Big Move Coming for Dow Jones? Market Analysis & Trade Setups Inside!
Big Move Coming for Dow Jones? Market Analysis & Trade Setups Inside!
Big Move Coming for Dow Jones? Market Analysis & Trade Setups Inside!
Big Move Coming for Dow Jones? Market Analysis & Trade Setups Inside!
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Chart Pattern
- The chart shows a downtrend for most of the time frame, followed by a recovery attempt.
- Multiple lower highs and lower lows are visible in the downtrend.
- A potential trend reversal is seen with price crossing above moving averages.
- There is a formation of higher lows towards the end, indicating potential bullish momentum.
Trend Analysis
- Short-term: Bullish reversal attempts are visible with price breaking above resistance levels.
- Medium-term: Still bearish as the price has struggled to break major resistance.
- Long-term: Downtrend, but signs of a possible base formation.
Upcoming Events
- Need to check macroeconomic factors, earnings reports, or Federal Reserve statements that may influence market movement.
- Keep an eye on geopolitical events and interest rate decisions.
Volume Analysis
- Higher volume seen at reversal points, indicating strong participation.
- Consistently declining volume during downtrend suggests weak selling pressure.
- Spikes in volume near support and resistance levels confirm key price zones.
Final Takeaway
- If the price sustains above moving averages, further upside is possible.
- If the price fails to hold current support, another leg downward could follow.
- Breakout and breakdown strategies should be considered based on price action.
Breakout Strategy (Bullish)
- Entry: Above 42,000 (confirmation required with strong volume)
- Stop Loss: Below 41,500 (recent support level)
- Target 1: 42,500 | Target 2: 43,200 | Target 3: 43,800+
Breakdown Strategy (Bearish)
- Entry: Below 41,300 (break of key support with volume confirmation)
- Stop Loss: Above 41,800 (recent swing high)
- Target 1: 40,800 | Target 2: 40,300 | Target 3: 39,800
Disclaimer
This analysis is for educational and informational purposes only. It does not constitute financial advice. Always consult a professional before making investment decisions.
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