Seeing bearish opportunities with this index. Based on trend direction of technical analysis main look at major structure shorts. price action should hold resistance at 33950 for remainder of the Q2. Target is orange line of 32450 area, before swing upward.
This week, NASDAQ Index broke and closed above a horizontal neckline of a cup & handle pattern on a daily. We see its retest now. I will expect a bullish continuation next week at least to 13550 level. ❤️Please, support my work with like, thank you!❤️
US30 is seen forming a bullish channel on the big wave. the current possibility is the session end of a downside correction, as long as the invalid area is not violated, focus on the opportunities to buy
CBOT_MINI:YM1! Last week's test and reject 33670 short yielded 270pts. Market approaching intermediate axis 32994. Possible scenario: 1) 32994 is supported and market returns into 33850-32994 range 2) 32994 becomes resisted and market head toward 31657/30513 Price Reaction Levels: Short on Test and Reject | Long on Test and Accept 33632 34275-34605 ...
Goodnight I'm closing all my trades. My week was slightly negative but today's trades made it less negative. I'll explain my mistakes on Sunday, with my market review and forecast for the upcoming week. CLOSE IN PROFIT MANAGERS
Good job, move SL into profit or close now and open your laptop again on Sunday night for your weekly review
Hey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 33600 zone, US30 is trading in a downtrend and successfully managed to break it out and now seems to be in a correction phase in which it is approaching the major trend at 33600 support and resistance zone. I would also keep an eye on DXY to confirm the bias as DXY does...
Area of significance reached, therefore we can expect a drop. **Still not enough confluence** Reversal trend (correction) from initial trend. Candles slowing down getting smaller in size. (ENOUGH CONFLUENCE) Wait for the break, then enter
WHICH WAY TO BREAK? It's up to the market and for us to act accordingly. There is an ascending Triangle that's clearly forming on the Daily. And normally, with the higher lows and same highs, the bias is normally up. If it breaks up the target will most likely hit 40,000. My issue is the state of the world right now, which is probably wrong to think about as...
Due to the completion of wave 2, there is a strong possibility of falling for wave 3
We have spotted earlier a cup & handle pattern on US100 Index. After the yesterday's CPI, the market finally violated its neckline and closed above that. The index may keep growing now at least to 13550 level. ❤️Please, support my work with like, thank you!❤️
Dow Jones is forming a pattern much like January, which after a peak and rejection to a Lower Low, it started a Channel Up. Both Lows have been formed on the exact price level (32950). The 4hour RSI sequences are also similar. The target on January's pattern was the peak's Resistance. Buy and target 34200. Previous chart: Follow us, like the idea and...
Dow Jones is on a minor 3 day pullback after a strong rebound that closed over the 1D MA50. The 1D technicals are neutral (RSI = 48.264, MACD = 86.760, ADX = 23.509) and being on a Harmonic rise since March 20th Low, the 1D MA50 rebound is most likely the bullish wave to test yet again the R1 Zone. Unless S1 breaks, we are targeting the bottom of R1 (TP =...
Yesterday Dow Jones was in a very small range but today may we can see a volatile session because inflation data is going to be published today. After the data maybe Dow Jones can decide the direction of the market.
Dow Jones (DJIA) is attempting to re-enter the Channel Down pattern that broke upwards, and on the bottom of which we gave the most efficient buy signal almost 2 months ago: At the moment the index is on the build up of a Channel Down which targets 32600. We will only buy if the price closes above its top (Lower Highs trend-line) and target Resistance 3 at...
Last week was fairly volatile for us30. After starting the week with a slight fakeout above key level 34200, price rejected and flipped bearish pricing in the forecasted .25 bps interest rate increase. We then got a hawkish speech from FED speaker Powell which continued to push price down further to 33000 before stock market greed took over and we saw a reversal...
good morning, --- what if i told you right now, that the stock market was about to enter into a 50 year correction? you'd probably dismiss it right away and go about your day, and that's natural, i get it. --- i'm not here to appease to your overall bias - in fact, i am here to directly oppose it. --- what i'm bringing to you today, is the idea of the...
I do not like where the DOW is heading right now. It closed below the 200d EMA last week, this is not looking good. I would be careful with the stock market right now as there are still plenty of volatility. If DOW drops below $52, it might form a cup and handle at $49.50 and if completed, targeting $43. Stay safe.