Trendline break DJIA has broken a trendline on daily timeframe, heading towards a crucial swing support zone of 33646 zone.
DJ30.F trade ideas
US30 SHORTUS30 has recently broker a daily support zone. now we can plan short side trades after retracement or when it breaks the low of current daily candle.
DoW: DJIA: breakdown DJIA
Breakdown of head shoulders on daily charts. Any uptick towards the neckline is a sell. Expecyleveks of 32200 / 32500
US 30 UPDATELittle late to post this but still DOW has potential to recover from its recent fall.
I am expecting a bullish scenario ( FOMC news coming ) trade safe .
Dow JonesMost of the indexes worldwide behave in similar manner most of the time.
Price is trending in an upward channel and now it is at support.
34520 - 34600 is a crucial zone in deciding the direction.
If price took support, then we can expect it to move towards 34680, 34760 and 34820.
If price gains bearish strength, then it will fall towards 34460 and 34360.
Price will pick the direction and the trader will follow it. What type of trader are you?
Give a like if you like Dow Jones.
Dow JonesEnclosed is the DJIA hourly chart which will be responsible for the UPMOVES hereon. I have also explained to anyone who MAY want to understand the concept of "" RETRACEMENTS"".... They are calculated in PRIMARY.... SECONDRY and MAJOR waves and will differ from every time frame.
US30 LONGwait for us30 1 hr close above 34690.
then we can plan a long trade based on double bottom and overall up trend.
Dow Head and shoulders in makingHead and shoulders in making, a break below the necline can bring in some correction,
Just chart, charts speak
US 30Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
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.
Daily close Stop loss 31633 with a target of 38402BULLS !! Are we ready to climb the wall of worries. Daily close Stop loss 31633 with a target of 38402.
American market (DJI) seems too complicated. DJI will whether touch 3500 or 3400 soon.
It's forming too complicated in both (W) and (D) timeframe.
US oil reserves seems low, more chances to hit by BEAR gang.
Chart 📈 is for Educational purposes only.
Dow Jones Trade set up1. Trend - Bullish
2. Trend Reversal - Probable Double Bottom
3. Early Entry - Before break of neck line
4. TSL can be Aggressive SL for aggressive traders else 34029 level would be a proper room to cover up the volatility
Dow JonesI gave you all these figures roughly 4-6 months ago... I dont quite remember the exact date. I said FIRM even today on what I wrote then..... The path will unfold soon.
US30 SHORTUS30 is currently at a daily tf golden zone. wait for a 4hr candle close below 34700.
then we can plan a short trade in us30 targeting support below.
us30 entry in previous post Entered half qty here and full qty after confirmation
(Choch in smaller timeframe)
us30 short setupafter falling from high zone price is trying to reach back the supply zone ..
price can dump from supply zone
2023/08/25 US30 2H Chart!I hope everything is clear from my picture.
Risk to reward look nice
Type: Day trade
Risk 1%
The analysis is provided for educational purposes only and does not constitute financial advice.
Please be aware of the potential risk of loss before making your own trading decision.
High alert, World market going to crash.Dow forming Rising wedge pattern, Ready to breakdown. Sharp fall waiting. See 2000 nasdaq, 2008 dow crash, same pattern.
DJI TRG 33770Expecting DOW to fall towards the lower angle . Trg 33770 .
Angle are plotted based on GANN techniues.
35550 Target 15min Inverted Head and ShoulderTarget 35550
Above 35350 inverted head and shoulder
EMA 200 Support
EMA 50 100 200
