Bearish Crab In DowjonesBearish Crab In Dowjones
Sell PRZ - 34310/34359
SL - 34501
Target - 33750/33500
US30 trade ideas
Comparing #DJI & #NiftyUS stocks rallied Dow Jones jumping nearly 600 points. Traders welcomed a mixed payrolls report showing an unexpected rise in unemployment and a slowdown in annual wage growth, despite a hotter-than-expected payrolls figure. The data could influence the Fed's decision to pause further rise in rates.
US Markets on verge of trendline breakout while Nifty is forming cup and holder breakout.
DOW : Close long positionNot much to read in chart as today Dow had touched 4th time lower high trend line @ 33618. Yesterday suggested to go long @ 32800 with SL 32700. Today 500 points is good gain to book profiit. All the views on Dow were respected. New trade will be taken on Monday.
LONGIt changed it's direction to the upside tp1 and tp2 as showed at the chart. I think it is going to range from the current price to the tp2
Dow: Taking support.Continueing hour earlier analysis, it is observed further that in above 15 minute time frame Dow had reversed from red downtrend line. MacD is above signal line on 15 min time frame. Given risky trader should wait for 30 min for Dow to trade below 32750. Dow had given low of 32739 on 15 min candlestick and from next 15 min candlestick has bounce back. This simply means buying is emerging at given level(32750). This is third time Dow had reversed from this level. Risky traders SL is not yet triggered and can continue with long till 32750 is not broken { Now SL is reduced to 32700 as low is 32739.)
Rest long and short entry remain same till this point of time. Today's close will give us clear picture.
Minimum 6% correction is on cardsDow jones is in bear trap,
expecting a minimum 6% correction and max 30% correction in next 18-20 months time period
shortIf it breaks 33042 and retest it then we selling to the downward. we still at the bearish trend so possible sells ecpected.
Dow Jones Index Weekly levels May 29- April 2
Buy Above 33156.15
Buy Targets 33259.50 33362.28 33445.35 33528.42 33646.70 33718.51 33963.50 34232.43
Sell Below 33030.55
Sell Targets 32927.20 32824.42 32741.35 32658.28 32540.00 32468.19 32223.20 31954.27
Dow Jones Reversal Diamond?Hello traders
what's your opinion about reversal Diamond pattern?
Let me know in the comments section!
there is still plenty of room available for chop in the upcoming weeks before any strong movements upside till diamond structure is safe.
we see significant trading opportunities as per structure.
Please smash the like button if you find valuable analysis.
Short DOW: Keep SL of today's highDow had almost done 0.618 Fsbonacci level, Today's low is 32655,where as Fabonacci level is 32500. As said 0.618 Fabonacci levels is a very strong level, Dow can reverse from here up to 0.368. Last five days Dow is making steep lower low and lower high. (Red line). Today is fifth day Dow is continuing with lower low lower high. No5 also denotes Fabonacci No. It is always good to be coutious from here onwards. Any break above red line Dow can change its trend atleast for short term. So keep trailing SL above Red line and continue short position. Any time if Dow close above yellow line running up from 31388, will confirm Dow's up trend and shorts need to be covered that point if not covered above red line.
Sell DowContinuing yesterday's analysis, first target of 0.500 is completed. Dow can take support at this level. It can trade sideways 0.382 to 0.500 Fibonacci levels. 0.618 level is on cards as it is a crucial level. Dow is short from 1st May after forming Evening star pattern.
US30 nice inverted HNS patternTarget and SL as mentioned in the chart . We hope that target will be met by today EOD
US30 will go DownI belif this because I have command on my technical and fundamental analysis And My fundamental also show that this has to move down for 250 point down.
US 30US 30 had POSITIVE DIVERSION on CCI on 4 Hour chart
And also about to break UPPER TREND LINE on 15 MIN chart
Good Buy above 33063
ONLY FOR EDUCATION PURPOSE
Sell Dow Previous analysis it was said that Dow had given up 20DMA support and trading below triangle pattern. It was guessed Dow will start its downward journey. But it didn't happen and today Dow recovered all its losses and is again trading at 33400l level. But if we see carefully Dow is making lower high. Yellow trend line is running down from 34287, 34792 and today 33455. Distance from 34287 to 33792 to 33455 is 450 pts and 350 pts. which is appx retracement of 50% and 42% near to(0.380) Fibonacci level. So what ever bounce back was to happen is happening today itself. This bounce can be taken as continuation pattern unless 50DMA is not taken away on upper side and the second lower high of 33792 is taken out , MACD remains below signal line, till then Dow will remain short candidate.
DJ30 Daily charts showing upside possibility for next 1 MonthDJ30 After minor correction is again ready to show some strength in coming days & Projection based on Fibo is showing 7% upside in next 21 trading sessions.
This should definitely help INDIAN Markets to rise to ATH in next 21-30 Trading session.
Expecting Nifty to touch 19500 before June End Expiry.
Happy Investing.
SELL DOWToday Dow had finally given up 20 day EMA support . Not only it had given up 20DEMA but also completed inverted triangle pattern and now is trading below it. MACD also came below zero line which is comfortable signal for short sellers. If Dow remains below this support and triangle pattern then Dow is looking at 32K.
Industrial production YOY for April was revised from 53 to 0.07. May Industrial production is also low at 0.24. Hence Economic conditions too are favoring Short Sellers. Conclusion go short after yesterdays wait and watch.
Last man still standingIf we see Dow Jones movement carefully then we come to know 1. Dow had retraced from lower high trend line on 10th May. Unfortunately 50 dema is also placed near lower high trend line at 13772. This area of lower high trend line and 50dema will make traders to sweat cross above. On down side 33150 is 20 day Ema support where last man is still standing from last 3 days. Overall Dow Jones is slipping in narrow range, which can be broken on down or up as news of manufacturing activities is out tomorrow. Also news of debt celling will affect but temporary. So be ready for seesaw.
US30This is DOWJONES on weekly timeframe. DOW is between crucial level of Fib retracement .61 and .5 ((Looks like its taking rejection)).
If doesn't able to break .61 then ready for Big Bang...
Short DowHaving said , Dow forming shooting star candlestick pattern following confirmation candle and bearish engulfing candle, Dow is taking support at 20 day moving average. It is just as last man standing. Below 20 day moving average next level is 32k, seen from chart, which is self explanatory.
