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DOW JONES One break away from a rally back to 45000.Dow Jones (DJIA) got stopped on the 4H MA50 (blue trend-line) as the market paused ahead of today's tariffs implementation. This is the 2nd technical rejection since the March 13 bottom, the first being n the 4H MA200 (orange trend-line) last Wednesday. This bottom is technically the start of the new Bullish Leg of the 1-year Bullish Megaphone pattern, and is very similar, both in 1D RSI and price terms, to the first one (April 19 - May 20 2024). As you can see, we are currently within the sane 0.5 - 0.786 Fib range, where the price consolidated before the eventual 4H MA200 bullish break-out. If it continues to replicate the 2024 Bullish Leg, then be ready for a straight Resistance test once the 4H MA200 breaks. Our Target is 45000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:US30Long
by TradingShot
1
DOW JONES Last chance to buy before it breaks the 1D MA50.Dow Jones (DJIA) has been trading within a 1.5 year Channel Up pattern since the July 2023 High. The market found itself under heavy pressure recently as the Channel unfolded its Bearish Leg which found Support right below the 1D MA200 (orange trend-line). As the 1D RSI got oversold (<30.00) and rebounded, this is perhaps the last opportunity to buy low, before it breaks above its 1D MA50 (blue trend-line) on what is technically the new Bullish Leg. The previous Bullish Leg (November 2023 - March 2024) hit the 2.0 Fibonacci extension on a +23.94% rise, before it broke below its 1D MA50 again. As a result, it is possible for Dow not to break again below its 1D MA50 once broken, before it reaches the 2.0 Fib which sits at 50000. Our Target is a little lower than that at 49000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:US30Long
by TradingShot
DOW JONES Can the 1W MA50 hold and spark an end-of-year rally?Dow Jones (DJIA) has been trading within a Channel Up pattern since the late July 2023 High. The decline of the last 30 days can be technically seen as the Bearish Leg that will price its new Higher Low bottom. The price isn't only close to the Channel's bottom but also the 1W MA50 (blue trend-line), a level that has been supporting since the October 30 2023 bullish break-out. As a result, a 1W MA50 hit will be a potential double support test, with the 1W RSI also printing a Bearish Leg similar to the one that led to the October 2023 bottom. On the other hand, the ranged price action since the late November 2024 High, resembles the sideways volatility of the first half of 2024. Both were initiated after Higher High pricings at the top of the Channel Up. The rallies that led to those tops have been +21.00% and +23.72% respectively. If there is a decreasing rate on each Bullish Leg, then the new one should be +17.30% (i.e. -3.30% less than the previous one), which falls marginally below the 1.5 Fibonacci extension, which is where the November 2024 High was priced. As a result, as long as Dow is closing its 1W candles above the 1W MA50, the 2-year Channel Up is more likely to push upwards again for its new Bullish Leg, potentially targeting 48900 (+17.30%). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:US30Long
by TradingShot
1
DOW JONES Massive 1D MA200 reversal for Cup and Handle?Dow Jones (DJIA) has been trading within a Channel Up since the September 2022 market bottom. Throughout this long-term structure, Cup and Handle (C&H) patterns have emerged that were always contained above the 1D MA200 (orange trend-line) and subsequently initiated a rebound to at least the 1.382 Fibonacci extension before the next pull-back. The 1D MA200 is right below us at the moment and the current C&H seems to be on the verge of completing its Handle. Moreover, the 1D RSI is on its usual Higher Lows trend-line that prompts to a the most optimal buy entry. We're bullish, targeting 46400 (the 1.382 Fibonacci extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:US30Long
by TradingShot
4
DOW JONES Cup and Handle completed and eyes a new ATH.Dow Jones (DJIA) has been trading within a Channel Up since the October 2022 market bottom of the Inflation Crisis. Inside this pattern, four Cup and Handle (C&H) formations have occurred with the most recent one, about to complete its Handle this week. All such C&H patterns, rebounded to at least the 1.382 Fibonacci extension before the next pull-back. As a result, our Target before May remains 46400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:US30Long
by TradingShot
1
