In my previous video, we examined the long-term perspective and established that we're in the early phases of a significant bull market since the Global Financial Crisis (GFC). In this video, we delve deeper into the current market waves, highlighting the distinctive patterns between the Dow Jones and Nasdaq. Join me as we explore what to anticipate in the near future.
The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)).
The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)).
The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)).
For traders (lower timeframe): The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)). For investors (higher timeframe): In the higher timeframe, investors should wait for the...
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.
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...
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.
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!❤️
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.
In the higher timeframe, investors should wait for the pullback to buy again.
The primary scenario is playing out and we reached the wave ((b)) area. There are several indications that a downward reversal is near.
Today's focus: US30 Pattern – LH Support – 34,560 Resistance – 35,030 • Price set a new failed high, pressuring the current rally • US Employment data at due 8:30 am Today, we have run over US30 technicals and price action after yesterday’s selling set up a failed rally that could become a new lower high. We don’t have a directional bias at the moment, but we...
The primary scenario is playing out and we reached the wave ((b)) area. There are several indications that a downward reversal is near.
Wave A down looks mature and we might see some upside now as wave B. The surprise would be that we had a very shallow wave X and that we see further downside.
Wave A down looks mature and we might see some upside now as wave B. The surprise would be that we had a very shallow wave X and that we see further downside.
A "head and shoulders" pattern is a technical analysis chart pattern that can indicate a potential reversal in a stock's price trend. It consists of three peaks: a higher peak (the head) between two lower peaks (the shoulders). The pattern suggests a potential shift from an upward trend to a downward trend. However, the effectiveness of technical patterns like...