Dow Jones view for 21/11/2023-
Expected to have completed wave 5 formation and the entire impulsive rally from the low of 32332 on oct 28 is complete and expecting a 3 swing correction against this rally. So expecting a decline.
Dowjones
Dow Jones view for tomorrow 20/11/2023-Expected to have complete wave 3 formation and expecting a decline in wave 4 before any further highs to complete wave 5.
Dow Jones Weekly View on 18-11-2023Dow Jones Industrial Averages weekly view-
DJIA expects to have completed the correction against the rally from Mar 2020 and expecting to extend further highs in wave 3 of supercycle degree a range of more than 5200 as far as it remains above 4100.
dow jones future bearish at resistance/sell zoneCBOT_MINI:MYM1! may give sharp fall from the current sell zone if sustains below 34121 and gives daily closing below it
Dow Jones Industrail Average bullishDow Jones Average Tomorrow views-
Expected to be in wave 3 formation and expecting a small decline before DJI resumes to rally further high to complete wave 3. Overall expect DJI to trade higher.
3rd Nov ’23 - The gap-up gave the trend change indication NiftyNifty Analysis
Recap from yesterday: “The levels have not changed from yesterday, the first resistance is at 19226 and the 2nd one is at 19310. I am staying neutral till 19226 is not taken out, seems like it could be even done in the forenoon session.”
The gap-up took out my resistance of 19226 and was forced to go long. I was eagerly waiting for the 19310 to get broken so that the bullish momentum was done and cemented. This did not happen as Nifty was out of steam by 11.00.
The 14.30 to 14.50 price action looked scary though, assuming the FIIs would have offloaded their selling positions in this window.
On the 1hr TF, Nifty has made an odd-looking W pattern, technically its a bullish sign but we need confirmation of the same by taking out the 19310 resistance soon. These bullish price moves could be highly shortlived as well because its just a reaction of market participants to the FED’s announcement yesterday.
Just for reference, I have pasted the SPX chart herewith. Could this relief rally be just another lower high in the making? When the global macros are that bad and the earnings are weak, there is every possibility for the bear run to continue. So if you are a bull, enjoy till it lasts.
DJI - Likely to start a wave 3 upwards? To make a new high?DJI has formed three sub-fractal i,ii, i,ii, i,ii since the impulse upwards since the Oct 22 bottom.
It should eventually materialize in a wave iii upwards i.e. 3 sub-fractals of iii,iv, iii,iv, iii,iv.
In all possibility the recent wave ii is complete in a five wave C downwards. Today's price action at NYSE opening would be crucial.
DOWJONES - buy fear sell greedDOWJONES is trading at very good multiple support zone of 33600-33650, start accumulating at this levels to get most out of it.
Buy F.E.A.R dowjones heavyweights & hold with stoploss closing below 33600
Dow Head and shoulders in makingHead and shoulders in making, a break below the necline can bring in some correction,
Just chart, charts speak
DJIA preparing for Big Breakdown As monthly chart of DJIA formed tweezer top last month, also golden retracement done from the top
Here I'm expecting a big fall in DJIA for the coming weeks/months.
Stay alert!
Will this pattern complete2nd rejection from the falling trend line.
The pattern normally completes, in such a case, and price tests the lower trend line.
Let's see how this develops.
Walt Disney Taken support at 2020 lowsHi,
Walt Disney Company has taken support at the lows of 2020 on weekly chart. A Bullish three candle pattern called Morning star is also visible on the weekly chart.
Yet to give the Breakout.
It is not a recommendation it is for education purpose only.
dow future trading inside triangle pattern CBOT_MINI:MYM1! watch out for either side of triangle to break for one directional breakout move
Down JonesPrice has retraced back from UML. Now heading for CML at 38.2% level which can be expected by 30-Mar to 3-April, if the slope is right.
Dsic : It's not an investment advise to buy or sell
us30 short setupafter falling from high zone price is trying to reach back the supply zone ..
price can dump from supply zone
DJI AnalysisDJI technically downtrend
Analysis 1
DJI doesn't break the DAY and 1HR Trend line.
seems sell retracement.
once cross down and sustain 33500 means the fall down to 33350.... 33350 to 33200 is demand zone...if the demand zone invalided means the price fall down to 33000...
(a) sell stop risk entry 33600 safe entry 33450
targets 33350/33250/33150/33050
buy stop 33800.
Analysis 2
DJI breaks the trend line and sustain means.
Rally continues up to 34300.
there will be a 2 Supply zones.
1st Supply zone 33950 to 34050
2nd Supply zone 34160 to 34250
(b) buy stop risk entry 33820... Safe entry also same but after retracement from the trend line
targets 33950/34050/34150/34250/34320/34500
Stop loss 33650.
DOW JONESENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Dow Jones Support & Resistance Daily ChartRange Bound Between 35200 to 35650.
Bullish to Sideways for Today in this range.
Strong Support from 35200 to 35000.
if break 35000 than only can see trend reversal till than Dow is in Up-trend.
Ascending Triangle in Dow JonesDaily candle closing above the mentioned level will confirm the Break out.
The levels are the expected target in the chart.
All the analysis and levels are only for educational purpose.
SPX towards a new life high in sessions to comeCircle areas represent trendline support
strong reliable breakout in spx 500
it suggest US market to blast big from here and no surprise we can see all time high in month to come
the weekly breakout suggest continuation
