DOW JONES INDUSTRIALS PREPARING FOR A BIG MOVE UP?decision zone.
breakup can be very agressive.
stop > if breaks down & daily closes.
Dowjonesindustrial
HOW TO TRADE THE DOW-JONES(US30) INDUSTRIAL PROFITABLY.IN THIS VIDEO, I EXPLAIN MY METHOD OF TRADING THE US30 AND HOW TO PREVENT BEING VICTIM TO FAKEOUTS TO THE DOWNSIDE, USING FIB-RETRACEMENTS AND THE PARABOLIC SAR INDICATOR.
US30 IS NOW AT AN ALL-TIME HIGH, AND AS THE PERFECT INVESTORS STATE "BUY LOW SELL HIGH" , PLEASE LET ME KNOW WHAT YOU THINK OF MY ANALYSIS IN THE COMMENT SECTION AND LEAVE A LIKE.
INDICATORS USED FOR TRADING US30
> PARABOLIC SAR FOR CONFIRMATION
> MACD FOR TREND REVERSAL
> MOMENTUM FOR KNOWLEDGE OF WHEN TO ENTER
> RSI TO SPOT REVERSALS
> FIB RETRACEMENTS TO PREVENT FALLING FOR "FAKE-OUTS"
> STOCHASTIC OSCILLATOR TO SPOT TREND REVERSALS
IF YOU ARE NEW TO TRADING THE US30, PLEASE BACKTEST THIS STRATEGY USING A DEMO-ACCOUNT!
THANK< AND DROP A FOLLOW FOR FURTHER ANALYSIS.
US30 07/28/2020Trading the US30 market this week might be a little tricky but here is my personal opinion of what I think the market will do.
I see a new resistance area forming around 26725 and that leaves a possibility of the market breaking the channel's support area at 26393 and being Bearish down till 26093 (which will be my Stop Loss for this trade) before the bulls try to buy back into the market and push price up.
Personally, I believe that if this happens then it is only a short reversal as I expect Price to break the 26725 resistance area and go Long till 26892 which will be my Take Profit 1 and also a possible future resistance area . I'm going to Close some positions in Profit at that point and continue to ride the Uptrend through the Consolidation at Take Profit 1's resistance area until it breaks and shoots up to 27170 which will be my Take Profit 2 .
I expect the resistance at 27170 to be quite strong but I also plan to Hodl some position through it because I believe Price may still go up to 27546 which will be my Take Profit 3 for this trade.
Warning!!!
US30 is a very volatile and shifty market and may no go according to analysis. Please stay away from this trade if you're a new trader or your account doesn't have large enough equity to handle draw-downs or losses on this trade. This is my personal opinion on the market behavior and what I think will happen in the future for the particular market and is only shared for educational purposes. I recommend you always back-test before taking any trades given through analysis, always re-analyse to reduce your chances of losing a trade. Also, make sure to use appropriate lot size recommended for your account and equity size. Good Luck!
US30 Long 12/09/2020I expect to see a pushback to the resistance area and see price break through the consolidation to go for a long. This is my personal belief for what I believe the market will do, kindly double check and re-analyze before taking a trade with this analysis. And be careful with Volatile Markets. Good Luck!
DOW JONES LONG TERM - LONG TERMI think the US30 still has a great upside to complete its wave five.
Please leave a like or share your ideas below.
DOWJones Next week!Dow Jones is looking Bullish for next week so lets all get to it! :) Have a great week all!
US30 industrial dow jones 4h going to be bearish dow jones is going to be bearish in 4h time frame and a possible rising wedge is going to be formed soon
M formation confirm its bearish style
there is a fake lower high in the wedge and its going to cross the wedge soon
PERFECT - Follow up analysisClick the link in the "Red circle" to see the previous analysis, and also here's attached below the link to see the beginning of this analysis before the election:
I reckon it will reach the final target before the year ends. PERFECT Trades and Analysis!