DOW JONES 1D MA50 supporting huge Inverse H&S push!Dow Jones (DJIA) has been trading within a Channel Up for the past 15 months. The pattern that could be the strongest driving force however in the coming weeks is an Inverse Head and Shoulders (IH&S), which is about to complete its Right Shoulder. As you can see this is being strongly supported by the 1D MA50 (blue trend-line) in the past 30 days and every such IH&S pattern in the last 2 years broke to the upside and hit at least its 1.382 Fibonacci extension. The 1D RSI sequences between those IH&S fractals are identical and the current RSI Bearish Divergence matches perfectly all previous Right Shoulder formations that preceded the 1.382 Fib push. As a result, a 46400 Target would be an ideal technical Higher High for the Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:US30Long
by TradingShot
2
DOW JONES Can the 1D MA50 save the day once more?Dow Jones (DJIA) has been trading within a year long Channel Up and this week's pull-back has so far found Support just above the 1D MA50 (red trend-line). As this chart shows, every 1D MA50 contact that was made after a Channel Up bottom (Higher Low), was a buy opportunity as the blue arc patterns highlight. The green arcs are the Channel bottoms and technically the strongest buy opportunities and in the past 10 months we've only had 3 of those. This is the 4th blue arc however, the medium-term buy opportunity. Regardless of colour, the 4H RSI pattern on each of those buy opportunities, has been the same. And the resulting rally has either hit the 1.5 Fibonacci extension or made a +8.33% rise. This time the 1.5 Fib is a bit closer to the price, so that will be our medium-term Target at 46750. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
DOW JONES close to a rejection. See where to buy & target 47000.Dow Jones (DJI) gave us the most optimal buy entry on our previous call (January 09 2025, see chart below), as we bought right below the 4H MA200, which was the bottom of the 1-year Channel Up, and on minimum risk it hit our 45000 Target: The price is currently about to break above Resistance 1. As this chart shows, every time a sub-1D MA50 (blue trend-line) rebound broke above a Resistance 1 level, it was only on a marginal note and then corrected back to the 1D MA50. The two notable examples where August 30 2024 and May 20 2024. After the correction bottomed and the bullish trend was resumed, the rebound that followed reached the 1.5 Fibonacci extension, making a roughly +8.50% rise from the Low. This indicates that the next Higher High of the Channel Up should be a little over 47000 and that will be our Target after we catch that 1D MA50 pull-back entry. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJI
by TradingShot
2
DOW has a full Bull year ahead based on PRESIDENT'S CHEATSHEETDow Jones (DJI) has started the year on a positive note and that is anything but a coincidence. On this 1W chart you can see Dow's price action since the early 2009 bottom of the U.S. Housing Crisis. That happened to be Obama's 1st year of Presidency. As you can see, 2009 was an incredibly bullish year with the index rising more than +60% from the year's bottom. Four years later in 2013, which was the 1st year of Obama's 2nd term in office, Dow had again a strong year, rising by +25% (naturally the previous term was more aggressive as the market had tremendous upside potential to recover from one of the worst economic crises in history). Moving forward again 4 years (2017), we can see yet another bullish (+35%) 1st year of Presidency, this time Trump's first term. Biden also had his fair share of bullish 1st year of Presidency in 2021 (+23%). The pattern is evident and shows the euphoria the market has when the U.S. President assumes his duties on his 1st year. It also shows that (excluding as mentioned 2009, which was natural to see a stronger recovery) on average it is fair to expect a price increase during the 1st year of around +25% to +30%. In fact, the price action that led to the current 1st year of Presidency that has just started (Trump's 2nd term), is very similar to the one that preceded Obama's 2nd term (2013). Both formed a Channel Up after the 1W MA200 (orange trend-line) was tested and held. That pattern pushed the price higher until the 1st year of Presidency, that found the index on the 1W MA50 (blue trend-line). Even the 1W MACD sequences that preceded this, are similar between the two fractals. As a result, investors have a strong reason to be bullish in 2025 and if pattern achieves the bear minimum of 2021 (+23%), we can expect to see 51000 by the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
2
