DOW JONES (DJI) Slides Through TP1 & TP2! Eyes Set on TP3 & TP4!Technical Analysis:
On the 15-minute timeframe, the Dow Jones (DJI) short trade has already successfully hit TP1 and TP2, confirming strong downward momentum. Price continues to trade below the Risological dotted trendline, suggesting that the bearish trend is likely to continue.
Key Levels:
Entry: 42,997.92
Stop Loss (SL): 43,161.50
Target 1 (TP1): 42,795.74 (Done)
Target 2 (TP2): 42,468.58 (Done)
Target 3 (TP3): 42,141.42 (Pending)
Target 4 (TP4): 41,939.24 (Pending)
Observations:
After breaking below the Risological dotted trendline, the Dow Jones showed significant selling pressure.
Price continues to respect the downward trendline, supporting the case for further declines toward the remaining targets.
With TP1 and TP2 already hit, the Dow Jones looks primed to move towards TP3 and TP4. Traders should continue to monitor the bearish momentum as the setup points toward more downside potential.
Dowjonesshort
Dow Jones in correction rangeConsidering the price gap that has been created, which has not been filled from any side, as well as touching the ceiling of the upward movement, we expect the price to be corrected until the price gap is filled. According to the chart, short trades can be entered in two ranges
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DJ30 FORECASTThe forecast for the OANDA:US30USD indicates a potential bearish trend. However, there may be a retest of resistance levels between 38445 and 38600 before the downtrend begins. The bearish movement is expected to target support levels at 37721 and 37499.
Key Levels:
Bullish Line: 38445, 38825, 39075, 39400
Pivot Line: 38000
Bearish Line: 37721, 37499, 37130, 36665
Dow Jones - Looking To Sell Pullbacks In The Short TermH4 - Bearish convergence.
Expecting short term bearish moves to happen here.
H1 - Strong bearish momentum.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Dow Jones March Futures looks Great to Slide lowerHello Everyone.
Forex market seems to be stuck in a mud and we seems to be in a highly manipulative environment. but soon market is going to be normal and we will have alot of setups forming but as of now i have a Dow jones YMH2024 March contract for short..
the Current model is 2022 Model as per inner circle trader concept which is my personal favorite and the most easy one. as per this we can see the Dow has taken out the buystops and given a market structure shift for the downside and market reprised higher in the Entry zone which is generally known as Fair value Gap. so therefore i am expecting price to go lower and target 38490 level.
This is a very clean and clear setup which has a higher probability to hit the target. but due to weekends there could be a shift if some news come out. otherwise its good to go
US30 short term Shorts towards 33000.0As I am still bullish on US30 this idea is a temporary move that I see playing out due to the past couple days being very bullish. As im expecting a pull back/retracement of some sort, I will be looking to take the sells at the 22hr supply zone. I will wait and see for price to show me its hands then go from there. As price hasnt slowed down yet im still waiting for price to distribute soon so we can take sells back down towards 33000.0
Scenario (A) - Is just for price to enter an area of supply which is at the 22hr supply zone. Then we will need our lower time frame confirmation to tell us that price is ready to drop like a choch and a wyckoff distribution. There is a 3hr supply below however, I feel like it will get violated hence why I will be waiting for the 22hr as that zone has also swept liquidity above.
Scenario (B) - Is for Price to sweep this major high and retrace back down towards our designated target around 33000.0. This is were im expecting price to slow down and accumilate orders for us to start entering our buy positions. Then from there we will ride with the trend up to maybe new higher highs.
Confluences for US30 shorts are as follows:
- Dollar has shifted trend to the downside so im expecting this market to be bullish.
- Price has had a lot of impulsive moves to the upside that it needs to come back and retrace back to.
- Price is approaching level of strong supply that will potentially cause price to come back down to a cheaper price so we can enter our buys.
- There are lots of imbalances below as well on HTF and if price wants to continue going back up it needs to retrace and pick up liquidity to beign a new rally.
P.S. I am expecting US30 to make new ATH's so if we get into buys we could possibly hold all the way to premium price levels. This is also backed by DXY as if thats now going down I will be expecting this market to rally up even more. In addition to this, sentiment analysis also expects US30 and NASDAQ to be very bullish which adds to our confluence for FUTURE buys!
Dow Jones waiting for the inevitable break up or down?The Symmetrical Triangle is notorious for indecision.
The price moves to the Apex in a symmetrical fashion and it's up to the traders to decide on whether to go long or short...
We can see there are two scenarios.
Either it breaks up with the 1st target to the top of the triangle at 35,653.
Or it breaks down, breaks through the Uptrend for the first time since March and it drops down to 33,607..
Where to? It is honestly anyones game right now. My intuition says it will break down. The Price action is weak and the candle of selling seems strong...
Also with the the interest rates staying put but having warnings that there will be an increase in rate hikes, is making traders feel trepidation for the markets.
Which way do you think it'll break?
Dow Jones 4hr TF
The Dow Jones has recently breached a bearish flag pattern, leading me to anticipate a shift towards a bearish trend following nine consecutive weeks of bullish performance. There are several factors aligning to suggest that the Dow Jones may embark on a downward trajectory. Meanwhile, the outlook for gold appears favorable for long positions, signaling a potential shift towards a bullish trend.
The Great Fall of Dow Jones could be nearThis is a trimonthly (MN3) chart of DJI. Including 125 years of history, ALL that we have of it.
It has taken DJI 35 years to reach this giant resistance. From the mid-channel in 1988.
The divergence and weakening of momentum is obvious.
This is a closer look:
I don't see how it can cross this resistance before falling a great distance down. It is not impossible-nothing is- but I wouldn't want to invest in this market for the long term.
This will take a long time to happen, but I believe a great fall is coming. A period of negative economic values, even a worldwide crisis. This is not something that can be caused by an internal US crisis only. It can and will include the whole world.
Dow Jones "US Dollar" 4hr TF My expectation is that the Dow Jones will break through the rejection point and decline trend line from October 2021. Once it does, there should be some bearish momentum, which will lead to a pullback to the rejection point and decline trend line, resulting in a move lower. At this point, gold should become very attractive, and it will be an opportune time to look for buying opportunities.
DJI ARE you rdy for sell ?🧨🧨👌The fall of the Dow Jones index / Are you ready to sell?
It is easy to see that the Dow Jones index is going to fall, and the targets that I specified for you will first reach 31486.38, then it will have a corrective trend up to 32550.68.
The next target that the index will see will be 28781.97 and that is where you can decide to go long.