Dow Jones Index (US30): Multiple time frame analysis
Top-down analysis for US30.
Important key levels.
Price action analysis.
Trading plan.
Directional bias.
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Dowjones
DOW Elliott Wave Analysis for Tuesday 05/12/2023We made a new high in the DOW JONES and this has some implications. The wave ((2)) low could be in after a triple three correction or WXYXZ structure. This would mean that we are now working on an impulse. The upward structure is strong but so far we are only seeing three waves. Therefore, we cannot exclude the possibility that the upward move is corrective. As long as the upward move is corrective, it could be that we are still working on the wave ((2)) but as an expanded flat. If we start to turn down from the current area without making 5 waves up, we will favor the expanded flat scenario.
DJI Dow JonesIn the continuation of the previous analysis scenario, we see the completion of the waves of the diagonal ending pattern. After completing this corrective pattern, I expect the price to drop.
DOW I Continued strong development is indicatedWelcome back! Let me know your thoughts in the comments!
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Dow Jones ETF (DIA) ~ December 4H SwingAMEX:DIA chart anaylsis/mapping.
DIA ETF on relative strength compared to recent SPY/QQQ performance, indicating potential market rotation.
Trading scenarios:
Continuation rally #1 = top range of Fib.
Shallow pullback #1 = ascending trend-line (white) / ascending trend-line (green dashed) / gap fill confluence zone.
Shallow pullback #2 = gap fills / descending trend-line (light blue) / 78.6% Fib confluence zone.
Deeper pullback #1 = Golden Pocket Fib / 200MA confluence zone.
Capitulation #1 = 50% Fib / ascending trend-line (light blue).
Capitulation #2 = gap fills / 38.2% Fib confluence zone.
Capitulation #3 = gap fills / 23.6% Fib confluence zone.
E-mini Dow Jones ($5) Futures - YM1!Weekly chart with ichimoku.
The LS has broken its trend line, confirmation of the uptrend.
RSI at 64.12%, MACD ok.
Next goal, the highest at 36826 points.
Make up your mind.
INTC: Bullish Shark and Breaking Back Above The 200 Month SMAIntel has made a full reset down to the PCZ of a perfect Bullish Shark Harmonic on the Monthly Timeframe and it went below the 200 Month Moving Average to do so but it was short lived as price only a month later managed to get back above the 200SMA and close above it. I now believe that we could atleast see price test the 50% - 61.8% Retraces above but if the Dow reaches all time highs as i am somewhat leaning towards then we may see Intel make an even more surprising and extended move to the upside from here beyond the .618 retracement.
🔥 XAUUSD : There's a Chance that the price will Fall ! By examining gold in the 12-hour time frame, we can see that the price is trading in the range of $2035 and has taken on a downward trend. If the price manages to penetrate below $2031, we may see a further drop in gold! Its possible targets will be $2029, $2020 and $2004! The assumptions of the previous analysis are still valid! This analysis will be updated!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
EURUSD BUY SETUPHello
We have support
And we have Demand
And we have uptrend
So prefer buying instead of selling
DOW Elliott Wave Analysis for Friday 01/12/2023 (+ HTF)We made a new high in the DOW JONES and this has some implications. The wave ((2)) low could be in after a triple three correction or WXYXZ structure. This would mean that we are now working on an impulse. The upward structure is strong but so far we are only seeing three waves. Therefore, we cannot exclude the possibility that the upward move is corrective. As long as the upward move is corrective, it could be that we are still working on the wave ((2)) but as an expanded flat. If we start to turn down from the current area without making 5 waves up, we will favor the expanded flat scenario.
DOW JONES One final push before correction.Dow Jones / US30 made a new High on its November rally today.
This is all part of the bullish sequence from the bottom to the top of the 1 year Channel Up pattern.
The last blow off top rally that formed the July 27th High completed a +6.30% rise from the moment it tested and held the 1day MA50.
That would now be at 35960, above both Resistance A and B levels.
As a result there is still time for you to buy and target 35960 for quick profits.
Previous chart:
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The 1st and 2nd grade impulse pattern is being completedGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
SPX500 - New Breakout 📈Hi Traders !
The SPX500 Price Broke The Resistance Level (4507.46 - 4540.00).
This Resistance Level Becomes a New Support Level.
So, I Expect a Bullish Move📈.
Let's Wait For Retest...
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TARGET: 4574.00🎯
Hellena | DJI (4H): Short to support area 34200.Dear colleagues, I decided to update the idea. In principle, there are practically no changes. I believe that the price may retrace the high of 35250 again, completing wave 5. Then I still expect the price to decline. The nearest target is the support area 34200.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
DOW JONES - Resistance Becomes Support 📈Hi Traders !
The US30 Price Broke The Resistance Level (34850.00 - 35096.70).
This Resistance Level Becomes a New Support Level.
Currently,
The Price Pull Back to Important Structure !
and Now it Will Continue its Bullish Movement !
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TARGET: 35450.00🎯
📉 #Dowjones : Waiting for a Correction ? (READ THE CAPTION)By checking the Dow Jones chart in the daily time frame, we can see that the price is trading in the range of 35320, and I think that after the strong growth that we have seen in the last month, it will finally be stopped to some extent! The range of 35400 to 35700 is an important supply zone and I think the price will be corrected after entering this RANGE! If this is confirmed, I will update this chart and talk about its possible targets in more detail! Everything is clear on the chart and those who know my technical and analytical methods can use it very much!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
