DJI trade ideas
DJI ---- bullish / bearishyou can see here it is moving in 5th wave so now we can say that it may reverse from between those green lines which are 38% and 50%
possible DOW interpretationoverall dj picture incoroporating long term trendline, upward channel, megaphone pattern, and post-covid market manipulation/fed bubble. megaphone drawn to incorporate the most candles, not necessarily tail vs body or green vs red - just the most overall consistent touches. not a prediction of any sort. but poss lower end around may 2024, around 50% correction.
Dow Jones DJI Strong SellJow Jones Breakdown trend line, hope fall continue till 31000 to 31600 levels....💥
Price Action Events Analysis- US Fed Interest Rates The Price action is for the dates specific to US Fed Interest Rates news and it's reaction to market. Commonly known as taper tantrum & quantitative easing .
Post pandemic we will be seeing these similar events since this happened after 2008 collapse we might view repeat of history.
The view is how market reacts to news or specific event. Booking profit & exiting/ hedging against shorting selling would be good idea before fed events further. For Educational Purpose Consult your financial advisor before taking trades. Facts borrowed by Open Source News & Wikipedia.
DJI - Dow Jones INDEX Gap Filling ?
As seen in Chart DJI has given huge Gap Down in today’s session and it can head towards its weekly support of 33153.
If Today’s Gap Down is not filled then we may break 33153 level and head towards 31496 or 30996.
If these bearish views are successful then be careful in your long positions since it has been observed that US markets impact other markets globally and Indian Markets (Nifty and Sensex) fall will be more serious.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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DJI Downside levels for DJI if it continues to correct further. It have already broken down the upper channel and now may test the given levels if breaks 50EMA as well which is currently acted as major support.
Dow Jones ! (inverted) will it go up or down Inverted chart of DJI, Beautiful rounding bottom. Ready to go up "I mean down" ;)
Aj main Gira ho kal Tu GiregaDow Jones has break down the crucial support of 33562 as earmarked on the chart too. It was clearly indicated by the chart that the trend has been reversed and it's like a rounding top pattern and ready for the nose dive. Today US markets surpassed the support levels and fallen down and indicating Monday that Nifty now your turn baby to fall in my arms.....!!!!
Dow jones DJI form double top.Dow jones : it forms double top pattern, Deep correction may come soon. lower levels 32525 and 31750
DJI - CMP: 34150 Wedge Breakdown possibleWedge pattern breakdown possible. Closing below 34150 can drag DJI to a lower level up to 30600.
DOW Futures - Long entry DOW Jone future has been trading in a range for last few weeks - 33300 being the lower of the range and 35100 being the upper of range
during this consolidation - 50 DMA has acted as strong support and 20 DMA is acting as a dynamic trendline for DOW Futures
Possibilities
Strong possibility - during the consolidation of such magnitude it makes sense to test both lower and upper range at least once. it has tested lower range possibility of testing higher range would be very high
34500 is the magnetic price line for this range.. more than 90% of candles has touched this price point during consolidation.
Long Entry - whenever DOW futures test 50 DMA
SL - close below 50 DMA on a daily basis
Target - 35100
Dow Jones- Critical JunctureDow Jones is trading at a critical juncture. Any close above 35200 can lead to a new rally which could be very big. A break out the trendline could result in it coming down to 29400 levels which is 20 EMA. This could impact all markets.
Dow Jones will show you Targets given in chartDow Jones may show you targets as shown in chart within 3-6 months
