Quick Setup on US30 (DOW).
I could determine 2 daily zones and 2 h4 zones.
The daily zones are very big. Therefore I consider to take the h4 zones for a better entry.
The fist trade will have the Support Line as Take Profit and the second will have the Demand area as take Profit.
Watch Price Action for entry confirmation.
dow jones still on a bullish run and momentum,
looking for it to stay inside the channel , also everyone is expecting the "drop" how many have been caught out already?
dow jones job is to do well in performance, i see it respectng the channel , ive also called in my telegram group US30 to make a new high this month also.
insta - imtonythompson
Telegram - Ntec...
Based on market structure we either have a break above resistance retest and head north to 26643.0 or form resistance @the highs and come south to 25550.0 #US30 follow it
This is a very good example of when to do a strangle. The market is about to choose which direction to go in soon. You have NFP tomorrow, earnings for LB in 2 weeks, and a rate hike decision coming up. This is the perfect cocktail to take advantage of a big move. LB is down 11.7% today and could potentially continue down further. I have no idea which way LB...
US30 LONG opportunity is here after a 5%+ dip
Trade parameters:
- Buy the 16250 - 16200 zone
- Stops Below 15973 (2014-2-20 low)
- Target1 16700
- Target2 a new high above 17148
Reasons for the trade:
- Market dipping below 200dma channel low (16303), where dip buyers should emerge
- Market retracing 50% of the 2014 range at 16242
- Market touching the Weekly S1...
