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Dowsignals

DOW JONES New Bullish Leg to beginLast week (August 07, see chart below) we made a long-term case of why Dow Jones (DJI) is poised to technically start a new aggressive rally 'right under our nose' and before that (July 25, see chart below), why at the time the correction wasn't over: As you can see, the index found support on our low tier near the 1D MA200 (orange trend-line) and as the April 19 Low, it touched the 0.5 Fibonacci retracement level of the 2-year Channel Up (chart 2 above). Back to today's analysis, the price has already rebounded at the bottom of April's Channel Up and has found its first Resistance on the 1D MA50 (blue trend-line). The final confirmation of this Bullish Leg will be when the 1D MACD forms a Bullish Cross as it did on June 18 and April 25. Since the Bearish Legs of this Channel Up have been almost the same percentage wise (-6.84%) we expect the Bullish Legs to be too. With the first Bullish Leg being at +11.13%, our medium-term Target is 42400 (just below a potential +11.13% rise). ------------------------------------------------------------------------------- ** 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 Any pull-back is a short-term buy opportunity.The Dow Jones Industrial Average Index (DJIA) is completing an Inverse Head and Shoulders (IH&S) pattern following the recovery of its 4H MA50 (blue trend-line). Since the dominant medium-term pattern since the April 19 Low is a Channel Up, any pull-back this short-term IH&S offers, is a technical buy opportunity. The previous Channel Up Higher Low of May 30 offered one final Higher Low pull-back below the 4H MA50 before the new Bullish Leg started towards the Channel's top (Higher Highs trend-line). Check how their 1D RSI fractals are similar among the two sequences. As a result, once today's Fed euphoria recedes, we expect one last buy opportunity to emerge with a short-term Target of 42000 (top of blue Channel Up), if note higher on the Diverging 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
3
DOW JONES Correction isn't over yet. See where to buy.The Dow Jones Industrial Average Index (DJIA) made initially a direct hit on our July 05 (see 1st chart below) 41000 Target and following the rejection then, is on its way of hitting the 39200 downside Target (July 17, 2nd chart below) as well: Zooming out to the long-term pattern again after a while, we can still see that the dominant technical structure is a Channel Up that first started on the September 30 2022 inflation crisis bottom. On the more medium-term, we can isolate a (dashed) Channel Up that started on the April 19 2024 Low. It appears that the current correction is technically its new Bearish Leg. Symmetrically, we should be expecting the new Higher Low to make contact with the 1D MA50 (blue trend-line). That is our first buy entry. The second is just below the 0.5 Fibonacci Channel level, which can potentially make near contact with the 1D MA200 (orange trend-line), a strong long-term Support. That scenario is drawn based on the October 27 2023 bottom which was after a symmetrical correction (-9.25%) with the March 20 2023 bottom. Similarly, the current Bearish Leg could be symmetrical (-6.84%) with the correction that led to the April 18 2024 Low. For both buy entries, our new long-term Target will be 42400 (Higher High on the medium-term 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
DOW JONES Top of its Channel. Sell opportunity.The Dow Jones Industrial Average Index (DJIA) hit our 41000 Target as projected on our last analysis (July 10, see chart below) and reached the top (Higher Highs trend-line) of the 3-month Channel Up: The Bullish leg competed a rise around the same levels as the previous one (7.87% against 7.65%), so we can assume the symmetry will continue to shape within this pattern and affect the Bearish Legs too. The previous Bearish Leg made a -5.14% decline. Our Target is 39200, marginally above the 0.618 Fibonacci retracement level. ------------------------------------------------------------------------------- ** 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:US30Short
by TradingShot
6
DOW JONES Looking to break above the 3-month Triangle.The Dow Jones Industrial Average (DJIA) has been consolidating within an Ascending Triangle since the April 01 High and recently is being supported by the 4H MA50 (blue trend-line) since June 17. As long as it continues to hold, there are higher probabilities to finally break above the Triangle's top (Resistance 1). If it does, the pattern will transition into a Channel Up that will aim for a new Higher High. The first Bullish Leg extended to as high as +7.52%. The 1.382 Fibonacci extension is technically the break-out target on these occasions, so our Target is in the middle of those levels at 41000. ------------------------------------------------------------------------------- ** 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
2
