Hello my fellow traders and news people, I would like to show you this because it is a nice bit of information and can be quite revealing; it can help us connect many dots.
The DJI is poised to produce a correction based on normal cyclic market action.
Based on the classic fluctuations wee see of prices moving up and down, like the waves in the sea.
Today we can...
Hello Traders and Investors, today I will take a look at the Dow Jones .
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Explanation of my video analysis:
For more than a decade, the Dow Jones has been trading in a rising channel formation. We had the first retest of support and resistance back in 2011 and ever since this was a massively profitable channel pattern. With the recent breakout above...
🟢The Dow Jones Index has recently begun its ascent towards its historical highs again, after reaching a new peak and undergoing a brief correction. It seems poised to surpass this level once more.
🟢Analysis Highlights:
🔸Combining Fibonacci extensions and Elliott Wave theory, the ultimate target for the current leading wave is pegged at the historical ceiling of...
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📈🐂 Breaking News! 🐂📈
🚀 DOW JONES SOARS to New Heights! 🚀
The bulls are on an unstoppable rampage, smashing through key resistance levels like a hot knife through butter! 🔥💪 This week witnessed an impressive breakout, with the DOW JONES surging past another significant barrier with sheer bullish force. 📈💥
✨ What's Next? ✨
With the bulls clearly flexing their...
INTRADAY FURTHER ADVANCE
US 30 may rise 249.00 - 479.00USD
Our Preference
Long Postion above39850 with Targets at 40230 & 40460 in extension
40700.0 Resistance
40460.0 Resistance
40230.0 Resistance
39981.0 Last
39850.0 Pivot
39850.0 Support..
39630.0 Support..
39380.0 Support..
Comment
The Next Resistance are at 40230 and then at...
🚀 US30 (Dow Jones) Breakout Alert 🚀
Hello Traders,
Exciting news on the US30 (Dow Jones) front! The index has successfully broken through the key resistance level around 39,990 and is currently trading at 40,023.9. 📈🎉
Key Points:
- Resistance Breakout: The price has moved past the crucial resistance level, indicating a potential bullish continuation. 🚀
- Body...
Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over.
I assume that the correction is now in priority, so 2 variants of events are possible:
1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67;
2) The correction will start soon without a new high, but in this case we will have...
Hey Traders, in tomorrow's trading session, we're eyeing a potential buying opportunity on the US30 around the 39730 zone. The US30 is currently amidst an uptrend but undergoing a corrective phase, nearing the crucial support and resistance area at 39730. The Dow Jones Industrial Average and the US Dollar Index typically exhibit a negative correlation due to...
The Market has been trending and Dax has been a relative strength leader
Daily: Formation of 1-2 RTM set Up
Lows Rejected and expecting Continuation in the afternoon as its currently Lagging Indices
Buys at the current Support
It is expected that the current upward trend will end at the resistance levels and we will see the beginning of the corrective trend.
Otherwise, the movement process will continue according to the blue color path
Here is our detailed technical review for US30.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 39495.19.
Taking into consideration the structure & trend analysis, I believe that the market will reach 39599.16 level soon.
P.S
Overbought describes a period...
The Dow Jones has recently captured liquidity above the previous high, as indicated by the sharp move and subsequent rejection from the highlighted resistance zone.
This failure to consolidate above the resistance suggests that the bullish momentum has temporarily exhausted, and we could see a retracement.
The price is likely to pull back to the green support...
Do not forget, traders, that tomorrow we are expecting FOMC.
Ahead of these fundamentals, US30 started to consolidate
within a narrow intraday range on a 4H time frame.
I will wait for its bullish breakout for a strong bullish confirmation.
4H candle close above that will confirm the violation.
A bullish continuation will be expected then.
❤️Please, support...
The DJIA (US30) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 39,598.96 which is a pullback support.
Stop loss is at 39,250.00 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement level.
Take profit is at 40,045.66 which is a pullback resistance at the...
