Dow Jones - 10/08Pair : DJI - Dow Jones
Description :
Completed " 123 " Impulsive Wave
Falling Wedge in STF and Rejection from UTL
S / R Level
Fibonacci Level - 38.20% / 50.00%
Divergence - RSI
Dowjonesanalysis
DOW Elliott Wave Analysis for Wednesday 09/08/2023If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (y) area.
DOW Elliott Wave Analysis for Monday 07/08/2023It looks like we will get a larger corrective move that goes deeper into the area of wave ((iv)). The next completion of the corrective structure is again a buying opportunity.
DOW Elliott Wave Analysis Higher Timeframe (06/08/2023)Investors should wait for the pullback to buy again. Now we are rather in the area to take profit. Traders should analyze the lower timeframe for opportunities.
DOW Elliott Wave Analysis for Thursday 03/08/2023It looks like the correction is taking place. We need to take out one more low before the correction is complete. However, a longer corrective move that goes deeper into the area of wave ((iv)) is also possible.
DOW Elliott Wave Analysis for Wednesday 02/08/2023In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move. We go long after a clear ABC pullback.
DOW Elliott Wave Analysis for Tuesday 01/08/2023In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move. We go long after a clear ABC pullback.
DOW Elliott Wave Analysis for Monday 31/07/2023In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move. We go long after a clear ABC pullback.
DOW Elliott Wave Analysis Higher Timeframe (29/07/2023)Investors should wait for the pullback to buy again. Now we are rather in the area to take profit. Traders should analyze the lower timeframe for opportunities.
DOW Elliott Wave Analysis for Friday 28/07/2023In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move.
DOW Elliott Wave Analysis for Wednesday 26/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. A short trade can be initiated but be careful because you are trading against the main direction.
Dow Jones -> Fighting The Little Brother NasdaqHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of DowJones 💪
With the recent retest of a previous monthly resistance level, now turned support, and in confluence with a retest of the 0.382 fibonacci level the Dow Jones started a new bullrun which will certainly continue going into 2024.
On the weekly timeframe the Dow Jones just broke above a major previous weekly bearish trendline and since then created a solid +5% rally and with the recent bullish momentum I simply do expect the creation of a new all time high soon.
I have also been bullish on the daily timeframe on the Dow Jones for quite some time and so far everything payed off nicely - I am still waiting for a drop though to then scale into more buys on the Dow Jones to perfectly ride the next bullish wave.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
DOW Elliott Wave Analysis for Tuesday 25/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. A short trade can be initiated but be careful because you are trading against the main direction.
DOW Elliott Wave Analysis for Monday 24/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. However, we cannot exclude another push as a wave ((iii)). Therefore, it might be a risky short trade.
DOW Elliott Wave Analysis Higher Timeframe (22/07/2023)The EW count shows an ending upward structure. However, depending on what we get next week, alternative EW counts are possible. Investors should wait for the pullback to buy again. Now we are rather in area to take profit. Traders should analyze the lower timeframe.
DOW Elliott Wave Analysis for Friday 21/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. If we see the fifth wave ending with divergence, traders can initiate a short (against the main direction).
DOW Elliott Wave Analysis for Thursday 20/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. If we see the fifth wave ending with divergence, traders can initiate a short (against the main direction). A safer way to trade is to wait for the wave ((ii)) pullback and go long from there.
Dow Jones Possible Reversal & Recession in 2023looking for a strong rebound above 27.000
bullish target : 36.000+
possible deep recession in 2023.
trade with care.
US30 Analysis 19July2023after experiencing sideways, the price is bullish with a slope of 45 degrees, indicating that the bulls are firmly in control. also seen the formation of a bullish channel. the bullish trend will continue strongly following the direction of the channel
DOW Elliott Wave Analysis for Tuesday 18/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. If we see the fifth wave ending with divergence, traders can initiate a short (against the main direction). A safer way to trade is to wait for the wave ((ii)) pullback and go long from there.
DOW Elliott Wave Analysis for Monday 17/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. If we see the fifth wave ending with divergence, traders can initiate a short (against the main direction). A safer way to trade is to wait for the wave ((ii)) pullback and go long from there.
DOW Elliott Wave Analysis Higher Timeframe (15/07/2023)We updated the EW count for the DOW to align it better with the other indices. The updated count now shows an ending upward structure. Investors should wait for the pullback to buy again. Now we are rather in area to take profit. Traders should analyze the lower timeframe. Next week there might be both long and short opportunities.
XAUUSDGold already has broken the Supply zone but best and more good demand zone for buying 1940 area again 1977 -1980 supply zone where seller available sell possible with SL
