SDOW has leveled off at a near-term bottom after a downtrend as confirmed by bullish
divergence on the RSI and MACD while the price went sideways in consolidation.
Volatility has contracted as have trading volumes. I see this as a buying
opportunity with a stop loss of 20.5 below the low pivot in consolidation and the first
target at 22 underneath a...
I am expecting bearish Monday for US30 since we are currently sitting at daily key level from Jan 2022. In case of breaking the current level I'm expecting this to increase the probabilities of the next zone to provide some good pips. Weaker zones below marked as possible targets, although I'd secure some of the profits much earlier.
The price is on a ranging mode, as indicated in the chart and we will wait until the index shows an opportunity in trading.
Meanwhile, my perspective as for now is that the price might fill in the imbalances caused by the bullish market earlier on and my target would be 35960
From my US30 analysis we are currently approaching a key level of supply, even though we are very bullish the market requires a pull back in order to mitigate the inefficiencies left below, Hence why I am temporarily bearish this week. I see price reacting from the daily supply and dropping towards 34400.0 or even lower to more discounted zones in order for price...
US30 Index can go Bullish if,
H1/H4 closing happens above 35000, it can move bullish upto 35150 level.
or it can go Bearish if,
H1/H4 closing happens below 34880, it can move bearish upto 34730 level
#️⃣ Trend expectations from 8:00AM to 12:30PM USA Time EST.
#️⃣ Trade with 1-2% risk only.
Hello everyone, Despite the weakness of recent trading in the index price and its fluctuation near 35050, its positioning within the axes of the ascending secondary channel shown in the attached drawing and the stability of the support represented by the level of 34728 confirms the positive continuity for the upcoming trading.
Currently, with the Stochastic...
hello everyone,Yesterday, the index price formed a strong upward attack by exceeding the additional stable barrier at 34738 , achieving significant gains by attracting towards 34985 . We currently confirm that the price is adhering to the bullish scenario and by trying to form the 34738 level for new support. The bullish bias calls us to wait for recording new...
hello everyone,The index price activated the positive path in Friday's trading by rushing above the 33989 level to record additional positive gains by being attracted towards the main resistance extending towards 34341 and settling below it, as is clear in the attached drawing.
Currently, and in an attempt to present the main indicators of positive momentum, we...
Hello traders it looks like its make or break time for us30
the price is on a very sensitive zone A Major key level + a falling trendline.
however it looks to me that the buyers are still keeping strength on the market it is very likely and possible we can see a breakout and a further continuation to the upwards just like the nasdaq100
but the possibility...
My bias for US30 currently is for a bit more upside in order to mitigate the 22hr supply zone or the 19hr, both are apart of a key weekly supply level. From this we will expect a sweep of the asian high as well as a consolidation before entering to show that price is slowing down and buys have now become exhausted.
We will then wait for a wyckoff distribution...
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...
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...
As per Neo wave time cycle, Wave 'B' of the FLAT correction formed in DOW 30 index is ended today
since the recovery wave ABC extended nearly 76.8% of previous wave
expect a soft bear market cycle for 8 months from now.
trading is difficult as wave 'C' expands in 5,3,5,3,5 legs ,and expect a spike in VIX too
Do not hold your short positions for more days , as...
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).
