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Dowjonesanalysis

🤔 Long-term View Still Early To Call. (DJI)💰 LET'S GET INTO SOME DOW JONES ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🤷 Neutral - If you've been keeping up with the MLT Trades then you know that we got short avg. Price 26,990 on a shorter timescale. - Overall based off the 3 day chart you can see that the candles are still green, no crossover and that the ema dots have not completely lined up just quite yet. - We are in a more aggressive position on the wallet timeframe and for now will continue to hold and get a feel for how this week wants to start out. - For a longer term confirmation we are going to want to see the ema dots align red, candles shift red and crossover. - On the shorter timeframes based off my previous post on a lot of the market you know that we are leaning bearish. We won't know until long term confirmation. Best of luck to you and all of your trades this week! 🤜 Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
TVC:DJI
by UnknownUnicorn2319099
Dow Jones Back in Trend.......What we can see from dow jones previously was trading activity above trend resistance level (Red Level) followed by an interesting drop to trading activity below the trend support level (green bold line). However, the recent bullish movement have shown us the DJI is ready to continue its BULLISH movement and if we look at DJI movement currently, price level and moving upwards following this trend support and resistance line steadily (green and red bold lines). Economic data plays a large part in manipulating DJI beyond or below the trend support and resistance line as we see BULLISH continuation. Technical Analysis: Lets look in the TA perspective for DJI, we can see that DJI is obeying a an short term trend support level (drawn in blue). Interestingly, price level now is also at an important resistance level @26555 price level. We can also see it moving back in trend with price moving with in trend support and resistance level. Fibonacci Retracement also show us a rejection from 78.6 fib level and now currently testing 61.8 fib level again which I believe it will continue to fall testing 50.0 fib level where there is a strong support level there too. Having said that, I am seeing a short term bearish movement to 24000 price level before we see a BULLISH movement testing the trend resistance again as it continues to rise in the long run.
TVC:DJI
by YGForex
DOW - An Update For DOW TradersSomething interesting may be about to happen. For now I remain firm on this level of support until it is broken. Yes this may seem weird but the original support remains in place. At the moment I am working on a new bull market theory and so far it's checking out across different indexes. I have changed some counts around but other than that the waves still provide the support needed. The strange price action made me question everything so that is why. See my NASDAQ idea below to get more of an understanding of what I mean. I believe it has something to do with the inflation in the currencies that these markets are priced in, see my Gold Idea to see why I believe this to be so. Support: 25016 I will provided further updates shortly. Please LIKE and FOLLOW to get notification of updates and future posts.
FX:US30Long
by AriasWave
3
MLT Called The Top! 6.9% Gain! 🥇 (DJI)👌 Well, Well, Well.... she seemed to of had a rough Thursday just as we expected it to have. The main upward support level has been breached, which is not a good sign. What we are looking for next to be test and try to hold is not not too far away. 25k-24.6k as I have it label as a key level of support. We took this position on a 3 hour timeframe as the Crossover strategy and the ema dots shifted towards the red alignment. We will look to see if we can get a reversal here or if it decides to just melt through the bottom. 🔥🔥🔥 Best of luck to you all! 🎲🎲🎲 🥇MLT | MAJOR LEAGUE TRADER
TVC:DJI
by UnknownUnicorn2319099
1
DOW Jones - Complex Wave 4 Correction - Alternation In PlayWhen the waves don't fit your analysis go back and look at the correction properly. Wave 4 of this Wave C is not over yet. Wave D is a drawn out part of the correction and no doubt this will fool many. (No its not an ending diagonal.) I said in the previous idea that getting in too early is risky but now it's become clear what we can expect next. The rule of alternation is in play here where Wave 2 was a sharp and quick correction and Wave 4 is drawn out and choppy. We absolutely need to see an E Wave down after this current wave is over. Then we need to see the top or start of E Wave broken to confirm Wave 5 is in progress. Finally we need to see the start of the 5th Wave broken before we can say this C wave is complete. I will put out updated charts When the E Wave completes and when Wave 5 completes. Be patient and wait for these waves to play out properly. Please LIKE and FOLLOW to get notification of updates and future posts.
FX:US30
by AriasWave
1
DOW Jones - Let's Put This Into PerspectiveI have changed my wave count on this because my previous count just wasn't making sense. We are almost at the end of this mini C Wave. I consider D Waves to be breakout waves within expanded corrections and given the pressure that's building up in this market I would say this seems likely. An E Wave would likely come back to test new resistance before we see further declines. I will post an update when we get closer to the end of this C Wave as I would like to track the D wave. Please LIKE and FOLLOW to get notification of updates and future posts.
FX:US30
by AriasWave
4
#DJI.. SELL IN MAY AND RUN AWAY!.. I think that there will be a long-term correction wave in the global markets on a macro scale, and it is getting closer.. Markets will become very interesting in the coming years, we will wait and see.. For DJI, the structure I expressed in the chart is very important and should be watched carefully.. I firmly believe that, we will observe wedge pattern in the chart of many markets in the big correction wave.. What I wrote is about strong possibilities that most investors and analysts do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk.. I wish you all the best..
TVC:DJIShort
by OguzhanSengor
4
Update $US30 $Dowjonesin the last analysis We fell into the correction trap, specially with the fake crash Trap, But we stressed that the entry areas are between 24100 -- 24150, Due the high risks in the US stock market over the past week. In my own view I think that the price is trying to change the orientation specially that the correction Plan a third, both in terms of time and price. I think the price now hit the targets (the previous support level and the current evaluation) 24000 mainly and directly, and breaking the resistance means confirming the correction and targeting the level of 24900, then if it will be breached, personally I expect that we will see a new top of 25500.   Also a very important point, today the May candle opened, on the monthly calendar the price always moves near Moving Average 200, that's mean it's have to hit 25500 at least and make a new top
FX:US30Long
by AlaedineHarcha
2
SDOWI noticed a few things happening in the markets. 1. The DJIA has dropped from 29k all the way down to 18k in couple days. 2. SDOW has hit record lows while DJIA puts in lower Highs 3. VIX is still above 30 and has been above 60 during this crash. The market is pumped up by all these stimulus packages the Don keeps creating, but is still struggling to get back above 25k, while the SDOW is priced as if the DJIA is above ATH's on the DJIA, mix this with the large div between the VIX & SDOW got me thinking when the market crashes (when I said) SDOW will need to play catch up, even if the crash is not as bad % wise as the most recent crash. I am looking for $24 to enter but may close all my longs and enter soon, depends on how the market reacts today. We could stay flat today then open on Monday for 1 last pump to 26-27k next week or we could just start crashing B4 this. So I am monitoring all this as we speak.
AMEX:SDOWLong
by Big_Mike716
4