Today's focus: US30 Pattern – Diagonal Support – 38,135, 37,135 Resistance – 38,810 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 on the daily chart. What a solid run we have seen till yesterday's CPI data. After US CPI came in hotter than expected, this shocked the market and led to heavy selling on stock indexes and...
let's forget about current situation and circumstance of economy here. All pals are worry too much about economy. we all know that there will be recession in near term. But market tends to go opposite. chart looks strong and I personally apple's winning earning will obtained by spring. Let's hold apple until it shows the new high in march.
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...
CAPITALCOM:US30 The daily pivot is 37105, the first support is 38062, and the second support is 37764. As long as they do not fall below, my target is 38743. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
TVC:DJI I have set my target on the chart. If the support drops below 36238, the analysis will be canceled. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
Dow Jones (DJ30) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 38,159.35 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 37,769.85 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci...
We continue to locate the Dow stock in the bearish wave (Z) in magenta and expect the price to fall back to our dark green Target Zone on the south side (coordinates: $46.66 - $42.79). Traders could place a stop for long positions 1% below the lower edge of the Target Zone, or in this case 1% below the support level at $42.79. However, it should be noted that our...
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...
Linear target: 44k Impulse target: 48k The stock market cycles are lengthening. Continued downside till EOM followed by a final melt-up rally that will bring the end of grand wave 5. ETA H2 '22 - H1 '23.
Dow Jones (DJI) is pulling back on a technical correction as the 1W RSI got overbought (above the 70.00 mark) on the December 26 1W candle. That was basically the first time since June 01 2021 it got overbought and that time also gave a technical pull-back. What draws our attention more than that time though is the December 19 2016 pull-back when the 1W RSI was...
These are serious setups, I found a trendline that connected to the Feb 2020 top and it drop from there the next day. This is BIG we failed to breakout of the trendline connecting 1929 to 2000, it went above and came back under, this is VERY Bearish. First target 26000 under that it gets nasty.
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, it looks like we are moving corrective and that we have not started wave 5 yet. We could be close to complete another WXY structure.
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, it looks like we are moving corrective and that we have not started wave 5 yet.
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, it looks like we are moving corrective and that we have not started wave 5 yet.
Dow Jones (US30) is rising towards a pullback resistance and could potentially break above this level to climb higher. Buy entry is at 37,871.59 which is a potential breakout level. Stop loss is at 37,350.00 which is a level that sits under a pullback support. Take profit is at 38,256.87 which is a level that aligns with the 161.8% Fibonacci extension level. ...
DJ30 could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 37,665.45 Why we like it: There is a pullback support level Stop Loss: 37,247.85 Why we like it: There is a pullback support level Take Profit: 38,250.77 Why we like it: There is a resistance that aligns with the 161.8% Fibonacci...
Today's focus: US30 Pattern – Consolidation / ascending triangle pattern. Support – 37,400 Resistance – 37,770 Hi, and thanks for checking out today's update. Crypto had a mainly higher but, in some cases, muted response to news that BTC ETFs will become a reality. We have run over some of the news and moves since yesterday. The US30 is today's chart, and...
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, we are observing a finished WXY corrective structure. This could mean the start of a wave 5 up.