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 .
Dowjonesanalysis
Dow Jones Daily TF AnalysisDow 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 Industrial Postive Breakout on Chart Dow Jones Industrial Average Index Chart Analysis on Weekly Time Frame
Postive Signal
1. Up 2% on friday
2. Showing Trend change on weekly time frame
3. Given Breakout and Retest done to trend line
Target
1 . Possible Target - 36300
Stoploss / Breakout Fail
If Any weekly Candle closes Below 32400
If any Querry text me on Trading view
Will Dow Jones turn bullish?On daily down first broke the downward trend line, then tested it & formed equal lows there. Whereas on hourly it is showing signs of a shift in market structure, it has already given a BOS & has formed its first HH & HL pattern. If it gives a 2nd BOS & forms another HH & HL then it will become buy on dips for the near term.
Dow Jones - Buy - Sl day low - Targets follow FibonacciDow Jones - Buy - Sl day low - Targets follow Fibonacci
IS DOW GETTING READY FOR 2300 POINTS FALL?We have seen confirmation of the Head & Shoulders pattern in Dow and it couldn't go above the right shoulder. We may see Dow coming near to 31000 in coming sessions.
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Dow JonesDow Jones... factoring in fed rate hike only in range.....
This range seems to be for few more trading sessions....
Have marked the range...
Happy Trading...
LIke ....Share.... Follow....
Dow Jones AnalysisOn a verge of breakout from falling wedge pattern. If happens it bullish sign and for more confirmation need to cross swing high of 35700.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.