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Dow Jones - Touch of main downtrend line

Thursday, 2019-01-31








Dow Jones - Rising Wedge - Zoom into m5

Saturday, 2019-01-19








Dow Jones - Rising Wedge

Saturday, 2019-01-19








Dow Jones - Expanding Diagonal

Saturday, 2019-01-19








Dow Jones - Rising Wedge

Wednesday, 2019-01-16








Dow Jones - Sideways Consolidation

Tuesday, 2019-01-15








Dow Jones - Rising Wedge within Rising Wedge

Saturday, 2019-01-12








Dow Jones - Ascending Triangle within Rising Wedge within Rising Wedge

Friday, 2019-01-11








Dow Jones - Rising Wedge

Thursday, 2019-01-10








Dow Jones - Current Channels

Saturday, 2019-01-05








Dow Jones - Expanding Diagonal

Friday, 2019-01-04








Dow Jones - Current Channels

Thursday, 2019-01-03








Dow Jones - Current Channels

Wednesday, 2019-01-02








Dow Jones - Downtrend Channels

Sunday, 2018-12-30








Dow Jones - Current Channels

Friday, 2018-12-21








Dow Jones - Accumulation and Distribution

Friday, 2018-12-21








Dow Jones - Symmetrical Triangle with False Breakout

Wednesday, 2018-12-12








Dow Jones - Symmetrical Triangle about to break out

Wednesday, 2018-12-12








Dow Jones - Falling Wedge forming at All Time High

Sunday, 2018-12-09








Dow Jones - Current Channels

Sunday, 2018-12-09








Dow Jones - 5th Wave resulted in 510 Points Drop

Thursday, 2018-12-06








Dow Jones - 5th Wave possibly ahead

Wednesday, 2018-12-05








Dow Jones - Current Channels

Tuesday, 2018-12-04








Dow Jones - Current Channels

Sunday, 2018-12-02








Dow Jones - Current Channels

Wednesday, 2018-11-28








Dow Jones - Possible Breakout of Head and Shoulders-Pattern

Wednesday, 2018-11-21








Dow Jones - Current Channels

Wednesday, 2018-11-21








Dow Jones - November Channels

Monday, 2018-11-19








Dow Jones - Current Channels

Saturday, 2018-11-17








Dow Jones - Current Channels

Friday, 2018-11-16








Dow Jones - False Breakout broadens Downtrend Channel

Thursday, 2018-11-15

The False Breakout of the cyan-colored old Downtrend Channel established a new wider pink-colored Downtrend Channel. After price rebounded from the new pink-colored upper Downtrend Channel Line it left the green-colored secondary Uptrend Channel to the downside. This led to the formation of a new red-colored secondary Downtrend Channel through which price reentered the cyan-colored old Downtrend Channel.







Dow Jones - Possible forming of Shoulder Head Shoulder-Pattern on its way

Tuesday, 2018-11-13








Dow Jones - Chart including premarket hours shows touch of UpperDowntrendChannelLine

Tuesday, 2018-11-13








Dow Jones - Breakout of dark blue Upwardchannel led to 646 Points Drop

Tuesday, 2018-11-13








Dow Jones - Current Channels

Monday, 2018-11-12








Dow Jones - Downtrend Channel

Sunday, 2018-11-04








Dow Jones - New monthly Low after False Breakout of Descending Triangle

Tuesday, 2018-10-30

The 30-minute-chart of the Dow Jones Industrial Average shows a Descending Triangle (blue drawing) which had formed last week. After the Index had opened with an UpGap on Monday the Triangle made a False Breakout. Price then bounced back from the Main DowntrendLine (long luminous green line) and dropped 920 Points straight marking a new Monthly Low.







Dow Jones - Descending Triangle formed below Main DowntrendLine

Monday, 2018-10-29

The 30-minute-chart of the Dow Jones Industrial Average shows a Descending Triangle (blue drawing) which began forming with the latest rebound from the Main DowntrendLine (long luminous green line). Within that Triangle an Inner Downtrend has developed recently (short luminous green line drawn within the Triangle). Descending Triangles usually tend to break out to the downside. Should this Triangle break out to the downside then a downward move of about 820 Points is to be expected.







