WHICH WAY TO BREAK? It's up to the market and for us to act accordingly. There is an ascending Triangle that's clearly forming on the Daily. And normally, with the higher lows and same highs, the bias is normally up. If it breaks up the target will most likely hit 40,000. My issue is the state of the world right now, which is probably wrong to think about as...
Getting close to the perfect touchdown target! #NDX and #SPX have been in consolidation mode since Mar 31st. No need to be always in trade; cash is a position too!
Pair : DJI Dow Jones Description : Bullish Channel as an Corrective Pattern in Long Time Frame Divergence Break of Structure Exp Fiat in Short Time Frame Completed " ABC " Corrective Waves
Pair : Dow Jones - DJI30 Description : Impulse Correction Impulse Break of Structure Flag Pattern Bearish Channel in Long Time Frame and Short Time Frame as an Corrective Pattern Divergence Completed " 12345 " Impulsive Wave " ABC " Corrective Wave
DJI according to Elliot wave principle the fifth wave complete and ABC pattern already formed so the price will drop to find the best demand zone to pull back the price may be the price break the nearest demand zones to find a strong support in down levels
As i see as a technical analyser the price will drop to find best support to change direction overall Dji market will crash maybe it is waiting to push by some news.
Pair : US30 ( DJI - Dow Jones ) Description : Impulse Correction Impulse Completed " 1234 " Corrective Pattern Divergence S / R Level Symmetrical Triangle as a Corrective Pattern need to wait until it Breaks the Upper or Lower Trend Line
After moving sideways, the Dow Jones should finally commit to dropping to the orange target zone. Within 32 401 and 31 689 points, the Index should hit the corrective low of the orange wave iv, which would turn the trend back North. On that note, we expect the course to rise above the resistance line at 34 707 in order to complete the blue wave (i). In our...
Confused Triangle has formed on the Daily. We are in the apex, so awaiting a breakout. First 7>21>200 - Bullish RSI >50 coming down (mixed) Target up 36,288 Target down 31,559 This clearly shows the confusion with the index as well as the fundamentals with the uncertainty with interest and inflation rates. The Fed is having a meeting tomorrow to discuss the...
$41k is the measured move for Spring 2023. "Go Away in May." Lets hope DXY stays below the trend and crashes down.
Old Cup and Handle on Dow Jones is still in play and the target remains at 36,694 A new C&H is almost confirmed with the break to the upside. The new target is 39,000 7>21 and price >200ma Broken out of medium term downtrend Bullish The Dow Jones seems to be following the January effect (with expected upside) Also, with Inflation coming at 6.5% as expected,...
Dji recent touch on the 50 & 0.617 Fib region and the retest is a confirmation with other technical tools that the US30 is et to reward SWING TRADES with +/- 2900 pips according to DANCOLNATION CAPITAL trading strategy.
The index is trying to move up and yesterday it treaded positively the sustained and formed a flag type pattern so possibly its preparing for another upside move.
After moving sideways for a while, we're expecting Dow Jones to drop into the orange target zone between 32 762 and 31 980 points to complete wave iv in orange in order to push the trend back up to the orange target zone between 34 305 and 35 466 points. After managing to pull itself up there to compete wave (i) in blue, we expect the course to drop back South. In...
According to the harmonic pattern AB=BC is showing the bareish signal and also it is near resistance area good time for short
As we all know, Dow30 (All American indices in fact) started to drop since the beginning of the year. However, looking at a longer chart we can see that this drop is overlapping suggesting correction. At the beginning of October, Dji made a new low under 30k, followed by a second drop in that zone, making a small double bottom. After the break back above 30k, the...
DOW JONES INDUSTRAIL AVERAGE ( DJI ) Time Frame - H1 We have ELLIOT IMPULSIVE WAVE ( Bearish ) in Long Time Frame #LTF Completed " 123 " Wave and Forming " 4th " Impulsive wave will Reject from Fibonacci Level ( 50% - 61.80% ) BULLISH CHANNEL Pattern in Short Time Frame #STF need Rejection from the Upper Trend Line #UTL ELLIOT TRIPLE WAVE COMBO in Short Time...
we have a very good short signal for dow and jones index, for long and short terms both are down, don't ever buy it, all positions supposed to be short not long