US30 has to make a correction before moving upwards again. My target is 28122. Good luck!
In the 240-minute chart, the Diagonal pattern is formed in the V wave, to get the confirmation for the downtrend as well as this pattern, the price needs to cross the range of 29722. The initial target of this downtrend is around 28900 area, (according to the Diagonal pattern target)
After seeing the DOW hit ATH last week, it looks like it could continue sideways for the next week or so as we approach the holiday season. I'm watching $29,820 as weekly support and $29568 as Monthly support. Looking toward the upside, we've tested the $30,325 range as ATH twice in the last week, confirming it as a strong level of resistance. I'll be watching...
Ym came to important s/r level..
Similar bearish structure on Dow Jones.
decision zone. breakup can be very agressive. stop > if breaks down & daily closes.
IN THIS VIDEO, I EXPLAIN MY METHOD OF TRADING THE US30 AND HOW TO PREVENT BEING VICTIM TO FAKEOUTS TO THE DOWNSIDE, USING FIB-RETRACEMENTS AND THE PARABOLIC SAR INDICATOR. US30 IS NOW AT AN ALL-TIME HIGH, AND AS THE PERFECT INVESTORS STATE "BUY LOW SELL HIGH" , PLEASE LET ME KNOW WHAT YOU THINK OF MY ANALYSIS IN THE COMMENT SECTION AND LEAVE A LIKE. INDICATORS...
Trading the US30 market this week might be a little tricky but here is my personal opinion of what I think the market will do. I see a new resistance area forming around 26725 and that leaves a possibility of the market breaking the channel's support area at 26393 and being Bearish down till 26093 (which will be my Stop Loss for this trade) before the...
I expect to see a pushback to the resistance area and see price break through the consolidation to go for a long. This is my personal belief for what I believe the market will do, kindly double check and re-analyze before taking a trade with this analysis. And be careful with Volatile Markets. Good Luck!
invest in Dow jones while it increases massively right now.
I think the US30 still has a great upside to complete its wave five. Please leave a like or share your ideas below.
Dow Jones is looking Bullish for next week so lets all get to it! :) Have a great week all!
dow jones is going to be bearish in 4h time frame and a possible rising wedge is going to be formed soon M formation confirm its bearish style there is a fake lower high in the wedge and its going to cross the wedge soon
Click the link in the "Red circle" to see the previous analysis, and also here's attached below the link to see the beginning of this analysis before the election: I reckon it will reach the final target before the year ends. PERFECT Trades and Analysis! Catalyst: - Covid-19 vaccine breaking news - Trump v Biden breaking news
The SPX, DJI, and IXIC indices have been forming consolidation patterns after the market-wide rally in early November. Each chart is displaying bullish hidden divergence and an oversold stochastic RSI on the 4h. Expect more upside until the upper lines of resistance are met, at which point the indices will either reverse or resolve upwards.
Here's below the beginning of this trade/analysis, PERFECT entry! My short-term analysis to sell the pull-back went through, it fell a few hundred points, but unfortunately, it got rejected at 28900, just a few points above the short-term target. Currently, it breaks the strong resistance already. As long as it stays above the major support, my analysis and...
Comparing similarities between today's Dow Jones vs. 1929 boom & crash. Looking at 1929, there was a similar, but shorter-term double top prior to the crash, but instead of crashing after an apparent double top, we blew upwards massively first and then crashed.
Re-posting an old chart to see how we're doing in comparison, link to old chart below.