US30USD YM1! DOW 2022 MAY 30 Week Last week market returned late weekto test edge of rotation zone. Note: Strongest demand volume observed since downtrend. Possible scenarios considered are: 1) Test rotation and rejected, for return to lower levels 2) (a) These levels become support for long (a) 33205 (b) 32728 (c) 31411 Price reaction levels Short on Test...
The price can still retest level 32760.1 as it was a resistance before it can push to the upside or it may pull back as the higher timeframe indicator that the price is at the confluence zone.
The daily chart is showing us that we are currently on a channel and is on a down trend.
The price is currently challenging the confluence zone. If the buyer are strong we are going to have a breakout but if seller are still in the zone we are going to have a strong rejection and more down move is to come. It is also important to know that we are still bearish in the market.
OANDA:US30USD A cup and handle pattern forming on US30 breaking resistance for a bullish setup on US30.
if we look at H1 timeframe, we will see nice double top. After 2 hours when New York session starts, we may see nice bearish candlestick.
Sell Dow Jones @32,800 Stop loss 33,100 Take profit 30,700
US30 - PRE NY SESSION ANALYSIS - 05252022 Price appears to be breaking down as I post this video. After yesterday's push up, price hung out in the 31900 - 32050 range during Asian/Early London session. I got in to the positions I have now at approximately 32040 and my ultimate target is 31000. Trailing stops at 100 points after price. Let's see what happens,...
Looking back at May 16th & May 22nd (LINKED IN DESCRIPTION) TA that was sent on US30 the following was stated and played out for both. MAY 16th TA “We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area. What we see / need to see now. 1. US30 is still...
US30 - POST NY SESSION ANALYSIS - 05242022 An erratic day today. Price slightly pushed up after my last post. Stopped me out at approximately 31767. I then got back in to another sell order around 31725 around NY open. Shortly thereafter price dropped about 300 points, I was trailing my stops so I locked in 200 points at approximately 31500 before price came...
US30 - PRE NY SESSION ANALYSIS - 05242022 After a nice push up yesterday, price is hanging out around the 31600 - 31700 level. It looks like price may be forming a higher lower, turning previous resistance into support. However, the overall bias is still definitely bearish and I've entered a sell position around 31660 as the previous H1 candle appeared to be...
US30 - PRE NY SESSION ANALYSIS - 05232022 Price has pushed back up to the zone/previous level of structure in the 31400 - 31600 area. It appears that it is retesting this previous structure before it continues with the overall bearish sentiment evident on the higher TFs. I am looking for price to fully pull back into this zone, my sweet spot I am targeting is...
US30 Weekly Outlook - Where are we headed?! - 05232022 Last week was absolutely crazy for US30! There was a HUGE drop on Thursday 05192022 with a lot of volatility throughout the week. The sentiment on US30 is still definitely Bearish in my opinion. On the monthly we are seeing a huge bearish candle with 9 days left. We're also pushing down to the 38.2 fib...
Indicies still continue to trend bearish. Placed fib from HL: 31574 to LL: 30631. Respects fib retracement at .7(Strong confirmation pullback). Respects May 18th, 2022 LL. Forms Rising Wedge at .7 retracement on timeframes M15-M1. Analyzation Projection: Us30 shorts to < or equal to 30631 Critiques are allowed on here. Thanks.
Looking back at May 16th (LINKED IN DESCRIPTION) TA that was sent on US30 the following was stated and played out. “We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area. What we see / need to see now. 1. US30 is still not out of our bearish zone....
US30USD YM1! DOW 2022 MAY 23 Week Last week scenario2 test and reject short was good. Play scenarios mapped out: 1) Test and reject 32167 or supply line of channel for short 2) If market reaches 29523, wait for price reaction as it was previous resistance turned support Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 ...
Here we have the 2D chart for US30. We have the impulse starting Mid March in 2020, which recently ended in January 2022. The Elliott Wave breakdown is as follows: Wave 1 - is made up of 5 subwaves (impulse) Wave 2 - Is a corrective wave made up of 3 waves (correction) Wave 3 - is another impulse wave made up of 5 subwaves (impulse) Wave 4 - is a corrective wave...