US30 short - 0.786% rejected
Hello analysts and traders -
We have our chart here to show our thoughts behind the Dow Jones Industrial Average .
Technicals
All time high peaked before the impulsive move to the downside - as the all time acts as a supply zone providing key wicks which show and imbalance between buyers and sellers.
After the impulse - the price showed a hammer - indicating a reversal signal for buyers - plus on a month
Dead cat bounce - to create a quick rally up to show - a V-shaped recovery.
Refer to VIX and S&P, XAU analysis for further insights for correlations.
Pay attention to safehaven pairs for investors moving assets to ensure cash is spread to diversify.
Fibonacci levels - we took the high to low approach - and upon the retracement we saw 0.786 hit our zone and reject.
VIX - analysis shows the trend line has been touched to instill confidence in investors, however the trendline looks to be rejecting and creating a strong buy opportunity, meaning indices sell off opportunity.
Fundamentals
stimulus package from central banks - propping up the stock market but are they really saving businesses small, medium enterprises?
Heath crisis
Travel industry shut, but opening slowly, however the world will disobey opening warnings and decide otherwise on best to take action for themselves.
With northern hemisphere summer travel will be an opportunity to experience a vacation from key countries with no quarantine, however spreading will be inevitable this way.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
We have our chart here to show our thoughts behind the Dow Jones Industrial Average .
Technicals
All time high peaked before the impulsive move to the downside - as the all time acts as a supply zone providing key wicks which show and imbalance between buyers and sellers.
After the impulse - the price showed a hammer - indicating a reversal signal for buyers - plus on a month
Dead cat bounce - to create a quick rally up to show - a V-shaped recovery.
Refer to VIX and S&P, XAU analysis for further insights for correlations.
Pay attention to safehaven pairs for investors moving assets to ensure cash is spread to diversify.
Fibonacci levels - we took the high to low approach - and upon the retracement we saw 0.786 hit our zone and reject.
VIX - analysis shows the trend line has been touched to instill confidence in investors, however the trendline looks to be rejecting and creating a strong buy opportunity, meaning indices sell off opportunity.
Fundamentals
stimulus package from central banks - propping up the stock market but are they really saving businesses small, medium enterprises?
Heath crisis
Travel industry shut, but opening slowly, however the world will disobey opening warnings and decide otherwise on best to take action for themselves.
With northern hemisphere summer travel will be an opportunity to experience a vacation from key countries with no quarantine, however spreading will be inevitable this way.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
