The primary scenario is playing out and we are reversing from the wave ((b)) area. More downside is expected. The surprise would be that we get a double correction to the upside.
Originally worked on this 4hours ago DJ:DJI is also at the 2022/2023 trendline. It's also formed a Symmetrical Triangle - see previous TVC:NDQ post . Daily, the RSI broke the downtrend but it completely fizzled. Weekly, the RSI is holding above the 50 area BUT it is testing it. IF it breaks this 50 area we will likely have more downside. Monthly, STILL...
Pair : DJI - Dow Jones Description : We have Break of Structure with Completed Retracement at the Lower Trend Line of Bearish Channel in Long Time Frame at Fibonacci Level - 50.00%. It has completed its Impulsive Wave " 1234 "
Dow Jones (DJI) got rejected on August 31 on the 4H MA200 (orange trend-line) and that made the price pull-back. We are now close to the 1D MA50 (red trend-line) again, which is where the initial rebound started on August 25, exactly at the bottom (Higher Lows trend-line) of the Channel Up. This is the final buy opportunity on this pattern, as any closing below...
The primary scenario is playing out and we are reversing from the wave ((b)) area. More downside is expected. The surprise would be that we get a double correction to the upside.
It's evident that the US30 index has been confined within a tight trading range from the latter part of the Asian session leading up to the London Open. In the preceding week, we observed a notable price surge toward a critical resistance level, but that advance was met with resistance, and now the index appears to be consolidating sideways. I'm actively scouting...
Dear Colleagues, I assume that the price may go down to the level of 35200, but I consider only short positions to the support area of 34300. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The price action is coming down to fill the Sunday GAP from 2 weeks ago. Once the GAP is closed, look for a BUY entry in that zone provided. Happy Trading!! Comment your thoughts below. Thanks, #PapaPips
Let's take a profit from the pullback before the next significant downward movement.
The primary scenario is playing out and we are reversing from the wave ((b)) area. More downside is expected. The surprise would be that we get a double correction to the upside.
Raising inclination trend has confirmed on the Dow Jones. What this means is that the rising trend is going up at a higher degree. A normal trend is around 45 degrees. A stronger trend is 60 degrees. and once it starts rallying above 60 degrees this is where GREED kicks in and you should prepare for downside. Also there is a strong Rising Channel which I'm...
Multiple time frame analysis for US30. Price action & important key levels. Directional bias & thoughts. Trading plan explained. ❤️Please, support this video with like and comment!❤️
Hey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 34050 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 34050 support and resistance area. Trade safe, Joe.
The primary scenario is playing out and we reached the wave ((b)) area. There are several indications that a reversal to the downside is near. The surprise would be that we get a double correction.
Dow Jones D1 index The Dow Jones is in an upward trend in the daily time, which once penetrated below the upward trend and again gave a high to collect liquidity and fill the orders of market makers, and currently the Dow Jones is selling at the target of the specified fvg areas.
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In the higher timeframe, investors should wait for the pullback to buy again.
The point of view of US30 analysis is that the current trend is still in a bullish state, the bearish that occurs up to Fibo 0.236 is a Swing Correction and there is a possibility that currently there will be bullish continuation