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Djia

Dow Jones (DJI) | Two points to start the correction📍Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. This index has almost the same form and structure due to the convergence with the spx index in the count. In this structure, the main 1 and 2 waves are formed and the 3 main waves have completed their 1, 2, 3 and 4 microwaves and are now inside the 5th wave. Wave 5 will probably form a triangle, and from this triangle, wave 4 at the end of its trend and wave 5, to create a balanced ratio for the main wave 3, may end on Fibo 1.618, and then the main wave 4 will start its correction. Breaking the red circle is required to confirm this correction. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJIShort
by mahdisoltaninjad
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave count that has been done. The main waves 1 and 2 are complete. As we said in the previous analysis, it is possible that the main wave 3 is not over and we are in the wave 4 of the 3rd wave. From wave 3, wave 2 was not normal and this wave can be shorter in time and the rest of the waves are part of wave 3. But for now, this is how we consider it. From wave 3, microwave 5 forms its ascent and it is probable that it will climb to Fibo 1.618 and then wave 4 will form long and deep. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJILong
by mahdisoltaninjad
US markets taking a pause?The price action formation on the SPX seems to be indicating that the market in the US could be taking a pause for now. Price had pulled back from all time highs recently, but now is seeing rejection from the 20EMA. If this trend continues we could see price correcting to the longer term trendline and then the 200EMA on the daily chart. A short position can be initiated keeping the following levels in mind. SHORT BELOW : 4346 STOP LOSS : 4420 TARGET 1 : 4272 TARGET 2 : 4198 _____________________________________________________________________________________________________________________________________________________ A similar formation is also evident on DJIA, indicating that this could be a market wide pause, something which could lead to a short term correction. If this scenario sustains, we could see this bearishness spill over to the Indian markets as well. _____________________________________________________________________________________________________________________________________________________ Manage risk properly and trade you plan. Like and follow for more. :)
TVC:SPXShort
by Tradeception_
Dowjones going towards 36078The resent pattern formation of Dowjones looks to be making a Flag formation and a rising flag. I am of belief that this will make 3-3-3-3-3 zig zag movements in this flag. 3 days ago, if Dowjones have not closed above the bottom trendline, then i would have thought of this as a diverging broadening pattern. But closing above the bottom trendline comfortably is the confirmation that this is a FLAG pattern and that DJIA can move upto 36078 before gain falling to meet to lower trendline. Traders, should wait for a dip of 300-500 points and then go for long to meet 36078.
TVC:DJILong
by krishnadevathi
What's nextI have been wrong in predicting the time of top but expectation was always around 31200-31500. Now index has reached to the target of current slope . Volume has been dropping in recent upmvoe whereas RSI couldn't cross the previous top and 70 levels. This is not a sign of strength where RSI is trading below 70 but still market is moving up. It can move higher once it crosses previous RSI peak in the 70 zone and also closes abv the upper boundary of trend. Till that time keep close SL on positions.
CBOT_MINI:YM1!
by TukkaNomist