DOW JONES All patterns pointing to a bullish break-out.We have seen today's pattern on one of our previous analyses (June 14, see chart below) but on the 1W time-frame: Today we make some slight modifications as we view it on the short-term 1D time-frame. Dow Jones (DJI) continues to replicate the sequence of February 14 2023 - May 30 2023 and following the latest 1D MA50/100 Bullish Cross, is ready to break above the (bold dashed) Ascending Triangle. As you can see there is so far high symmetry between the two patterns. The 2023 one made a Higher High following the Triangle break-out on the 1.382 Fibonacci extension from the bottom. It had two identical Bullish Legs since that Low. As a result, we are targeting at least 41000 on the medium-term, which is tightly located within the 1.382 Fib and a symmetrical +7.50% Bullish Leg. ------------------------------------------------------------------------------- ** 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 The bleeding may not be over. How low will it go?On our last Dow Jones (DJI) analysis (May 24, see chart below), we called for the high probability of a bearish break-out below the Channel Down, following the 1D MACD Bearish Cross (similar to April 02): As you can see, Dow delivered, so our 38350 Target got hit, with minimum losses on the buy position at the bottom of the Channel Up. Yesterday's rejection on the 1D MA50 (blue trend-line) though, is far from ideal and opens the way for more downside. The chart shows DJI's long-term pattern, which has been a Channel Up since the October 03 2022 market bottom. The periodic corrections through Bearish Legs have both declined by -9.25%, a striking resemblance indeed. Yesterday's 1D MA50 rejection basically resembles those of the past Bearish Legs on March 06 2023 and October 17 2023. Ahead of the 1D MA50/ 100 Bearish Cross, which could be completed by tomorrow, there is high probability for a deeper Low, at least as Low as Support 1 (37250). This would be ideal as it would also make contact with the 1D MA200 (orange trend-line) for the first time in 7 months (since November 03 2023)! After that though, we will turn into long-term buyers again, even though that wouldn't complete the -9.25% decline of the previous Bearish Legs, but in terms of R/R would be acceptable enough to aim for 40000 before the Channel Up goes for a 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:US30Short
by TradingShot
DOW JONES Broke above its 1D MA50. Is it bullish finally?Dow Jones (DJI) broke on Friday above its 1D MA50 (blue trend-line) for the first time since April 10 and even though it failed to close above it, today has already established the price action above it. This is a strong first bullish signal but isn't enough by itself. Even though the 1D RSI has already turned its MA from Resistance to Support, we need to see a 1D candle closing above the 0.618 Fibonacci retracement level, as we pointed out in previous analyses. If that happens, we will turn bullish again, targeting the 40000 High. Until then, having low risk on this strategy being so close to the invalidation level, we are bearish and targeting 37900 (the 0.236 Fibonacci level). ------------------------------------------------------------------------------- ** 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 Attention! These are currently the key levels to know!Following a successful sell signal at the top of the long-term Channel Up (March 28, see chart below), Dow Jones (DJI) is staging its first attempt to resume the bullish trend: Observing past behavior in similar circumstances often helps at making such projections, so we placed Dow's previous correction in August 2023 (right chart) next to today's. The key levels when the index made a similar attempt to regain the long-term bullish trend as the 4H MA200 (orange trend-line) and the 0.618 Fibonacci. As you can see on August 31 it marginally broke above both but failed to close a single 4H candle above them and was subsequently rejected back to the 0.236 Fib. A 4H MACD Bearish Cross took place exactly on that candle's rejection. As a result, we will only buy the break-out if Dow closes a 4H candle above the current 0.618 Fib (38950) in which case we will target the 40000 High. Until then we will sell even the slightest 4H MA200 rejection and target 37900 (Fib 0.236). We can already see a 4H MACD Bearish Cross emerging. The risk either way is low. ------------------------------------------------------------------------------- ** 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 Secret Cycles you didn't know existed!On this analysis we examine the Dow Jones index (DJI) from the longer term perspective of the 1M time-frame. A lot of market participants has started to get nervous because of this month's pull-back and this is the best way to keep a calm mindset and view the price action objectively. In order to see if the market has a legitimate reason to panic or not, the answer can be given by observing the index from a cyclical point of view. To begin with, the 1M MA50 (blue trend-line) has been the absolute multi-year Support level (since October 2010 only two candle closings below it, March 2020 COVID flash crash and recently the September 2022 inflation bottom). The market deems every pull-back towards it, a buy opportunity with the lowest possible risk. Since the bottom of the 2008-2009 Housing Crisis, the 1M