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Dowjonesanalysis

next week crucial for Dow jonesIf we see Dow Jones, 50 WMA support around 33000 and is trading above previous resistance of 33200. It'll act as crucial support and levels for next few weeks & for the next month. Doji is in making for the week, which is acting as clear indecisiveness. absolute buying interest will be above 34000 levels we can see clearly, otherwise sell on rise as the pattern (we are seeing in past has formed), around 29700 is visible as next support that is 200 WMA. Nasdaq has to play crucial role, if it move towards 13000 we will definitely enjoy new highs in Nifty as well. RSI has acted positively with RSI bullish divergence forming near lows. Watch out for it.
TVC:DJI
by Jrkautilya9
Dow Jones Weekly Volatility Forecast 7-11 November 2022Dow Jones Weekly Volatility Forecast 7-11 November 2022 We can see that this week our volatility is at 3.25% which declined from 3.45% last week. Currently according to ATR we are on 55th percentile, and according to VXD we are on 30th percentile, indicating in both cases, that we are currently is a stable market. Now, based on the implied volatility data that we have for this week, lets look into further details. We can see that currently there is 20.7% chance, that our candle is going to close at the end of the week either above/below the next channel TOP: 33385 BOT: 31160 This can also be translated as a 79.3% chance that the market is going to move within this established range. At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a 35% chance that we are going to touch the previous high of 33100 70% chance that we are going to touch the previous low of 31700
CBOT_MINI:YM1!
by exlux
US30 Weekly Analysis 7/11/2022 to 11/11/2022Price currently moving in an uptrend in LTF while making another swing inside a HTF Downtrend channel. And the price aslo has a resistance at 33039 & support at 31846. now if price closes below the support, then it would make a breakout of the uptrend & price might continue pushing down for another swing low respecting the HTF downtrend channel to come down to the next key levels at 31110 or 30447. However if we see price closing above the resistance, then it could make a breakout of the HTF downtrend channel to continue pushing up to retest the next major resistance at 34200.
U
by mightybullcapital
Down Goes The Dow Jones Industrial Average Index (DJI)Today you can review the technical analysis idea on a 1M linear scale chart for the Dow Jones Industrial Average Index (DJI). In the chart, I added in the Keltner Channel (KC), RSI and MACD as well as review the Great Recession history to get an idea of where the DJI is headed. It seems that the DJI has been moving up an ARC with a possibility to come down and touch it again. It is currently inside a descending channel with the DJI about to touch the median line of the Keltner Channel. Based on the KC median line history, there may be a strong chance DJI price gets rejected. If DJI price falls as much as it did during the Great Recession, it could come down to the $18K level where there is strong support. The RSI and MACD could support that type of drop as both of them are no where near the oversold region. If the DJI price goes above the KC median line, there is a stronger chance to see the price go to $33K-$34K. This is presented on the monthly chart so please have patience. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
TVC:DJI
by MillionaireEconomics
9
US30 3/11/2022the price after strong bearish run and a HTF bearish engulfing candle close, formed a small structure with some ranging on small TF by facing support at 32041 & resistance at 32234. Now if price makes a break & closes below the recent support in atleast 30m-1hr TF then price might continue its bearish run towards next support at 31719 or all the way to 31193. However if we see price closing above the recent resistance, then it might continue pushing up towards the HTF Resistance at 32371.
UShort
by mightybullcapital
US30 2/11/2022Price after a retest on HTF resistance, its currently on the pre stage of forming a build up or ranging phase. So wait for the price create more highs & lows forming a proper support and resistance in that ranging phase. After such structure is formed, then we can look for trades on the breakout of such structure anticipating if price could continue moving bullish in that uptred or make a breakout of that uptrend to continue pushing bearish on a higher timeframe point of view.
U
by mightybullcapital
US30 28/10/2022The price currently moving in an uptrend channel while its also facing support at 31851 & resistance at 32125. Now a breakout of the support could mean a breakout of the uptrend channel. so if price continue to respect the resistance & closes below the support on a 30m TF atleast, then it could continue pushing down to the next support zone at 31612. Similarly if price respects the support & closes above the resistance then it could continue pushing up to the previous high at 32307.
