DJI trade ideas
Dow Jones industrial average Elliott wave count Here its dow Jones industrial average Elliott wave count present
We are on bigger Z way
Subwave of Z wave are wxyxz
U can seen in the chart wxy completed
X wave :-
Now we r on x wave
X wave coming as ABC wave
X wave went till 0.618 fib of y wave resistance from their
So near to end x wave
After x wave
Our z wave will start soon
See u at below 30k soon
If u have any doubt than ask your question
Over bought zone ?once we find a reversal we can Expect DOW to fall around 31600 this target is valid till and if sustains the current level the target could be 33000 to 34000 hope to see you guys in comments Thank you :)
DOW seems to be retracing to the upper end of the channelDOW seems to be retracing to the upper end of the channel towards 34200 areas.
US 30 might be bearish US30 on 15 mins timeframe gave a fake breakout yesterday night on Indian Timezone and went down. so, it might continue the selling trend for short period. i.e. for a week most probably.
DJIA : A Breakdown is ExpectingA Pattern called MEGA phone is about to breakdown. It may touch down 30600-31000.
After a consolidation a clear breakdown is expecting below 34000 with sl 34800 tgt 30600-31000.
This is for information only. Check your risk profile with your financial advisor before taking any trade prosition.
inndecisionAs we see the market today is not making bigger moves and hence would like to estimate a 50% fall from todays high
DJI - Can go down upto 30000Dow Jones had made head and shoulder pattern and can go down upto 30000.
IS DOW GETTING READY FOR 2300 POINTS FALL?We have seen confirmation of the Head & Shoulders pattern in Dow and it couldn't go above the right shoulder. We may see Dow coming near to 31000 in coming sessions.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Dow Jones Dow Jones has started forming a round top pattern ,where as many gaps were identified down side hope it will cover the down side gaps .
DJI weekly ChannelDow is trading near weekly channel support line. Reversal or break. Waiting for any confirmation.
Time to sell dow futuresIt is the best area to sell dow futures for a best reward because their is a big trend line rejection area nera 32200.
So its time to sell dow futures for a downfall of 4.5 percent in next week ahead.
Good luck traders❤️
A blood bath should be expected in next week as the dow futures can show some selling pressure below this resistance area.
Reasons behind this downfall:
1.Inflation rate at the life time high
2.russia and us conflicts
3.Dollar index at 18 years high
4. 2022 Russian invasion of ukraine.
5. Crude oil at lifetime high so this can also create pressure
There are alot of reasons to accomplish markets towards selling pressure of 4-5 percent in upcoming week.
DOW JONES ANALYSYS - What if analysis for a PERSONits a long longgg longggg term strategy at various levels of DOW JONES - take this analysis on a lighter NOTE :-)
DO NOT MAKE any investment bets based on my DJI ANALYSIS - if you are doing so i am simply not responsible :-)
#DJIReady for 29982 - 29398 / 29199.35 for a support or shall dive deep further down
No Momentum seen for upside
Rounding Top in Dow JonesWhere we are heading for...
see the weekly chart of Dow Jones it clearly showing we are in a rounding top.
And this is a bear market now till we reach 29700.
Be careful and keep stop losses ready.
Regards
