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected. Following a 3-day decline, the stock is projected to fall further. Considering past instances where DIA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 79%. Bullish Trend Analysis The Momentum Indicator moved above the 0 level on January 18, 2024. You may want to consider a long position or call options on DIA as a result. In 67 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 84%. The Moving Average Convergence Divergence (MACD) for DIA just turned positive on January 30, 2024. Looking at past instances where DIA's MACD turned positive, the stock continued to rise in 41 of 46 cases over the following month. The odds of a continued upward trend are 89%. Following a +0.89% 3-day Advance, the price is estimated to grow further. Considering data from situations where DIA advanced for three days, in 315 of 371 cases, the price rose further within the following month. The odds of a continued upward trend are 85%. The Aroon Indicator entered an Uptrend today. In 266 of 336 cases where DIA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 79%.
AMEX:DIAShort
by Serhii_Bond
The scenario of continuing the bullish market? Corrective patterDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. The first analysis is Litecoin In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
FX:US30Long
by mehdi47abbasi79
Hellena | DJI (4H): Long to 100% Fibo 38516.Dear colleagues, the waves continue their development. After the correction a b c, wave 1 in the upward movement is completed. At the moment I suppose that the price will either update the maximum of wave 1, or make a correction to the area of 50% Fibonacci level in the area of 37500 (wave 2), then I expect the price in the area of 100% Fibonacci extension level 38516. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TVC:DJILong
by Hellena_Trade
2
BTC - This is Why I Am Now Shorting Bitcoin...In this video, I delve into the considerations that led me to take a short position on Bitcoin at these specific levels. I want to clarify that I'm not advocating for others to follow suit in shorting Bitcoin; rather, I'm elucidating the rationale behind my decision. The video also touches upon the influence of the Dow Jones and Solana on this decision, and I present a slightly less optimistic perspective on BNB. While the medium-term outlook still anticipates all-time highs, the short-term signals suggest a potential impediment to the crypto market's performance due to a looming recession. Despite this, I posit that ongoing stimulus measures during such economic events act as catalysts for the subsequent upward movement. It seems imprudent to adopt a bullish stance before a correction has run its course, underscoring the fundamental principle behind the formation of AriasWave.
Short
by AriasWave
2
Dow JonesMain analysis on #DowJones US30 is this. We hit a ST top soon around 38,500-39,000. Then we retest the 2021 high breakout before running straight parabolic all gas no breaks bears slaughtered all the way up to 44,150. Then major 4th can hit. So Just be warned now. Once 36,400 flips into support there will be 0 rest for bears. It will be explosive and relentless. Like Toyota Supra filled with Nitrogen and twin turbo engine running at peak performance level. And BigMike & BigMikes team will be Bulls, laughing all the way to the f**king bank. FYI 😉
DJ:DJILong
by Big_Mike716
Cup with Handle on IBM Attempting to Break $140 Resistance LevelWe have a nice looking Cup with Handle on IBM and it's currently Challenging the $140 Psychological Resistance Level, if it can get above that i think we will see IBM's stock price push towards the $175-$180 measured move. On a side not i also believe the Dow will be the strongest performing Maor US Index and reach all time highs before any other index and that IBM will be one of the more major stock leading the way along with Microsoft and Intel.
NYSE:IBMLong
by RizeSenpai
1