RSI bottoms on Lower Lows help us classify the multi-month phases into Cycles. The duration of each Cycle since the 1st, has been pretty consistent (39 to 48 months so far). When the index closes a 1M candle below the 1W MA50 (red trend-line), the correction towards the 1M MA50 is usually under way. Also there is a striking consistency on the growth of each Cycle. As you can see, with the exception of the first (naturally the most aggressive since it was the start of the recovery after a Bear Cycle), every Cycle sees gains within the range of +70% and +77%. As a result assuming the new Cycle follows a similar pattern, we can expect a minimum Target of 48850 (+70% from Low) and a Cycle ending on December 2025 (39 months from previous Low). Technically the index should peak around the the start of 2025, entering a volatile period towards the end of the year. This is as close to a projection one can make on such a long-term horizon and with tons of fundamental risks involved. Where do you think Dow Jones will top at? ------------------------------------------------------------------------------- ** 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 At the edge of the cliff.Dow Jones (DJI) is approaching the top of the 1.5 year Channel Up, while at the same time holding the Inner Higher Highs trend-line. The 1D MA50 (blue trend-line) Support is getting increasingly weak as it is now on the 0.786 Fibonacci retracement level, the closest it has been to the price action since the the November 2023 break-out. Technically this is as overbought as it can get on the 1D time-frame and the 1D CCI gives a clear sell signal that is consistent with the late July and January 2023 peaks. On this scale, the time to buy is far from the current prices, quite the contrary, the RR favors selling on the short-term. We are expecting 38050 (Support 1) to be tested on the 0.618 Channel Fib level. Even though the previous two corrections made -9.25% dips, the time to buy would be when the 1D CCI posts a Higher Low on oversold territory. That was a solid buy signal in 2023. The ideal price level for that would be as close to the 1D MA200 (orange trend-line) as possible, although it is not necessary. Profit by selling short-term and buying the dip long-term. ------------------------------------------------------------------------------- ** 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:US30Short
by TradingShot
3
DOW JONES Short-term correction has began.Dow Jones (DJI) has had yesterday the strongest red 1D candle since February 13 and 2nd strongest since the October 27 2023 bottom. Just as recently as last week (February 26, see chart below) we called for a 'very clear bearish signal' as not only was the price near the top (Higher Highs trend-line) of the 1.5 year Channel Up but also the 1W MACD was on a Declining Histogram similar to the August 2023, December 2022 and August 2022 tops: To get a better idea of the shorter term implications of that signal, we view Dow today from the 1D time-frame, where the 1D RSI has been on a Bearish Divergence (Lower Highs against the index' Higher Highs) December 19 2023. Again within the structure of the Channel Up, the same RSI pattern was formed during the August 01 2023 and December 2022 Higher Highs. Both declined by virtually the same percentage (-9.25%). Such a decline would push the price as low as 35650, which is where the 1D MA200 (orange trend-line) currently is. Instead we would like, as mentioned, to keep a shorter term perspective here and time a 3-4 week target. Once the 1D MA50 (blue trend-line) breaks, it will be the most optimal sell confirmation, with a conservative short-term Target being Support 2 at 37120. Notice that this would be near the 0.5 Fibonacci retracement level of the Channel and if it takes place in early April, it will be as close to the 1D MA200 as possible. In any case, the 1D RSI touching the 30.00 oversold barrier, is technically always a solid level to start buying again for the long-term. Note also how the current top is virtually the same rally % (+21.00%) as December 13 2022. This shows that we shouldn't neglect the symmetry of waves within this long-term 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot
DOW JONES Very clear bearish signal.Dow Jones (DJI) is approaching the top (Higher Highs trend-line) of the the 1.5 year Channel Up, while flashing a very unique medium-term sell signal. That is the 1W MACD Histogram, which is declining, a Bearish Divergence that during that period of time, has initiated 3 declines of more than -9% each. Given the fact that the current Bullish Leg of the Channel Up has extended to almost 21.9%, which is almost as high as the October - December 2022 sequence, we are expecting a medium-term correction back to at least the middle of the Channel Up. Target is 37120 (Support 1) and if a 1W candle closes below the middle, we expect a bottom around the 1W MA50 (blue trend-line) at 36000 (Support 2). ------------------------------------------------------------------------------- ** 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:US30Short
by TradingShot
3
