DOW JONES is forming a bottom, aiming at the 1D MA50 again.Dow Jones (DJI) is trading sideways for the 4th straight 1D candle on the bottom (Lower Lows trend-line) of the long-term Channel Down. As the 1D RSI touched the 30.00 oversold level and rebounded, similar to the September 27 bottom, while the 1D MA50 (blue trend-line) crossed below the 1D MA100 (green trend-line) to form the 1st Bearish Cross since that bottom, we treat this as a strong medium-term buy opportunity, targeting the 1D MA50 and 33100. We need a closing above the 1D MA50 to justify further uptrend as that level rejected the index on March 06.
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YM1!
YM, DOW JONES, US30 Daily analysisThis is a Daily analysis of both BUY and SELL Scenarios of the Dow Jones:
Buy:
-Buy Opportunity after retesting the old Support(Nov 4th, 22)
Sell:
-If Market breaks 31700 it's highly Possible to drop and retest 30100 Again.
Happy Trading
DowJones Tests And Initially Holds Its Equality TestIn this update we review the recent price action in the DowJones emini futures contract and identify the next high probability trading opportunities and price objectives to target
YM1! US30USD DOW 2023 Mar 13
YM1! US30USD DOW 2023 Mar 13
Short on reject of 32789 offered very good returns for those who were able to trade
during the US afternoon hours.
Ease of movement to the downside observed.
Possible scenarios:
1) Short on test and reject of 32789, possible target 31100
Volume Analysis:
Weekly: Ave vol down bar close toward low (non-trend changing)
Daily: Low vol E=R down bar (non-trend changing)
Price reaction levels
Short on Test and Reject | Long on Test and Accept
34689 32789
30513 28635
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Have a profitable week ahead.
DOW JONES: November Support and bottom of 4month Channel hit.Dow Jones is officially oversold on the 1D time frame (RSI = 29.490, MACD = -335.510, ADX = 43.978) with the RSI being that low for the first time since September 30th 2022. By hitting also the S1 Zone and the bottom of the Channel Down, it becomes a buy opportunity for us, TP = 33,450 (P1).
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DOW JONES Any doubt we are completely off Bear limits anymore?This Dow Jones (DJI) from the start of the 2022 Bear Cycle until today with the 2007 - 2009 (Housing Crisis) Bear Cycle fractal plotted on it. As you see up until the mid October bottom, the two sequences practically traded in an identical way. Since then however, Dow has completely diverged from the 07/09 fractal and despite the late weakness, it is hard to claim that we are still in Bear Cycle territory.
Is there any doubt we are off Bear limits anymore?
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DOW JONES The opportunity to buy again is NOWWe have been following this Triangle pattern on Dow Jones (DJI) trading within what we called the 'High Volatility region' since last year, with are last buy signal given 1 week ago:
The 33400 target was reached and yesterday's rejection on the 4H MA200 (orange trend-line) is providing us with a new opportunity to buy. We have a confirmed Triple Bottom ranging from November 09 2022 and today's low makes a Higher Lows sequence similar to what followed after the December 20 2022 Low on the 32480 Support. Even the 4H CCI is on the exact same levels as December.
Target 1 is again 33400 and Target 2 is 34350 assuming the index breaks and closes a 1D candle above the Pivot Zone and then re-tests it successfully as a Support.
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DOW JONES: Hit all of our targets. Expect a retrace.As Dow Jones hit the 4H MA200 today turning 4H technicals overbought (RSI = 71.290, MACD = 117.130, ADX = 48.966) it also achieved the two targets we set last week:
Our whole plan was based on the huge demand on the November Support and the fact that the previous drop to that Support was very similar to February's. If this continues to hold, then we are at the part of the sequence as denoted by the circles. A retrace to Fibonacci 0.382 level would be very reasonable technically and once the 4H RSI turns neutral again below 55.000, we will buy again and target Fibonacci 0.786 (TP = 34,050).
