INTC: Bullish Shark and Breaking Back Above The 200 Month SMAIntel has made a full reset down to the PCZ of a perfect Bullish Shark Harmonic on the Monthly Timeframe and it went below the 200 Month Moving Average to do so but it was short lived as price only a month later managed to get back above the 200SMA and close above it. I now believe that we could atleast see price test the 50% - 61.8% Retraces above but if the Dow reaches all time highs as i am somewhat leaning towards then we may see Intel make an even more surprising and extended move to the upside from here beyond the .618 retracement.
Dowjones
🔥 XAUUSD : There's a Chance that the price will Fall ! By examining gold in the 12-hour time frame, we can see that the price is trading in the range of $2035 and has taken on a downward trend. If the price manages to penetrate below $2031, we may see a further drop in gold! Its possible targets will be $2029, $2020 and $2004! The assumptions of the previous analysis are still valid! This analysis will be updated!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
DOW Elliott Wave Analysis for Friday 01/12/2023 (+ HTF)We made a new high in the DOW JONES and this has some implications. The wave ((2)) low could be in after a triple three correction or WXYXZ structure. This would mean that we are now working on an impulse. The upward structure is strong but so far we are only seeing three waves. Therefore, we cannot exclude the possibility that the upward move is corrective. As long as the upward move is corrective, it could be that we are still working on the wave ((2)) but as an expanded flat. If we start to turn down from the current area without making 5 waves up, we will favor the expanded flat scenario.
DOW JONES One final push before correction.Dow Jones / US30 made a new High on its November rally today.
This is all part of the bullish sequence from the bottom to the top of the 1 year Channel Up pattern.
The last blow off top rally that formed the July 27th High completed a +6.30% rise from the moment it tested and held the 1day MA50.
That would now be at 35960, above both Resistance A and B levels.
As a result there is still time for you to buy and target 35960 for quick profits.
Previous chart:
Follow us, like the idea and leave a comment below!!
The 1st and 2nd grade impulse pattern is being completedGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
Hellena | DJI (4H): Short to support area 34200.Dear colleagues, I decided to update the idea. In principle, there are practically no changes. I believe that the price may retrace the high of 35250 again, completing wave 5. Then I still expect the price to decline. The nearest target is the support area 34200.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
DOW JONES - Resistance Becomes Support 📈Hi Traders !
The US30 Price Broke The Resistance Level (34850.00 - 35096.70).
This Resistance Level Becomes a New Support Level.
Currently,
The Price Pull Back to Important Structure !
and Now it Will Continue its Bullish Movement !
------------
TARGET: 35450.00🎯
📉 #Dowjones : Waiting for a Correction ? (READ THE CAPTION)By checking the Dow Jones chart in the daily time frame, we can see that the price is trading in the range of 35320, and I think that after the strong growth that we have seen in the last month, it will finally be stopped to some extent! The range of 35400 to 35700 is an important supply zone and I think the price will be corrected after entering this RANGE! If this is confirmed, I will update this chart and talk about its possible targets in more detail! Everything is clear on the chart and those who know my technical and analytical methods can use it very much!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
DOW JONES Pull-back or Santa rally?It's more than 2 weeks since we looked into Dow Jones (DJI), giving a bullish rebound signal on the 1D MA50 (see chart below) that quickly hit its target:
The price is now significantly above the 0.786 Fibonacci retracement level, which is roughly where the previous bullish wave of March - April took a medium-term pause and pulled-back first to the 1D MA50 (blue trend-line) and then to the 1D MA200 (orange trend-line). The % rise so far though (+9.50%) is almost the same as April's (+9.03%).
With the 1D RSI however printing a sideways sequence on the 70.00 overbought mark, very similar to April's, it is worth attempting now a sell targeting the 1D MA50 and the 0.382 Fibonacci level at 34300. Since however we are very close to the (seasonaly bullish) Christmas period, if Resistance 1 (35700) breaks, we will take the loss on the short and instead buy towards the top of the 12 month Channel Up and target 36300, as part of the so called Santa's rally.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
S&P500 INDEX (SPY): Bullish Outlook
Update for S&P500.
