With the new review of the gold chart in the 1-hour and weekly time frame, we can see that after the price was able to grow up to $2180 and hit the first two targets, it was accompanied by a price correction and corrected to the demand level of $2156 to $2159 and then It was accompanied by demand again and we saw its growth up to $2178! The total efficiency of...
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,...
By checking the Nasdaq chart, we see that the price after collecting liquidity above the level of 18420 has faced selling pressure and is currently trading in the range of 18250! If the price stabilizes below 18360,there will be a greater and heavier fall from the index! Its targets are 18200, 18090 and 17950 respectively! Please support me with your likes and...
Hello Traders, Base on technical and wave analysis we see this scenario for #US30 #DowJones for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The Dow Jones Industrial Average (DJ - US30) faced downward pressure after reaching historical highs around 39910 on Friday. As US markets conclude the trading week, the DJIA's downward testing suggests a potential reversal and retracement before a possible bullish move. On Friday, most major sectors of the US equity market experienced losses, with Real Estate...
Straight forward, this is bullish and has no reason to stop being bullish. HH and HL are the indications of the strength of this trend. Within the channel is where the action is. Current price we bearish. For now stay away from the trade idea but rather on the movement of price. We melting downwards, which resembles the supply but not the demand because it could...
The analysis suggests a potential selling opportunity for US 30 (Dow Jones Industrial Average) on the daily and 4-hour timeframes. On the daily timeframe, a selling entry zone is identified between 39,800 to 39,950 points. This range represents a level where significant selling interest has historically emerged, potentially acting as a resistance zone for the...
Simple trading - Head and shoulders pattern I am looking for BTCUSD to continue falling as it respects the lower highs. Target 51200 **Update on new weekly support incoming
Dow Jones is still on a bullish 1D technical outlook (RSI = 61.232, MACD = 275.500, ADX = 55.346) but today's red 1D candle, being the strongest since February 13th, is a first hint that a short term correction is starting. The price has almost made a HH at the top of the 18 month Channel Up, so the probabilities of a technical pullback are getting stronger. Both...
The current trading price is above 01/08/21 to current average after news of investors turned their attention to middle east crisis and "Chevron Hauls workers out of Iraq" the follow up on this story will give general consent of investors in the DJI stocks and so far the current price is above Average weighting for this segment, Stop loss for safe investing would...
We are looking at the Dow jones on the daily here and can see 2 distinct inverse head and shoulder patterns have formed here. The larger one I have indicated with a lavender neckline and the smaller one with a green neckline. Price action is currently above both of them and overall this is looking very bullish, however we must remember that the daily timeframe is...
An update from a previous Dow Jones chart. I will post a link to the previous as well. We are getting very close to the smaller inverse head and shoulders breakout target here. Always a chance it corrects before continuing up to the second larger inv h&s target but then again always a chance it just keeps going to reach the 2nd target without a correction...
Nothing much to add here that I didn’t post in the previous idea, just wanted to also show how it looked on a weekly timeframe. Please refer to the previous idea for more in depth analysis about this one. Thanks.
The original chart was on a much larger time frame, but we are getting so close to the second measured move target now I figured I’d make this update on the daily chart. We are now about 3 pips away from hitting the 2nd bigger invh&s pattern’s full measured move breakout target. Always amazes me how these things come to fruition, and in this case I was able to...
Dear colleagues, despite the fact that the price is in a downward movement, I believe that the five-wave movement has not been completed. I expect that the price will not update the minimum of wave 4 38463, but will approach it, and then the upward movement in wave 5 will begin. The nearest target is the area of 39297. Manage your capital correctly and...
Dow Jones rebounded on the 4H MA200 and the HL trendline of the Triangle pattern and turned bullish again on the 1D timeframe (RSI = 61.324, MACD = 179.870, ADX = 45.459). As the 4H MACD is on a Bullish Cross, we have a clear sequence to follow, bullish if it closes over the LH trendline (TP = 39,450) and bearish if it doesn't (TP = 38,700). The targets are the...
BEAR FORMATION: if this formation holds, i am expecting a IBO on US30 A retest might be inbound but risk is tight. Watching this pair at this hour only mean I am hungry. Is there anyone else hungry to eat some pips today?
Simple trading: Fibb on impulse We look to sell gold for a correction. This isn't a trend reversal, just a pull back. Let's take advantage of a potential sell. Key support areas: 1. Daily support (grey line) 2. Fibb .382 3. Fibb .5 4. Fibb .618 SELL Confirmations: 1. No high higher 2. Weekly Res Confirmed 3. Triangle Break and retest