Dow Jones - Falling Wedge could be forming

Wednesday, 2018-10-24

The 15-minute-chart of the Dow Jones Industrial Average currently seems to display the formation of a Falling Wedge.
Falling Wedge Patterns in a Downtrend are usually predicting an upcoming Reversal.







Dow Jones - Breakout of Descending Triangle marks new October-Low

Wednesday, 2018-10-24

The Descending Triangle (blue) which we discussed here last night broke out to the downside. After breaking Support at 25240 Points (red line) price retested the 25000 Points-Mark as expected and then went on to mark a new October-Low at 24770 Points. The 15-minute-chart of the Dow Jones Industrial Average shows the current main DowntrendLine (luminous green) and the former main Support-Line (red) at 25240 Points which now has turned into Resistance. After marking the new October-Low price bounced back to the main DowntrendLine once again. This Descending Triangle Breakout led to a 546 Points Drop followed by a 539 Points Recovery at its peak all on one day.







Dow Jones - Descending Triangle forms at main Support-Level

Tuesday, 2018-10-23

The 15-minute-chart of the Dow Jones Industrial Average shows the current main DowntrendLine (luminous green) and the current main Support-Line (red) at 25240 Points. For the past 4 consecutive days most of the time the Index kept moving downward running exactly along the main DowntrendLine. In between it made 2 attempts to break through the main Support-Line, which both failed as price bounced back to the main DowntrendLine. Right on the main Support-Line a Descending Triangle (blue) has formed. Should the Descending Triangle break out to the downside then a retest of the 25000 Points-Mark is to be expected.







Dow Jones - Double Top at All Time High

Saturday, 2018-10-20

The weekly chart of the Dow Jones Industrial Average currently seems to display the formation of a Double Top at its All Time High.
If that should prove true we could see a major Reversal which would possibly end the currently 10 years lasting Bull Market.







Dow Jones - New BreakoutLine formed after False Breakout

Friday, 2018-10-19

After a False Breakout (light blue sketch) out of the Symmetric Triangle (lilac) price met strong Resistance along the new BreakoutLine (luminous green). The last of several failed Breakout attempts finally led to a further price drop of 445 Points. That strong downward move only came to a halt when it hit intermediate Support at 25 240 Points (red horizontal SupportLine). This point is also intersected by the former BreakoutLine of the Symmetric Triangle (upper lilac downward sloping line). Neither that old Triangle BreakoutLine nor the intermediate Support Level at 25 240 Points appear durable and the Evening Star-like Candlestick Pattern which the daily chart currently displays does not add much confidence either that the current Downwardtrend is coming to an end already this week.







Dow Jones - Downtrend still intact unless 26 000 is reconquered

Wednesday, 2018-10-17

The 5-minute-chart of the Dow Jones Industrial Average shows the Breakout of a Symmetric Triangle (purple drawing on the chart). Tuesday's 530 Points recovery made halt just 150 Points below the current DownTrendLine (blue BreakoutLine on the chart). Price should be expected to slightly break the current DownTrendLine but then bounce back at the Resistance it will meet at around 26 000 Points. The current Downtrend stays intact if that Resistance level holds.







Dow Jones - Elliott Wave-Analysis

Friday, 2018-09-07

The daily chart below shows the Dow Jones Industrial Average since the beginning of this year. The following Analysis is based on Elliott Wave Theory and as always with Elliott Waves this Analysis is only one of perhaps many possible different interpretations. On the left of the chart we see the All Time High which was reached by the end of January and that marked the end of a 3rd Impulse Wave (3). In February and March a Corrective Zigzag with a Truncated Wave C formed as a 4th Wave (4). From April on a Diagonal Motive 5th Wave began to emerge (5). If that 5th Wave fails to exceed the All Time High from January than we might have a Bull Market Truncation which could mark The End of the current 10-year Bull Market.







Dow Jones - New Range establishing

Sunday, 2018-08-19

After rising above 24 400 points for the very first time early December 2017, the Dow Jones seems to be establishing a new Range above that level with the lower boundary of that Range beeing 24 400 points. With another breakout through the 24 400-level early July the Dow Jones now takes its 2nd attempt to take hold above the 24 400-level.







Dow Jones - Upward Channel

Wednesday, 2018-08-08

Currently the lower boundary of the blue Upward Channel runs at 25 400 points. Furthermore the High from which the green Breakout Line starts is also located at 25 400 points. From this it should follow that 25 400 marks a quite strong Support.