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DOW Elliott Wave Analysis for Friday 15/09/2023 (+ Higher TF)For traders (lower timeframe): The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)). For investors (higher timeframe): In the higher timeframe, investors should wait for the completion of the abc pullback. The wave 2 area is a nice buying opportunity for investors.
OANDA:US30USD
by AndyCuckoo
DOW JONES Strong bullish leg within a Bullish Megaphone.Dow Jones (DJI) gave us a strong bottom buy signal 8 days ago (see chart below): On today's idea we look at the 1H time-frame, which offers a buy opportunity for quick 1-2 day profit as the index is on a strong bullish leg within a newly formed Bullish Megaphone. Based on the 1H RSI which turned overbought and the 1H MACD which just formed a Bearish Cross, this sequence resembles the August 28 - 31 fractal and we could be on a similar position as on August 30. That was the final consolidation before the bullish leg made its peak on Resistance 1 (35100). Due to the Bullish Megaphone, this time it can go a little higher, so today's buy position targets 35150. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
3
D-JONES, Gap Will Fill Soon, Possible Reversal Ahead!Hello Traders Investors And Community, welcome to this analysis where we are looking at the DOW JONES 4-hour timeframe perspectives, the upcoming decisive events in the structure, what we can expect after these events occurring and how possible outcomes can show up in the schedule. The DOW like other major indices recovered somewhat from the corona-breakdowns and lows seen this year where the SPX already made a new all-time-high the DOW is below it and although the indices recovered we should not ignore the fact that the rallies aren't necessarily fundamentally backed as many retailers rushed into the market smart-money staying outside and waiting on the sidelines, not to mention the divergence between real economy and stocks it is important that smart-money enters also where the question pops up if the breakdowns are already over or there is more to come, these facts also coming up in the technical picture of the DOW which is sending some interesting signals at the moment I detected how they possibly can play out over the next times. Looking at my chart you can watch there that the index is just about to fill its gap which it still has lain there at around the 29.000 level, this gap-fill will highly possible play out the next times and this is also confirming on the smaller timeframes as the index is forming a triangle formation, this highly possible gap-fill can be traded in the long-side with overall targets at the 29.000 level from where the next moves are significantly important. Normally what happens often after such gap-fills reaching the gap and filling it is that supply entered the market as orders get filled and traders take profit, this is what also can show up here making the gap-fill-range around 29.000 a possible short-entry-zone as it is marked in my chart, what is supporting this preliminary pull-back is the fact that the index also ending with a wave-count in this level. This pull-back-scenario will be confirmed when the rising grey trendline is broken with a decisive volatile move to the downside the targets at the blue range can be expected where a support-cluster is lying in which the price can stabilize and back-up. In this manner, thank you for watching, support for more market insight, all the best! Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
3
Dow Jones Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
SKILLING:US30Short
by ShahedZare
DOW JONES 1st 1W Bullish Cross since 2016. Can we see 42k next?Dow Jones (DJI) is forming this week the first MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross (when the former crosses above the latter) on the 1W time-frame since September 2016 (assuming January/ February 2021 was flat due to the COVIC flash crash). This on its own is a major long-term buy signal, especially since the 1W MA50 has been supporting since March. As you can see the 2022 - 2023 price action is very similar to the 2015 - 2016 sequence. Both fractals started on a Bear Cycle under Lower Highs, which bottomed after marginally breaking below the 1W MA200 (orange trend-line). The new Bull Cycle was confirmed after the price broke above the Lower Highs trend-line and turned it into a Support being formerly a Resistance. The 1W MA50/100 Bearish Cross signified the bottom. Notice how even the 1W RSI and 1W MACD fractals are identical with their respective Higher Lows. It appears that Dow is currently past the initial Channel Down and on the Circle pattern, which in 2016 was the final consolidation before a hyper aggressive rally that topped in January 2018. Before that top it reached the 1.5 and 1.786 Fibonacci extensions. We treat the current pull-back as the last opportunity to buy this upcoming rally while the price is still that low. Having relatively low expectations, we expect to see at least 42000 (1.5 Fibonacci) by the end of Q1 - start of Q2 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
8
DOW JONES, Short-Term-Gap Filled, This Levels Are Important Now!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at 4-hour timeframe of the major stock-market-index DOW JONES, what it is building up the last times, and what we can expect the next times. In a previous analysis, I gave a free signal for the index with the small-term-gap to be filled which now reached its targets fully and properly within the schedule, now this fact does not mean the index is completely bullish and will continue in this manner but it has some meaningful possibilities to do this when it manages to confirm given scenarios, there are some important levels and signals which I found which can affect the outcome substantially. As you can watch in my chart the index is trading in this important descending channel formation building a coherent upper boundary from its all-time-high to the previous highs established which it is currently testing to the upside, as the gap was filled and some supply entered the market the index is now consolidating between 26500 and 27000 which is overall a good sign that the index still holds this level. Furthermore, it