Dow Jones had rallied through 27182 yesterday before reversing lower again. The indice is seen to be trading around 26700/50 levels as we prepare to publish this update. Potential wave counts are indicating that a Dow Jones has now carved a lower degree Wave 2 flat around 27182 yesterday. The earlier drop between 27626 through 24544 was lower degree Wave 1. If the...
US30 is currently at a trading area where I believe could potentially move in any direction. As such, it is better to sit on your hands for this pair and do nothing for now. However, here are 5 things that you can look out for to determine a directional bias that could potentially help you enter into a trade that could lead to a sizeable profit.
Scenario 1) Price...
El US30 en temporalidad de Weekly se esta acomodando bastante interesante para empezar a caer probablemente en estas dos últimas semanas de julio.
Tocando un nivel 71% del Fibonacci y una zona de Venta.
Esperaría una caía muy fuerte y rápida.
We now see support at 26636 and 26407 !
1 - If the support of 26636 breaks and the candlestick closes below this number, the next target will be 26407 !
2 - If the support of 26407 breaks, we will see a sharp drop in prices. And the targets will be 1-26000 2-25800 3-2500, respectively !
▬ And if the support I am looking for is not broken, the price will continue...
Sector rotation has been occurring since late last week, as we have seen technology stocks get sold (profit taking), and stocks in the industrials, materials, energy, and financials have been getting bought up. Today, the Russell futures only sold off 6 ticks before ripping higher and closing up 4.26%. The Russell stood out amongst the crowd today, with the S&P...
Hello traders, kindly like this idea if you love the analysis and leave a comment on what you think about it
Dow Jones (US30) has filled a reacted off a filled Volume Imbalance from yesterday, looking for it to take liquidity resting above 1H short term high into the 1H OB for an Optimum Trade entry short
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Looking at the TVC:US10Y - TVC:US03MY and the AMEX:SPY it seems that during a recession like this TVC:US10Y - TVC:US03MY should rise and AMEX:SPY should fall.
Will it be the case this time as well or is this time different?
Maybe the FED cannot allow TVC:US10Y to rise this time due to the amount of debt and will instead impose yield curve control...
I expect the price to correct to 26510 or 38.2% Fibonacci retracement.
The reason why it gets corrected because I notice in the Ichimoku indicator that the Tenkansen and Kijunsen are far separated. When that happened it will attempt to get closer for equilibrium.
On top of that, the price deviates too high from the Kijunsen which also indicates inequlibrium which...