Market has stopped out early sell entrants taking liquidity on double top forming at current monthly high. Market is in the ideal zone for short on double top pattern formation. Seeking sell position to swing down to the next level which will be around 32850 for roughly 1,300pips or 13,000points as market should make a lower low. 1st tp for short term profits...
US30USD YM1! DOW 2022 NOV 28
Scenario1 continuation long was in place from Nov 07's analysis.
Weakness are appearing on all timeframes. Tighten stops on
long positions. Volume was thin due to US holidays. Expected
to remain thin as year end approaches.
1) Temporary short if 34246-33800 is rejected
2) Stay out of market since volume is...
Merry Xmas folks!
Am back fresh and stronger!
US30 has been ranging between 33500 and 34500 since November 22, 2022 (see psychological levels on chart) .
Daily TF looks very bullish where we expect a flip of the daily candle for price to continue heading downwards with targets between 33824 and 33611 levels.
Moving to intraday (4H, 1H, M30 TF), with strong...
I can sight a lot of buying opportunities for US30 index pair.
Firstly, from yesterdays amazing drop comes a good price touch at our psychological level (33500) and closure above that level (33574)). This signals huge buy in chance for BULLS
What is NEXT?
1. Sniper Entry - I expect price to pull back into 70%-89% fibo level (33436 area). If we...
us30 hit the 61 level of fib extension making the wave 5 of the bullish move and with a big reversal pattern on daily time frame it could be the start of the bearish move with the break of the support it would be an interesting sell option.
Here we can see clearly the next move for US30 today, we've got a clear Bearish Symmetrical Triangle, which shows us a clear SELL Setup SOON,
We're using M15 TF for a clearer view of our analysis, hence we can't predict the duration of the setup execution,
We've got our EP (blue line) & our TP (golden line),
Keep a close eye on US30 today, especially with the...
Many beginners traders are watching closely the markets after missing the move up so they sell it and wanting the market to reverse it all, you must be patient and know the pair you are trading on very well as well the markets how it works don't FOMO and as I said that's not a double top that's a flag in the making don't let the market take your money always do...
US30 BULLISH RETRACEMENT possible on 4H Chart
Looking for rejection and buy signal at end of retracement for Long position
Retracement may happen at 34000.00 or 34300.00 zones. Will look for rejections and buy signals in these zones.
Here we can see clearly the next move for Dow30, By forming Inverse Head & Shoulder Reversal Pattern (W), Buying pressure from 33631 resulted in all the initial selloff being recaptured, An overnight negative theme in Equities has led to a lower open this morning, A break of bespoke support at 33650, & the move lower is already underway,
We're using M15...
Here we can see in M15 chart, US30 has touched a major resistance level of 34276, which forms a strong resistance level in D1 chart, we've got our EP & TP,
keep a close eye on US30 today,
Happy pip hunting traders.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
- firstly i want to explain what is US30, you can google it :
- US30 is a stock market index designed to measure the performance of 30 large industrial companies based on the average stock price of the components "during a specified period".
- So basically...when u have a Top30, if one company fail, this company is replaced by number 31.
- it's same in football...
‼️ This is my analysis on US30.
Here we are bullish from H4 timeframe perspective, so I am looking for longs. After taking out buy stop liquidity, I expect price to make a retracement to fill the imbalance lower and then to reject from bullish orderblock.
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