$US30 is approaching a major hurdle with Double Top formation in place. If this hurdle is crossed and if $US30 manages to close above 35650 levels for consecutive 2 Days, then Sky would be the limit for $DowJones and $US30. Then DowJones would enter into a new orbit and will form its own new support and resistance levels above the current levels. Untill it closes...
Price is approaching yearly highs AKA as a Liquidity Level. There is divergence going into the Liquidity Level so predicting price to immediately reverse and go short (short term) once it hits the Liquidity level OR Break and retest yearly highs to continue long. Wait for your price action and confluences.
This is simply my analysis and not financial advice
GO FOR SHORT SELLING
Dow Jones is on Bearish Trend On 20-10-2021
Dow Jones :- Closing Bell Near ( 35216 ) Levels
STOP-LOSS :- 35537
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Technical view on the market, which isn't an invitation to buy or sell, But only for learning purposes and sharing my thoughts.
Always use a proper risk management in trading.
Be safe and trade responsibly
The Dow Jones has been a very good boy ever since the low of the yellow wave 2. Currently, the surge should continue until somewhere around 35822 points. After completing a small correction, we expect the course to increase once again.
Push it to the limit!
This video was originally intended to be a members only video but I have decided to share it with all my followers.
In this video I share my thoughts about the long term view of these markets.
It has been a long process in terms of thinking about how certain markets will impact each other in the long run.
Every time I share my ideas it allows me to reflect...
Same as its partners, Nas100 and S&P500, US30 is headed up.
🔍 My expectations:
🔹Bulls defending the violated recent highs, will trigger momentum to the upside.
🔹Bears will stand their ground at the previous higher high around 35514 and 35600 but I expect their strength to be diminished in a short period of time.
🔹A violation of the previous higher high will...
If the fractal continues to closely repeat, the Dow Jones could rise to 50k and then drop to 5k, all within the next 5 years! Sounds insane, but people in stocks have seen nothing but gains for the last decades. That's an enormous amount of generational wealth.
I like to think of the market as a breathing organism holding its breath for longer and longer. At...
US30 - if 35000 holds we may see new highs and a completed daily crab!!
However, we do have many strong resistance points in the way for that to happen (Nice zones of interests for potential short scalps or even reversals)
If price breaks 35000 then we're potentially falling back to the lows!
Comparing the charts (before 1929 to 1929) and (before 2021 to 2021), they are scarily similar, with many similar patterns, from the perspective of only purely TA, this could be the scenario playing out, but we need some strong fundamental reason for this to happen, what could it be?
Since the start of the covid 19, we saw the market crashed, but in the...
US30USD YM1! Dow 2021 Oct 18 Week
Market approaching previous high
Some whipsaw expected. Preference is to long when
price come to test the lower levels.
Weekly: High volume up bar closing at high = Strength
Daily: High volume up bar closing on high = Strength
H3: Shortening of thrust in the last few bars.
Pattern: Inverse Head and Shoulders on 4H.
Signal: Buy as the price is close to completing the Right Shoulder and is on the 0.382 Fibonacci retracement level.
Target: 34700 which is the 0.786 Fibonacci retracement level just below the Lower Highs...
Hello traders and investors!
Today we will talk about Dow Jones Industrial, in which we see quite clear and very interesting formation. We are talking about an ending diagonal (wedge) pattern.
Well, DJI is rising, but as you can see, it's very slow, so it's obviously running out of steam, which we see it as part of an ending diagonal (wedge) pattern as part of...