IvanLabrie
Long

Dow Jones Industrials: Downtrend until the 14th

FX:US30   Index of top 30 shares on Wall Street
Levels on chart, estimated time for the downtrend conclusion is August 14th.
I'll be monitoring the support levels below to go long.

The boxes represent the earnings season range and I plotted the 50% level, as depicted in Tim West's publications. You can clearly see the reaction to it in the chart.
I also added the 66, 253, 50 and 200 EMAs as well as the options expirations support and resistance lines indicator.

Going short now is a bit late, so I'll wait for the long entry.
If the fear spike support fails to hold, the result could be an extended decline, but it's not likely to happen yet.

Good luck,

Ivan.
IvanLabrie PRO IvanLabrie
snapshot
Reply
IvanLabrie PRO IvanLabrie
1 atr stop buy here.
Reply
We might see an equities rally next.
If above the earnings level on purple, invalid if we get new lows.
Reply
Placed a small pending long at 17628, stop at 17125.
Will scale in and manage it if triggered.
Reply
Looking to see if the target area holds for longs.
Public sentiment is getting really, really bearish.
I'll wait patiently.

snapshot
Reply
IvanLabrie PRO IvanLabrie
The reaction to the green zone on chart today was really strong!
Might have been 'the' low.
I'll watch it, I'd rather take a confirmed long entry.
Reply
Downtrend failed but the mode rejectes price on a retest. Looks bearish, rgmov points down.
I'm watching for shorts, not much to do for now.
Reply
Placed a pending long above 17659, stop at 17275. No tp.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out