U
by mightybullcapital
US30 (HIGH PROBABILITY SELL SETUP SOON) Here is a new update from our previous post on (US30 High Probability Sell Setup) on Friday Oct 20 / 2022, which didn't take place on that day or yesterday as investors this week remain laser focused on earnings from the biggest technology companies for further clues into the health of the U.S. economy, with the CB Consumer Confidence Index is released today at 3:00 pm (+01:00,BST), while the Dow Jones Industrial Average (US30) is struggling for a certain direction since yesterday, but here we can see clearly in our H1 time frame a clear divergence from the actual price action on the chart, we still got our EP (blue line) & our TP (golden line) from our previous post on October 20 / 2022, Keep a close eye on US30 today, Happy pip hunting traders.
FX:US30Short
by FX-PIPHUNTER
Dow Jones ( DJI ) Next MoveDOW JONES INDUSTRAIL AVERAGE ( DJI ) Time Frame - H1 We have ELLIOT IMPULSIVE WAVE ( Bearish ) in Long Time Frame #LTF Completed " 123 " Wave and Forming " 4th " Impulsive wave will Reject from Fibonacci Level ( 50% - 61.80% ) BULLISH CHANNEL Pattern in Short Time Frame #STF need Rejection from the Upper Trend Line #UTL ELLIOT TRIPLE WAVE COMBO in Short Time Frame #STF and completed the " Y " Wave Sell After Rejection from the Demand Zone ( 31908 - 32176 )
TVC:DJI
by ForexDetective
3
Dow Jones Analyze( Road Map/Scenarios)!!!🗺️Dow Jones Industrial Average Index technical analysis (DJI) moved as I expected it 👇✅. DJI was pushed back from the resistance zone & SMA 20 (monthly TF) as I expected. Now, we have Two Scenarios here: Scenario 1: DJI will make the Expanding Leading Diagonal. Scenario 2: DJI has passed the corrective waves by Double Zigzag Correction, and We have to wait for breaking the Resistance Zone by DJI (Low Possible). ❗️ Note ❗️: If DJI touches 31885$ , we can verify the first scenario. Dow Jones Analyze (DJIUSD), Timeframe Daily⏰( Log Scale ) 🔴Resistance zone: 33700$ until 33260$ 🟢Heavy Support Zone: 31260$ until 29680$ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DJI
by pejman_zwin
8
US30 20/10/2022US30 currently ranging in between 30793 as its resistance & 30266 as its support while also retesting a HTF downtrendline. Now a breakout of the ranging Phase might determine whether US30 will continue moving down in respect to the downtrendline or make a breakout of the trendline to continue pushing up. So if the price makes a break & close below the Support zone of the ranging phase, atleast on 1HR TF, then we can start to look for trades on the short side in short TF like 15 to 30 MIN TF in hopes of price continue to push down in respect to the downtrendline to retest the next support level at 29620. However if price respects the support of the ranging phase & closes above the resistance, then it would be a breakout of the downtrendline & we can look for trades on the long side expecting price to continue pushing up all the way to retest the next HTF key zone at 31660.
U
by mightybullcapital
Dow Jones: Bar ExercisesOur athletic Dow Jones! After it has hopped from line to line, all the while finishing not only the overarching downwards movement in the course of wave iv in magenta but also waves (i) and (ii) in blue, the index has continued its fitness training with some bar exercises at the resistance line at 30513 points. We expect it to upswing from this mark, rising into the blue zone between 32567 and 33685 points to complete wave (iii) in blue, before starting a countermovement. However, there is a 45% chance that Dow Jones could lose its grip and drop below the support at 29640 points, thus triggering further descent below the next mark at 28635 points.
CBOT_MINI:YM1!
by MarketIntel
US30 breaks range as buyers continue to pushHi, and welcome to today's update. Focus today on the US30 as buyers continue to push the case for a new up leg. In today's video, we run over price action that proceeded the move and the battle we watched last Friday and yesterday as traders tried to hold and move passed 30,000. The break above resistance in today's Asian session is a great sign, and we want to see buyers hold this move or continue it to confirm today's move. If buyers can continue to push the market higher, we would like to see new higher highs and higher lows that show bullish control. If we see a fade in today's NY session that closes back below 30,300 or 30,000, this would be a worrying sign that we could see the range continue. Buying has been broad so far today in the out of hours, with the SPX500 and NDX100 seeing solid gains. This is a good sign that buying interest is firm and wide across the indexes. Let's see if buyers can carry momentum forward into today's NY session. We like to hear from you, so please feel free to drop us a comment. We also run weekly webinars with guest analysts.
EIGHTCAP:US30Long
by Eightcap