Dow Jones is currently on the 3rd straight green 1W (weekly) candle above the 1W MA50 (blue trend-line), testing the top of the 4-month Channel Down. We have previously seen almost the same pattern during the 2015-2016 correction (E.U./ China/ Oil crisis). A fake-out below the 1W MA200 (orange trend-line) initiated a rebound above the correction's Lower Highs...
Looking for this short from here , as it reach previous Buy area transferred to sell area lately This is my point of view, Manage your risks - lot size, stop loss. CURRENCYCOM:US30
Dow Jones reached today the top of the Channel Down pattern. This is a rise almost proportional to July 14th-22nd (around 7%). Both crossed over the RSI Falling Resistance and at the same time the MA50 (1d). Trading Plan: 1. Buy as long as the 1d candle close over the MA50 (1d). 2. Sell if it closes under. Targets: 1. 34950 (Resistance 2). 2. 32600 (MA200...
A fall of 200 points and then gain back of 150 points is what we all expect at situational understanding of todays graph. But I had been researching over past 3 months the WAVES that rule over indices, I completely eradicated all of the Fundamental Reasons for example news crashes or something like Banking Crisis as the reasons for any downtrend and uptrend for...
Confluences to long Incline trend line Decline trend line Reversal point -0.618 bearish fib target rejection candlesticks on 15 minute gold looks good to go down
Beginning last week us30 has been on a steady uptrend after a consolidation period at previous lows and a break above key level 32500. Price has cleared the range as expected and is now trading at key level 33500. The decline of USD and the optimism from the previous FED speeches have caused this rally and almost driven price back to previous highs. This week, our...
Hello traders. I think the Dowjones will move down from the resistance areas identified.
CURRENCYCOM:US30 Hi , Trader's , As you can see on us30 chart , bearish Butterfly harmonic pattern is visible X-A-B-C Leg is completed D led in progress D leg will complete at Resistance 34100 area After completion of X-A-B-C-D wave market can give 50-61.8 % retracement 50% retracement will be 33k level Sell after completion of D wave use proper...
If we look at the DJI we can see that on the chart the current price is jumping WAY outside the upper Bollinger Band and the 50 MA is actually above the midline of the Bollinger Band. That can signal a couple things. 1st the pricing being so far beyond the upper band means is due for a sharp downward correction towards the Midline at best and to the bottom...
In this video, we take a look the US30 Dow Jones paired with the USD and observe that it has currently traded up to a significant resistance level. Below that, there is a price gap and sell-side liquidity in the form of stop losses, which could potentially target for bigger players. During the video, we delve into trend analysis, price action, market structure,...
In this update we review the recent price action in the emini #DowJones futures contract and identify the next high probability trading opportunity and price objectives to target
Cup and Handle recently formed on Dow Jones. This broke the downtrend and now price has decided it's going bullish from here on. Indicators look strong for upside. 7>21>200 - Bullish RSI>50 SMCANALYSIS There was a Break of Structure UP which helps confirm with the upside to come. We can place the stop loss below the handle by the Sell Side Liquidity levels....
S&P500 Index is trading in a rising channel on a daily. The price was approaching a solid resistance cluster on Thursday and Friday. The market managed to break that and successfully closed above. I believe that the Index may go higher this week. Next goal for buyers will be 4155 ❤️Please, support my work with like, thank you!❤️
Dow Jones hit (and closed over) the 1D MA50 on Friday for the first time in more than a month (Feb 20th last closing over it). With 1D technicals on very healthy bullish levels (RSI = 60.420, MACD = 12.500, ADX = 35.536) this is a very positive sign on the long-term. Especially since the RSI crossed over the 4 month LH trendline. Our TP (33,450) from our trade...
Since I created AriasWave I have been trying to figure what we are seeing in the Dow Jones. I think that I may have finally found the right path towards understanding the most likely potential. This analysis looks at data going back to 1500AD, where the European data is joined onto the US data. It has become clear that the whole series of data on that chart...
YM1! US30USD DOW 2023 APR 03 WEEK Price was marked up on low volume = possibility of trapping longs. Keep your stops tight if you are holding long positions. Possible scenarios: 1) Sell if False break of 33590, test and reject of recent high 2) Long on test and accept of 32595 // 33590 Volume Analysis: Weekly: Low vol up bar close off high = possible...
Following this wedge as DJ30 rose above its resistance. We are looking to see if it breaks the wedge and then falls below the support. Price could fall to 32500 and then continue rising up or we could be setting a lower high on the daily tf before a further correction down.
Hey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 33100 zone, US30 was trading in a downtrend but now seems to be attempting to break it out with current USD weak environment due to the negative correlation. and since inflation tensions have eased in the US stocks and cryptos are looking attractive to investors. So if...