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dowjones 4 hour say = above low,looking for buy when you see pinbar on 15-60-2240-1440min chart ,pick buy and put SL in pinbar low,uunderstand?
hold your buys minimum to fibo 50% (dont close soon)
if you have old buy ,dont fear ,dow will back to high ,but put hedge sellstop in low ok? (if it open,never close it in low ,even in 10.000$ profit(ca go downer and margincall you ),wait dow goes down and back ,up trend apear,then close sell,then on high close buys)
alert= dow will go to 35800 ,be carefull from sell 100% put sl
good luck
DOW JONES This is the bottom. Fractals from 2022 confirm.Not surprisingly to us, Dow Jones has stayed inside the High Volatility region that we have identified back in late November:
The 1D MA200 (orange trend-line) has supported twice already since November 10 and is now going for its 3rd hold. If we pay a closer attention to the 1D RSI we see that it has printed the very same pattern it made on all Lows during the 2022 Bear Cycle. That is basically 3 occasions. The RSI is very close to the 30.00 oversold barrier and as the 1D MA100 supports, it makes it the most optimal long-term buy level on a 2-month horizon.
Even though it has been mostly trading sideways within the High Volatility Zone, on RSI terms, it is comparable to all 2022 Lows that bottomed out on an oversold 30.00 1D RSI and started an aggressive rally in the form of a Rising Wedge.
Our Targets are: short-term = 33400 (Pivot Zone), medium-term = 34400 (February 14 Resistance), long-term 35500 (April 21 Resistance).
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DOW JONES bottomed out on a 4 month Support!Dow Jones almost hit Support (2) at 32470 a level that worked out twice since November 9th 2022, starting strong rallies to 34390 (Resistance 1).
The same Declining Support on price - Rising Support on the RSI (4h) Bullish Divergence was formed on the December 20th bottom.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 33050 (MA50 (4h))
2. 33500 (MA200 (4h) and bottom of the Pivot Zone.
3. 34300 (under Resistance 1).
Tips:
1. The MA50 (1d) moves parallel with Support (2) and essentially has provided the same level of support pressure as that level. Trend changes long term if it breaks.
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DOW JONES: Bottom similar to December. Buy opportunity.Dow Jones is technically heavily bearish on both the 4H and 1D time-frames (RSI = 34.017, MACD = -241.550, ADX = 52.078) but the 4H RSI has been rising for the past week, despite the corrective wave on the index. This price action is similar to the late December that ended with a bottom formation. Even the patterns that preceded this are similar.
We are turning long again on Dow, targeting both the 4H MA50 (TP = 33,200) and 4H MA200 (TP = 33,600).
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Dow Jones Action Areas For The Week AheadIn this update we review the recent price action in the emini DowJones futures contract and identify potential action areas and price objectives for the trading weeke ahead
YM1! US30USD DOW 2023 FEB 27
YM1! US30USD DOW 2023 FEB 27
No trades for Dow last week.
Possible scenarios:
1) Rotational play: Trades can be executed at boundary of rotation
range 34605 / 32789
2) Supply takes control = short on test and reject of 32789
Volume Analysis:
Weekly: Lower vol down bar close toward low = minor supply
Daily: Ave vol down bar close toward low = minor supply
H4: UHV vol up bar + level close up bar close toward low = supply > demand
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35228 34605
32789 30513 28635
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Have a profitable week ahead.
DOW JONES Aggressive bullish reversal expectedDow Jones (DJI) broke below its Pivot Zone and Higher Lows trend-line and as per our strategy published 2 weeks ago, we took that break-out sell opportunity:
With the 4H RSI though printing Higher Lows against the price's Lower Lows (i.e. a Bullish Divergence) and the price approaching the 32480 Support level and the 1D MA200 (red trend-line), which both provided Support and started aggressive rebounds on November 09 2022 and December 20 2022, Dow is turning into a medium-term (at least) buy opportunity again.
In fact the very same RSI Bullish Divergence formed the December 20 Low. It is important to add that this Low was formed after a 4H Death Cross, a pattern that we already formed again 2 days ago.
