Dow Jones (DJI) | Small correction♻️Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count, the main waves 1, 2 and 3 of this process have ended and now we are inside wave 4.
Wave 2 is the main correction shallow and short, so wave 4 is deep and long in terms of price or time.
Given the structure that has been formed so far, it is more likely to be time-consuming.
Its current structure is similar to a flat, a flat that has no relation and is formed without any rules
And we still assume that this correction has either continued in the form of a triangle or in a complex way, and now we have to wait for the ascent for the d or x wave.
If Fibo 0.23 is broken, price correction should be considered for the trend.
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Djianalysis
Dow Jones (DJI) | Small correction♻️Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count, the main waves 1, 2 and 3 of this process have ended and now we are inside wave 4.
Wave 2 has had a shallow and short correction, and accordingly, Wave 4 becomes deep and long in terms of price or time.
Given the structure that has been formed so far, it is more likely to be time-consuming.
Its current structure is similar to a flat, a flat that has no relation and is formed without any rules
And we still assume that this correction has either continued in the form of a triangle or in a complex way, and now we have to wait for the ascent for the d or x wave.
If Fibo 0.23 is broken, price correction should be considered for the trend.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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Dow Jones: Superman to the Rescue! 🦸As we all clearly feel these days, the markets are knee-deep in a phase of correction. We know, this can be alarming, but never fear! There is hope for rescue! It’s a bird! It’s a plane! It’s Superman! Like Superman rushes down to catch his crush Lois Lane in free fall, Dow Jones has rushed down into the orange-colored zone between 33518 and 32614 points. And just like Superman caught Lois Lane before she hit the ground, we expect Super Jones to end wave C in green within the orange-colored zone and before hitting 32500 points. The index should then fly up again, his red cape fluttering behind, and aim for 35221 points. From there, its superpower should be strong enough to shoot it to 36446 points and higher.
Dow Jones (DJI) | Two points to start the correction📍Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
This index has almost the same form and structure due to the convergence with the spx index in the count.
In this structure, the main 1 and 2 waves are formed and the 3 main waves have completed their 1, 2, 3 and 4 microwaves and are now inside the 5th wave.
Wave 5 will probably form a triangle, and from this triangle, wave 4 at the end of its trend and wave 5, to create a balanced ratio for the main wave 3, may end on Fibo 1.618, and then the main wave 4 will start its correction.
Breaking the red circle is required to confirm this correction.
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Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In this index, only the main 1 and 2 waves are formed and from the 3rd wave, the 1, 2, 3 and 4 microwaves have ended and are now inside the 5th wave.
Wave 4 of wave 3 consists of three waves, two of which are formed before breaking the trend line, one wave breaks the trend line, and wave 4 ends after breaking the trend line.
We suggest that wave 5 ends near Fibo 1.618 before the trend line or by hitting the trend line and then breaking the red circle to form a descent for the main wave 4.
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Dow Jones Industrial Average Index (DJI) Analysis 05/03/2021as we can the there is a bearish divergence between Price and MACD, which is the sign of trend reversal and we can predict the 61.8% of Fibonacci retracement as one of our TPs
so soon we shall face an other recession
how big this time. we shall see.
if 61.8% Fibonacci retracement stands then we may go for a bullish rally and if not and braked down then a huge recession and history will be repeated again...
US30, will price re-test Last Point of Supply?Did you have plan for US30 ?
Here's Wyckoff analysis for US30 today.
These are the prices that we need to pay attention to.
We'd like to see price re-test Last Point of Supply
Let's wait and see how the price reacts at these levels and plan accordingly.
If you find the article useful or interesting,
Let's comment below !
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🔰 Attention about this US30 trading idea
This is my personal idea and analysis only.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that has been done. The main waves 1 and 2 are complete.
As we said in the previous analysis, it is possible that the main wave 3 is not over and we are in the wave 4 of the 3rd wave.
From wave 3, wave 2 was not normal and this wave can be shorter in time and the rest of the waves are part of wave 3.
But for now, this is how we consider it.
From wave 3, microwave 5 forms its ascent and it is probable that it will climb to Fibo 1.618 and then wave 4 will form long and deep.
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Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The wave count we did did not have a natural form and was based only on the slope of the waves
In this count, waves 1 and 2 are perfect in our opinion.
But we can not be sure of the end of wave 3 and we can guess that inside wave 4 of wave 3 can also be.
Anyway, we'd rather count Wave 3 over, and now we're waiting for Wave 4 to form.
Wave 4 will be deep and time consuming according to Wave 2, and the minimum Fibonacci correction is 0.38.
To confirm the formation of this failure wave, the support marked with a purple dot is necessary.
And if the previous peak is broken upwards, this wave count is the field.
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Dow Jones: Industrial but not average!It is currently not really easy for the Dow Jones. The bears are bothering the course. However, we expect the course to rise again and surge past the resistance at 36446 points. If the course falls below 33928 points, we will see another round of corrections.
Got all your gifts already?
Dow30- Could yesterday's bearish engulfing announce a drop?From the beginning of 2021, Dow Index has risen around 20% from the bottom to the top, which is phenomenal.
However, looking closely at price development, since 10 May (yellow line) the rise counts only 5%, and since mid-August's top( green line), ONLY 3%.
This for me is a clear indication that the bulls are very tired and in need of a correction.
After the recent ATH, Dow dropped hard and has started to recover at the beginning of December.
Yesterday's strong bearish engulfing can be the signal for the bears and price can drop again to recent bottom, now support.
A new ATH would negate this scenario
Dow Jones DJIA Dow Jones #DJI is bouncing of the 200 DMA after Doji reversal candle.
Exit or reduce short positions!
Disclaimer!
I´m not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Dow Jones (DJIA) | Best point for sellHello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count made in this index, waves 1, 2 and 3 are formed and are now at the beginning of wave 4.
Depending on the shape of wave 2, wave 4 will probably move deep, at least to 0.5 fibo, and will lengthen over time, and it can be said that wave 4 will be a flat.
The first movement of the flat to the pink line is formed after the confirmation and failure of the red circle.
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Dow30 and where to sellSince May, Dow is topping, and yes, if you would have bought deeps in support you would have made money, but the overall structure is a topping one.
Looking at the increase in price, from 35000 to 36500 there is only 4% rise over 7 months, and also is clear that over 35k the index was sold.
Also, although I'm not usually anticipating a pattern, if Dow reverses from my sell zone, we will also have a nice H&S.
Anyway, I will look to sell this rally that we are in now and the ideal point would be around 35.5k
Only a new ATH would put a pause in my bearish outlook
DOW JONES OVERSOLD- BUY 34500 TP 35500 one monthBroad market rally are coming soon with EURO rebound confirmed and USD index starts to weakened.
STOCK MARKET are pretty CHEAP right now so its time to get back into the market.
OIL PRICE ALSO looking to rebound anytime soon.
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This is my own opinion and not Financial Advice,
Do your own Research.
Ex. Bond Dealer