long positions above 33950.00 with targets at 34250.00 & 34390.00 in extension.
below 33950.00 look for further downside with 33830.00 & 33745.00 as targets.
the RSI is mixed with a bullish bias.
After the breakdown of support 32348 at the end of March, the price rose to resistance at 33571.
And during the last month it has been moving along the line.
I am expecting a fall for the following reasons:
- strong resistance - line of the channel formed in September 2020
- no serious breakdowns (one - false - occurred in mid-April).
- The fact that the price has...
Dowjones make it a bomb.
You should know we two condition for Sell and Buy:
Sell condition, should be make free candle under 33830 to get fully stablizing sell zone.
Buy condetion, should be make free candle above 34200 to get Buy zone.
Waited for price to fill the gap imbalance from Monday's Market and found an entry on the wick near the $ sign. US30 is currently in a bounce consolidation with support at 33750 where the market makers have been grabbing liquidity.
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for US30, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Dow's been consolidating in a rectangle pattern for a few weeks. I like DIA call options going out to June/July or Dow Jones futures. I'm expecting a breakout soon based on this week's price action.
A break below would trigger a short, but I view that as a low probability
A lot of talk is being made in 2021 about the bond yields and personally I have been following the US10Y very closely due to its effect on Gold and stocks.
At the moment I have singled out the most important trend-line that should weigh heavily on the 10Y in the following weeks/ months. As you see it is the 2 month Higher Lows trend-line that started after the...
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.