DOW in a tight range despite major news flows. It's 11th August here in India, 10th August is the trading day in USA. Dow has been in a very tight trading range for nearly 7 trading sessions. It is remarkable however that it is trading above its key support levels of 34500. Waiting eagerly for its breakout in either direction which will propel a strong rally of 1000-2000 points in DOW JONES index and will be a bellwether for the markets.
DJI trade ideas
US 30 ShortRisk 0.5%
TP1 = 1:1 RR
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DJI forming new downward Channelconsidering the two pivot points in the last few trading sessions, DJI has formed consecutive lower highs and lower lows, thus a possible new downward channel.
currently, the price is at 200 ma, which could act as a support and give a pull up.
35,400 is a good resistance level.
DOW JONESENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : 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 on the verge of ATH breakout ... Expecting 15% upsideDOW weekly charts on the verge of ATH breakout ... Expecting 15% upside in next 7/8 Months time period.
With Fed Rate Hikes at end of further increase & DOW inching towards ATH ... we can see BULLISH markets globally for next 7/8 Months.
Nifty 15% from Current Levels gives targets of 22800 by Budget 2024.
Happy Diwali in Advance to all my Investor Friends/Followers.
us30head and shoulder breakout seen in this and head bottom @ trendline support and right shoulder bottom @ also on trendline support
buy us30 34300 add more 33950 closing stoploss below 33778 tg 34918-35506-36896
Dow Jones Ready for Next Bullish Move. Dow Jones looks good on weekly timefreame . It made an inverted Head and Shoulders pattern and given breakout with bullish candle.
#Resistance Level :- 35431, 35828, 36000
#Stoploss Level :- 34762-34475 strong support level
#Entry :- Above 35000
#Stoploss :- 34369 strictly follow SL.
#Target :- 35925 is first Target and second Target above 36000.
# Risk_Reward_Ratio :- More than 1:2 .
Note : Only Educational purpose.
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Dow JonesThis chart of the Dow too was posted a few months ago. It is all self explainatory..... We are BARELY surviving above the ...... MEDIAN....... Do not be OVER ENTHUZIASTIC at this stage. Even if we move up a few points from here.... Time to be CAUTIOUS on Markets the World over now. It is better to stay invested in Deliveries rather than Futures