DOW MONTHLY CHART ANALYSISI Tried to brief analysis of DOW of USA market. If DOW breakout at present level than it may go far.
DJ30 trade ideas
Positive global cues - breakout in DJIAs seen in the weekly graph Dow Jones Industrial Average Index had given a breakout from the parallel channel( indicated in bluish color). Which is a downtrend that started at the beginning of this year(2022).
It could be observed from the graph that the index had given the breakout with a good real-body candle and had taken support at the parallel channel after the breakout.
Adding to that, a slight RSI positive divergence could be observed( indicated as yellow circles).
Also last week there is Doji formation in the weekly chart. Looks like the index is taking a rest and expecting the index to sustain above the 33200 level
My crazy partner is Mr. Market!We are used to the fact that the world's most prominent investors are known for their outstanding deals, returns and stability of results over a long time horizon. Yes, all this is certainly a sign of excellence, but no investor has gained his popularity through books. The books he wrote.
This man created his writings back in the 1930s and 1940s, but they still inspire anyone who has taken the path of smart stock investing. You've probably guessed by now who we're talking about. It's the humble author of The Intelligent Investor and Warren Buffett's teacher, Benjamin Graham.
It's amazing that after many years, this book is still considered the bible of investing on the basis of fundamental analysis - Graham wrote such a thorough description of how a person investing in stocks should think. His insight into the market can be useful to anyone who is exposed to this chaotic environment.
To understand Graham's philosophy, imagine that the market is your business partner "Mr. Market." Every day he stops by your office to visit and offer you a deal on your mutual company stock. Sometimes he wants to buy your stock, sometimes he wants to sell his own. And each time he offers a price at random, relying only on his gut. When he panics and is afraid of everything, he wants to get rid of his shares. When he feels euphoric and blind faith in the future, he wants to buy your share. That's the kind of crazy partner you have. Why is he acting this way? According to Graham, this is the behavior of all investors who don't understand the real value of what they own. They jump from side to side and do it with the regularity of a "maniac" every day.
The task of the prudent investor is to understand the fundamental value of your business and just wait for another visit from the crazy Mr. Market. If he panics and offers to buy his stock at an extremely low price - take it and wish him luck. If he begs to sell him the stock and calls an unusually generous price - sell it and wish him luck.
Of course, after a while, it may turn out that Mr. Market was not bad at all and made a very profitable deal with you. But the fact is that on the long horizon of time his luck will be washed away by a series of stupid things he will inevitably do. As for you, rest assured that tomorrow you will meet another Mister. So, as Graham has taught us, is teaching us, and will continue to teach us - you just have to be ready for it. Understanding the fundamental value of the company, this meeting will bring you nothing but pleasure!
Dow diamond breakout from top Next bear run start
RSI negative divergence on daily
Diamond breakout
(Do your own research and follow at your own risk)
US 30 SHORTafter a rally the fresh support (red zone) is still not tested also after a rejection from higher levels they are taking resistance at .50 fib levels
Next move - DJ
Liquidity enhanced below 29,653 - Whoever entered early at this level cheated with SL and loaded for big orders.
It formed the Quasimodo pattern during this Liquidity process.
At the Fibonacci level 0.786-0.618, changed their hands at the higher level.
And also the above Fibonacci level is "Child QM" which supported to exchange.
The Child QM was broken. The reason behind the broken is the "It was reacted from the earlier level. Then no need of surprising about that broken.
Final process of supply will happen at the Mother QM . I eagerly waiting to see that reactions at higher level :)
US30 Trading Plan - 16/Nov/2022Hello Traders,
Hope you all are doing good!!
I expect US30 to go DOWN after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
DOW JONES INDUSTRIAL AVG spot cmp 33608Index is trading in time cycle of 106 days and 73 trading bars on daily time frame,
after every 106 days index tends to make peak and reverse below previous low levels,
106 days cycle maturing soon,, need to keep watch on that time cycle,
index have given break out from descending trend line resistance, and sustaining above that levels,
but till it does not sustain above levels of previous swing high,, there is probability of 3 drive harmonic pattern formation,, which would lead index to fresh low levels ,
in both case study of time cycle and harmonic, there is probability for dow jones making fresh 52 weeks low,,
at the moment reversal below trend line is necessary to consider the end of bullish trend,
RSI is making bearish divergence and also RSI have broken the trend line and at the moment is at retest levels,,
if reversal is confirmed index will give sharp fall ,waiting for confirmation below trend line on daily candle..
This view is conditional.
us30 long possibleus30 dow jones buy @ 33860
stop loss 33785
target 34100
trade based on reversal of dow jones after a long time buy it and thanks me later
please support and like my ideas if u are earning a big amount with my signals
Not expecting price to cross 61.8% retracement (33520) of the enNot expecting price to cross 61.8% retracement (33520) of the entire fall
Not expecting price to cross 61.8% retracement (33534)Not expecting price to cross 61.8% retracement (33534) of the entire fall
DJIADJIA
Trend line breakout situation has been witnessed.
RSI > 50 but showing minor negative divergence as it exited the overbought zone.
Price rise currently not support by rise in RSI.
Trend line breakout may take DJIA to 33800-34200 range which is marked
with horizontal line.
Overall as long as 31800 is not violated, volatility, correction and consolidation above 31800
will help to build a rise to 35400 and 36900.
Support could get generated in case of fall back to trend line for minor correction and consolidation.
Expect DJIA to move higher to test 33800-34200 in near term with volatility.
Unfolding of Bear MarketI am wave theory Practicing professional , My views are personal opinion
I have made efforts in Visual representation of start of Bear Market ,
those who are holding position can look for Exit before the Start of Major Extended W 3
Good luck
Us30 long possible Us30 dow jones buy @ 32603
Stop loss 32063
Target 33365
Trade based on pure price action and breakout of last resistance in hours 4 candle
And level 33080 is broken so we are opening a buy trade
Please support me if you like my idea and like my idea please urs support motivate me
Dow Jones make it or break it moment!!Dow Jones is at weekly trendline resistance, with election results due & CPI data tomorrow will it break or give a fake break.
DOW JONES (DJI) Breakout at Weekly, Will It Sustain ?DOW JONES (DJI) Breakout at Weekly, Will It Sustain ? TVC:DJI
Us30 long possible Us30 buy @ 32887
Stop loss 32687
Target 33300
Trade based on trend reversel and pure price action
US30 - Dow Jones Industrial Average Weekly OUTLOOKPossible US30 Weekly Setup.
We have tapped into supply on the HTF and have seen a change of character in order flow. Possible bullish week for stock indexes following the increase in interest rates by the federal reserve last week.
Week of 7 - 11 November 2022
This is not a signal.
DOW jones Bullish above 32900Once the falling trendline is taken out, expect quick rally towards 35000
