PEPPERSTONE:US30
It may go down a little further, but it is now in the support zone. Looking for a swing trade here to about the 61.8% Fibonacci Retracement. RSI is oversold.
Hello Traders and Investors, today I will take a look at the Dow Jones.
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Explanation of my video analysis:
There is one major long term pattern which we have been looking at for a very long time - a rising channel formation. Just a couple of months ago the Dow Jones retested the lower support trendline and created a beautiful triangle breakout while...
(1) We have witnessed a sharp fall from 29,500 level in Feb’20. This was almost 38% fall from the top. Market had gone in a oversold zone.
(2) Around 18,300 level, price found a support and bounced back from this level.
(3) With an upside rally, price managed to breakout its previous resistance.
(4) After the breakout, we have seen a sharp upside rally further...
ID has printed a 1h sell signal. The price has retraced to sell signal candle and supply zone formed at this price. We should get a hard rejection off this area to the previous swing low/demand zone.
Hello Traders !
On Wednesday 20 March The US30 Broke The Resistance Level (39284.87 - 39080.39).
The Price Retreated To The Support Level and Failed To Break it !
The Lower High is Broken (ChoCh).
So, I Expect a Bullish Move 📈
TARGET: 39790.00🎯
An update from a previous Dow Jones chart. I will post a link to the previous as well. We are getting very close to the smaller inverse head and shoulders breakout target here. Always a chance it corrects before continuing up to the second larger inv h&s target but then again always a chance it just keeps going to reach the 2nd target without a correction...
- firstly i want to explain what is US30, you can google it :
- US30 is a stock market index designed to measure the performance of 30 large industrial companies based on the average stock price of the components "during a specified period".
- So basically...when u have a Top30, if one company fail, this company is replaced by number 31.
- it's same in football...
Here we have every major American indices in the world including the S&P-500, Dow Jones, Nasdaq, and the Russell 2000. This list excludes major foreign indices. For this idea, we have 2 boxes per indices. This is so we have room to include all schematics in the blueprint (chart). Let us define each indices and then we can talk about what makes each individual...
Hi Traders !
Yesterday, The Dow Jones Price Formed a Double TOP Pattern.
Currently, The Neckline is Broken !
So, I Expect a Bearish Move📉
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TARGET: 38355.00🎯
This hugely influential company should have been on the Dow 10 years ago. Listing as a component of the Dow Jones Industrial Average usually occurs when a company is about to enter a Market Saturation to Market Decline Phase. However, such is not the case with $NASDAQ:AMZN. It's quite the opposite.
Its fairly new CEO, who was the CEO of AWS, the division of AMZN...
Pair : DJI - Dow Jones Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement. Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. RSI - Divergence. Break of Structure.
Hello Everyone.
Forex market seems to be stuck in a mud and we seems to be in a highly manipulative environment. but soon market is going to be normal and we will have alot of setups forming but as of now i have a Dow jones YMH2024 March contract for short..
the Current model is 2022 Model as per inner circle trader concept which is my personal favorite and the...
US30
The main reason for all this gaining of DowJones is the positive fourth quarter Earnings of The companies, and also the IA companies,
So technically structure, looks like the strong correction and movement will be inside the parallel channel as long as trades under the resistance trend till 35670
but, otherwise stabilizing above the resistance trend which...
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.
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.
