Dow Jones - Elliott Wave Technical AnalysisDow Jones continues to show strength, it's a slow mover as volatility is low for value stocks.
- 3rd wave's peak may or may not have reached yet, but either way still has a 5th wave to complete before correction.
- Green parallel zone represents bullish impulse still in place, upper line acts as resistance and below line also represents trend line of support.
Enjoy!
Dowjonesindustrialanalysis
US30USD 2021 Feb 01 Week
OANDA:US30USD
US30USD 2021 Feb 01 Week
Green/Red zones = preferred entry area
Price returned to a previous accumulation zone.
Hasn't seen any signals to buy yet
Resistant3 = 31526
Resistant2 = 31223 - 31271
Resistant1 = 30900 - 31038
Support1 = 29796 - 29952
Support2 = 29420 - 29465
Support3 = 28668.50
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???🕵️♂️🤷♂️
US30 SELL OPPORTUNUTY, BIG DROP COMMING SOON.. US30 / DOW JONES SELL LIMIT @ 28450.00
SL: 29200.00
TP1: 27500.00
TP2: 26600.00
Dow aka US30 Possible swings in upcoming weeksHey everyone,
Dow looks weak at this point. Trend line resistance is on 26352 and price can give a short term down move from here. The index major support is on 24800.
DJI Dow Jones SHORT Critical Situation Longs Breaks 26750 ?Dow Jones are right now in a decision mode.
26750 is the key Level which must hold for Long
in a Longtime View.
In shorttime we are ahsort since 26980 broke with
2 supports.
Now there is the Long Trendline in BLUE which is in danger
Watch out these and the 26750 Level to decide the direction.
For new Longs in short timeframe we must climb above 26870
Good trades
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DOW BULL MARKET IS OVERThe dow bull market is over, the coming recession will cause the initial dip in the Dow which will correspond nicely with the upward lower bound trend and fibonacci retracement of around 22000. Then I'd expect a lower target of around the 50% retracement level of 16000 which will be at the height of the next US recession.
U.S Dow Jones Index Chart- Consolidation ahead before a breakoutU.S Dow Jones Index Chart
Crucial resistant to take note 26,265. A break out will bring the U.S Market to retest its previous historical high?
Downside risk kept at 25,000 as a note for all to take note shall this support of EMA200days is violated = more crash and doom to come.
U.S Dow Jones Index Golden Crossover formed since February 2019. A Bull market waiting to be declared perhaps.
Dow Jones (US30) AnalysisThe chart pretty much explains it all. I've slid over the Fib Retracement so that you can see the numbers better (FIB drawn from 24DEC18 candle to current candle). I believe we will retrace to the 0.236 Fib level, which is 25162 or close to it. I also believe it will turn around at the R1 Pivot Point. This being said, my stance on the Dow will be neutral i.e. Range-Bound (down and up in a sideways channel). Surprised to see my stance is not "short"? Here is why: Right now, it can go either way. We are only in February, and we have a long way to go until the end of the year. We are only roughly 600 points from record, all time highs. In the short term, I believe we will stay range-bound, with emphasis going to the Short direction. The Fed's decision to slow/halt interest rate hikes have given us a boost. We have also gotten a boost on news of a China trade deal. Any change in these decisions can send the market wildly into a downward spiral (possibly a crash?). The VIX is currently at around 13, so the market volatility has calmed down drastically from its recent highs in the mid 20's. I also believe this will be a factor in the market staying range-bound due to low volatility. Let me know what you guys think, and what trades you are doing with the Dow! Hope this helps.
Happy Trading,
Zak
FREE FALL DOW JONES - LONG TERM BEAR -The red cloud means sell setups and green cloud means buy setups. We are sitting at 240 sell setups VS 100 buy setups, meaning bears are winning. Fundamentally, government shutdown might also cause the market to dumb.
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