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Dowjonesanalysis

Dow Jones: Move Yourself!Move yourself! You always live your life, Never thinking of the future. Prove yourself! You are the move you make, Take your chances, win or loser. See yourself! You are the steps you take, You and you, and that's the only way. Shake, shake yourself! You're every move you make, So the story goes… Dow Jones should listen closely to “Owner of a Lonely Heart” by Yes as the text of the first stanza is indeed in accordance with what we would encourage the index to do. After it has been given the brush-off by the resistance at 34038 points, Dow Jones has retreated deeply into the green zone between 33724 and 32519 points, even touching the white zone between 32389 and 32241 points below it to finish wave (C) in white. Now, the index should brace up and move upwards, striding across the green zone and climbing above the resistance at 34038 points. However, there is a 45% chance that Dow Jones could fail to pick itself up and could drop below the support at 32167 instead.
CBOT_MINI:YM1!
by MarketIntel
1
#Dowjones violated the broadening wedge/I expect growthUS30 (Dow Jones) broke above the descending broadening wedge that I discussed in my previous idea. I anticipate a growth but before that we should watch out for a solid retest to the violated wedge. There's a possibility that the market can drop a little bit more before rising. So we should be cautious. I will wait for further bullish signs for long entries. With first target at 35455. PREVIOUS IDEA I have also included the links below to my other ideas. Please do consider checking this out. Do support these ideas with likes if you find them helpful. Do follow so you will get notified whenever I post new ideas and updates.
ULong
by Forexintelligence_NA
Dow can drop another 10%Like all stock indices, also Dow is not "feeling well", with the index starting the year badly and now trading again near support. The recovery attempt started in March failed hard in the 35k zone and the selling power become very clear 2 weeks ago with a red candle that engulfs one month of trading. As I said, Dow is trading near support now and I expect a breakdown My target for this index is the 30k zone. Sell rallies is, in my opinion, a very good strategy and I will be bullish only if the price pass above 35k
EASYMARKETS:DOWUSDShort
by Mihai_Iacob
5
Dow Jones: EnsnaredRemember the Devil’s Snare in “Harry Potter”? It is one of the obstacles Harry, Ron and Hermione have to overcome to get to the Philosopher’s Stone. Quite similarly, Dow Jones is ensnared by the green zone between 33790 and 32534 points, which it has entered already for the second time. We expect it to advance a bit deeper still to finish wave (5) in white, wave c in turquoise and wave 2 in green. After it has managed this task, the index should rise out of the green zone and above the mark at 34038 points. There, it should gain enough upwards momentum to cross the resistance at 35413 points as well. To confirm this scenario, though, Dow Jones must not fall through the bottom of the green zone and drop below the support at 32167. However, there is a 40% chance that this alternative scenario could come into play.
CBOT_MINI:YM1!
by MarketIntel
DJI - LongThe Dow is going to go up, on the weekly chart, there were two tests that the market performed to gather information as to which way to take the market. Test T1 tested the market for 4 weeks (1 month) to see if the market should go lower, the target test price point for T1 was answering the question, "should we take DJI to 100wk MA", the market sentiment answer was no, this was the purpose of T1. Once this was answered, the market took DJI to the 50wk MA, now the question is should we go above the 50wk or dump the stock, essentially use the rise to dump stock and then proceed quickly (probably 1 week) to the 100wk MA for testing. The testing of the 20wk and 50wk has been done for 3 weeks now, and what is being answered by T2 is the question, "Does the market want to take the DJI above the 20wk and 50wk or does the market want to do a dump at this price reference?" To answer this question look at the 4 hour DJI trading chart (not shown), what you will see on the 4 hour is a healthy trading pattern of support, between the 20hr4, 50hr4 and 100hr4 (hr4 = 4hour chart). IMO the market will go up, the next key test will be the breaking of 35824 for the DJI, if the DJI doesn't break 35824 then there is going to be a retest of the low of T1, if the market breakes 35824, then the market is going to test 36592, the high of the DJI last year. In no way should you think we are on a another big leg up on the DJI, at each price point mentioned above, if it isn't broken the Dow will move down pretty quickly to the T1 test area. If 36592 is broken (to the upside), whether you like it or not and it will not depend on all the fundamental news you have been reading of the "crumbling financial foundation of the market and inverted yield curve", the market is going to go up and it is likely to go up viciously, at least until the next price testing point is reached.
TVC:DJILong
by trader999999
Dow Jones: Spring Feelings 🌿After finishing wave in turquoise, the Dow Jones was moving back down to complete the low of wave in our turquoise box between 34643 and 33930 points. In the upper half of this zone, the index already turned back up and is currently ranging between the turquoise box and the next resistance level at 35281 points. There is a possibility that the Dow will dip into the turquoise box once again to reach its ideal target for the turquoise wave in the middle of the zone. Regardless whether this wave has already ended, or the index returns into the turquoise box, either way afterwards we expect the course to continue the overarching upward movement. The first stop on the way to new all-time highs is the resistance at 35281 points that needs to be cleared.
CBOT_MINI:YM1!Long
by MarketIntel
US30❕ ( DOW JONES 3H Analysis ) - Bullish Continuation 🔔🔔🔔Hello Traders! Dow Jones index for 3H Analysis show us some Price range between two white rectangle, and that what will the price continue on it until break the resistance area. The Price will going to make a pull back and that's mean is the perfect time to buy at the previous resistance level (Current Support) presented by the lower black rectangle between $34080 - $34180. On the weekly time frame we have a previous bullish engulfing candle, in this week also the candle show us that is the buyers still in control that what assures us of a bullish continuation for US30 next week. -------------------------------------------------------- Trade Idea for US30 ( Dow Jones ) : - Wait for a pullback movement at the Black support rectangle then buy - TP1 AT $34870 - TP2 AT $35445 NB: The probability of what I analyzing, is to be true unless the opposite is proven Feel free dear trader to share with me your opinion, and also your analysis & Follow me for more analysis and also keep watching Have a nice trading
ULong
by UnknownUnicorn9508632
2
Dow Jones: Just a Little Bit More 🤏Dow Jones is pressing further and further upwards and has nearly reached the resistance at 34205 points. Once the index has crossed this line, we expect it to gradually continue its ascent above the next marks at 35521 and 36446 points, which should each affirm the upwards movement. There remains a 35% chance, though, that Dow Jones could drop below 32167 points and into the magenta zone between 31292 and 29978 points first before endeavoring to rise up again.
CBOT_MINI:YM1!Long
by MarketIntel
1