Dow Jones is forming a head and shoulders pattern. The price can fall to 50% Fibo and then continue its upward trend.
US30 New forecast The index price fell yesterday after testing the stable resistance at 34185 and failing to penetrate it. We notice that it sneaked below the moving average of 50, incurring clear losses by touching the level of 33832 approximately. Let us favor the downward trend during the coming period, as breaking 33832 will facilitate the task for the...
hello everyone,The index price gave a negative signal after testing the stable resistance at 34296 . We noticed that it sneaked below the moving average of 55, incurring clear losses by touching the level of approximately 33915. We point out that the stability of the previously mentioned resistance will confirm the beginning of the effect of the downward path...
Yesterday, the index price surrendered to the control of the bearish corrective tendency by rebounding negatively While the price’s success in penetrating the resistance and holding above it will enable it to resume the upward attack, initially targeting the 34296 level, reaching towards 34526. Pivot Price: 33989 Resistance prices: 34296 & 34526 & 34776 Support...
US30 New forecast The index price traded sideways yesterday with a strong negative rebound after touching the additional stable resistance at 34185. Therefore we still prefer the uptrend due to the support level at the 34000 , and the upward will be remain because the moving average 50 still support the price to rise up , so to confirm the bullish trend...
US30 New forecast The index price rose yesterday and maintained its stability above the resistance level at 34052. This will enable it to resume the upward attack, initially targeting the 34292 level, reaching towards 34432. Therefore the uptrend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price...
The proposed scenario for nearby trading depends on the stability of the current resistance. With its stability, we expect the price to renew the downward corrective attack, thus targeting the 33989 and 33701 levels, respectively. While the price’s success in penetrating the resistance and holding above it will enable it to resume the upward attack, initially...
Monthly chart analysis Dow jones to fall to $20,000 Reason : geo politics Us/china war over taiwan will disrupt supply chain worse than covid World wide inflation.
US30 New forecast The index price failed to resume the upward attack due to its encounter with additional resistance near 34150. We notice the beginning of its formation of a downward corrective creep, thus settling currently below the level of 34050. We expect the downward corrective attempts to continue making profits for the current period, and we expect it...
US30 New forecast The price perfectly fulfills my last idea and price reached to our first target . The index price rose over the past week and confirmed its surrender to the control of the bullish tendency by surpassing the support centered at 33770 and holding above it, achieving new positive gains by reaching about 34148,waiting for positive impulse to...
As I am still bullish on US30 this idea is a temporary move that I see playing out due to the past couple days being very bullish. As im expecting a pull back/retracement of some sort, I will be looking to take the sells at the 22hr supply zone. I will wait and see for price to show me its hands then go from there. As price hasnt slowed down yet im still waiting...
US30 New forecast The index price rose in yesterday’s trading by recently surpassing the stable resistance at 32250, achieving significant gains by attracting towards 33450 with More bullish corrective attempts are likely. Therefore the bullish trend scenario will be remain valid and effective supported by moving average 50 that is continue to support the...
Swing sells on US30 from 33440.4 targeting the low of last month
Technically, BLACKBULL:US30 found resistance after reaching the 35,490 historical level and now it has turned to the downside. The price action developed a Rising Wedge pattern which could announce a potential sell-off. Staying below the broken uptrend line and making a new lower low activates more declines towards the median line (ML).
US30 New forecast The price perfectly fulfills my last idea and price reached to our negative target +250 pip. The price of index rose up and reached to near the resistance zone and the rebounded from it at 33155 ,so as long as price trade under that zone the price will be continue at the bearish trend, To invite us to wait for the price to accumulate...
US30 has recently broken structure to the downside on the higher time frame indicating it wants to continue in its bearish trend however, I believe it will not hold for too long as the over all market is bullish. In terms of current price action I'm expecting for price to continue going down a bit towards the 32600.0 mark. Scenario (A) is Selling from the...
US30 New forecast Yesterday, the index price rose up in the upward corrective path, recover for some losses by testing the additional stable barrier near 33155 - 33251 and settling below it till now . Therefore, we will wait for the price to reach that level and then we will decide the next direction, so if price can stabilized above resistance zone at 33251...
Yesterday, the index price activated the upward corrective path, compensating for some losses by testing the additional stable barrier near 33090 and settling below it, as is clear in the attached figure. Therefore, we will continue to wait for the price to succeed in gaining additional negative momentum to facilitate the task of activating the negative attack...