We have spotted earlier a confirmed structure breakout.
The market is preparing to test the broken structure one more time.
4520 - 4543 is the area from where we will anticipate a bullish reaction.
Goal will be 4596
❤️Please, support my work with like, thank you!❤️
Dow Jones Index (US30): Bullish Outlook Explained
Dow Jones broke and closed above a key daily horizontal resistance.
We see a positive bullish reaction after its retest.
The index will most likely keep growing to the next key level.
Next resistance - 35470
❤️Please, support my work with like, thank you!❤️
DOW JONES showing a Bearish Divergence. Expect correction soon.Dow Jones is extending the rally since the October 27th bottom, which was a HL of the dominant Channel Up pattern. The 1D technical outlook is overbought (RSI = 71.474, MACD = 390.490, ADX = 67.776) but the difference maker on the technical field is the CCI metric. Being also overbought over 100.00, it is showing a Bearish Divergence, which was present on the last three short term corrections since the March 15th Channel Up HL.
Common characteristic on all three was that the High was formed halfway through the CCI Bearish Divergence and the correction that followed always hit the 1D MA50. Consequently, we expect a correction to start as soon as next week, that will target the 1D MA50, before the Christmas rally begins.
Currently the estimated pullback target is at 34,450.
See how our prior idea has worked:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
DOW Elliott Wave Analysis for Thursday 23/11/2023We are still working on the wave (2) as an ABC structure. The wave B is unfolding as an ABC pattern. As we came close to the wave (2) area and based on the NASDAQ and S&P 500 analyses, the alternative scenario calls for the end of wave (2) as a WXYXZ structure. Price action in the lower time frame will further guide us in these two scenarios. If we start to turn down from the current area, we will favor the bearish scenario in the higher time frame.
US30 HTF Analysis Nov 21st 2023It's been a while since I've done a US30 trades analysis & predictions but to get back into it we're gonna look from where I left off. Since August 2023 US30 has been in a steady downtrend till early October. This was a result of the FEDs not giving any clarity as to when rates would begin to decrease and other geo-political impacts. We then began to see some exhaustion on higher timeframes approaching previous lows of 33000. Feds then began holding rates steady, appealing to smart money and letting us know that rates may potentially decrease in the near future. Evidently, as a result of this and geo-political tensions between Israel and Palestine, since late October, we began to see buyers flooding into the market after a double-bottom rejection of key level 33000 on higher time frames. Price is now sitting just above key level 35000 and slightly under the previous highs of 35000. This indicates to us that we could begin to see this bull run slow down and potential sells but not before either a rejection of 35500 or a break below 35000. Otherwise, we can continue to look for buys to previous All-Time-Highs if we break and begin trading above 35500.
DOW JONES 💸 DOW JONES 💸
Chart : 1Hour
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
•Market is overall bullish , let’s see if our 1H demand area holds & is respected . For possible Longs positions taken if the SWING LOW is not Broken , Targeting 35100 .
Scenario 2 :
• If we do get a break BELOW our swing low , we could look for possible Short positions in the market . Anticipating price to fill the imbalance in the market . Target being 34400.
Dow Jones Index (US30): Top-Down Analysis & Trading Plan
Dow Jones Index is consolidating on a key daily horizontal resistance.
Analysing an intraday price action, we can spot a horizontal range on a 4H.
I would suggest waiting for a breakout of the support of the range -
4H candle close below 34760 - as a solid bearish confirmation.
A bearish continuation will be expected at least to 34500 then.
Bullish violation of the resistance of the range will make the setup invalid.
❤️Please, support my work with like, thank you!❤️
Dow Jones broken into a BULL MARKET New All Time Highs comingReverse Cup and Handle has formed on Dow Jones...
This was also coinciding with the broken downtrend that took place early this month...
We are looking super bullish with great upside to come.
All Time Highs seem to be on the cards, and this could help other markets to flourish...
7>21>200
RSI>50
Target 37,242