We are buyers again on Dow, targeting the 4H MA50 (blue trend-line). Then we will either wait for a pull-back or buy when the price breaks above the Pivot Zone and re-tests it as Support, in similar fashion as on January 06 2023 and January 23 2023. Long-term target 34300.
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DOW JONES Rectangle for short term. Channel Up for long term.Dow is in ranging mode on the short term inside a Rectangle. The 4hour MA50 is almost at the middle, so crossing above it is a long signal: Target 34250. Below it is a short signal: Target 33550.
On the long term the structure remains a Channel Up, in fact the price came very close last week to its bottom. If the price breaks the bottom it is a sell: Target 32965. If the Channel holds, it is a buy: Target 34750.
Observe how the 4hour RSI shows well enough the best entries for the Channel Up and for the Restangle alike.
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YM1! US30USD DOW 2023 FEB 20
YM1! US30USD DOW 2023 FEB 20
Finally we see some movement from Dow.
34605-34432 rotational play based on 06 Feb's analysis garnered.
Possible scenarios:
1) Rotational play: Trades can be executed at boundary of rotation
range 34605 / 32789.
Note: 34605-34432: If market trades toward the upper boundary =
possibility of breakout
2) Rotational breakout/breakdown:
- If price breakout, long when price retraces and finds support
Volume Analysis:
Weekly: Ave vol down bar close below middle = minor supply
Daily: Ave vol up bar, demand overcoming supply = demand
H4: Ave vol up bar close toward high = minor demand
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35228 34432-34605
33624 33037- 32789
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Have a profitable week ahead.
ym willl riseAs you can see here I recommend buying ym.
place the srop loss and take profit as shown in the chart.
DOW JONES Take advantage of this excellent channel!Dow Jones is trading inside a Channel Up for the past three weeks. With the use of the Fibonacci Channel we clearly see the heavy varience levels within 0.236 - 0.786. We will buy low and sell high for as long as the pattern remains valid.
Trading Plan:
1. Buy on the current 4H candle.
2. Sell at 34300.
3. Buy at 33900.
4. Sell at 34400.
Targets:
1. 34300.
2. 33900.
3. 34000.
4. 33950.
Tips:
1. The 4hour RSI is inside a range that matches perfectly the highs and lows of the Channel. Use it for additional confirmation of entries/ exits.
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DOW JONES: Simple buy low, sell high inside the Channel Up.Dow is bullish on both the 4H (RSI = 52.865, MACD = 54.270, ADX = 29.792) and the 1D (RSI = 53.777, MACD = 101.160, ADX = 20.876) time frames but not on a wide margin. This is because it has been on a rather controlled rise inside a Channel Up since December 20th (only broken once).
For the past 3 weeks every 4H MA200 pull back has been the most optimal buy entry, so use the next one near 33,750, as close to the RSI's range bottom as possible, and TP = 34,600.
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DOW JONES Still ranged. Keep scalping for maximum profits.Dow Jones (DJI) followed the exact trading plan that we published last Wednesday as it rebounded on the 4H MA200 (orange trend-line) and today reached the Resistance Zone of 34300 - 34370(August 16 and January 15 Highs respectively). This keeps it neutral as we expected within the rough 33640 - 34180 Scalping Range:
The 4H MA50 (blue trend-line) has assumed the role of the Pivot and the 4H MA200 (orange trend-line) that of the Support (all candles closed above it). Our short-term trading plan remains scalping this range for as long as the price remains/ re-enters inside it. On the more medium-term, above the green Pivot Zone we are buyers targeting 34300, while below the Higher Lows trend-line we are sellers targeting 32700 (above the 32480 Support). Similarly, we will take the buy break-out if the price breaks the 34370 January 15 High and target the 34910 December 13 High.
Keep in mind that this Higher Lows trend-line is what helped us take this accurate buy entry 4 weeks ago as you can see on the chart below:
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Dow 30 - Potential Upward MovementDow 30 EMA about to cross HA Trend Follow updwards. Exit at upper BB
