The overall bias for DJI on the H4 chart is bearish. However, given that the most recent CPI data was stronger than projected, we might anticipate a medium-term bullish market. Look for a buy entry at 29997.62, which corresponds to the market gap and the 23.6% Fibonacci line. To avoid missing out on trades, entry will be at the peak of the market gap. The take...
On the H4 chart, the overall bias for DJI is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. Looking for a retracement buy entry at 29997.62 where the 23.6% Fibonacci line is located. Stop loss will be set at 28473.45. Take profit will be at 31965.98 where the 50% and 61.8% Fibonacci line is located....
It was just 10 days ago when we made a case for a medium-term buy on the Dow Jones index (DJI), against popular belief, as we had early signs that the index made a June 17 type bottom and was about to repeat the June-Aug rebound: Our view has been confirmed so far and following the 1D RSI break above the Lower Highs and the 1D MACD Bullish Cross, the price...
On the H4 chart, the overall bias for DJI is bearish. However, with the recent CPI data released being better than expected, we can expect a medium-term bullish market. Looking for a buy entry at 29997.62 where the market gap is. Entry will be at the top of the market gap to prevent missing out on trades. Take profit will be at 34281.36 where the 61.8% and 50%...
The current overall bias for DJI is bearish, according to the H4 chart. However, given the CPI figure exceeded expectations, the short-term trend is expected to be optimistic. Looking for a buy entry retracement at 29997.62, which includes the market gap and the 23.6% Fibonacci line. Entry will be at the peak of the market gap to avoid missing out on the trade....
Some key dates of WW2 in 1939 overlaid with the Dow Jones Industrial Average. Part II (1940) coming soon
On the H4 chart, the overall bias for DJI is bearish. Looking for a sell entry at 31981.14 where the market gap is alongside with the 50% and 61.8% Fibonacci line. Stop loss will be at 33364.70, slightly above where the 78.6% Fibonacci line is. Take profit will be at 27215.49 where the -27.2% Fibonacci expansion line and 161.8% Fibonacci extension line is. Please...
According to the H4 chart, the current overall bias for DJI is bearish. However, because the CPI figure came in higher than projected, the short-term trend is expected to be positive bullish. Looking for a buy entry retracement at 29997.62, which comprises the 23.6% Fibonacci line and the market gap. To avoid missing out on the trade, entry will be at the peak of...
The current overall bias for DJI is bearish, according to the H4 chart. However, because the CPI report was better than predicted, the short term trend is expected to be optimistic. Looking for a retracement buy entry at 29997.62, which contains the 23.6% Fibonacci line and the market gap Entry will be at the top of the market gap to prevent missing out on the...
On the H4 chart the overall bias for DJI is bearish. Looking for a potential retracement sell entry at 12906.26 where the 23.6% and 50% Fibonacci lines are. Stop loss will be at 13564.83, slightly above where the 61.8% Fibonacci line is. Take profit will be at 11862.84 where the previous low and 0% Fibonacci line is. Please be advised that the information...
The current overall bias for DJI is bearish, according to the H4 chart. However, because the CPI report was better than predicted, the short term trend is expected to be optimistic. Looking for a retracement buy entry at 2906.42, which contains the 23.6% Fibonacci line and the -61.8% expansion line. Stop loss will be at 28522.60, which is somewhat lower than the...
The overall bias for DJI on the H4 chart is bearish. In addition, the price is below the Ichimoku cloud, indicating a bearish market. Look for an immediate sell entry at 30033.46, which is the 23.6% Fibonacci line. The stop loss will be set at 30840.50, which is the 382% Fibonacci line. The take profit point will be at 27215.49, which is the -27.2% Fibonacci...
On the H4 chart, the overall bias on DJI is on the bearish side with the price underneath the Ichimoku cloud, adding confluence to the bearish bias. However, the US CPI data release was better than expected so we can expect a short-term bullish momentum. Looking for a retracement buy entry at 29050.53 where the -61.8% Fibonacci expansion line and 23.6% Fibonacci...
On the H4 chart, the overall bias for DJI is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Overnight, price has continued to consolidate around the 29650 area where the previous swing low is located. Looking for a sell entry at 30033.46 where the 23.6% Fibonacci line is located. There is a market gap near...
The current overall bias for DJI is bearish, according to the H4 chart. To add to this bias, the price is currently below the Ichimoku cloud, indicating a bearish market. To add to the confluence of this sell entry, there is a market gap at 29672.85 close to the sell entry that appears to be fillable. To avoid missing out on this probable trade, the entry is...
The general bias for DJI on the H4 chart is bearish . To add to this bias, the price is below the Ichimoku cloud , indicating a bearish market. Looking for a retracement sell entry at the market gap of 29672.85. To avoid missing out on trades, the sell entry is positioned at the very beginning of the market gap rather than at the top. Stop loss will be at...
Looking at the H4 chart, the current overall bias for DJI is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. To add confluence to this sell entry, there is a market gap at 29672.85 near the sell entry that looks good to be filled. The entry is placed at the bottom of the market gap to...
The general bias for DJI on the H4 chart is bearish. To add to this bias, the price is below the Ichimoku cloud, indicating a bearish market. Looking for a retracement sell entry at the market gap of 29672.85. To avoid missing out on trades, the sell entry is positioned at the very beginning of the market gap rather than at the top. Stop loss will be at 30454.46,...