A beatiful set up,i gotta say one of the must accurate set ups are the ones on the weekly and monthly timeframe if the proper criteria lines up and this is one of them,here we got the following confirmations: 1.Price has formed a weekly triple top 2.Reached maximum history high that has been respected in the past years 3.End of a bullish 3rd structure and...
inverted head and shoulders or rejection at resistance zone
Not in a million years is price going to break our red resistance zone, this zone is an all time high for US30. For all you people who think that it will break and continue to rise just answer me this.... How the hell is price going to do this with Donald Duck in charge of your country, when you are in the most debt the country has ever been in, unemployment is...
26950 area is very important as this is an all time high price that I can almost guarantee you WILL NOT be broken any time soon. It doesn't take a genius to work out why this level will not be broken... look at the muppet you have running the country he's like a spoilt little child running around a toy store running up debt and annoying people, The US is the most...
Possible Bullish move on this one, take a peek at the screen shots below.
US30USD - BEARISH - $25100 - $24400 US30USD is ready... All I am going to say... It has finally made the real retrace that I have been looking for... Tested the EMA on the H4 TF... Which matched up with my volume profile line. Also tested the last High on the M30 TF. Now lets look for the continuation...
As you can see price broke our trend line, respected our resistance line then dropped, price is currently now at another little resistance level after making a bullish correction where we either see a break or bounce. Our thinking is we are going to get a bounce very soon either at the resistance level we are at now or the resistance level just above, either way...
Price failed to take out more recent daily highs ( green line ) and we can see a trend line that has formed, now if we see todays daily candle close below such a well respected TL we could see price fall further. And we think this will happen because we believe the economy is slowing down, weakening ready for a recession so prepare yourselves, sell your house...
Key levels to look out for when analysing US30 .
US30 is approaching our first support at 24154 (78.6% Fibonacci retracement, Horizontal swing low support, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 26251 (horizontal swing high resistance, 100%, 61.8% fibonacci extension, 76.4% fibonacci retracement). Stochastic (89,5,3) is also...
US30 is approaching our first support level at 24154 (100% Fibonacci extension, 78.6% Fibonacci retracement, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26251 (horizontal swing high resistance, 100%, 61.8% fibonacci extension, 76.4% fibonacci retracement). Stochastic (89,5,3) is also...
US30 is approaching our first support at 24150 (100% Fibonacci extension , 78.6% Fibonacci retracement , Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 26262 (100% Fibonacci extension , 78.6% Fibonacci retracement , Horizontal swing low support). Stochastic (89,5,3) is also approaching...
The large sell-off on the 10th is a rolling snowball for US indices. Anyone opening shorts is winning. I expect more downwards movement on the open as futures look weak and scalping using the new TradeMiner S9.
Wait for confirm breakout and Re-Test . My View it must breakout above side and complete 61.8 pull back plus 200MA Test. Well breakout will confirm the direction of trade.
Lets format a top. Down like ellio wave green. Enjoy :D