Dow Jones - Still pushing to $36,000? Then what?Dow Jones Industrial Average - We still have the same stance on the Dow. Final push to $36,000? Will it happen during the First week in June? After price hits around $36,000, we may get a major pullback. We will have to monitor the market closely and expect volatility at that point. Expect some sort of shake up around early to mid June. We will see. For now the market is still bullish .
Jones
Dow Jones US Stock Market (Stonks. Really?)View On Dow Jones US Stock Market (21 APR 2021)
Dow Jones took a decent pullback as there are no more "good" news to support the future rise of it.
I am expecting it is rather a "healthy" pullback and you can follow it on the short side (counter trend) Or wait at strong support region to get in at the cheaper prices.
33.6K will be an immediately Support level.
Seeing 33K and 32.5K shall be reachable.
DYODD, all the best and read the disclaimer too.
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Dow Jones US30 IdeaTarget: 34000.00
From checking all the Dow Jones stocks they remain in trend for the upside and economic recovery is still on the rise, there are a few fundamental possibilities involving the DXY that are potential red flags which could possibly effect our longterm target of 35000.00. A break below the 1 year trendline we will see how it reacts to the 0.618 fibonacci level.
DJCFD:DJI
OANDA:US30USD
CURRENCYCOM:US30
CURRENCYCOM:US30
CAPITALCOM:US30
GLOBALPRIME:US30
8/10 BEARISH DIAMON PATTERNHey dear community,
this one is an educational one.
Introducing the Bearish Diamon Pattern.
So, basically, this pattern is a bearish pattern, which appears at top levels, as well as an inverted version of it at possible or temporary bottoms.
Therefore I used this Key takeaway from Investopedia, which helped me a lot and I wanted to share with you:
-Traders use price patterns such as pennants, flags, and double bottoms and tops to forecast profitable trading opportunities and explain market dynamics.
-One useful price pattern in the currency markets is the bearish diamond top formation.
-The diamond top signals impending shortfalls and retracements with accuracy and ease.
-A diamond top can be located by isolating a head-and-shoulders formation and applying trendlines to the peaks and troughs.
-Utilizing price oscillators with the price pattern can increase the accuracy of a trade by gauging price action momentum.
-Key levels are 30000
-Expect to trade within the extended range of the Diamond.
-RSI looks okayish, there's is plenty of room growth, as well for the downside.
This pattern will possibly reach the right end of the diamond pattern.
Let´s see if this works on the Dow Jones (US30).
Happy trading everybody!
DJI future is working towards an ABC bounce.The US futures join the morning rally from Europe with the Dow Jones bouncing back from a larger correction (WXY).
We are looking at an ABC wave up that could turn into a 5 wave if momentum stays strong. I favour this because the larger degree trend is still bullish.
US30 Short IdeaShort idea to 31000, strong level of resistance and a engulfing candle creating fakeout, lets see what happens
US30USD IDEAHello traders, i haven`t posted in a long time, but here you have some analysis from me! :)
As we know US30USD is uptrending from November/October, and friday before market closed i catched 1000+ pips from my Divergence strategy, but now, i would like to see
US30USD re-test pink STRONG TREND LINE, and then take a good long term buy!
Check my profile for morew analysis on GER30 and EURCAD.
Good luck and happy holidays!
Careful - A pennant flag is nearly finishedUsually a pennant flag is a continuation pattern meaning here we should see more buyers. Alas, this one looks a bit weak to me.
If it fails I expect another zigzag pattern (Wave W=Y) just like we had from the previous high.
If it breaks out upwards then we can use wave X as the projection for the next rally.
Better to wait this one out and see where the pennant flag will be break.
US30 / Dow jones ideaHello traders! My last prediction on US30 worked perfectly,
right now i will selt alert on my charts at 27360 level,
and then probably will go for a buy position!
Good luck with your trades!
Corrective move could be in it's final fase.Dear traders,
According to my wave count we should be nearing the end of the correction that has been going on this entire month. 26300 is my final target before I expect the bulls to really wake up again. This area has been a battleground before. During this year's summer we've seen it as both resistance and support, and also last year this area was of importance to many traders.
A succesfull rebound means we can start looking back up again to finally try and beat the 30k.
Don't worry too much about the US presidential election yet. It's still 6 weeks from now and during that time a lot can happen on the market.
So for now my strategy remains selling the rallies until either my target has been reached and/or the bear channel has been broken to the upside.
Click on that follow button if you want to enjoy regular updates on major indices, commodities and forex :-)
Best regards from The Netherlands and remember: always use stops when trading!
Dow Jones - Wave 5 in the making?Im looking for a last leg up towards the February top near 30.000 before I expect a larger correction.
Perhaps the 5 wave correction is already finished but I see a bit more room down (circa 300 points).
Next week the bulls should show their faces or else its to the graveyard with this one.
For the longer term its important to quickly conquer that February top or we'll end up with a double top. And remember: when you see a double top, you sell a double top.
Let's take a look at the MarketHi everybody!
To begin almost anything, it helps having the right tools in place for the job.
The moment has come for me to set up a full outlook on the DOW JONES (DJI), everything will be approximations, and can update periodically on the same thread, I think.
This is a study completely based on my own understanding, and it is freaking minimal, but it is collective. I encourage suggestions and opinions.
Also, I am thinking as I'm writing so I will try to clean it up for you but my brain is slippery.
Let's start to begin...
Successful Short Trade (BOUNCER MARKET)DJI (Dow Jones Industrial Average Index) is in a disctinctively beautiful BOUNCER market, at the point nose-diving South.
During a market like this one is, the wisest things to do - is to trade riding the current wave, capitalizing on it.
This time we are applying the CONDI FAST TRACK Trading System. CONDI FastTrack is 4-times faster than our stadard system,
making use of the 15m chart as the base/main time frame for the system instead of the 1h frame...
As per the CONDI Trading System rules, we are allowed to trade both long and short within BOUNCER Market, which is nice.
T.m. at the moment making use of Short trading opportunities, 100% confirmed by the CONDI Trading System.
Recognized (yet another) such opportunity at point marked with the callout.
Trade successfully closed with profit within 2 15h candles (within just 30 minutes).
Happy CONDI trading!