Hello traders. I think the Dowjones will move up from the support areas identified.
Hello traders. I think the Dowjones will move up from the support areas identified.
H4 - Price is bouncing higher from a strong support zone. Bullish convergence. Bullish hidden divergence. H1 - Bullish convergence. Until the strong support zone holds my short term view remains bullish here.
Long DowJones30, smart money is Going to fill their bags at 30900-30600 levels.
Market Structure: Uptrend on a channel Area of Value: Pullback Entry: Bullish candle after pullback Exit if Right: 1:2 RRR in tranches Exit if Wrong: previous swing low invalidating the set up RRR: 1:2
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.