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Dowjones

DOW JONES crossed below the 6 month Channel Up.Dow Jones is waving a strong bearish break out signal as it crossed under the bottom of the 6 month Channel Up today and most likely will close that way. This means that the trend is shifting to bearish on the medium term as a new Channel Down could emerge. Trading Plan: 1. Sell on the current market price. Targets: 1. 33840 (MA200 (1d)) and if it breaks after a small bounce target extension 33200 (bottom of Channel Down). Tips: 1. The RSI (1d) is trading in a Channel Down of its own. Last time it did was from December 2022 to March 2023 and as you see that price action is similar to today's. It bottomed some way under the MA200 (1d), which is consistent with our target extension. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Short
by TradingBrokersView
Dow Jones waiting for the inevitable break up or down?The Symmetrical Triangle is notorious for indecision. The price moves to the Apex in a symmetrical fashion and it's up to the traders to decide on whether to go long or short... We can see there are two scenarios. Either it breaks up with the 1st target to the top of the triangle at 35,653. Or it breaks down, breaks through the Uptrend for the first time since March and it drops down to 33,607.. Where to? It is honestly anyones game right now. My intuition says it will break down. The Price action is weak and the candle of selling seems strong... Also with the the interest rates staying put but having warnings that there will be an increase in rate hikes, is making traders feel trepidation for the markets. Which way do you think it'll break?
DJ:DJIShort
by Timonrosso
DOW JONES Buy signal to 35300 short termDow Jones crossed again over the former Falling Resistance after making a bounce near the 1day MA100. This is the third time this level holds in almost one month. This keeps the long term Channel Up pattern intact. The 1day RSI is on the exact level of the June 2nd break out, showing a high level of symmetry of waves inside the Channel Up structure. Buy and target the 0.786 Fibonacci level (35300). Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30Long
by TheCryptagon
11
DOW JONES; Main ASCENDING-WEDGE, Crucial Completion Incoming!Hello, Welcome to this analysis about the DJI - Dow Jones Industrial Average Index. An important index in the stock market and as we have seen an absolute recovery since the heavy corona breakdowns that hit global financial markets at the beginning of the corona pandemic last year there developed unhealthy movements within the market as the stock market moved to the upside with a vast majority of indices while the real economy still not recovered that fastly and in this steep manner as it was the case in the stock market, in fact in many places the real economy is still heavily damaged and besides that there is a accelerating inflation going on that can be a source of a potential bear market to set up, especially when looking at this whole determination the possibilities for a pullback scenario are quite high in this measurement. Therefore, when looking at my chart we can watch there how the DOW is building this main ascending-wedge-formation which is certainly a bearish reversal formation and as the DOW already completed the whole wave-count within this formation and after that completion pulled off the upper-boundary there is not much remaining for a completion of this formation which will happen when the DOW bounces below the lower-boundary and from there it will be the origin for a continuation to the downside with the DOW pointing the 32500 USD level marked in my chart in blue, when this level has been reached the situation needs to be elevated again and the DOW needs to show if it manages to reverse from there on or just sets up for a bearish continuation to the downside. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
14
Dow Jones Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
SKILLING:US30Short
by ShahedZare
DOW JONES, Massive Bull-Flag-Formation Completed, Targets Ahead!Hello, Welcome to this analysis about the DOW JONES Index, we are looking at the 4-hour timeframe perspectives, the recent events, the established formational structure, and what we should consider in the upcoming times. In my analysis I discovered that the Index has completed a substantial formation on which it can build up on and approach main target-zones. This formation is a descending-bull-flag-formation and is marked in my chart with the black boundaries, what is important here is that the Index already fully completed the ABC-wave-count in the structure and holds above the 35-EMA marked in red. Recently the Index formed a dedicated breakout above the upper-boundary of the formation as it is marked in my chart and is forming this consolidational development in this structure marked in my chart in blue. All these events indicating the further continuations to the upside and as the Index already completed the bull-flag with the confirmational breakout this activated the upside-targets at the 35625 level. When the targets are reached it has to be elevated if the Index continues further bullishly right away or a pullback firstly establishes. In this manner, thank you for watching my analysis about DOW JONES Index and its bull-flag-formation completion with the activated target-zones and upcoming perspectives, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
