Dow Jones is supported on its 1D MA50 but the Triangle pattern since December is keeping it neutral. This is evident both on the 4H (RSI = 45.787) as well as the 1D technicals (RSI = 50.080, MACD = 100.970, ADX = 28.781). As all candles, even the two instances that broke above, have closed inside the Triangle, we will go long or short when it breaks out and...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 33704.98, where the 38.2% Fibonacci line is. Stop loss will be at 32948.93, where the recent low is. Take profit will be at 34712.28, where the previous swing high is. Please be...
The Dow Jones Industrial Average (DJI) followed our previous call (almost) 3 weeks ago to perfection as after trading within the Triangle, it broke to the upside and hit the 34300 target: The strong rejection of this week simply validates the argument that we've made since November, that the blue zone will be a High Volatility region for Dow as it is a...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 33418.59, where the 50% Fibonacci line is. Stop loss will be at 32573.43, where the recent low is. Take profit will be at 34712.28, where the previous swing high is. Please be...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my buy entry at 33418.59, where the 23.6% Fibonacci line is. Stop loss will be at 32581.97, where the recent low is. Take profit will be at 34595.51, where the recent swing high is. Please be...
Dow Jones made some successive bottoms that seem higher than the previous It seems to be bullish , it penterated the resistance level at 33474 , Now it is the time to test this resistance again that converted into support . It is a short trade so keep the stop at 33800 . If you liked this idea boosta and follow > keep stop please
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 33418.59, where the 23.6% Fibonacci line is. Stop loss will be at 32581.97, where the recent low is. Take profit will be at 34595.51, where the recent swing high is. Please be advised that...
Dow Jones broke today the 33,460 - 33,500 Resistance Zone that was intact since December 22nd. At the moment it is attempting a test of the 4H MA200, the first since December 15th. Trading within a Channel Up and with 4H technicals bullish (RSI = 62.540, MACD = 15.660, ADX = 24.447) while the 1D MACD is about to make a Bullish Cross, we expect a strong bullish...
Looking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 33462.65, where the 38.2% Fibonacci line is to clear out the liquidity hotspot. Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23, where...
Looking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 33418.59, where the 38.2% Fibonacci line is to form a triple top retail formation. Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23,...
Looking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 33498.93, where the 38.2% Fibonacci line is to form a triple top retail formation . Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23,...
Looking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 33498.93, where the 38.2% Fibonacci line is. Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23, where the previous lows and liquidity...
Looking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 33418.59, where the previous low is. Stop loss will be at 33899.17, where the 61.8% Fibonacci line is. Take profit will be at 32485.23, where the 161.8% Fibonacci extension line is. Please...
Yes the Dow Jones Industrial Average Index (DJI) formed a Golden Cross on the 1D time-frame (1D MA50 (blue trend-line) crossing above the 1D MA200 (orange trend-line)) for the first time since August 05 2020 (!) with the price approaching today the 1D MA50, the closest it has been since October 24. Can this provide Support and save the day for Dow preventing it...
Looking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 33418.59, where the previous low is. Stop loss will be at 33899.17, where the 61.8% Fibonacci line is. Take profit will be at 32485.23, where the 161.8% Fibonacci extension line is. Please...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Price has tapped into my buy entry at 33987.06, where the 50% Fibonacci line is. Stop loss will be placed at 34595.51, where the 38.2% Fibonacci line and previous low are. Take profit will be at 35411.35, where the...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a possible buy entry at 33987.06, where the 50% Fibonacci line is. Stop loss will be placed at 34595.51, where the 38.2% Fibonacci line and previous low are. Take profit will be at 35411.35, where the...
Title: E-mini Dow Jones Futures ( YM1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 34707 Pivot: 34199 Support: 33675 Preferred case: Looking at the H4 chart, my overall bias for YM1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price...