DOW JONES Channel Up with the 4H as the key level.Dow Jones (DJI) is trading within a Channel Up pattern on the 4H time-frame with the 4H MA50 (blue trend-line) supporting since the January 19 break-out, being right on its bottom (Higher Lows trend-line). As long as the price action is closing candles above it, we remain bullish, targeting a Higher High at 39100. If it closes a 4H candle below the 4H MA50, we will take the loss and sell instead, targeting the 1D MA50 (red trend-line) at 37800. Note that the last medium-term Support has been the 1D MA200 (orange trend-line) on January 18 and being overbought for too long on the 1D time-frame while the 4H RSI is on a Bearish Divergence throughout the index' whole Channel Up, a short-term correction to the 1D MA50, would technically be quite likely here. ------------------------------------------------------------------------------- ** 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
1
DOW JONES at the top of the 18month Channel Up. Medium-term SellDow Jones has been trading within a 18-month Channel Up pattern since the October 13 2022 global market bottom. The current price action is approaching its top (Higher Highs trend-line) for the first time in more than 1 year (since December 13 2022). With the 1D RSI on Lower Highs, which is a Bearish Divergence against the Higher Highs of the price action, the current levels are a strong candidate for a medium-term pull-back. Even though we are past the transition year of 2023, which got the index out of the 2022 Bear Cycle and into the new Bull Cycle, thus we do not necessarily need a strong correction like those of August - October 2023 and December 2022 - March 2023, a smaller technical pull-back would be natural to normalize the overbought technical indicators and extend the long-term bullish trend. As a result, we are targeting at least 37120, which is Support 1 and just above the 0.618 Fibonacci Channel level, the first target of the December 19 2022 pull-back and a typical % correction similar to August 24 and May 25 2023. Not that the 1D RSI was under a Lower Highs trend-line both during the August 2023 and December 2022 corrections. Interestingly enough, both corrected by -9.20%, so technically we can see a correction as low as the 1D MA200 (orange trend-line) and the 0.236 Fibonacci Channel level at 35000 (even though it is less likely unless very negative fundamentals hit the market). Also it is worth pointing out that there is a technical maximum extension above the Channel Up, which is the red Triangle, in case the current Bullish Leg of the pattern goes for a +21% rise, like the December 01 2022 did. ------------------------------------------------------------------------------- ** 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:US30Short
by TradingShot
4
Most overbought condition 1) Most overbought condition since May 2021 on the weekly RSI 14. 2) Converging trendlines at 38,200 stretching back since late 2021 create solid roof tested 3 times at least on 2 separate trend-lines which would make for a very tough level to break, especially when it's this overbought. ***A correction down to retest the connecting lows trend-line since late 2022 would make a lot of sense even if a new high would be reached in the future, a correction down is very likely in the current technical condition - Which would be down to the 34,200 floor.
BLACKBULL:US30Short
by Exactus
4
DOW JONES Correction has started. Where can it stop?Dow Jones (DJI) started a strong decline since our December 29 2023 sell call (see chart below), the strongest since the remarkable rally started on the October 29 bottom: On today's analysis, we want to look into the same market dynamics and the pattern we drew 10 days ago but this time on the 1D time-frame. What stands out the most is that this time on the January 02 2024 High, the RSI peak that was made a few days back on December 19 2023 (hence the Bearish Divergence) was a (much) Higher High that the previous two (red arrows down) on the Higher Highs trend-line (July 26 2023 and April 13 2023), that was made on the vastly overbought level of 87.50 (highest since January 11 2018). Our short-term target remains 36750, which represents the 0.618 Fibonacci retracement level from the Jan 02 High. The other feature on this 1D chart that stands out is the 38.50 1D RSI Support, which provided rebounds on May 25 2023 (long-term) and August 24 2023 (short-term). That RSI Support reveals where our first buy attempt should be. Price-wise that could be as low was the 0.5 Fibonacci retracement level (35100) of the October 27 Low. By the time it potentially makes contact with it, the 1D MA200 (orange trend-line) could be there as well. A medium-term candidate is also a -4.50% range from the Jan 02 High, which would give us 36150 and is where the 1D MA50 (blue trend-line) is headed right now. ------------------------------------------------------------------------------- ** 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:US30Short
by TradingShot
1
