DJI
DJI target 48000 to be touched in june 2024DJI wave theory analysis on weekly basis: presently Dow in wave 1 & making triangle pattern or complex (clue; Dow making HH & HL). whenever DOW will break it BD base trend line ,that time wave 3 has to be started & it should first target 1.68% of wave 1. than it to be take time & correction downside unto 38% of wave 3. again when 4th wave to be completed once its target to be 48000 in 5th wave.
This is educational purpose only
US100 Is at resistance level.US100 is at critical resistance zone of channel,
a fall from here could trigger or it may consolidate for some time.
not a trading reco.
DJI trend analysisCurrent market movement looks like a beginning of a downtrend according to Elliott wave theory.
A small pullback taken by the market and from point A it's taking resistance.
confirmation of downtrend would come if point B breaks and market continues to rally down.
DJI Bullish Butterfly PatternDJI Bullish Butterfly Pattern
PRZ 1 - 29018.55
PRZ 2 - 28990.27
PRZ 3 - 28850.85
US30 Make or break levels for bulls. Trend is about to break.#US30 is at important trend line.
breakdown could lead to massive selling pressure.
DJI Range Breakdown DJI has broken down of a range consolidation and as per range the downside targets are marked on the charts.
Most of the other details are clearly marked on the charts and overall weakness is visible in post today's candle close in US Market
Previous DJI analysis are linked in related idea section
DJI is at interesting price.DJI is at near to supply zone
and breakout could lead to short covering.
Dow Jones testing IMP levels.On weekly time frame DJI testing very crucial trend-line.
Breakdown will lead to massive sell off or any upside from here could make short term bottom.
just a thought not a trading idea not investment advice.
Long term view on US MarketsFollow the trend always!! The markets globally are waiting to correct or rally upside more no one knows so just stay with the smart money and follow the trend and you'll make money!
My view could be wrong but we can see the markets are in a box for weeks and more the market spents time here more stronger will the breakout be!!
I would say it will probably go down but lets seee!!!
DJI - Analysis updateDJI after giving a breakout earlier faced rejection in Pitchfork middle band and retested the counter trending. For last two weeks it was consolidating and gave a inside bar breakout in Weekly tf, currently the follow up candle so far looks good and if the momentum continues - it is possible to see a 6-8% upmove minimum in DJI from previous weekly closing .....in coming weeks.
Link to previous DJI analysis in related idea section
DJI analysisTVC:DJI Following closely we are open to both up and down trends. The moves have been difficult terrain and lot of rumors of recession. This needs to be seen so we are just waiting for the kill.
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as you can see from the chart the script is forming higher lows in 1hr time frame
it has also formed a bullish hammer today which is supported by strong volumes and RSI
Not expecting price to cross 61.8% retracement (33534)Not expecting price to cross 61.8% retracement (33534) of the entire fall
DOW JONES (DJI) Breakout at Weekly, Will It Sustain ?DOW JONES (DJI) Breakout at Weekly, Will It Sustain ? TVC:DJI
04 nov 2022 DOW jone live analysis04 nov 2022 DOW jone live analysis, for Intraday Study Purpose only
DJI DOW BOTTOM CONFIRMATIONDOW THEORY RULES:
1. How to Identify Significant bottom(valley)?
We need two parameters
1. Width:- Should be more than 31 days(≈ 4 weeks)
2. Depth:- Should be more than 4%, in the valley we measure Depth by looking from top to the bottom (visualizing as seeing a pool of water from the surface and measuring its depth).
AS PER DOW THEORY, NEW BOTTOM CAN BE CONFIRMED TOMORROW IN DJI IF IT SUSTAINS ABOVE 30K LEVEL, TOP IS AT 34856 UNTIL THAT IS NOT TAKEN OUT DJI IS STILL IN A DOWNTREND. BUT THE BOTTOM CREATION WILL BE A GREAT PLUS POINT FOR THE BULLS TO KEEP A SL. ONLY IF TOMORROW (WEEKLY BASIS) IT CLOSES ABOVE 30K.
US10Y - Looks like a high is completedUS10Y could be in at its peak in current wave cycle to stary a ABC correction.
RSI on daily is also showing divergence indicating topping out sign. The correction in US10 will be good for equities.
View will be invalid if the high 4.123 is broken and wave 5 might get extended.
User discretion!
