Hello my fellow traders and news people, I would like to show you this because it is a nice bit of information and can be quite revealing; it can help us connect many dots. The DJI is poised to produce a correction based on normal cyclic market action. Based on the classic fluctuations wee see of prices moving up and down, like the waves in the sea. Today we can...
🟢The Dow Jones Index has recently begun its ascent towards its historical highs again, after reaching a new peak and undergoing a brief correction. It seems poised to surpass this level once more. 🟢Analysis Highlights: 🔸Combining Fibonacci extensions and Elliott Wave theory, the ultimate target for the current leading wave is pegged at the historical ceiling of...
📈🐂 Breaking News! 🐂📈 🚀 DOW JONES SOARS to New Heights! 🚀 The bulls are on an unstoppable rampage, smashing through key resistance levels like a hot knife through butter! 🔥💪 This week witnessed an impressive breakout, with the DOW JONES surging past another significant barrier with sheer bullish force. 📈💥 ✨ What's Next? ✨ With the bulls clearly flexing their...
The Market has been trending and Dax has been a relative strength leader Daily: Formation of 1-2 RTM set Up Lows Rejected and expecting Continuation in the afternoon as its currently Lagging Indices Buys at the current Support
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Dow Jones keep breaking key levels. This week we saw a breakout of a one more significant resistance. Bulls clearly show their power. I will expect a further bullish continuation. Next resistance - 39850 ❤️Please, support my work with like, thank you!❤️
📈 US30 Market Update: Bullish Breakout and Upward Trajectory! 🚀 CAPITALCOM:US30 Exciting developments in the US30 as we witness a significant breakout from the previous downtrend, moving past key resistance zones and gearing up for further upward movement. Here's a comprehensive analysis of the current market situation and the opportunities it presents: ...
It is expected that the current upward trend will end at the resistance levels and we will see the beginning of the corrective trend. Otherwise, the movement process will continue according to the blue color path
Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over. I assume that the correction is now in priority, so 2 variants of events are possible: 1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67; 2) The correction will start soon without a new high, but in this case we will have...
US30 We are buying, waiting for the market to activate the purchasing zone we have specified
Here is our detailed technical review for US30. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 39495.19. Taking into consideration the structure & trend analysis, I believe that the market will reach 39599.16 level soon. P.S Overbought describes a period...
Hey Traders, in tomorrow's trading session, we're eyeing a potential buying opportunity on the US30 around the 39730 zone. The US30 is currently amidst an uptrend but undergoing a corrective phase, nearing the crucial support and resistance area at 39730. The Dow Jones Industrial Average and the US Dollar Index typically exhibit a negative correlation due to...
🚀 US30 (Dow Jones) Breakout Alert 🚀 Hello Traders, Exciting news on the US30 (Dow Jones) front! The index has successfully broken through the key resistance level around 39,990 and is currently trading at 40,023.9. 📈🎉 Key Points: - Resistance Breakout: The price has moved past the crucial resistance level, indicating a potential bullish continuation. 🚀 - Body...
The DJIA (US30) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 39,598.96 which is a pullback support. Stop loss is at 39,250.00 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement level. Take profit is at 40,045.66 which is a pullback resistance at the...
In 1 hour, we are expecting US PPI report. Ahead of the release of that data, I see a bullish price action on US30. After a test of an intraday support, the Index started quite a long correction within a narrow horizontal range. Its resistance was broken with a strong bullish candle, indicating the strength of the buyers. The market may bounce. Goal -...
We should wait for the US30 to break through the pivot point for a potential breakthrough.
*I am in no way a financial advisor and this post is not advice. This post is only opinion based off major support and resistance levels & market structure. Us30 is currently traveling towards the high within daily resistance area. While price is resting on support we have positioned ourselves for a buy with stop loss right below structure of pattern on the...
DJIA (US30) could fall towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 39,065.38 which is an overlap support. Stop loss is at 38,500.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at 39,598.96 which is a pullback resistance. High Risk...