Dow Head and shoulders in makingHead and shoulders in making, a break below the necline can bring in some correction,
Just chart, charts speak
Dowjones
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
IMPORTANT BUY/SELL zones for DOW JONES ahead of powell speechTVC:DJI sharing important buy sell zones derived from analysing resistance/support zones on major timeframe to smaller time frame study.
dow has been struglling to move upward since it entered the monthly/daily sell zone and resistance are which dow has been unsuccefull to break since few weeks in past, unless we get something positive and strong news , dow may remain sideways or retest the support/buy zone belowe current market price before moving upside again or
if the news outcome is bad and worrysome, we may see the supportbreak under panick selling pressure and dow may drop till the next buy zone .
DOW Bullish Candles on Hourly ChartsDOW is up 1% in todays trade showing strength & further upside can be seen in coming days.
New Peak on World Indices to follow soon including NIFTY.
Dow jones Index Dow jones 34250
Index is facing price rejection around 34350-34600 range.
If index is not able to cross above 34600 range and sustain.
Pre assumption of harmonic pattern formation, resistance as per previous swing high levels.
would act as stiff resistance, reversal from current levels would lead to steep selloff in index.
down side levels of 32500-32000-31500 possible..
Bulls time be cautious
Nasdaq ixic indexIXIC index CMP 13550
Today index registered high around 13594 levels.
Ascending parallel channel resistance around 13580-13630 levels.
Bearish divergence on RSI, with respect to price.
Index if not able to sustain at higher levels, can give sharp reversal.
1000-1300 lower side possible as per channel structure.
Bulls time to be cautious
IF DOWJONES MANEGES TO BREAK ABOVE?Dowjones made inverted head n shoulder pattern on weekly scale, although its not confirmes yet, If Dow manages to break above 334250 then it ll get into one sided bull run.
Lets wait patiently or sell on very rise with stoploss above 34250.
Exit all short positions once it gets past 34250.
DowJones 3% upside in 3-5 days - Hourly BuyDOW Jones Hourly chart is showing Bullishness ... 3% upside in 3-5 Days possible.
We should see 3% Rally in World Markets including INDIA in coming 3-5 days timeframe.
Nifty 18600*1.03 = 19100 --> 500 Points Rally in 1 weeks possible.
Bearish Crab In DowjonesBearish Crab In Dowjones
Sell PRZ - 34310/34359
SL - 34501
Target - 33750/33500
Dow Jones Index Weekly levels May 29- April 2
Buy Above 33156.15
Buy Targets 33259.50 33362.28 33445.35 33528.42 33646.70 33718.51 33963.50 34232.43
Sell Below 33030.55
Sell Targets 32927.20 32824.42 32741.35 32658.28 32540.00 32468.19 32223.20 31954.27
S&P500 indexS&P500 index is looking good for a rally in the coming days , with a downward trendline breakout showing a possible trend change in the index , and also a good inside bar breakout on monthly time frame , retest is done and if this monthly candle(MAY) manages to close above the zones of 4140 , a possible bulll momentum of 9-10% can be seen in the index in coming days , view will be invalid if monthly candle closes below 4140 levels , SL will be 4020 levels if monthly candle closes above 4140
