DJI intraday trading alert 3 simple steps to find a quality setup! Risk Reward Ratio 1:2 Anyone same idea with me? BUY DJI Good luck traders...
Hi traders, this is just a general observation, not a trade idea. Tonight we noticed that the US30 has started to fade at a previous level of resistance. With the Core PCE to come, could an expected jump to the upside add to the small seller momentum we are starting to see? This week we have seen some decent buying so far, but could today’s action be a small...
Overall : The dirty 30 is creating a nice pull back to previous resistance. PAY CLOSE attention to the price level 32900. If price can remain under 33000... watch the market will drop. ***New month means new wicks. Watch the monthly close*** The fake out Bulls could easily push the market above 33000. YES but careful! there is no solid bullish momentum....
Two weeks ago, we gave the most optimal buy entry for Dow Jones (DJI) exactly at the bottom of its 4-month Channel Down: The price has almost hit our 33100 Target and we think it is time to look into the longer term. We made a case on the idea above that Dow is currently repeating the October - November rally, as the RSI pattern is identical. In addition,...
Dow Jones hit today the 4hour MA200 and closed a candle above it for the first time since February 20th. This price action is simply confirming our long term trading plan (see chart below) where we bought the bottom aiming at the top of the Channel Down. Target intact at 33450 (is also a Harmonic Resistance). Previous chart: Follow us, like the idea and...
Bearish divergence forming on DJIA indicating short term top here!!!
Potential setup idea I am looking at. The blue zones my fib levels that have been respected.
Trade: Sell at 32975 or higher Stop: 33150 Notes The model: The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in...
Will be taking sell positions once my sell zone triggers. Over all target will be 31,500. But will take 80% off at the weekly low.
Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ Gold (XAUUSD) 4h time frame 🟡 Gold is perfectly respecting a minor rising trend line. So far, I would expect a bullish continuation from that. Goal for buyers might be the underlined yellow resistance. If you are looking for shorting, consider a bearish breakout of the trend line. I...
Dow Jones broke above the Falling Resistance for the first time in 2 weeks. The is the first bullish signal since the Triple Bottom but has the Pivot Zone 1 and the MA200 (4h) to overcome. Trading Plan: 1. Buy as this is a major bullish break out supported by the MA50 (4h). Targets: 1. 33300 (Fibonacci 0.618). Tips: 1. The RSI (4h) is on a Rising Support. In...
Rising Pennant has formed on the daily. We are approaching the apex of the triangle. All we need is a break to the downside Target 31,139 SMC ANALYSIS: Buy Side Liquidity Order Block has formed at the top of the Pennant. This is where Smart Money will come in sweep liquidity and the price will pull back down as they sell into the buy side. This will confirm...
Having some great success on US30at the moment - currently seeing the bulls take over and selling higher up, will most likely trade NASDAQ today as the soup looks cleaner. thanks for all the support! Over 5000 PIPS caught already this week.
According to the standard MACD conditions, we can expect three goals based on harmonics and two goals based on the formation of a corrective (upward) wave in the form of a decrease based on a combination of important percentages for correction. Harmonic goals With a little flexibility, the range is 54.296 The second target is the range of 55.320 The third target...
Dow Jones remains neutral on the 1D technicals (RSI = 47.239, MACD = -227.510, ADX = 31.577) as the price has been mostly ranging for 2 weeks between the 32,600 Symmetrical Resistance and 31,800 Symmetrical Support. Todays rejection should give one more pull back to the Symmetrical Support if the 4H MA50 breaks. On the other hand, a full 4H candle closing over...
Last week, we saw us30 breakout the intra-week range trading above 32250 as buyers dominated the market, hoping that the FED would pivot their hawkish narrative and bail out the falling banks. With FEDs later increasing rates by .25 which was expected and already priced into the market we saw a sell-off with price ending the week in the 32000 area. This week,...
dow was strong for 6moths. But looks like final bull run is about to over soon. All governmets are trying to hide the factor of banking crisis. This systematic problem will lead the great crash soon. MACD lost its power.
Dow jones is starting to move down as expected. Gold has found support and is starting to move up. I am expecting to see a reaction at this price 12823. Trading can become simple. Go to the higher timeframes make it as clear as possible then go to the lower timeframes.