has some decent support between the 26350 and 26500 levels which is marked in orange and building the lower range support below this level the index has also lower range support between 24700 and 24900 where it can bounce given within a solid likelihood. Now given these results we can come to the conclusion that the index has two possible scenarios to play out before it confirms the upper gap to be filled. The first scenario will play out when the index holds the current level and manages to move above the falling resistance to confirm above it therefore it is from high importance that the index does this with a decisive high volatile move, the other scenario is that the index firstly falls below the support in the range and confirms the overall lower support before it climbs up and sets up to fill the gap. As there is still some solid support in the range of the first scenario, scenario A is more possible within a given possibility of 65 % and scenario B with 35 %. This technical situation of the index does not alter the whole dynamic of the stock market which is currently trading in a speculative movement where many retailers enter the market while smart-money staying on the side-line. This can go some time but sooner or later the differences between the real economy and stock-market will be to be that either an adaptation of the two factors occurs or a shift into the bearish perspective again which can increase to the downside as there are many retailers in the market since the corona-breakdowns seen this year. The bullish short-to-middle-term perspective does not alter this fact therefore it should definitely not be kept aside, it will be highly interesting how this dynamic will develop. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Even though fortune's destiny seems obscure in the present, it is actually beginning right now. Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
6
D-JONES, It Will Be An Huge Historical Test In Stock-History!Hello Traders Investors And Community, welcome to this analysis about the recent events, the current price-formation-structure and what we can expect the next times in one of the major leading stock-indices worldwide and one of the oldest participants in stock-markets the DOW JONES INDUSTRIAL AVERAGE, after we have seen the huge corona-crisis-breakdown which hit all global markets heavily we see a slowly moving uptrend right now, the big question which we have to ask our selves at the moment is if this uptrend is a stabile uptrend which will continue on a solid foundation or if it is just a huge bull-trap selling the shares to smart money on higher prices. As there are not only fundamental but also technical signals which I detected and which play an important role in the further outcome of the market we are looking at the 4-hour local timeframe. When considering an index which builds the stock-market we have to also compare it with the current real economic situation and the things going on worldwide, and this situation is in fact a high volatile right now as the real economy is still damaged from the corona-crisis which has caused big failures due to lockdowns and the conservatism of the investors in this time. Also, we have massive protests going on worldwide which hasn't been seen since many 10th of years in that a mass-fashion. So taking all these factors together we can examine a divergence in the real economy and the stock market which shouldn't be the case because it is unnatural for the market and when it goes on for longer it has a big speculative impact on the market because the real economy isn't growing but the stock-market due to massive money printing from central banks, therefore, these two should build the same line together to provide a possibility for prosperity. Technically speaking we see the index currently approaching a historical resistance level which is also the all-time-high-level you can see marked in my chart in red, when we approach this level firstly we can expect an pull-back because it is still a strong resistance level when this happened there are basically two possible scenarios which can play out within the index, once it is a second test of the resistance level where the price can succeed and make a new all-time-high to continue further and the second case will be that we break the current uptrend line you can see in my chart marked in grey to the downside which will cause bearish pressure and a test of the neckline of the inverted head and shoulder formation. When considering the bullish case it is important to keep in mind that the breakout needs to confirm with high volatility and sustainable price-action otherwise it can be a bull trap factly till the head and shoulders formation target confirmed. It has to be noted that when we confirm a new high and advance further this will be a highly speculative rally as the real economy and the stock-market are still in divergence together firstly when these both run together we can get a healthy market environment. When considering the bearish side we can get bearish pressure after the uptrend line crossed to the downside, from that point it is possible for the index to test the neckline of the head and shoulder formation from where we can form a reversal and advance further but it can also turn out to come more bearish pressure to the downside which can invalidate the head and shoulder formation, therefore when we cross the 22690 mark to the downside this will get a definite bearish breakdown and need to be kept in the schedule for further considerations. At all the test of the resistance will be the critical factor in the further continuation of the index. In this manner, thank you everybody for watching, support for more market insight and all the best! There are many roads to prosperity in the modern economy, but one must be contemplated. Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
6
DOW Elliott Wave Analysis for Monday 11/09/2023 (+ Higher TF)For traders (lower timeframe): The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)). For investors (higher timeframe): In the higher timeframe, investors should wait for the completion of the abc pullback. The wave 2 area is a nice buying opportunity for investors.
OANDA:US30USD
by AndyCuckoo