- Dow has been moving impulsively for the past months - The important outlook here is that the trend is slowing down and one rebalancing is needed - You can keep longing as long as Dow doesn't invalidate 38,900 post that you still need a confirmation - Calling the TOP out here is stupidity - follow the trend and long whenever you see deep retracements
After rallying steep for about 10 weeks, Dow Jones currently trading at 37,400 levels. Dow Jones is currently trading within a narrow range of 400 points between 37,300 & 37,700. 37,500-37,700 is now an important resistance zone & Dow Jones must break 37,700 to move further up. On breaking and closing below 37,200 level, Dow Jones can test 36,200 and 35,500...
Expected to have complete wave 3 formation and expecting a decline in wave 4 before any further highs to complete wave 5.
Dow 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.
CBOT_MINI:MYM1! may give sharp fall from the current sell zone if sustains below 34121 and gives daily closing below it
Dow 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.
Inverse H&S on Daily Chart breakout & retest complete. Shoulder tgt already achieved. Levels are marked on chart.
DJI 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...
Daily 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.
TVC: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...
Bearish Crab In Dowjones Sell PRZ - 34310/34359 SL - 34501 Target - 33750/33500
Dow Jones couldn't break the Inverse Head and Shoulder formed on daily TF. now has formed Double Top. A daily candle closing below the white cline can give the 2 targets on the downside marked with red line. For aggressive traders an hrly candle closing below the white line can go for shorts.
dow jones move upside 5th wave use 2 or 4 trendline break price go down side start wave abc corrective wave
Dow Jones trading at upper range of trendline currently and are resisting to cross from last 5 trading sessions, if it did not cross then you can take a short trade below the recent low with stop loss of current recent swing high.
DJ:DJI dow can bounce back from current support zone of 33340/33275, if breached then next support zone will be the target.
DJ:DJI dow jones can go upto33630/33690 above 33543, if breaks 33699.87 and styas above it, then dow can reacy upto 33862/33902 levels.
Perfect Bearish Gartley Sell Dowjones Between 33113 - 33353 SL - 33601 Target - 32900 / 32700 / 32500
dow jones current price 32000 my analysis dow jones regular go down side 5 wave break 31000