Catalyst:
- Covid-19 vaccine breaking news
- Trump v Biden breaking news
Bullish Pattern Formations On All Major IndicesThe SPX, DJI, and IXIC indices have been forming consolidation patterns after the market-wide rally in early November.
Each chart is displaying bullish hidden divergence and an oversold stochastic RSI on the 4h.
Expect more upside until the upper lines of resistance are met, at which point the indices will either reverse or resolve upwards.
Potential HUGE trade - Follow up analysisHere's below the beginning of this trade/analysis, PERFECT entry!
My short-term analysis to sell the pull-back went through, it fell a few hundred points, but unfortunately, it got rejected at 28900, just a few points above the short-term target.
Currently, it breaks the strong resistance already. As long as it stays above the major support, my analysis and the final target remain the same. I reckon it has the potential to reach the target this year.
Catalyst:
- Covid-19 Vaccine
- Trump v Biden breaking news
- Price action
DJI - Comparing Today's Market vs September 1929Comparing similarities between today's Dow Jones vs. 1929 boom & crash.
Looking at 1929, there was a similar, but shorter-term double top prior to the crash, but instead of crashing after an apparent double top, we blew upwards massively first and then crashed.
DJI - Update: Long-term Head and Shoulders Bear Market IdeaRe-posting an old chart to see how we're doing in comparison, link to old chart below.
It was a PERFECT trade !! - Follow up analysisHere's our entry before the election. It was a perfect trade!
And here's the follow-up analysis. It has reached the short-term targets.
Currently, I reckon it has the potential to fall to the 28000-28600 zone. If it rejects that zone, I will re-enter a long trade.
Keep your guard up because the election drama is so hot right now!
US30 IDEA NEW IMPORTANT LEVELS 4H DOW JONES INDUSTRIAL AVERAGEUS30 IDEA NEW IMPORTANT LEVELS 4H DOW JONES INDUSTRIAL AVERAGE INDEX DOWJONES30
US30 is range bound ,Below mentioned new levels will help you to keep SL and to book profits .. Safe and Happy trading..!!!
30114
29982
29727
29179
28375
US30 29360 + 0.63 % LONG IDEA * CONTINUATION PATTERNS HEY EVERYONE
A look at the DOW JONES INDEX that has been rallying up and hitting higher highs then saw a push down correction or retracement now currently trading in a ascending triangle on the 1H char looking for a break above of this structure to see continuation to the upside target the fib extension a break below changes the whole trading plan.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET THE WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Dow- Different story, same ideaAs SP500 and Nas100, we also have a strong recovery on Dow since March's low, but, unlike the others, the major companies index couldn't make a new all-time high( above February's high). Also, unlike the others, the recent low is a lower low, not a higher low as we see in Nas100 and SP500.
The index now is also in resistance and is contained in a descending channel.
I expect a new leg down and in the medium term Dow can reach 25000
DJI ELLIOTT WAVE ANALYSISDJI IS IN CORRECTIVE WAVE 4. SEEMS LIKE IT HAS COMPLETED THE CORRECTION WHERE A=C EQUALITY HAS ACHIEVED. IT SHOULD START WAVE 5 RALLY FROM HERE WHICH SHOULD END ROUGHLY NEAR 32500 ODD LEVELS.
Tech Bubble Finally poppedNew wave of the corona spicing up the markets once more, or is that just an excuse for the sell off to come. Talks of Tech Bubble has finally burst. Election aroma in the air and Price is already showing some reactions. I like the 28000 whole level. If Shorts start to cover and bulls hop on the ban wagon, I would expect Price to stall round about the 27750 - 28000 whole level. Lets see if these fortune 500 companies' earnings can save what's about to happen, factoring quantitative easing into the equation. Bear Market around the corner???🕵️♂️🤷♂️
DJI - Double Top Duo may lead to Mega-Double Top CrashSee notes on chart, two confirmed double tops, one that started the March crash, and another confirmed today, could lead to a much worse crash than seen in March.
Hope I'm wrong! Related past ideas linked below.
