US30 trade ideas
Dow Jones Technical Analysis - Will it go below 30,000Dow Jones, the widely followed stock market index, has experienced a decline in recent days after a strong upside rally from October to December 2022.
Technical analysis reveals that the index has broken an important support level and is showing a bearish trend. Additionally a Harmonic bat pattern has emerged, indicating a potential minimum target of around 29950.
As a result, caution is advised for traders, with a potential for selling pressure from above. Stay informed with our in-depth analysis of Dow Jones.
dow jonesNothing has changed on the DOW counts ... So dont panic..... we are still on course for 38000 with time on a weekly basis. ONLY 1 ALTERNATE counts exists.... let it play out 1st to a degree where I have to warn you all again.... but for now.... NO..... Remember the Larger the DEGREE of the WAVE, the MORE time it takes to play out. So NOTHING happens immediately
Dow Jones Analysis - Short Position Opportunity at Resistance LeI would like to share my analysis on the Dow Jones stock. Currently, Dow is facing stress at the 32587 level which is acting as a resistance. Based on my analysis, I believe it is a good time to take a short position from here. I predict that Dow is moving towards the 29534 level.
Thank you for considering my analysis. Best of luck with your trading.
us 30 dowjones indexus30 (dow jones) right now forming reciprocal ab=cd with butterfly formation
below b point 32529 more fall can seen up to 30980-30780
on 30980-90780 2 pattern will active reciprocal ab=cd and butterfly for bull run till 34000-35000
Dow Jones Expectiong 32500 to 32600 levels.Dow Jones Expectiong 32500 to 32600 levels.
levels on chart to trade with stop loss ,entry and target area marked.
looking for buys on us30its forming a W pattern that shows it will buy and has retested our weekly horizontal line.
Dow Jones Industrial Index Technical Study TVC:DJI
Analysis After 9th Dec 2022 Closing
> Dow Theory wise - It was Making HH &HL but After Last day of closing, it seems like there will be no another HH Furthermore in Weekly TF it has made Evening Star pattern also. (Bearish)
> Wave Count wise - 5th Impulse wave is also finished, so probably corrective wave ABC might be possible for next week for DJI. (Bearish)
>Chart Pattern Wise - Head & Shoulder pattern is about to formed, confirmation after breakdown of neckline shown in chart. (Bearish)
Bearish Divergence is also there in MACD and RSI too.
Furthermore,
According to chart, just below neckline there is crucial red line, breakdown of that line red line is confirmation for all the above points.
Medium Term Target is end of 4th Impulse wave because of Depth off Correction Concept.
What if Analysis
Ignore this study, if on next trading day market opened with huge GAPUP and gone up.