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Dowjones

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 1st 1W Bullish Cross since 2016. Can we see 42k next?Dow Jones (DJI) is forming this week the first MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross (when the former crosses above the latter) on the 1W time-frame since September 2016 (assuming January/ February 2021 was flat due to the COVIC flash crash). This on its own is a major long-term buy signal, especially since the 1W MA50 has been supporting since March. As you can see the 2022 - 2023 price action is very similar to the 2015 - 2016 sequence. Both fractals started on a Bear Cycle under Lower Highs, which bottomed after marginally breaking below the 1W MA200 (orange trend-line). The new Bull Cycle was confirmed after the price broke above the Lower Highs trend-line and turned it into a Support being formerly a Resistance. The 1W MA50/100 Bearish Cross signified the bottom. Notice how even the 1W RSI and 1W MACD fractals are identical with their respective Higher Lows. It appears that Dow is currently past the initial Channel Down and on the Circle pattern, which in 2016 was the final consolidation before a hyper aggressive rally that topped in January 2018. Before that top it reached the 1.5 and 1.786 Fibonacci extensions. We treat the current pull-back as the last opportunity to buy this upcoming rally while the price is still that low. Having relatively low expectations, we expect to see at least 42000 (1.5 Fibonacci) by the end of Q1 - start of Q2 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
8
DOW JONES, Short-Term-Gap Filled, This Levels Are Important Now!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at 4-hour timeframe of the major stock-market-index DOW JONES, what it is building up the last times, and what we can expect the next times. In a previous analysis, I gave a free signal for the index with the small-term-gap to be filled which now reached its targets fully and properly within the schedule, now this fact does not mean the index is completely bullish and will continue in this manner but it has some meaningful possibilities to do this when it manages to confirm given scenarios, there are some important levels and signals which I found which can affect the outcome substantially. As you can watch in my chart the index is trading in this important descending channel formation building a coherent upper boundary from its all-time-high to the previous highs established which it is currently testing to the upside, as the gap was filled and some supply entered the market the index is now consolidating between 26500 and 27000 which is overall a good sign that the index still holds this level. Furthermore, it has some decent support between the 26350 and 26500 levels which is marked in orange and building the lower range support below this level the index has also lower range support between 24700 and 24900 where it can bounce given within a solid likelihood. Now given these results we can come to the conclusion that the index has two possible scenarios to play out before it confirms the upper gap to be filled. The first scenario will play out when the index holds the current level and manages to move above the falling resistance to confirm above it therefore it is from high importance that the index does this with a decisive high volatile move, the other scenario is that the index firstly falls below the support in the range and confirms the overall lower support before it climbs up and sets up to fill the gap. As there is still some solid support in the range of the first scenario, scenario A is more possible within a given possibility of 65 % and scenario B with 35 %. This technical situation of the index does not alter the whole dynamic of the stock market which is currently trading in a speculative movement where many retailers enter the market while smart-money staying on the side-line. This can go some time but sooner or later the differences between the real economy and stock-market will be to be that either an adaptation of the two factors occurs or a shift into the bearish perspective again which can increase to the downside as there are many retailers in the market since the corona-breakdowns seen this year. The bullish short-to-middle-term perspective does not alter this fact therefore it should definitely not be kept aside, it will be highly interesting how this dynamic will develop. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Even though fortune's destiny seems obscure in the present, it is actually beginning right now. Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
6
