US30 aka Dow jones at confluence of support.US30 is at a confluence of weekly support, the earlier resistance trendline being retested and now acting as a good support, also there is a horizontal supply zone.
US30 trade ideas
short reversal can be played please refer to the chart.
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Head and shoulders pattern @DJIA IndexIf Dow Jones Industrial Average Index(#DJI Weekly Log Chart) Close below Read Line(Head and Shoulders NeckLine) On Weekly Chart Than Head and Shoulders Confirm .
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Dow Jones Industrial Average AnalysisDow Jones suffered a major fallback in April. The index is moving down. We can expect a reversal only after it surpasses the breakout point at 34103. An almost Double top formation was observed between 26 and 29th April
Dow Jones Bottom Out 31600 - 31000if Dow Jones breaks the current Swing low - 32800
then Expected fall will be 5% to 6%
DOW towards 35000...LONGDOW towards 35000...LONG, Divergence, check HILEGA MILEGA cross over for confirmation,
today candle is seriously crucial for US30its forming divergence in price action with RSI
as well as in daily TF formed Double Top if todays candle close is red than more power to TA for short confirmation with shorter Sl and favorable Targets.
Asses the risk before initiate Trades.
please refer to the chart.
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If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Dow Jones attempting a breakout or just fakingHello, Dow has been running in a downtrend channel since September 2021. For once, it broke out of the channel in January 2022 and made an all time high. Though this move couldn't sustain and the price started in the downtrend channel again. Dow looks bullish on close above the channel and a follow through..
If we take another trend line matching the tops from Jan, we find that the price is travelling above the trendline and has already retested the breakout..
US30 : 4 Hr chart shows Flag Breakout..4 Hr chart if US30 ( Dow Futures ) Suggest a flag pattern breakout consider as a trend continuation Pattern..
DOW JONES INDEX INTRADAY RANGE FOR 19-04-2022
DOW JONES Index intraday range and retrace levels.
DISCLAIMER: This idea is only provided for education purpose.
DOW JONES INDEX INTRADAY RANGE FOR 18-04-2022
DOW JONES INDEX is expected to be within the range 34373.49 - 34953.28 on 18-04-2022 as depicted on the attached chart. The chart is also plotted with Gann retracement levels, The most important retracement levels are 33.3%, 50%, and 66 .7% . Among these three, 50% level is considered to be the most important retracement level.
Disclaimer: This idea is only for educational purpose. I will not be responsible if you gain or loose money by trading with this idea.
Dow Jones Correction is comingIf I compare the current pattern with past pattern than correction is coming.
DJI 30Dow Jones have multiple support on lower side as you can see and upside also look minimal as per price action,it will go little up perhaps make double top if not then it will breakout.
Watchout
DJI - ready to go long for targetAs per the long position on chart, looks strong. A move up should follow shortly
Dow Jones - Similar gap down at resistanceDow jones opened gap down in similar fashion at similar levels.
Is this end of pull back