DOW JONES The RSI shows the bottom is in.Dow Jones (DJI) has been trading within a 1-year Channel Up and is on a Bearish Leg since the December 05 2024 High. The price has found support so far 4 times on the 4H MA200 (orange trend-line) and is consolidating. This is most likely a bottom formation as the 4H RSI is posting a Bullish Divergence similar to the 3 previous times in 2024 when the price broke below the 4H MA200. Technically once the 4H MA50 (blue trend-line) breaks, we should a confirmed Bullish Leg, which is what happened on all 3 occasions. The minimum Target is Resistance 1 at 45000. Note that as long as the 1D MA200 (red trend-line) holds, the bullish trend will continue to be favored. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
DOW JONES Bullish accumulation below the 1D MA50.Dow Jones (DJI) has been trading within a Channel Up since the July 18 High. Right now the price is consolidating between its bottom (Higher Lows trend-line) and the 1D MA50 (blue trend-line). At the same time, the 1D RSI breached the oversold barrier (30.00) and rebounded. This trading sequence has presented the most efficient buy opportunity since April 19 2024 and the even though all Bullish Legs that followed have been a little over +8.00%, the weakest one has been +7.63%. As a result, our current Bullish Leg Target of 45235 is formulated out of that minimum. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
DOW JONES What signals the top of this Cycle?Dow Jones (DJI) has been on a highly systematic pattern ever since the 2009 bottom of the U.S. Housing Crisis and this chart on the 3W time-frame depicts very accurately the symmetrical nature of the Cycles that the index is going through in the past 15 years. As you see, ever since the October 2011 bounce on both the 3W MA50 (blue trend-line) and 3W MA200 (orange trend-line), Dow started a hyper aggressive Bull Cycle, which after making a Top on each phase, it broke below the 3W MA50 to become a buy opportunity again but has never yet broken below the 3W MA200. So far we have completed three such phases and we are currently on the 4th. In the three that have already been completed, the Top of the Phase was signaled by the RSI. At a certain point that it broke above the 70.00 overbought barrier, it started a Channel Down comprised of 4 legs (a through d). On the (d) leg, it gave a signal that Dow had (or is very close to) topped. That was the ultimate long-term Sell Signal. Similarly, when the index broke below its MA50 and the RSI double bottomed, it has been the ultimate signal to buy. Right now it appears that the RSI has completed Leg (a) and is starting the rise to Leg (b) of its newly emerged Channel Down. That means that the market has around another 12 months before it Tops again. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
1
DOW JONES 13-year pattern that never failed eyes $48000.Dow Jones (DJI) gave us the best bullish break-out signal exactly 1 year ago (December 13 2023, see chart below), as our buy entry at 36577 hit our 42900 long-term Target last October: At that time we made a clear point why that rally 'shouldn't surprise you' and it is because of this pattern's consistency for so many years. This 1W time-frame chart shows the cyclical behavior of the index, which peaks (Sine Wave top), then pulls back and starts forming a Rising Wedge (Sine Wave bottom) and when it breaks above the Rising Wedge, is where it flashed the bullish break-out signal we got a year ago. As you can see it then starts a gradual rise on the BB20 and completes the Cycle again (Sine Wave top) after roughly a +47% rally. The title mentions that this pattern 'never failed', practically it only broke during the COVID flash crash, which was a non-technical event than occurs once every 100 years. As you can see even the 1W MACD sequences between the cyclical patterns are identical. As a result, our Target towards the Sine Wave peak is 48000. If this is achieved in Q2 2025, based on Dow's current Channel Up (dashed), then we expect the index to remain on those high levels but turn more neutral sideways towards the end of 2025 and then eventual start of the new Bear Phase. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
