going to need a little more momentum to break this trendline. Im calling a short on this as bullish momentum is heavily lacking.
inverted head and shoulders or rejection at resistance zone
Simple set up ,broke previous 1st weekly and daily structure to the upside and keeps holding above it so right now after creating a new high price has retested the top of that broken structure so in roder to go long i will monitor this daily candle and see if we can get a daily clsoe above the Mp fib 26160
Clear inverted head and should on the one hour time. Depending on how fast the drop happens I see it dropping at least another 700 pips consolidate into my Daily trend then head up about 2k pips. After we'll hold and wait to see what happens if it breaks well definitely hold otherwise we'll close and wait for the retest on the major sell after the break of the daily trend.
Hi traders, I am waiting for a breakout to get in, there is higher value area above to reach today at US trading session. It is good to long US30@26200.00; Tp and Sl are to see on the depicted chart. Happy trading!
US30 - TP $26270 Had a deep retrace, with a beautiful entry :)
Simple as you like really, price is currently at a strong support zone and had a really bearish day on Friday so we are expecting bulls to take over and push price higher and possibly to our resistance zone ( green box ) this is where we will be placing our TP. Again see how simple and clean our charts are? why would you stress yourself out with 100s of...
subliminalarchitect us30usd dowjones technicals and price action... lets see hopefully we prevail . first time analyzing this .. 3/11/19 @ 8:40pm est
Possible Bullish move on this one, take a peek at the screen shots below.
Looking at key resistances and potential movements of where the DOW Jones could go in the following week/weeks.
Price has retraced to previous resistance turned support. Able to look for a countinuation long entry here. Cut if it makes a lower low.Exit at most recent high. Enter now SL 25881 TP 26066
Possible huge retrace after mysterious sell from top. Based on RSI H1 D1 oversold cycle. TP at 11.300 for the next target. Possible retrace in Dow30 also needed. Dow20 ist almost also oversold. We also could get a nice rally for 2019 as always in the early months of the year. Why? -RSI -Strong Economy -Closing economy war US/CHINA -Closing Brexit
US30 general daily outlook of where price could potentially reach and my views towards it. For more follow me on Instagram @thedrizzik bit.ly
Measured by US30, an index representing the 30 largest corporate enterprises of the United States of America, closed the week with the second largest green candle of the year 2019 while preceded by 2 minor red candles and another 8 larger green candles. My guess is this rally will continue for another couple weeks. Also backed by UJ seasonality, all relevant...