Very important thing happened with US30 index on Friday: the price broke and closed above a key daily structure resistance. The broken structure turned into a key support now. This week, I will expect a bullish continuation. The next goal for buyers is 33250 - 33500 resistance. Analyzing the intraday perspective, I spotted a rising parallel channel. I assume...
Wow – sorry – Dow Jones has impressed us with some really fresh moves! It has virtually jumped upwards and thus has already come quite close to the upper orange zone between 33714 and 34565 points, where it should soon finish wave iii in orange. After completing a countermovement into the lower orange zone between 32863 and 31912 points, Dow Jones should continue...
Bearish Divergence on the Dow Jones. Price target should be 30k before a possible rebound. I’ve looked at a lot of different Dow stocks and they all look like their gonna fall soon. Best way to profit from this is to go long on SDOW.
If you take a look at at the weekly timeframe you'll see US30 has been in a downtrend since February 2022. Stocks began to decrease significantly taking out 2021 higher lows where most people during the Covid began to invest heavily. Now, in August 2022, if US30 can push past 33,462, the last lower high this could signal a positive opportunity for people who...
Hey traders, Here is my latest structure analysis for Dow Jones. The index keeps growing, and here is the list of resistance to watch for occasional retracements: Resistance 1: 33270 - 33500 area. Resistance 2: 34000 - 34270 area. Resistance 3: 35280 - 35520 area. Consider the following supports for pullback trades: Support 1: 31390 - 31900 area. Support 2:...
Multiple time frame analysis on US30. Key levels, price action analysis. Structure levels & trading plan. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Price is in a downtrend pulling back into retracement levels looking to take up short positions on the supply zone if met with confirmation signals
Here is my latest structure analysis for US30 index. Support 1: 29675 - 29968 area Support 2: Falling trend line linking lower lows Resistance 1: 32500 - 32800 area Resistance 2: 33300 - 33475 area Consider these structure for pullback / breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like,...
Head an Shoulders + Waiting for retest of neckline Price already pullback into t=fibonnaci retracement levels looking for opportunities for a re-entry.
It looks like Dow is finally recovering. The price formed a head and shoulders pattern after a sharp bearish move and then broke its neckline to the upside. I assume that we may expect a correctional movement to higher structures. Goal for buyers is falling trend line on a daily. ❤️If you have any questions, please, ask me in the comment section. Please,...
Similar patterns have emerged on the Dow Jones We can draw some conclusions based on the chart pattern similarities - That there is going to be a third bottom completing this pattern I expect this bottom to be along a major uptrend line, which aligns well with the prior pattern
Hey traders, US30 is entering a significant demand zone. 28676 - 30330 is a very important historical structure from where we may see a pullback. Pay close attention to this area and wait for a confirmation to buy. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Last year May we saw a potential crash for the Dow Jones 30 due to inflation fears and now what we predicted is finally happening. In our analysis a year ago Dow 30 was trading at 34,644 after reaching highs of 35100 we saw a potential sell signal on the 1W chart which was the formation of a bearish harmonic. this halted our longs and swings on the Dow. So...
TVC:DJI : 29665 act as a Major support for DOWJONES which is also this weeks Low, if it breaks it can quickly slide down to 28853 level. On Upside, there is a Sell zone between 31100-31370 levels, if it breaks above this Sellzone, it can give good upmove.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Very tight stop on this. Even though data shows a terrible economy, FED always finds a way to pump the markets up. This is a simple setup that meets the plan so interested to see what happens.
After a huge Sell-Off regarding the rumors about a 75 basis points rate hike. I expect a relief rally towards the 50 EMA.
DOW30 Intraday We look to Sell at 31095 (stop at 31410) We look to sell rallies. Selling pressure dominated price action yesterday and we expect this to continue today. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The bias is still for lower levels and we look for any gains to be limited. Expect...