DOW JONES 25-year Cycles show the clear picture you should know.Almost 8 months ago (April 12, see chart below), just when Dow Jones (DJI) was recovering from April's correction, we sent a clear message not to lose sight of the greater picture and to stay bullish: The reason was the index' clear cyclical pattern since the February 2009 bottom of the U.S. Housing Crisis. The index has grown by +17% since that analysis (from 38459 to 45080) and we can't see a reason not to complete the pattern and hit our 48850 Target, which is our projection for this Cycle's Top. On this updated chart is on the 1W time-frame, in contrast with April's which was on the 1M, we have added to key elements. The Channel Up that is dictating the pace of the Bull Cycle since the Feb 2009 bottom and the Fibonacci retracement levels, which show that after the Bull Cycle topped, the subsequent Bear Cycle corrected within the 0.236 - 0.382 Fibonacci Zone at least before the bottom was formed. In fact, all Cycles hit the 1M MA50 (blue trend-line) upon the Bear corrections and those didn't start before the 1W MA50 (red trend-line) was broken (1M candle close below). Our 48850 Target is technically the minimum estimate as that was the % rise of the previous one (Cycle 4), which was the least aggressive compared to others (Cycle 3 = +77.19%, Cycle 2 = +75.09%, Cycle 1 = +99.62%). If Cycle 5 peaks higher, we will draw the Fibonacci retracement levels from that top and re-adjust our expected 0.382 Fibonacci bottom for the Bear Cycle (or if the 1M MA50 gets hit first). As far as timing of the Cycle 5 Top is concerned, we expect that to be on December 2025 the earliest, again based on the Cycle with the minimum time length (Cycle 3), excluding Cycle 1 which was the most aggressive as it was the first after the U.S. Housing Crisis bottom. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
4
DOW JONES High Channel Up symmetry points to 46000.Dow Jones (DJI) easily hit our 45000 Target as suggested on our November 20 idea (see chart below), and immediately turned sideways, consolidating basically for the past 6 days: This is not the first time that we've come across this consolidation within the 4-month Channel Up as the exact same sequence was last seen during September 20 - October 08. As with today's price action, the consolidation also took place above the 1.0 Fibonacci level and once completed, it gave one final push to the 1.5 Fibonacci extension before correcting back to the 1D MA50 (blue trend-line). As a result, we now set a new Target for the end of the year at 46000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
DOW JONES is respecting our major August buy call beautifully.Dow Jones (DJI) is about to hit the 45000 Target on our last buy call (November 20, see chart below) and complete a +8.30% Bullish Leg rise within the Channel Up that started on the August 05 Low: We are very pleased also to see the index making enormous progress after our big August buy (Aug 07 idea, see below) which was exactly on the last major Low of Dow: As you can see, we successfully formulated that trade based on the extremely symmetric price action of 2016 - 2017. We've explained the notion on the previous idea, but we will refresh your memory if you read this analysis for the first time. Dow was already trading within a Rising Wedge pattern in 2016, which towards its end broke upwards and first completed a +19.50% rally. The second Leg of the Bull rally was completed on a +30.70% rise from the pull-back Low and then the markets entered the multi-month volatile period of the U.S. - China trade wars. Key Lows of the Bull Rally were made in October 2016, April 2017 and the last in August 2017. It is important to note that after the August 2017 Low, the index had the most aggressive part of the rally, attached to the top band of the Bollinger Bands range, which is what we've called before "riding the BB wave". Back to more recently and the Rising Wedge that started in 2022, it broke upwards in identical fashion as 2017 (first Leg +23.40%, Lows in October 2023, April 2024 and the most recent August 2024, which as you saw was our last major buy). Even the 1W RSI sequences between the two fractals are similar. What's left now is for Dow to complete a +30.70% rise from the August 2024 Low, in order to conclude the pattern from 2017. Our long-term Target since August remains thus intact at 49000. Keep in mind that this is the essence of long-term investing/ trading and this is the strategy with the highest winning rate. Note also that if it takes the same time to conclude as the 2017 Leg did from the August 2017 Low (green Rectangle, 168 days), then the peak should be formed end of January/ early February 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
6
