dow jones - us - 30 corrective wave forming in sub-wave impulse complete and sub-minute continue
Dow jones short, enter at 33380-33410, stop-loss at 33430, first target at 33300, thank you.
In charts its clearly distribution and supply zone added with headlines of recession headlines indicating more down side for Dow
during study SMC my short analysis is that us 30 would fall sharply from the marked level ....
Dow Jones in clear downtrend reaching now major resistance level to downtrend line ,Expecting price to fall from currel level area to lower levels of 32500 to 32000 this week.
3 confirmation for downmove 1. Rising wedge 2. bearish divergence 3. shooting star formed at top
Dow is at a zone where supply was seen previously and today we need to wait and watch for clear direction.... any move above or down will give further direction to Dow today and till friday EOD
Simple explanation of Huge rally would be sufficed with big drop or at least some downward momentum.
DJI is at near to supply zone and breakout could lead to short covering.
Trading rule: Plan 99% on the weekend. Focus 100% on execution during the week. Plan like a genius, execute like a robot
Info and trend is similar to that of S&P500 after Feb data and meeting resulting in Sell in Equity and also long term bearish trend for 2023.
Dow Jones, the widely followed stock market index, has experienced a decline in recent days after a strong upside rally from October to December 2022. Technical analysis reveals that the index has broken an important support level and is showing a bearish trend. Additionally a Harmonic bat pattern has emerged, indicating a potential minimum target of around...
dow jones current price 32000 my analysis dow jones regular go down side 5 wave break 31000
Nothing has changed on the DOW counts ... So dont panic..... we are still on course for 38000 with time on a weekly basis. ONLY 1 ALTERNATE counts exists.... let it play out 1st to a degree where I have to warn you all again.... but for now.... NO..... Remember the Larger the DEGREE of the WAVE, the MORE time it takes to play out. So NOTHING happens immediately
looking for us30 buys off confirmation DO NOT TAKE MY TRADES i oproivde little info
I would like to share my analysis on the Dow Jones stock. Currently, Dow is facing stress at the 32587 level which is acting as a resistance. Based on my analysis, I believe it is a good time to take a short position from here. I predict that Dow is moving towards the 29534 level. Thank you for considering my analysis. Best of luck with your trading.