DOW JONES Huge Bearish Divergence on 4HDow Jones (DJI) is trading within a very aggressive Channel Up since the October 27 bottom that has seen it rise almost by +17%, making new a All Time High (ATH) in the process. In the meantime it is about to hit the Higher Highs trend-line that has been acting as a Resistance, rejecting similar Channel Up patterns since April 14. What is more alarming than this Resistance, is the Channel Down that has emerged on the 4H RSI. The other two similar Channel Down patterns that emerged after the RSI got overbought, did so right before the index peaked on the Higher Highs trend-line, starting two corrective Bearish Megaphone patterns. Those structures reached at least the 0.5 Fibonacci retracement level measured from the previous Higher Low, and the 0.618 Fibonacci level from the bottom of the (blue) Channel Up. Based on this occurrence, we expect yet another Higher Highs rejection that will test at least the 0.618 Fib at 36750, which is our current sell target. Potentially, if the selling pressure is pilled up and transitions to the 1D time-frame, it can reach as low as the 0.5 Fibonacci from the October bottom at 35150. ------------------------------------------------------------------------------- ** 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:US30Short
by TradingShot
1
DOW JONES Channel Up still holding, aiming at All Time Highs.Dow Jones (DJI) maintains its bullish trade within the Channel Up pattern that started on the October 27 Low. The 4H MA50 (blue trend-line) has been supporting since November 01 and as long as it continues to do so, the index is more likely to test the 36975 All Time High (Jan 05 2022). Especially since it is currently on a 4H MACD Bullish Cross. The previous two MACD Bullish Crosses have delivered rises of around +2.70% to the top of the Channel Up. Another +2.70% rise will send the price above 37000 and that is our target. If however the index closes below the 4H MA50, we will take the long's loss and reverse to a short immediately, targeting the bottom of the Channel Up. If the price closes below it, we will re-sell and target Support 1 at 35300, where potentially contact with the 4H MA200 (orange trend-line) can be made for the first time since November 02. ------------------------------------------------------------------------------- ** 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 I Continued strong development is indicatedWelcome back! Let me know your thoughts in the comments! ** DOW Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
NYSE:DOWLong
by BKTradingAcademy
DOW JONES Pull-back or Santa rally?It's more than 2 weeks since we looked into Dow Jones (DJI), giving a bullish rebound signal on the 1D MA50 (see chart below) that quickly hit its target: The price is now significantly above the 0.786 Fibonacci retracement level, which is roughly where the previous bullish wave of March - April took a medium-term pause and pulled-back first to the 1D MA50 (blue trend-line) and then to the 1D MA200 (orange trend-line). The % rise so far though (+9.50%) is almost the same as April's (+9.03%). With the 1D RSI however printing a sideways sequence on the 70.00 overbought mark, very similar to April's, it is worth attempting now a sell targeting the 1D MA50 and the 0.382 Fibonacci level at 34300. Since however we are very close to the (seasonaly bullish) Christmas period, if Resistance 1 (35700) breaks, we will take the loss on the short and instead buy towards the top of the 12 month Channel Up and target 36300, as part of the so called Santa's rally. ------------------------------------------------------------------------------- ** 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 Inverse Head and Shoulders signals for a new buyDow Jones (DJI) has completed an Inverse Head and Shoulders (IH&S) pattern and this week's pull-back, caused by a rejection on the 4H MA200 (orange trend-line), may be the last before it starts rising to a new Higher High. We are taking this opportunity to buy for the short-term and target the top of the dashed Channel at 34200. The IH&S can complete its long-term target on the 2.0 Fibonacci level (35000) after it breaks above the Lower Highs trendline. ------------------------------------------------------------------------------- ** 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 Channel Up Double Bottom. Solid buy entry either way.Dow Jones (DJI) is rising following a vastly oversold 1D RSI reading (reached even 23.60) at the bottom of the (blue) Channel Up. Based on the RSI pattern itself, we can draw comparisons with the December 2022 - March 2023 correction. According to that the 1D RSI has one more Low to make before it bottoms and that bottom will be leg (e). This will justify the emergence of a diverging Channel Up (dotted), where leg (e) will be its Higher Low while also completing a symmetrical -9.30% decline from the top. Still, the price has dipped well below the 1D MA200 (orange trend-line), which was March's bottom formation, thus either entry is equally probable. As a result it is best to buy on both levels so that a low risk indeed opportunity won't be missed. Our target is 35000, which is the 0.786 Fibonacci retracement level as well as Resistance 1. ------------------------------------------------------------------------------- ** 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
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