Today we will discuss the Dow Jones Industrial Average Index technical analysis in a Daily timeframe chart. DJI finished its ascending trend after breaking below the ending expanding diagonal pattern. As you can see, we have a major pivot in Support Line. I expect Dow Jones to make the same movement as Wave X (Near the Important Resistance Line), and then it will go DOWN again, probably at my TRZ (Time Reversal Zone).
We have Two Scenarios here:
Scenario 1: DJI will make the Expanding Leading Diagonal.
Scenario 2: DJI has passed the corrective waves by Double Zigzag Correction and We have to wait for breaking the Resistance Zone by DJI (Low Possible).
Dow Jones Analyze (DJIUSD), Timeframe Dailyā°(Log Scale)
š“Resistance zone: 33700$ until 33260$
š¢Support Zone: 31260$ until 29680$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ā ' like'ā button šš & Share it with your friends; thanks, and Trade safe.
We have Two Scenarios here:
Scenario 1: DJI will make the Expanding Leading Diagonal.
Scenario 2: DJI has passed the corrective waves by Double Zigzag Correction and We have to wait for breaking the Resistance Zone by DJI (Low Possible).
Dow Jones Analyze (DJIUSD), Timeframe Dailyā°(Log Scale)
š“Resistance zone: 33700$ until 33260$
š¢Support Zone: 31260$ until 29680$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ā ' like'ā button šš & Share it with your friends; thanks, and Trade safe.
Note
Running Wellā
Note
Running Wellā
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šWelcome than a 50% bonus(Low Spread)švtm.pro/Y3AV7r
šGet a 20% Discount on your trading FEE on BYBIT:špartner.bybit.com/b/PEJMANZWIN
šGet a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)šlbank.one/join/uBythQd
šGet a 20% Discount on your trading FEE on BYBIT:špartner.bybit.com/b/PEJMANZWIN
šGet a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)šlbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.