we see a classic fib rejection and an inverted shoulder - head - shoulder. we will watch when the price reaches the first resistance 23275
Hello ! I believe we have A great short opportunity coming up in the next few days as US30 nears the 61.8 Fib level, which is a zone of major resistance. The daily chart is also showing a rising wedge. The 61.8 Fib level is a notable area of reversal as in the 2001 / 2008 DOW crashes we saw relief rallies to the 61.8 Fib level followed by further downward...
look at this magnificent bullish divergence with confirmation of the breakout of the RSI50 and the breakout and correction on the FIBO 50% Very tight stop loss and TP1: 25018 TP2: 25698 possibility of hudge
Divergence on the dow hourly MACDH. Possible head and shoulders, watch out for a fakeout breakout
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Nice fakeout of the rising wedge, will it go higher to fill the gap to 22496? Bounced of horizontal support at 21,580. We might see a divergence here before moving upwards but maybe not. Any further failure could see a move downwards but I prefer to trade fakeouts not breakouts and as hourly moving averages are pointing upwards I'll hedge my bets and go long for...
One thing is true the market moves in waves. The dow has now bounced of major support at 18200 and put in an inverted hammer reversal candle formation. 21680 is the first major resistance and an obvious target. Stop just below support. RSI is now pointing upwards and daily MACDH has triggered a buy signal. All the talk of major stimulus deal combined with...
US30 (DOW) - Looking to Sell Drop below 50 EMA or touch of 0 Fib line? Using stop loss and trailing stops. Target 18282. Market Hyenas - Everybody Eats!!!
US30 (DOW) - if price cannot recover, the next target is 18282 (I don't want to believe it either, but the charts don't lie.) . Expect volatility and retracements. Use lower timeframes for tighter entry. Also have protective stops in place cause, in this market, anything can happen. This kind of drop is historic. We haven't seen a weekly bear candle like this...
US30 (DOW) Expect dip down to 21500 then bounce then must hold there or we will see drop to 18282?
the us30 had a messy week with 4000 points of drop. a few minutes ago the WHO announced their Corona-virus plan and Wallstreet was not amused. we see that the earnings of yesterday almost have vanished. despite the news, we see that the POC (most trades price level) is rising. it is still early, but with a cut in the payroll taxes of trump can push the us30 in a...
US30 DOW - more downside possible? Is the EVENT over? Will previous support hold? Or are we headed to 21500?
US30 Crash? If the levels continue to break US30 will go to 21500? This is the last trading day of the month. It is looking like February will close the monthly candle out very bearish. This could be the beginning of a longterm downtrend?
Market Crash 2020 We are in the state of anxiety. Traders left with disappointment after president Trump failed to reassure that the virus can contain through US. This epidemic disrupted international trade and travel. Experts says it took one and a half year to develop the coronavirus vaccine while the disease spreading faster. The latest slide began...
US30 We will have to watch how the month closes. The Monthly candlesticks from last month and this month are very bearish(tweezer top on Monthly?). When you look left there are no similar candles of this magnitude as far back as 2015. Could this be signalling the BIG RETRACEMENT?
US30 BUY SIGNAL BUY LIMIT Time Frame : H4 Entry ENTRY Price : $27048 Entry price 2: $26988 Stop Loss $26770 TP 1: $27448 & TP 2: $28048 TP.3 $28448 & TP.4 $28988 TP.5 $29348 The Dow Jones Industrial Average trimmed its loss in afternoon trading after plunging more than 2,000+ points as coronavirus pandemic fears intensified. At its lowest point, the Dow...