Dow Jones is almost oversold on its 1D technical outlook (RSI = 31.431, MACD = -279.330, ADX = 39.462) and is approaching our TP = 37,300 that we called nearly one month ago. The target will be a direct hit at the middle of the long term Channel Up and approach the 0.382 Fibonacci. As long as the 1D MA200 supports, we will then reverse to buying, at least on the...
We are on track and going very nicely to what we wanted before we go with the market. Keep holding that patience and stop those fingers from executing any trades. As we move lower, think of possible moves which could invalidate the forecast: Bull momentum taking over New rejection level Fake outs to the downside Major news announcements Wrong psychology Wait,...
Medium safe buys because there was no HTF POI mitigation. What do you think? LQP = Liquidity Pool 2WT = 2 Way Trap
Bitcoin has a insane large descending triangle or wedge which already broke out from the upside and will have a bullish continuation until end of the year most likely. S&P, Dow, Nasdaq have all a large descendinge broadening wedge which is ultimately bullish. Momentum is being built up and we can foresee a sudden but steady rise as well. Gold has been hammering...
DJ30 could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 37,665.45 Why we like it: There is a pullback support level Stop Loss: 37,247.85 Why we like it: There is a pullback support level Take Profit: 38,250.77 Why we like it: There is a resistance that aligns with the 161.8% Fibonacci...
Dow Jones (DJI) is forming this week the first MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross (when the former crosses above the latter) on the 1W time-frame since September 2016 (assuming January/ February 2021 was flat due to the COVIC flash crash). This on its own is a major long-term buy signal, especially since the 1W MA50 has been...
Hello Traders Investors And Community, welcome to this update-analysis where we are looking at the DOW JONES Industry Index 4-hour timeframe perspective, the recent price-action, the current importances in the structure, what to consider next times and how to handle upcoming situations in the right manner. As the overall stock-market is recovering from its...
TRADE IDEA: US30 4H been a while looking at indice market,but today US30 caught my eye as the market strongly rejected at weekly price level 35678.81 giving us those strong bearish candlesticks all the way till 35217.91 then we had a bearish correction,as i prepare to look for selling opportunities just below my monthly resistance level 35480.23 where we can see...
Im buying this currency pair based of monthly key levels and the consistent higher highs on a daily time frame, it has higher lows also so i dont want to be caught selling.
US30 last week was positive for DowJones and raised 2.25% so this week will move inside the circle which means will try to touch 34580 also and then will drop to reach 34260 however this week NFP will affect the market on Thursday and Friday and generally, 34170 is a strong support for this week and 34580 is a strong resistance pivot price: 34260 support ...
Dow Jones touched the 4H MA50 and bottom of Channel Up 2 that is dominating June's price action. Naturally, the 1D technicals are bullish (RSI = 63.354, MACD = 250.370, ADX = 14.024) and the 4H ones marginally neutral, which indicates a short term buy opportunity. With the 4H STOCH RSI making a Bullish Cross inside the oversold zone, that is technically a buy...
This is my my "Sunday" review. I'm slightly fluish but that still is no excuse to being a slack. Here we have US30 (A pair I actually didn't have the belief I'd be able to trade) From the Daily, we can see we are forming a pennant and in previous weeks we have broke an uptrend, retested and continued. So we know we have hit all 3 points on both sides. Move down...
Today's world is a world of economic bubbles and rapidly changing technology. From cryptocurrencies to the dollar, from printing presses to centralized digital currencies, these are all part of our lives. However, with the arrival of CBDC (Central Bank Digital Currency) could be the beginning of the end of the bubble era. Currently, many investors and traders...
Dow Jones is currently on the 3rd straight green 1W (weekly) candle above the 1W MA50 (blue trend-line), testing the top of the 4-month Channel Down. We have previously seen almost the same pattern during the 2015-2016 correction (E.U./ China/ Oil crisis). A fake-out below the 1W MA200 (orange trend-line) initiated a rebound above the correction's Lower Highs...
Dow Jones hit today the 4hour MA200 and closed a candle above it for the first time since February 20th. This price action is simply confirming our long term trading plan (see chart below) where we bought the bottom aiming at the top of the Channel Down. Target intact at 33450 (is also a Harmonic Resistance). Previous chart: Follow us, like the idea and...
Dow Jones broke above the Falling Resistance for the first time in 2 weeks. The is the first bullish signal since the Triple Bottom but has the Pivot Zone 1 and the MA200 (4h) to overcome. Trading Plan: 1. Buy as this is a major bullish break out supported by the MA50 (4h). Targets: 1. 33300 (Fibonacci 0.618). Tips: 1. The RSI (4h) is on a Rising Support. In...
Seems toooo good to be true? Taking short positions on US3 on RS and TL - follow for more
Dow Jones (DJI) followed the exact trading plan that we published last Wednesday as it rebounded on the 4H MA200 (orange trend-line) and today reached the Resistance Zone of 34300 - 34370(August 16 and January 15 Highs respectively). This keeps it neutral as we expected within the rough 33640 - 34180 Scalping Range: The 4H MA50 (blue trend-line) has assumed...