DOW JONES 4H Golden Cross extending the rally.Dow Jones (DJI) gave us an excellent pre-election buy signal (October 29, see chart below) as it bottomed on the 0.5 Fibonacci retracement level and just below the 1D MA50 (red trend-line), in similar fashion as the September 11 Low, which then rallied to the 1.236 Fib extension: As you can see, we hit our 44000 Target, which was again the 1.236 Fib ext, but a new bullish possibility emerges. The 4H RSI is about to turn bearish (below 45.00) after being overbought (above 70.00) for 7 days. Last time this happened was on August 22, the fractals are virtually identical. During that time, the price made a Higher Low and continued to peak after a +8.30% rise in total. After another 0.5 Fib correction, the next Bullish Leg if the 3-month Channel Up was also +8.30%, indicating that there is high symmetry between the Legs of this pattern. Notice also the presence of a 4H Golden Cross both on the current as well as on the August Leg. As a result, since we still have some distance before completing a +8.30% Bullish Leg increase, we go long again as long as the 4H MA50 (blue trend-line) holds, targeting 45000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
DOW JONES Bottom is being formed. Buy for 44000 immediate TargetDow Jones (DJI) eventually made a bullish break-out on our last analysis (October 08, see chart below) and hit our 43200 invalidation Target: The 3-month Channel Up is still holding and the price is now on the 4H MA200 (orange trend-line) and near the bottom (Higher Lows trend-line) of the pattern. The 4H RSI has completed a bottoming sequence similar to the September 11 Higher Low. As long as the 1D MA50 (red trend-line) supports (closes 1D candles above), this will be a buy opportunity. Our Target is 44000, which is the 1.236 Fibonacci extension, similar with the previous Higher High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
DOW JONES ahead of an huge rally based on the 2017 fractal.More than a year ago (September 13 2023, see chart below), we posted a long-term fractal comparison for Dow Jones (DJI) between the 2022 - 2025 and 2015 - 2018 periods: As you can see the 1W MA50/100 Bullish Cross eventually placed the index on a huge rally (even though it had to go lower for a month) that hit Target 1 at 42000. The 1W RSI and MACD sequences in 2024 however evolved in such a how that we have to re-adjust the patterns in order to fit the 2017 price action. The charts now display very symmetric fractals and it appears that we are now on a short-term consolidation (circle) after a +50% rise from the September 2022 bottom. In November 2017, that was the final consolidation before the most aggressive rally of the Bull Cycle that made Dow top and then pull back to test its 1W MA50 (blue trend-line). As a result, we move our final target even higher at 49300, which represents a +71% rise from the 2022 bottom, similar to the rise that priced the January 2018 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
1
DOW JONES 15 year cheat-sheet that can make you rich!Dow Jones (DJI) is extending what seems a relentless rally since the August 05 Low, which was the most recent short-term correction, but in reality the index has been rallying very aggressively since the October 23 2023 Low. That was when after a 3-month correction, it found Support above the 1W MA200 (orange trend-line) and 2 weeks later it reclaimed the 1W MA50 (blue trend-line), which has been supporting ever since. So basically the index has been on a 1W MA50 Support for 1 whole year! What's more striking however and what short-term traders/ investors tend to ignore are the long-term Cycles of a financial asset. And Dow being one, is no exception. As mentioned, the 1W MA200 supported the October 23 2023 Low and in effect has been holding since October 10 2022 (so for 2 full years!), two weeks after the Inflation Crisis bottom. Since then we have been inside a Bull Phase. This is part of a greater trading Cycle for Dow, one that started 1 year after the March 2009 market bottom of the historic Housing Crisis. As you can see, the pattern is recurring and the phases have a high symmetry and frequency among them. First and foremost, they tend to do two Lows within a 1 year span, which is essentially the Bear Phase, which finds Support on the 1W MA200 (exception was of course the Black Swan of the COVID flash crash but it is of course a non-technical irregularity event) and then rebounds, effectively starting the Bull Phase. The first 2 Bull Phases rose by +75.80%, while the most recent by +70.80%, so we are roughly around the same strength levels. Also as far as duration is concerned, the 1st Bull Phase lasted for 1239 days (177 weeks), the 2nd for 1134 days (162 weeks) and the 3rd for 1106 days (158 weeks). Again the time element is quite similar. Notice also the similar pattern that the 1W MACD prints every time Dow enters the final part of the Bull Phase. As a result, if we apply those dynamic conditions on the current Bull Phase, we can see that a minimum rise of +70.80% from the bottom, should peak a little over 48000, and if it last a minimum of 1106 days (158 weeks) it should come to an end and price the top by October 06 2025. This indicates that we have at least another full year of bullish trend ahead of us and a fair Target could be 48000. As you realize, investors who are methodically following this 15 year old cheat-sheet, know where and when to buy/ sell and that achieves investing's two main principles: Profit Maximization and Risk Management. Patience and proper management within such Cycles are what "can make you rich" indeed. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
