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Dowjonesanalysis

Dow Jones now at 20941, Long Term Target is below 10000Long Term Dow Jones Industrial Average target is below 10,000 This is not a forecast I want to make, but this is what my longer term analysis shows. I hope the forecast does not come true but this is what my analysis shows, which is based on multiple time frame analysis of volatility and momentum. Best strategy according to this analysis is to look for sell signals after every strong rally loses momentum, unless and until this high probability pattern is invalidated.
TVC:DJIShort
by ChrisKazana
How Coronavirus looks on Dow JonesHello Traders, First i will discuss with you about the coronavirus, Us have more casses than China right now (Sell Sign), unemployment claim is 3.2 million (Sell Sign), 2 trillion $ was injected in US (Buy Sign, but already gone). Second, on Friday night was a fight at price 2200 and the price was violent on sell move, we can expect an Gap on monday when the Stock wake up. We have here a Shark Pattern, in my oppinion, the 61.8 Fibo is the first TP, and after that i expect a down trend. What do you think? Have a great day!
FX:US30Short
by BogdanUng
6
DOW JONES : MARKET BOTTOM ISN'T THERE YETAs seen from the DOW JONES chart over the daily timeframe , it is following the Elliot wave pattern and DOW is currently in the 4th corrective wave. All the signals are pointing towards a lower bottom. The next area of major monthly support is between 13000-15000 level where the market bottom can be seen. Tread carefully in the coming days. The market is only reacting towards induced positive news from the government, whereas the harshest effect of coronavirus is yet to be realized. Historically, previous recessions have found support in 200 or 300 Monthly EMA and currently the 300 Monthly EMA also lies between 13000-15000 support level. Instead of taking a pre entry, I would tread carefully and start accumulating once the DOW reaches near 15000 support level. The best way to accumulate is to wait and let the Elliot wave complete the downturn, then correlating the DOW with the VIX index and waiting for the volatility to reduce. Lower volatility near the support levels is a good sign to start accumulating and saving one self from taking a pre entry.
TVC:DJI
by utsavroy
DOW sparks will flyCatalysts for bull runs have been seen including symmetrical triangles, and three clear bullish divergences. A broadening wedge within a broadening wedge is present, these 52% of the time (according to bulkowski's chart patterns) result in a breakout downwards. Most often this chart pattern is found in bull markets. A clear cut case is the DOW. Going off purely TA a breakdown is likely from these high levels back towards the mean of the wedge , possibly even forming a symmetrical triangle or a falling wedge within the wedge to hold it. Monthly chart. If you are looking to buy, entering is fine as long as you are prepared for downsides and want to go long, as you can see the chart is clearly bullish .
TVC:DJI
by Bixley
Dow Jones 30 Robust Demand| 3rd March 2020"I can calculate the movement of the stars, but not the madness of men." -Sir Isaac Newton The daily chart close with last week price in robust demand. This is the potential buying signal from the bear traders as the movement of the bull has been spotted on H4 with evening stars. The price closed at 25553.00. Would be advisable to put trade on the key above 24500.00 any price. I will look onto the chart on Monday open whether taking another more deep price before hold the long and adding lots. If this has not resolve on the fundamental week next week, would be the price to go below and sending it to 21555.55 to the market crash 2018. Remember, you can never have to enjoy the long term bull like you did before as the coronavirus is still in the background as the economy not recover yet.This is just the beginning of the crash sensation.This is just the beginning of a downtrend. By Zezu Zaza
ULong
by Zezu_Zaza
DOW GOING TO 30K OR BACK TO 27K ?US30 price is in a wedge pattern but it's not yet enough conirmation to sell it. So,we will wait for more conformations. Please give a follow to get the updates on time :) In H4, we will wait for an impulsive move to the downside and trade the pullback. H4 : Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together. _________________________________________________________________________________________________________________________________________ Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support!
OANDA:US30USD
by AIRFOREXONE
2