Go to fibo 0,5-0,618I think that with the break of the trend, the decline will continue and move towards the Fibonacci zone.
Dowjones
DOW Elliott Wave Analysis for Thursday 28/09/2023The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
correction wave formation in S&P 500Elliott Wave Analysis:-
correction Wave's:-
View 1:-
A wave and B wave was completed for forming a regular flat / Zig-Zag .
C wave was expected to fall upto 4197 - 4270 .
View 2:-
If the C wave never break level 4335 of A wave then triangle pattern is in formation.
D wave never break B wave.
View 3:-
If B wave go beyond 4607 it may form an irregular flat and it may go upto 4860 - 4718 .
i'm not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only.
I share my trade setup.
DOW Elliott Wave Analysis for Wednesday 27/09/2023The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
SPX Hard Reverse - - All Time Highs Within Nov.
Seeing a lot of "Depression" "2009" "Nvidia is done" extreme fear in the markets.
Shorting is fun don't get me wrong but when majority short a trend showing enormous strength with facts relating to 2009 after we've just been through the bank failures + bail outs, its time for the market to reverse, and reverse hard.
Hellena | DJI (4H): Long to sresistance area 34254.Dear colleagues, I think that the price will make a correction to the resistance area 34254. If the price does not update the minimum of wave 1, then it will be wave 4.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
DOW Elliott Wave Analysis for Tuesday 26/09/2023The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
Dowjones breakout and Potential RetraceHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 34300 zone, US30 was trading in an uptrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
DOW JONES Approaching a critical Support cluster.The Dow Jones index (DJI) has broken below the long-term Higher Lows trend-line and has transitioned into a Channel Down. The current Lower Lows leg is approaching not just the bottom of the Channel Down but more importantly the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). The latter in particular provided a Double Support Bounce on (June 01 and May 25) and hasn't been broken since March 29.
We are waiting for the first 2-day green 1D candle streak in order to buy and target (at least) the 1D MA50 (blue trend-line). Projected contact at 34450 (target). The 1D RSI has hit the 34.80 Support, which provided the bounce on the August 24 bottom.
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Dow Jones Index (US30): Breakout & Important Zone to Watch
Last week, we saw 2 important structure breakouts on US30:
first, the market violated a major rising trend line,
then, on Friday, a key horizontal support was also broken.
The broken trend line and a horizontal structure compose the expanding supply zone now.
I will expect a bearish reaction to that and a bearish movement to 33750 support.
❤️Please, support my work with like, thank you!❤️
DOW Elliott Wave Analysis for Monday 25/09/2023The primary expectation is now that wave ((b)) is finished and that we started wave ((c)). Wave ((c)) should unfold as five waves.
US30 SHORT - FOLLOW THE MOMENTUM!Waiting for a retest of 34286.5 to short US30 back to key level at 33634.6
If you agree drop a like and if you have any questions leave a comment :)
US30 BEARISH BIAS just like i told you guys again and again and again .
we dont miss , us30 broke the trendline and key level most likely going to keep dropping look for shorting positions next week.
DOW JONES INDEX FUTURES : BreakoutThe CBOT EMINI DOW JONES INDEX is showing bearish structure. An extended downside move is expected to take place after the breakout.
Crash imminent this October? Is Micheal Burry right?Stockmarkets and Indices could get very interesting starting this October here are my observations....
Dow Jones Index (US30): Important Breakout & Bearish Outlook
An important thing happened on US30 Index.
First, the index broke and closed below a major rising trend line
and closed below that on a daily.
Second, a key horizontal support was also broken yesterday.
The broken support and a trend line compose the expanding sell zone.
I suggest shorting the Index from there, expecting a fall to 33700 support.
❤️Please, support my work with like, thank you!❤️
US30 Week 38 (18/09/23 to 22/09/23)Hi Traders,
Lets look how the Dow Jones play out this week.
Monday
We open at 34639 area. Sideway for almost the whole day making the strongest move after NYSE open, peeking through the previous key level resistance 34693.
Tuesday
Price open similar level as Monday. Maintaining sideways till London Session. Tested again the 35693 Resistance before make a vast drop breaking a previous key support 34504. Reaching another key support area which is 34287. A bullish rally begins from that area returning to 34504 area.
Wednesday
Price open at the key support level. By London open, US30 continue its bullish rally breaking previous key resistance 34693. A new High was created at 34781, FOMC pushed price down back strongly breaking many previous key levels.
Thursday
Continue its bearish movement breaking a previous key level 34287 Support which by end of the day became a Resistance. Price continue its bearish trend till it reaches 34024 which was the August Low.
Friday
The day was mostly sideways. On US Session, it made a new Lower low at 33944 closing the day and week near that area.
Thank you for checking this chart out. i hope the key levels that i share will bring benefit to you. Like and follow if you like my chart.
Till next week. Enjoy your weekend
Us30 head and shoulders pattern (SELL)While the Dow Jones making the right shoulder I spotted the pattern
The pattern was in the making,not completed
So here you go
By the way this is my first published idea BLACKBULL:US30 OANDA:US30USD CAPITALCOM:US30
$DJI broke Head & shoulder & long term trend yesterdayDJ:DJI broke the head & Shoulder pattern on daily charts. However, the volume was not heavy.
AMEX:DIA also broke the up trend from the bottom in 2022
SERIOUS DAMAGE has been done the last 30 days.
We can get a bounce here BUT being Friday, not sure.
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The previous MONTHLY BEARISH moving avg crossover on the DJ:DJI happened in June 2008. We all know that year.
The RSI in 2008 showed clear Negative Divergence & it formed a Doji (cross) at the top.
2008 bear > 14k - 7 = 50%
CV bear market > 30k - 18K = 40%
2022 bear market > 36 - 28 = 22%
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Using AMEX:DIA as it resembles DJ:DJI pretty decently
IF 2021 was the top, looking more & more likely as:
RSI did not move strongly
2021 showing Negative Divergence
AND the recent rally was SUPER WEAK!
(wanted to see a stronger relative strength)
But rates can now be dropped & they can come and save the day. Very likely scenario in 2024.
Dow Jones Index (US30): Pullback Trade
US30 is on a key horizontal support.
The market looks quite exhausted after a strong bearish movement.
I believe that due to the absence of important fundamentals today,
the index may bounce to 34250 level.
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DowJones Broke an Important Support ZoneAbove is a technical overview of the US30 and the key areas to keep an eye on. Dowjones broke an important support zone and retesting again. In case of a fake out then it could turns back into the trend, and may go to the 35000$ - 35300 range. The Second Scenario If it fails to re-enter into the trend, it will fall further to 34000.
Dow Jones Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Hellena | DJI (4H): Short to support area 33679 (Wave 3). Dear Colleagues, I assume that the price will soon start corrective movement 2, after which I will consider only short positions with the aim to reach the support area 33679.41.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
