Based on the analysis in the 1-hour timeframe, with the breakout of the resistance level around 38,900, it is possible to initiate a buy position with a target of 39,170. Stop Loss: 38,640 On the other hand, if the price breaks below the range of 38,640, a decline towards the range of 38,300 can be expected. Stop Loss: 38,900
Outlook for DJI on 12h chart. I will update my ideas from last time. I think we are on sub-wave 5 of wave (5). This sub-wave is the last motive wave. If this scenario is correct, upper-degree wave (b) of c will be completed soon. The next phase is upper-degree wave (c). It will probably crash. Last time my idea. ■Feb 10, 2024. middle-term analysis. ■Jan 27,...
Dow Jones has turned neutral on the 1D technical outlook (RSI = 53.990, MACD = 135.700, ADX = 29.049) as it crossed under the 4H MA50 and is on a lengthy consolidation phase inside the two month Channel Up. The 4h RSI is on a Bearish Divergence, which doesn't mean much unless the 4H MA200 breaks, as the very same divergence emerged during the December - January...
EURUSD is still in a downtrend, experiencing expanding corrections along its path. Watch for a rejection at the 0.5 Fibonacci level, then move to lower timeframes for entry. Once entered, your stop loss should be placed above the rejection candle, targeting the recent lows and the -0.27 level.
Pair : DJI - Dow Jones Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement. Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. RSI - Divergence. Break of Structure.
#US30 NYSE:ES SP:SPX #Stonks Fork of decisions happening soon. Low side target is: @21,5XX.XX
I predict Nasdaq will go to Fino 64% , strongly advice put SELLSTOP in last low 17544 ( break it mean down trend will start) save in mind.long term = Nasdaq weekly chart target is 21000 so be carefull from sell(use 50% low size) only for Nasdaq and gold =keep monitor AC indicator on daily chart can Nasdaq go upper? yes if last high 1873 break ,up trend...
Hey Traders, in tomorrow's trading session we are monitoring US30 for a selling opportunity around 38570 zone, US30 is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below the 38570 support we will be looking for a potential retrace of the trend towards more lows. The recent release of CPI data showing a...
Just about 1.5 years ago, inflation reached the highest point in recent decades. The January inflation number for 2024 was released on February 13th. Its CPI has improved from 3.4% for December to 3.1%. However, the major US stock indices collapsed more than 1% on the same day. Why is there such nervousness surrounding improved inflation, and what are its...
The trade analysis we had for Dow Jones couldn't have played out better. On paper and theory, this just rocked to its first target 37,242. But then, it entered into a trending market. This is where it's very tough for breakout traders to get in. This is very tough for reversal traders to trade. This is very tough for range bounded trades to buy and sell....
Us30 reached resistance and started to show BOS to the downside on 5mins and 15mins. Upon seeing this I waited for retracment and rejections at entry zone of 38490.000 with sl@ 39520.00 (30pts). TP1: 38400.000 TP2: 38350.00 TP3: 38330.00 TP4:38150.00 * Where has the market moved since I entered my trade? Slight profits * If I looked at the market now, would I...
H4 - Bearish divergence. Most recent uptrend line breakout. Expecting the price to move lower further after pullbacks in the short term until the strong resistance zone holds.
Today's focus: US30 Pattern – Diagonal Support – 38,135, 37,135 Resistance – 38,810 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 on the daily chart. What a solid run we have seen till yesterday's CPI data. After US CPI came in hotter than expected, this shocked the market and led to heavy selling on stock indexes and...
Hello Traders, We are still expecting EUR weakness for the coming week. SHORT Entry: - Once we get into 61.8% - 78.6% fibo. Jump down into lower timeframes and search for a break of structure or break of trendline for entry ( Refer to the example below ) . - STOPLOSS: Above NFP high. - TARGET: Recent lows and -27% fibo Will keep you updated as price...
Dear Colleagues, I suppose that the price is in an upward movement and will continue its movement in wave 3. I suppose that a small correction is possible, after which I expect that the price will come at least to the area of 61.8% Fibonacci extension level 39259. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear colleagues, I suppose that the price will continue its upward movement. Now I see the formation of wave 3 and it may reach the area of 100% Fibonacci extension level 38931. Before this movement a small correction to the 38186 area is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hello Everyone. Forex market seems to be stuck in a mud and we seems to be in a highly manipulative environment. but soon market is going to be normal and we will have alot of setups forming but as of now i have a Dow jones YMH2024 March contract for short.. the Current model is 2022 Model as per inner circle trader concept which is my personal favorite and the...
Looking for pull back and rejection with a 4h close for longs back up to the top of structure