Dow Jones broke Cup and Handle Neckline Dow jones can see a correction of 30 according to me from here
US30 trade ideas
DJI retesting pre COVID levels. Support Breaking. #DowDeepDivingTVC:DJI
It looks that US markets are ready to test March 2020 levels.
make or break for dowfurther downside pressure may drag dow to 24000, dow is an important support of its 38% of Fibonacci level
Dow JonesThese charts have been shared with you all even before....... The DJIA..... watch the LOWER RED LINE.... and DO NOT get Worried if it breaks this Line temporary as a """" THROW UNDER"""".....
DOW Jones WXYXZ Pattern seems to be complete.DOW Jones WXYXZ Pattern seems to be complete even though the Fibonacci extension XYXZ is just 0.9 and not =>1. Reason being XZ retracement has completed 5 waves showing > 2.68 times retracement starting from 2nd X. But we will get the confirmation of the reversal only if 2 daily candles closes above 31021. Thus we can start accumulating good stocks in small quantities at any retracement from here.
DOW Jones can correct till 27210 as well.
Dow jones made lower low yet again Dow jones has making lower lows with lower highs which is not a good signal in upcoming 6 months for USA and other economies such as Nifty.
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Dow JonesDow jones will revert back of area between 28500-28000.
There is a huge demand zone. As mention in chart
Dow Jones - Inverse Cup and Handle / Rounding Top - Key levelsTrading at key support now.
Levels in the chart.
Forming lower lows so far.
Dow Futures- What next after 52 week low ? Dow futures are trading near a very strong demand zone. the possibilities from here could be
it keeps consolidating - accumulation happens for sometime in this zone and jumps from here
it retraces quickly as per harmonic to 30900 lvls and falls from those levels
it continues to fall and may come back to re-test and down move continues
the probability of it retracing to 30900 lvls looks higher due to harmonic pattern, AWAP support , demand zone plus few sellers would prefer booking something at these levels and few buyers would try to average out at these levels so that they get decent exit.
What could be a possible trade ?
Good risk - reward would be to go long with small SL of 28900 lvls got a target of 30900.
Let me know if you guys think otherwise or have any better idea
Safe Trading
DowDow Trading setup
closing above resistance will trigger buying and forming temporary bottom
closing below support will trigger more selling pressure
I'm thing Dow is making a temporary bottom
Good R:R
Inverted Cup and handle Pattern : DJITechnically, Dow is really at a critical zone. Keeping in mind that Equity is a growing asset, today's DJ:DJI session would be very Important. DJI has given a close below its neckline and completed its Pattern. There are concerns of recession as well. Will the DJ:DJI fall and complete its target or there will be pattern failure? Here ADX is showing above 24, indicating that markets are about to trend. Rsi indicates the oversold condition in the market.
* It is just my analysis and no recommendation of Buy or Sell is Given.
WE BOUNCE THIS WEEK!Historically, when 200 MA is tested on weekly frame, it bounces. IM looking for this bounce- retest- lose 200- bearish retest- continuation to downside.
DJIAAs said in earlier update, 29890_29400 support zone and 200 WMA have been tested and made low 29250 but closed in between the support zone. Now sustain above this, we may see bounce or
below that, there is a unfilled gap zone in between 28902_28495 which may act as support for near term
Inverted Cup & Handle pattern in monthly timeframeHello All,
Market is at very important point where it can take support and go higher and if rejection we have big fall.
My expectation is at least 3000 points if cup and handle broke.
FED hike warnings really bothering the market and on Friday it broke previous low and touches 20% fall from Jan 2022. However if it closed with the same momentum on Friday then we would’ve seen big gap down on Monday opening.
Please note this is just my observation only and for purely for educational purposes.
Trade at your own risk.
Dow JonesW got a HAMMER candle on the DJIA on a DAILY basis,,, and I think an UPSIDE will ensue, upto the Range as pointed out by the RED ARROW. However, we are in an ABCD pattern on a Longer Time Frame, pointing towards 27600, which is where the Downturn should End. It has become a very interesting phase in the Times of the Financial Markets. As markets are going Lower...... People are getting More n More BEARISH.
Mr Bhardwaj........ Let me understand the LOGIC from your """ I HAVE BEEN TOLD NIFTY WILL GO DOWN TO 15300"" SOURCE..... what his/her Logic is ???? This I have been told, OR I heard OR SOMEONE TOLD ME doesn't work in the Market. And for GODS sake, please keep HERESAY OUT of the Picture. Show me the LOGIC.... if you cannot, DO NOT COMMENT
DOWJONES LONGNote : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Dow JonesI expect a MAJOR LOW on the DJIA to settle at apprxxx 28300-28700 range . Thereafter a 29-22 % RISE upto apprxx 36000 and MAYBE beyond that into iii/3 . This WAVE should and WILL be the MOST REWARDING once you catch it
DJI Seems Weak! S1-30520 & S2-29589 may act as supports.DJI's significant "Strong Weekly Closing" confirmed breakdown. Besides this, extreme volatility spurt in VIX too signaling the weakness. Although i am a learner. But this is somewhat remarkable. So sharing this view!
Thanks
dow making head and shoulders dow making head and shoulders seems like a genuine breakdown but market is king !
DOWJONES possible levels in 2023It looks like Dow Jones is ready for a new low of 25300-18150 in 2023. (This statement is purely based on Charts and some Economical analysis.)
while Indian Markets are ready for a new high of 19900-20840 and this too based on Charts only. Please do your own analysis
