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Dow Jones Industrial Average IndexDow Jones Industrial Average IndexDow Jones Industrial Average Index

Dow Jones Industrial Average Index

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DJI trade ideas

DOW COMING TO INTRENSIC VALUEIf we see Dow on monthly basis then we see 1. Parallel channel from 2016 moving in upward direction. 2 Wave A,B,C,D & E completed. 3 Wave 1 2 3 4 completed and now wave 5 is in progress 4 Index is moving downwards along with lower high trend line which is crossing short term support line from 2017 onward at wave 5. On Dec 18 and Oct 22 Dow had reversed its downtrend, had not yet came below it. Since this line is crossing lower high down trend line at wave 5, it had become strong support line. Here Dow value is within long term channel and so it is within intrinsic value. We have discussed why channel is known as intrinsic value channel earlier. And from todays candlestick formation which is not able to cross lower high down trend line, seems to break support line @32600 and trying to touch 31600 support where it complete wave 5 Here Triangle B also gets completed. So completion of triangle pattern and wave 5 @31600 makes this level very important. Conclusion Dow is slowly coming to its real value. Right now it is trading with extended value.
TVC:DJI
by Trendz9
IMPORTANT BUY/SELL zones for DOW JONES ahead of powell speechTVC:DJI sharing important buy sell zones derived from analysing resistance/support zones on major timeframe to smaller time frame study. dow has been struglling to move upward since it entered the monthly/daily sell zone and resistance are which dow has been unsuccefull to break since few weeks in past, unless we get something positive and strong news , dow may remain sideways or retest the support/buy zone belowe current market price before moving upside again or if the news outcome is bad and worrysome, we may see the supportbreak under panick selling pressure and dow may drop till the next buy zone .
TVC:DJI
by ajinkyadiwakar717
Dow Above it's Intrensic Value.On 15th June Dow had given big green candle stick, and in a single day it touched long term resistance line (yellow line on top). Second yellow line is upper end of uptrend channel which started from 2017, and Dow is trading above it. (Marked with red Circle ) Previously too Down had traded above uptrend channel and after few days again came in line with channel. This uptrend channel is consider as intrensic value . If we compare it with inflation index then we see that inflation index too keep rising in uptrend only. I have never seen inflation index graph running down. Hence Dow value also keep rising along with inflation index and uptrend channel is formed. Any trading above this channel is consider as above intrinsic value and any stock or index has to come to it's value. This is importance of channel drawing long term channel . Right now Dow is above channel and is consider as above intrinsic value. Last analysis it was said that above uptrend channel index is not tradable, and we see in very next day Dow started loosing it's sheen. Trade if to initiate is on short side. Also said if shorts are open, to cover if Dow trade above channel or keep hedge. That seems to be working. Righ now shorts can be initiated as Dow is trading above intrinsic value. It's not easy job, only who are well versed with Future and option can trade shorts with hedging if necessary on their own risk. Rest can sit on sideline till oppertunity arise. This analysis is made on economic basis and for knowledge purpose and not for trading.
TVC:DJI
by Trendz9
DOW REVERSING FROM RESISTANCE30th January,6th, and 13 Feb week were indecisive weeks at 34387. Today Dow had reversed from the same indecisive level which means Dow is not able to take out that resistance. Dow is looking like a shooting star bearish reversal. If Dow ends up with this candlestick pattern then With Sl of 50% of today's high and low, a short opportunity arise. Having said that extended candle above the up-trend channel is not tradable, today's 300 points fall is the answer.
TVC:DJIShort
by Trendz9
1
DOW CONTINUES TO FACE RESISTANCE As per previous analysis Dow had not broken cross resistance as discussed. Today last 3 hrs on 15 min TF Dow is struggling to break lower high trend and uptrend parallel line. Point to take is cover shorts above today's high. Parallel uptrend line (yellow) which had started from 2017 is a long-term uptrend path of Dow. Parallel channels are also path Iindicator of index which trade in all seasons of economy. Index trading above the Parallel is to be taken as expensive and due to sudden change in economic or fundamental activity/news. It latter need to correct. So entering long above the path is not suggested. But for safer side short should be covered. Or hedge should be taken. Trading in option is not easy job. It needs experience and expertise. Next view will be after Dow decides where to be ,above channel or below channel. Also said 0.318 and 0.500 levels are target if Dow holds resistance, that view is open till now.
TVC:DJI
by Trendz9