dow jones oversold in shortterm cmp dji - 38590
mostly down due to feds hawkish and global cues i see it as knee jerk reaction .
rsi was at 7 and 20 in low time frame but steep correction is buying opportunity
target - 39000/400/800
just a educational idea and not a trade idea.
Dow Jones and US MarketsUS Markets are showing a lot of resilience and I do not expect them to collapse like many are claiming. If US Holds its levels, we will also remain strong during this pre-election rally.
TVC:DJI
Dow Jones is turning back to its resistanceWill the bullishness of US dow Jones will fly high or fall back from the resistance.. Lets watch with own unique 100% working levels
us 30 Looking For Sell it's looking sell with 3 resones. 1. st it's grab pre week high liquidity 2. nd also grab pre day high liquidity and 3. present 4hr timeframe strong orderblock with fvg....
us30 looking for buyas per price action showing price can be riverce we can see in 1 hr time frame AMD formation with daily bias and daily poi ..... with proper r:r ratio.... one can enter.
Need To Open price on monday with in the range . if there is a big gapdown or gap up then ignore this analisys....
Dow Jones Ind. AverageDJIA is about to start a downtrend after failing closing above 38600.
Now It will be going to touch 37000 and next to 35200.
Dow jones buy on dip will go higher and higher On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profi
Dow Jones its jus Retest of 1 year old breakout pointThe B leg that went deep 95+% of A then failed tells us its flat correction.
After doing year long correction breakout in Dow was seen in Dec 2023
Good Chance is to have sharper up move once retest is completed.
Internal wave count may not be accurate and best if ignore, focus more on support area
Dow nears support zone !Support zone: 37300-37600.
Dow should take support and should consolidate at current levels. Stoch RSI looks pretty sold out. If it cannot sustain this support due to any unforeseen circumstances next support is at 34122 which is highly unlikely. On upside first target is 38928, then 39913.
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