22
Dow Jones (DJI) -> Back To The TrendlineMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Dow Jones. At the moment the Dow Jones is retesting its previous all time high which is roughly at the $35.500 level and the index is already starting another bearish rejection. If we see a retracement back to the lower bullish trendline of the rising channel which is sitting at the $30.000 level, this will be a textbook bullish continuation setup on the Dow Jones. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
TVC:DJIShort
by basictradingtv
21
DOW JONES: Rejected on the 2week Resistance. Any change to recovDow Jones is having a sharp opening pullback on the 1H timeframe but remains on a bullish 4H technical outlook (RSI = 58.586, MACD = 126.970, ADX = 41.565), as the HL trendline of the Bullish Megaphone is holding. The reason for the pullback is the rejection on the R1 Zone (35,100 - 35,030). A 4H MACD Bearish Cross will most likely take the price to the HL trendline and the 4H MA50 (TP = 34730) in order to test the buying accumulation at the bottom of the Megaphone. A buy signal consists over the R1 Zone, whose target will be the Megaphone's HH trendline (TP = 35,400). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
2
US stocks are back leadingWorld markets bottomed on Spetember 2022 and during the recovery, European stocks AMEX:FEZ outperformed US stocks TVC:DJI for 9 months Nos, for the last 3 months, US stocks are back in the leadership as the DJI/FEZ ratio broke its downtrend back in April; just weeks before the AMEX:FEZ broke its trendline That is why relative strength is so important, sometimes gives leading signals And for the last 3 months, energy AMEX:XLE has been the leading sector, with coal being the ledading industry, the thing is that stocks like NYSE:CEIX , NYSE:AMR and NYSE:NRP are already extended Let's wait for a base formation in these leading stocks
AMEX:FEZ
by dpuleo19
DOW Elliott Wave Analysis for Friday 15/09/2023 (+ Higher TF)For traders (lower timeframe): The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)). For investors (higher timeframe): In the higher timeframe, investors should wait for the completion of the abc pullback. The wave 2 area is a nice buying opportunity for investors.
OANDA:US30USD
by AndyCuckoo
DOW JONES Strong bullish leg within a Bullish Megaphone.Dow Jones (DJI) gave us a strong bottom buy signal 8 days ago (see chart below): On today's idea we look at the 1H time-frame, which offers a buy opportunity for quick 1-2 day profit as the index is on a strong bullish leg within a newly formed Bullish Megaphone. Based on the 1H RSI which turned overbought and the 1H MACD which just formed a Bearish Cross, this sequence resembles the August 28 - 31 fractal and we could be on a similar position as on August 30. That was the final consolidation before the bullish leg made its peak on Resistance 1 (35100). Due to the Bullish Megaphone, this time it can go a little higher, so today's buy position targets 35150. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
3
D-JONES, Gap Will Fill Soon, Possible Reversal Ahead!Hello Traders Investors And Community, welcome to this analysis where we are looking at the DOW JONES 4-hour timeframe perspectives, the upcoming decisive events in the structure, what we can expect after these events occurring and how possible outcomes can show up in the schedule. The DOW like other major indices recovered somewhat from the corona-breakdowns and lows seen this year where the SPX already made a new all-time-high the DOW is below it and although the indices recovered we should not ignore the fact that the rallies aren't necessarily fundamentally backed as many retailers rushed into the market smart-money staying outside and waiting on the sidelines, not to mention the divergence between real economy and stocks it is important that smart-money enters also where the question pops up if the breakdowns are already over or there is more to come, these facts also coming up in the technical picture of the DOW which is sending some interesting signals at the moment I detected how they possibly can play out over the next times. Looking at my chart you can watch there that the index is just about to fill its gap which it still has lain there at around the 29.000 level, this gap-fill will highly possible play out the next times and this is also confirming on the smaller timeframes as the index is forming a triangle formation, this highly possible gap-fill can be traded in the long-side with overall targets at the 29.000 level from where the next moves are significantly important. Normally what happens often after such gap-fills reaching the gap and filling it is that supply entered the market as orders get filled and traders take profit, this is what also can show up here making the gap-fill-range around 29.000 a possible short-entry-zone as it is marked in my chart, what is supporting this preliminary pull-back is the fact that the index also ending with a wave-count in this level. This pull-back-scenario will be confirmed when the rising grey trendline is broken with a decisive volatile move to the downside the targets at the blue range can be expected where a support-cluster is lying in which the price can stabilize and back-up. In this manner, thank you for watching, support for more market insight, all the best! Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
3