Dow Jones Industrial Average Forecast using the Blue Box Approach

Learn to trade the right side with blue boxes.

Elliott Wave Analysis

Elliott Wave Forecast’s traders and analysts use a wide range of instruments and metrics to provide our clients with the latest and most informed, accurate trading decisions. Because of the pair’s high volatility, our traders use Elliott Wave analysis to make DJIA future predictions. Elliott Wave analysis is a critical instrument that allows traders to determine the general trajectory and pattern of a given market. It also enables traders to forecast massive price movements in advance of their occurrence. Our traders employ Elliot wave structure when performing Elliot wave analysis on a specific pair, index, or asset. The Elliot wave structures are pinpoint places that enable one to determine and forecast a significant market change or future wave.

Furthermore, this allows one to sit on the right side of the trend and avoid “trading against the trend.” Our traders realize that betting against the pattern can be very costly and dangerous to the accounts of inexperienced traders. As a result, we have created specific tactics that are in line with our clients’ personal competencies. Our services assist you in making money and teach you the principles and gist of proper technical analysis.

Furthermore, our traders use various methods, including market correlations, sequences, market patterns, wave structures, Fibonacci, trendlines, and Elliot wave analysis. Such technical frameworks and analysis allow us to thoroughly evaluate every forex pair, product, stock, or asset class while remaining on the right side of the trend. These tools will enable us to orchestrate and curate areas of the charts that have a higher chance of pattern continuity or trend reversal. These fields of concern are prominently labeled as “Blue Boxes.”

Fibonacci

Fibonacci is a technique that both high-end buyers and traders commonly use. Fibonacci’s existence is widespread, and traders may use it for scalping, day trading, swing trading, and even position trading. The Fibonacci tool assists you in locating particular areas of retracement and pattern extensions at a price. For example, if a trend is rising (making higher highs and lower lows), we will drag our Fibonacci tool from the trend’s low to peak. As a result, the golden Fibonacci number of 61.8 percent will serve as our primary retracement area for a further step to the upside. Fibonacci is commonly used in tactics such as “buy the dip” and “sell the rally.” Elliott wave forecast traders heavily rely on the Fibonacci in their technical arsenal. Fibonacci is used for a variety of purposes. For example, we use Fibonacci to determine possible retracement levels and profit target levels (by using Fibonacci extensions). We also use it to orchestrate the high-frequency inflection areas of our “Blue Boxes.” With Elliot’s wave forecast at your fingertips, the days of searching Google for “Dow Jones Signals” are long gone.

Trendlines

Trendlines are one of the simplest and most commonly used technical tools. Most traders use it because of its convenience and ease of use. However, most beginner or intermediate-level traders are unaware of trendlines’ ability or do not know how to use them properly. In a nutshell, trendlines are used to assess and comprehend the strength of a particular trend. For example, if the drawn trendline is steeper and more aligned, it indicates that the trend is powerful. If the trendline is less steep and not aligned at all, it indicates a prolonged trend. The trendline helps us consider the strength of the trend and makes better trading decisions. Elliott wave forecast analysts use trend lines as a point of convergence with a variety of technical instruments. For instance, we employ trendlines in conjunction with the RSI indicator and a proprietary distribution system. This enables one to determine the conclusion of a particular period.

Market Correlations

Trading Dow Jones with an existing correlation can be an excellent idea for most traders. Market Correlations give you an extra confluence and edge over the markets. They are pretty strong when making trading decisions. The Best correlation for the Dow Jones is gauging the Bond Prices. If the bond prices are rising, the Dow Jones index tends to go down, and when the bond prices are going down, Dow Jones appreciates. This inverse correlation sometimes works in prime market conditions.