D-JONES, It Will Be An Huge Historical Test In Stock-History!Hello Traders Investors And Community, welcome to this analysis about the recent events, the current price-formation-structure and what we can expect the next times in one of the major leading stock-indices worldwide and one of the oldest participants in stock-markets the DOW JONES INDUSTRIAL AVERAGE, after we have seen the huge corona-crisis-breakdown which hit all global markets heavily we see a slowly moving uptrend right now, the big question which we have to ask our selves at the moment is if this uptrend is a stabile uptrend which will continue on a solid foundation or if it is just a huge bull-trap selling the shares to smart money on higher prices. As there are not only fundamental but also technical signals which I detected and which play an important role in the further outcome of the market we are looking at the 4-hour local timeframe. When considering an index which builds the stock-market we have to also compare it with the current real economic situation and the things going on worldwide, and this situation is in fact a high volatile right now as the real economy is still damaged from the corona-crisis which has caused big failures due to lockdowns and the conservatism of the investors in this time. Also, we have massive protests going on worldwide which hasn't been seen since many 10th of years in that a mass-fashion. So taking all these factors together we can examine a divergence in the real economy and the stock market which shouldn't be the case because it is unnatural for the market and when it goes on for longer it has a big speculative impact on the market because the real economy isn't growing but the stock-market due to massive money printing from central banks, therefore, these two should build the same line together to provide a possibility for prosperity. Technically speaking we see the index currently approaching a historical resistance level which is also the all-time-high-level you can see marked in my chart in red, when we approach this level firstly we can expect an pull-back because it is still a strong resistance level when this happened there are basically two possible scenarios which can play out within the index, once it is a second test of the resistance level where the price can succeed and make a new all-time-high to continue further and the second case will be that we break the current uptrend line you can see in my chart marked in grey to the downside which will cause bearish pressure and a test of the neckline of the inverted head and shoulder formation. When considering the bullish case it is important to keep in mind that the breakout needs to confirm with high volatility and sustainable price-action otherwise it can be a bull trap factly till the head and shoulders formation target confirmed. It has to be noted that when we confirm a new high and advance further this will be a highly speculative rally as the real economy and the stock-market are still in divergence together firstly when these both run together we can get a healthy market environment. When considering the bearish side we can get bearish pressure after the uptrend line crossed to the downside, from that point it is possible for the index to test the neckline of the head and shoulder formation from where we can form a reversal and advance further but it can also turn out to come more bearish pressure to the downside which can invalidate the head and shoulder formation, therefore when we cross the 22690 mark to the downside this will get a definite bearish breakdown and need to be kept in the schedule for further considerations. At all the test of the resistance will be the critical factor in the further continuation of the index. In this manner, thank you everybody for watching, support for more market insight and all the best! There are many roads to prosperity in the modern economy, but one must be contemplated. Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
6
DOW Elliott Wave Analysis for Monday 11/09/2023 (+ 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 Bottom formation completed.Dow Jones / US30 has formed the 2nd leg of the bottom sequence on the Rising Support and the 0.236 Fibonacci level at the bottom of the Channel Up. This is a similar formation to May, also on a Rising Support. Once the Falling Resistance broke, the price almost reached the 0.786 Fibonacci level, before making a Higher High. The CCI between the two patterns is also indentical. If the price crosses over the 4hour MA50, buy and target 35200. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30Long
by TheCryptagon
4
DOW JONES: The Channel bottomed. Strong buy opportunity.Dow Jones is once more near the HL of the five month Channel Up. The neutral 1D technical outlook (RSI = 46.013, MACD = -68.570, ADX = 21.330) further suggests that this is a low risk buy opportunity. The HL on the 1D RSI is consistent with the trendlines of May 31st and March 22nd all of whom where bottoms. As long as the 1D MA100 holds, we will be on a long position aiming at a +6 rise in total (TP = 36,000). 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
5
DOW JONES Last buy opportunity on the 1D MA50.Dow Jones (DJI) got rejected on August 31 on the 4H MA200 (orange trend-line) and that made the price pull-back. We are now close to the 1D MA50 (red trend-line) again, which is where the initial rebound started on August 25, exactly at the bottom (Higher Lows trend-line) of the Channel Up. This is the final buy opportunity on this pattern, as any closing below it would be a pattern invalidation and the trend would change to bearish on the long-term. Key to this, is the formation of a 4H Golden Cross, which could be only 4-5 days away. The last such formation was on June 09 and as with the one that preceded that, it will be a bullish signal. We will wait for either a new 1D MA50 test or a completed 4H Golden Cross in order to buy with the lowest risk possible. Target 1 will be 36000 and Target 2 36900 (just below the All Time High). ------------------------------------------------------------------------------- ** 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
1