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.
In the higher timeframe, investors should wait for the pullback to buy again.
Hello Traders! On Thursday 27 July The US30 Price Reached A Resistance Level (35877-35657). Currently, The Price Broke The Support Trend Line 📉 Moreover, The Key Level (34574 - 34309) So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 33780🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The surprise played out and the 3 waves down unfolded in 5 waves which means we will get an ABC correction instead of a WXY. However, wave A down looks mature and we might see some upside now as wave B.
The corrective structure down might be finished. It looks mature on both the 4h and 1h timeframe. The surprise would be that the 3 waves down are unfolding in 5 waves which would mean an ABC correction instead of a WXY.
The corrective structure down might be finished. It looks mature on both the 4h and 1h timeframe.
UnitedHealth Group has formed this Complex Head and Shoulders pattern on the weekly time frame and has formed two layers of MACD Hidden Bearish Divergence. The most recent action we got on this stock was a weekly bearish engulfing candle, and now we're expected to see it come down at least to about $300, which would be very bad for the Dow Jones Industrial Average...
We are waiting for more data to come up with a reliable EW count and trade setups.
In the higher timeframe, investors should wait for the pullback to buy again.
The short trade was successful. Now we reached the wave (c) and wave ((y)) areas. From here we can initiate a long trade.
MACRO MONDAY Dow Transportation Average Index DJ:DJT The Dow Jones Transportation Average (DJT) is a price-weighted average of 20 key transportation stocks traded in the United States. The transportation sector acts as a leading indicator as it is further up the value chain ahead of the final products being sold by companies in Dow Jones Industrial Average...
The short trade was successful. Now we reached the wave (c) and wave ((y)) areas. From here we can initiate a long trade.
The short trade was successful. Now we are reaching the wave (c) and wave ((y)) areas. From here we can initiate a long trade.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (c) and wave ((y)) area.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave ((y)) area.
In the higher timeframe, we are expecting more upside to finish a wave (3). However, there is a chance that we are still doing the higher degree wave II correction.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave ((y)) area.
Pair : DJI - Dow Jones Description : Completed " 123 " Impulsive Wave Falling Wedge in STF and Rejection from UTL S / R Level Fibonacci Level - 38.20% / 50.00% Divergence - RSI