US30 trade ideas
DJI - Close at support level -DOW Jones has taken support at crucial support level. Wait for follow up candle for follow up levels. Buy above first resistance
DJI: More downfall in short term and later sideways movement.DJI has reached a plateau with a clear negative divergence. It is unable to penetrate the new resistance line which earlier was a strong support line. A fall of another 500 to 550 points from now on is imminent. Thereafter, the index is likely to follow a divergent triangle pattern.
DOW JOHNES--> Living on the edge at crucial resistance The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Dow Jones ji to gyeThere has been the pure formation of inverted head and shoulder pattern in the daily time frame. Even this was confirmed in the RSI too. The upper range is 34834 whereby the first and foremost support level has been breached i.e. 34237. Now it's heading towards the next support level of 33800 if that is not held then towards 33300. If on an intraday basis the mother candle that was formed on Monday opening candle is not surpassed till then we are sluggish.
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....💥
