US30 trade ideas
DOW JONESThe DJIA as is unfolding in the Current wave clearly highlighted by the RED ARROW and how to play this Swing
Dow Jones where isit headedDouble top in monthly charts.....
going down to sub 31000 levels soon...
lets see weather we can breach the levels marked in coming weeks...
DOW JONESI have put more focus on the current wave on ""DJIA"", wherein I see that wave 1 up is done and we are in wave 2 down. Makes me also believe that when I see the pattern/ structure of NIFTY, both DJIA and NIFTY have more or less IDENTICAL setups. Assuming this to be TRUE, I am personally of the opinion that the Markets are in a Tearing Hurry to achieve Higher Highs hereon. With Fed Chairman Powell having made it clear in no lesser terms, that the FED Does not care about what the markets want to do and that it is ONLY focused in bringing down Inflation No matter what. It is just a question of Time before the Markets realize this and go higher.
DOW JONESI am putting forward for your understanding of the ""DJIA". Wave counts marked AB4, are Bullish Counts wherein 4 represents a WAVE 4 Bottom. Marked WXYX ( to be followed by Z has not been marked yet), these show Extremely Bearish Counts. The circle marked in RED represents the Current wave and here is my PERSONEL opinion . We are into 1/5, wherein, within this 1, we have either completed wave 1 up and 2 down is going on, OR, we have Merely completed minor 3 of 1, friday down was the 4 of 1 down and a 5 of 1 up is pending to TOP OUT LARGER wave 1/5. Thereafter wave 2 down will come into play and then the sweetest 3 of 5, 4 of 5 and finally 5 of 5 TOP
DOW CHART CHART LEVELas we can see weekly chart here....from covid level its fall fall hugh...after couple months its break out pre-covid level & made H&S pattern at top and as broken down that H&S it fall exact same level 11% as per H&S theory and took support of pre covid level....now again came to retest level and made evening star pattern in weekly chart, it might come to 29557 level and if this level broken then we can see another blood bath n market same like covid, might be inflation issue come to on way to fall or china-taiwan war & still russia-ukrain war has not stopped yet....best of luck
into demand zoneDJIA has entered a weekly demand zone with support of 50 dema.
lets see how this trade work.
US30 loss in London sessiontook a minor loss in US30 in london session, as went short once the 1H candle closed below the support
DOWJONES ShortNote : 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.
DJIADJIA breached the falling trendline resistance & 50 WMA but can't hold above it & formed shooting star. Last week high should be taken out for further upmove & downside important zone to watch is 32940_33300
US30I personally believe that US30 is on a strong trendline resistance and other confluence also suggest that it may go down from here
DJIA* 50 WMA & Falling trend line will act as strong resistance
* 2 consecutive close above 50 WMA will fuel up move further
* Failing to do so will invite fresh selling
US30/DJ30 AnalysisSetup Contains:
1. Bearish Institutional OrderFlow
2. Monthly POI Rejection
3. Bullish Structural Shift
(Short Term Sell from 50%
IMBALANCE/Daily Premium OB-)
4. Long Term Buy from Daily Discount
OB+)
TRADE WITH PAFX, TRADE LIKE BANKS 🏦
DJI CHANNEL PATTERNDOW JONES might now take the resistance around 33900 levels as per the channel it's following. A big move awaits if the trendline breakout is seen.
DJI, A Bat pattern in making?Although its too early to say, but there's a potential bat pattern in making, lets see how it goes.
Its time to DJI to take a dive!!!A very nice bearish harmonic near a probably resistance area, after a long run up, I'm expecting DJI to take a bit of cool off and retrace at least 38.2% of the move.
Dow Jones Can come down to 32000-31800 Dow Jones Can come down to 32000-31800
buy @ B point of Harmonic for upsite targets of 33000-33500+
Crucial level for DOW JONES tomorrow.33150 is a crucial level for DOW JONES tomorrow. Need to sustain above it.
