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DOW JONES, Decisive Descending-Channel, Upcoming Determinations!Hello, Welcome to this analysis about the DOW JONES and the daily timeframe perspectives. Since the crucial bear market declines the Dow Jones has shown up within the recent times it is moving into a determining decision phase from where the further assessments and directions need to be waged now. Therefore it is necessary to look on the technical side of things and in this case the Dow Jones is now forming this main Descending-Channel-Formation as shown in my chart, within this Descending-Channel-Formation the Dow Jones has a coherent wave-count with the initial waves A and B already forming and now as the Dow Jones approaches the upper boundary of the formation this is likely to be the origin of a main wave C to the downside which will complete the whole wave-count and move into the final support-zone from where a possible back-up can happen. When this back-up is strong enough and the Dow Jones manages to reverse from there on this will lead to a possible major reversal once the Dow Jones settled above the upper boundary of the descending-channel-formation. Such a breakout will determine the final reversal-setup from where the Dow Jones is likely to move on forward. For now we should not rush into set conclusions rather it is necessary to keep appropriate patients before moving into the market because bearish pressure can still increase again, it will be a crucial development ahead. In this manner, thank you for watching the analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
7
End of month window dressing pushes US Indexes higherMorning Jumpstart Macro View and US market recap 1-02-22 The US ended the session well into the green again as end of month window dressing triggers another buying frenzy into tech. Prices on the Nasdaq, SP500 and DOW are all at key levels that could see another selloff in coming sessions. For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments. View more at www.tradethestructure.com
CBOT:ZB1!
by TradeTheStructure
SPX updated plan.For more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them. We are looking to RE long on the recent fall back to our previous trade exit zones. Price action has proved itself previously and we are using this as an exit point again. Make sure your risk management is controlled. It must be in line with your equity. Risking too much on any trade is never a good idea..
SP:SPXLong
by WillSebastian
2
DOW JONES hit the 1D MA200. Buy fractal spotted.Dow Jones has had a very sharp two-day pull-back, which hit today the 1D MA200 (orange-trend-line). That came off an Inverse Head and Shoulders pattern (IH&S) that continues to resemble that of June - July. With the 1D RSI hitting the Symmetrical Support level of the July 19 low which initiated the strong rebound to the 0.236 Fibonacci extension, I expect the same sequence to be replicated and hit 37000 by the end of next month. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
4
S&P500 Solid long-term buy opportunityMy most recent S&P500 idea was a short-term one on the 4H time-frame, where I called for a pull-back and then rebound to 4740: The target has been hit but the latest pandemic news were used as the catalyst for a new, deeper pull-back. I am switching back to the 1D time-frame where the index has just hit the 1D MA100 (green trend-line) again, for the first time since the December 03 low. As shown on the chart, this sequence has been spotted another 2 times before within this 12-month Channel Up: a) Double Top on the Resistance, b) Pull-back, c) RSI Double Bottom and d) Rebound to the 2.0 Fibonacci Extension level In our firm's perspective, once this formation is completed again, we expect another rebound. Our new long-term target is 4850. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
3
NASDAQ One last low is possible before new ATHNasdaq has been particularly week this month as yesterday's rejection saw the price back to the 1D MA50 (blue trend-line) again and near the December 03 low. We do remain inside a year-long Channel Up but the very structure of this pattern allows for one final Lower Low before making a bottom. As you see on the chart, every time NDX broke the last Low of the previous uptrend (bold black line), the price dropped either around -8.50% or -12.00%, while the RSI bottomed within the 35.000 - 30.000 Support Zone. Neither of that has happened yet and technically when either of those happens first, then that would be a good estimate for a bottom on Nasdaq. A -8.50% pull-back from the top would place the price at around 15,350 while a -12.00% at around 14,750. The latter however would mean a break below both the Channel Up and the Higher Lows trend-line that is holding since November 02 2020, while at the same time making a direct hit on the 1D MA200 (orange trend-line). Thus I consider it far less likely. For a long-term trader, even the fact that we are currently around the 1D MA50, translates into a good buy opportunity. Our Target on a 1.5 - 2.0 months horizon is 17600 which is slightly below the 1.786 Fibonacci extension, a standard target for NDX after such a bottom. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
8
DAX Emerging MA50/MA100 Bullish Cross on the 4H.DAX appears to have completed the short-term profit taking pattern as presented last week on the following analysis: The 1D MA200 held and the index can now resume the uptrend towards the top of the long-term Channel Up. On today's analysis I shift focus to the 4H time-frame where the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) are close to forming a Bullish Cross. Last time that happened was in October 20 and resulted in a massive rally to 16300. All the price needs to do is clear the 4H MA200 (orange trend-line) which rejected the rebound today and break this short-term Bearish Megaphone. At the same time the 4H MACD just printed a Bullish Cross as well, while the Higher Lows trend-line from the November 30 market bottom is holding firmly. We are looking for a medium-term rise around the 1.5 Fibonacci extension (16300). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
DOW JONES and the fractal of DOOM it should avoidDow Jones has been trading inside a Channel Up since the Q2 of 2021 a time during which I have been bullish buying every Higher Low within the pattern. This hasn't changed, especially after it recently made a strong rebound exactly on the 1W MA50 (blue trend-line), which during long-term uptrends is typically the major Support. However with this analysis I want to bring to your attention, a technical possibility based on the charts, which shows that DJI's long-term bullish trend may not have more than another quarter left before a major correction occurs. As you see on this chart, which is on the 1W (weekly) time-frame, while the index has been on this Channel Up (Higher Lows and Higher Highs), its very RSI indicator has been trading on a Channel Down (Lower Highs and Lower Lows) for the same time-span. This constitutes a Bearish Divergence and technically indicates that the dominant trend (i.e. the uptrend) has been losing its earlier strength. Now we come to the major part of the analysis. On top of that Bearish Divergence, which is alarming on its own, the last time a similar Channel Up has been spotted was from February to November 2019. As you see there is almost a perfect symmetry between the two both in terms of the Fibonacci retrace and extension levels, as well as the bounce on the 1D MA50 and below the 0.5 Fib at the exact same spot on the Channel Up pattern. This correlation suggests that, assuming the pattern replicates almost the same way, when the Channel Up breaks to the upside (i.e. above its top/ Higher Highs trend-line), a top might form soon after (a month or so), and as the index will get massively overbought, a sharp quarterly correction may follow. Now of course back in Feb-March 2020 the sole driver/ catalyst behind this massive correction was the COVID pandemic outbreak and an event like that can't be repeated that soon, however the markets tend to find and capitalize on any fundamental catalyst they can find at a given time in order to fulfil a long-term re-occurring pattern. What do you think? Should this ring a bell early on for the global stock markets or not? -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:DJI
by TradingShot
5
FTSE to riseFor more daily detailed analysis, don’t forget to click on the following button. Also, please ask any questions you may have and I will be happy to answer them. We recently went short on the FTSE and targets were smashed yesterday. Currently, COVID news sentiment and high inflation reports are moving this asset. In the very near term, the news will likely give us even more sentiment. We are now looking to go long on the FTSE with an upside target. We are at comfortable support with other technical aspects in our plan.
TVC:UKXLong
by WillSebastian