8
DOW JONES Short-term correction or invalidation?Dow Jones (DJI) has been trading within a Channel Up ever since the August 05 bottom and right now finds itself below the 4H MA50 (blue trend-line). This is because based on the Higher Highs sequence, the pattern has topped and is potentially looking for the new Higher Low. As long as the 42400 Resistance is holding, we will be expecting a short-term correction towards the 4H MA200 (orange trend-line), with a projected Low around 41600. Note that it will be above the 0.5 Fibonacci retracement level, where the September 11 Higher Low was priced. If the 42400 Resistance, which we call the invalidation level for shorts, breaks first then we will take the loss on the short and turn bullish instead. The last Higher High was priced marginally above the 1.236 Fibonacci level, so that will be our Target (43200). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
DOW JONES Pull-back possible but maintain long-term perspectiveA little more than 2 months ago (July 25, see chart below) we argued that Dow Jones' (DJI) correction wasn't over and called for a deeper buy, setting then a long-term Target of 42400: The Target got finally hit on Friday, giving us an excellent risk/ reward ratio on our investment. As however the price almost reached the top of the 2-year Channel Up, we have to issue a warning for a potential short-term correction. The 1D MA50 (blue trend-line) has successfully supported on September 11 last time and won't be odd to see another re-test after almost a month. The similarities after all between the first part of the 2-year Channel Up and the second (the one we're currently in) are still noticeable and on 1D RSI terms we may be symmetrically around the November 20 2023 level. However, we may see this time the Channel Up break to the upside for the first time after the elections. Regardless of the short-term volatility, our medium-term Target as we will be heading into December is 44500. That is the 2.5 Fibonacci extension, similar to where the April 01 High was priced. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
DOW JONES shows no signs of slowing down.Those of you who are worried if the upcoming November U.S. Presidential Elections or medium-term pull-backs (such as those of July and April 2024 or August - October 2023), pose a threat to your investments, you have a strong reason to relax and feel safe and that is the current chart. On this 1M time-frame analysis, we see Dow Jones (DJI) in almost the past 30 years (since late 1997) and the Cycles that have defined its Tops and Bottoms. As you can see, initially there is a clear (green) Channel Up that is always trading above the 1M MA50 (blue trend-line), leading to the eventual Top, which in turn initiates the Bear Cycle (red Arc). The use of the Sine Waves make a great fit for the bottoms in particular. It is interesting to mention that the time period between the end of each (green) Channel Up and the start of the next one is approximately 40 months (3.3 years). Also since the 2008 Housing Crisis, we can see that a wide Channel Up has been the dominant pattern driving the expansion of Dow. With the above information in mind, we can reach the conclusion that the index is only now entering that aggressive green Channel Up of the Bull Cycle, meaning that the Cycle is far from over and if anything, we are approaching its middle. In fact, the 3.3 year (40 month) time gap has just been completed, so there is a full Channel Up expansion ahead of us. Now, how high can that get? Well if each Bullish Leg of the 2008 emerged Channel Up is 40% less than the previous, then we are looking for at least a +100% rise from the September 2022 bottom, giving us a rough 57000 Target on a 5-year horizon. Again that doesn't mean that we won't have medium-term pull-backs (like those mentioned in the opening paragraph) along the way, they are necessary and they reset the prices in order to attract more liquidity and investors, but on the long run you can feel comfortable holding your stocks. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot