DJ30 has broken its support. Bearish fundamentals with recent news from US. Will close half position's profit @ 1:1 when there is historical support. Will take chances and will continue the trade for possible 1:2
Hello to all Due to the declining spike that is continuing If this support level works in 4-hour timeframe and if we see a green candlestick with a big body I think we are entering a downtrend channel or trading range So my personal belief is to look for sales opportunities
Very tight Sl, but let's see what this does. 4H Key level has been tapped nicely. Risky entry since Bear market has been so crazy, so manage rislk accordingly.
Market Structure: Downtrend Market Area of Value: Support Entry: Bullish candle on support Exit if Right: 2 tranches, possible trend following Exit if Wrong: Right below previous swing low RRR: 1:3 Trying to catch quick rally, as there is a huge support that hasn't been broken before.
We are finally reaching into a very large 4H Supply Zone, and i am hoping to see RSI Divergence form on the 15min for an entry. With 15min RSi Setups i always use 35pts (350pips) and target 1:7RR. Happy trading!
Here we hvae a very nice 15min RSI Divergence setup on US30. The thing with US30, since it's so volatile is that through backtesting, i hvae come to see that when the 15min shows RSI divergence you are usually able to catch a very nice trade, on the upwards of 1:10 -1:20 RR.
See you all in couple of years on this one. Gonna leave it for the young ones to keep an eye on it.
As DowJones have fallen badly last day.. now its in highly recovery mode now.. Best opportunity to make any entry in it. Go for a sure buy in it.
There is no buyers moving in after fake rally against the market direction and I personally confused about the reaction of price to H+ levels but I think this H+ will fail finally and price goes to the end of symmetrical leg 3 Happy trading <3
DJ30 Trading idea and analysis based on price action expecting some pause move before upside firing
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Despite the bullish nature of us30, the downtrend is confirmed. It's probably temporary, but for now we'd better not risking on getting long and just focusing on short positions. The drawn figure is just a scenario which has more than 50% probability and nothing more. In shorter timeframes I am looking for a suitable short entry situation. And if each one of Lower...
Here on the DJ30 it has crated consolidation and a double bottom I predict it will go up to the next resistance line.
The analysis is based on weekly and daily time frames, the market surged after the strong comments from FED chairman Powel at the meeting of 17th March, the increased interest rate but Powel made people sure that the economy is strong enough and far from any recession. But some big investors think their were some dark clouds on this meeting, hence this is the last...
I think its a good time to stack a long on the Dow Jones Industrial Average here. Oil and Commodities look toppy and im expecting profits to roll out into equities any time soon! Maybe even this week! Im long
Yes my future bias is DOWN, however, in 1929 we had a blow off top and in todays price that impulse blow off top would start from around $32-33k for DJIA. I am thinking we have one more leg up left in the Dow Jones!
As shown in the chat, the 20ma has now crossed the 50ma, which only happened once before for the DJ30 which was at the start of the March 2020 stock market crash.