US30 trade ideas
DJIADJIA
Trend line breakout is visible.
Expect the recent peak of 35075 to be tested.
A few days back, RSI was in oversold and swing bottom
was formed subsequently to get an up trend.
In near term to short term if breakout above 35075 is
witnessed then expect a rally to 36174.
DJIA needs to hold the trend line support of 34498 to
expect positive behaviour in near term with volatility.
US30 ShortsAfter this heights, It's losing the momentum and more institutions shorts and news affecting it. Expecting lows by end of the week.
DOW Jones Index ke HorMonesWhat I felt after watching this 2 hourly chart that markets are in a mood to consolidate and the best way I am finding is the markets every time trying to breach the 34450 levels they go up and came down heavily to 33300 levels which act as significant support. But markets are looking to go sideways and consolidate at 34500 on the higher side and 33300 on the lower side. Giving both opportunities to either buy or sell but don't go long for positional on the index in any manner.
US30 DOW JONES h4 key level If price breaks this h4 key level, most likely price will continue moving down at least through Friday. On the other hand, if the price holds, we may see some bullish price action at least through Friday.
DJI ---- bullish / bearishyou can see here it is moving in 5th wave so now we can say that it may reverse from between those green lines which are 38% and 50%
possible DOW interpretationoverall dj picture incoroporating long term trendline, upward channel, megaphone pattern, and post-covid market manipulation/fed bubble. megaphone drawn to incorporate the most candles, not necessarily tail vs body or green vs red - just the most overall consistent touches. not a prediction of any sort. but poss lower end around may 2024, around 50% correction.
Dow Jones DJI Strong SellJow Jones Breakdown trend line, hope fall continue till 31000 to 31600 levels....💥
Price Action Events Analysis- US Fed Interest Rates The Price action is for the dates specific to US Fed Interest Rates news and it's reaction to market. Commonly known as taper tantrum & quantitative easing .
Post pandemic we will be seeing these similar events since this happened after 2008 collapse we might view repeat of history.
The view is how market reacts to news or specific event. Booking profit & exiting/ hedging against shorting selling would be good idea before fed events further. For Educational Purpose Consult your financial advisor before taking trades. Facts borrowed by Open Source News & Wikipedia.
DJI - Dow Jones INDEX Gap Filling ?
As seen in Chart DJI has given huge Gap Down in today’s session and it can head towards its weekly support of 33153.
If Today’s Gap Down is not filled then we may break 33153 level and head towards 31496 or 30996.
If these bearish views are successful then be careful in your long positions since it has been observed that US markets impact other markets globally and Indian Markets (Nifty and Sensex) fall will be more serious.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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DJI Downside levels for DJI if it continues to correct further. It have already broken down the upper channel and now may test the given levels if breaks 50EMA as well which is currently acted as major support.
Dow Jones ! (inverted) will it go up or down Inverted chart of DJI, Beautiful rounding bottom. Ready to go up "I mean down" ;)
Aj main Gira ho kal Tu GiregaDow Jones has break down the crucial support of 33562 as earmarked on the chart too. It was clearly indicated by the chart that the trend has been reversed and it's like a rounding top pattern and ready for the nose dive. Today US markets surpassed the support levels and fallen down and indicating Monday that Nifty now your turn baby to fall in my arms.....!!!!
Dow jones DJI form double top.Dow jones : it forms double top pattern, Deep correction may come soon. lower levels 32525 and 31750
DJI - CMP: 34150 Wedge Breakdown possibleWedge pattern breakdown possible. Closing below 34150 can drag DJI to a lower level up to 30600.
DOW Futures - Long entry DOW Jone future has been trading in a range for last few weeks - 33300 being the lower of the range and 35100 being the upper of range
during this consolidation - 50 DMA has acted as strong support and 20 DMA is acting as a dynamic trendline for DOW Futures
Possibilities
Strong possibility - during the consolidation of such magnitude it makes sense to test both lower and upper range at least once. it has tested lower range possibility of testing higher range would be very high
34500 is the magnetic price line for this range.. more than 90% of candles has touched this price point during consolidation.
Long Entry - whenever DOW futures test 50 DMA
SL - close below 50 DMA on a daily basis
Target - 35100
