Hello traders, as we take a look at us30, we are in a strong bullish trend. I am currently staying patient and waiting for potential buys. Predicting price to sell down toward our 4 hour demand zone around 38300. If price makes it down here I will be waiting for confirmation but looking to get in around this area. Good luck traders, be sure to use proper risk management!
Dear colleagues, I suppose that the upward movement is not over yet! Price is in the upward impulse of wave 3 of higher order and wave 5 of lower order. I expect the completion of wave 4 of lower order in the support area of 39340, then the upward movement, which will update the top of wave 3 of lower order in the area of 39980. Manage your capital correctly...
US30 remains in a strong bullish stance, and I'm still on the lookout for long opportunities. Last week, we witnessed a retracement in price to fill the previous imbalance, although some imbalances remain. This was adequate for initiating a new rally, as we're currently observing. Now, I anticipate two possibilities: either price will break past the newly formed...
This analysis took 3 hours. The calculation is very accurate. The green lines are resistance points and react to their own conditions or continue the trend. This analysis was made using only the strategy and no tools were used in it. No lines. The process without static dynamic without Elliott or whatever you think. Whether you like it or upset it will happen....
weekly daily up trend(trend is your friend) bullish patterns breaking resistance ( 39850 ) by 4hr candle we will continue bullish to 39970_40080 to reverse our bullish trend dow must break the main support by 4hr candle ( 39300 ) then we will go bearish to 39060_38900
The Double Top is clearly visible on the chart US30 has hit a new historic high. As a result on the left side of the graph, there is no data to analyze This analysis has an educational aspect and You are responsible for trading based on it
TECHNICAL OUTLOOK AT 1H: 1. Bearish Divergence 2. Rejected by the Resistance Zone TRADE PLAN: Take entry at the break of previous Higher Low.
Dow Jones at Key Resistance Level The Dow Jones Industrial Average (DJIA) has been on a tear in recent weeks, reaching its highest level since January 2023. However, the index is now at a key resistance level, and a pullback could be in the cards. Technical Indicators Suggest Overbought Conditions The daily chart shows that the DJIA is now trading above its...
Upon further investigation, I have concluded that the current bull trend is similar to the bull trend number 2 from 1942-1965. Both trends are showing a rather flat 43 degrees up movement. A slow and steady trend. It is not as steep as the dot com bull run with its 53 degrees. Bull trend appreciated 970% over the course of 286 months. Using the same criteria...
60cbL 261h1 No validation for now but 40k is close lets see how daily candle gonna end up
Dow Jones (DJI) is approaching the top of the 1.5 year Channel Up, while at the same time holding the Inner Higher Highs trend-line. The 1D MA50 (blue trend-line) Support is getting increasingly weak as it is now on the 0.786 Fibonacci retracement level, the closest it has been to the price action since the the November 2023 break-out. Technically this is as...
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Keep it simple. It's essential to keep things simple.
The Dow Jones US 30 tested the resistance that it broke recently, which pushes it to rise further from the current levels and to the targets shown, especially since it formed a double bottom pattern below and penetrated the neckline, which is an indication of the rise
let's patiently wait for the market to give us a clear direction before the NYSE opens butthis is what i think might happens
Price is moving within this channel with smaller movements still respecting the premium & discount ranges internally. until we see breakout of this channel price is very predictable according to internal supply & demand zones within the range. Basics like 50% discount in range does produce price to go up and react within zones. Good map to use for charting out...