US30 volume is unusually slow for this hourDow Jones Industrial Average Index forum
US30 volume is unusually slow for this hour
US30 As I said, the US session did not disappoint. Although there was a nice sniper entry for the buy, it has crossed the top crossing trend line, which could indicate breakthrough where it will continue to go up, time will tell. Wait for the retest of that trend line, wait for the bullish candles, and go for the buy. Good luck traders.
US30 The previous candle on the Hourly is a giant Spinning Top that suggests indecision and trend losing steam with a tall upper wick. As the bulls fill this upper wick, we're likely to see a bearish pullback if the bulls don't breach the Swing High of 46,421 with a candle close past that price. But if they do breach the Swing High, there's another one above that at 46,483 that the bulls can head for.After the pullback, price action can rally again because the Hourly is still in Bullish (directional) Market Bias.
*Side Note: Market Makers love to create very tall Spinning Tops because they cause confusion about direction for retail traders. Be careful when they show up, like today.
US30 so news did nothing
US30 Haven't seen a pop gun for a whileUS30 What's Up There?On the 4-Hour, if the bulls do a breakout at the high of the Inside Day at 46,421 and it's a true breakout, they can head for the Swing Highs of 46,421, 46,483 and 46,455 to breach with a candle close above their prices. If these happen, then more moves to the upside. But if none get breached, including the high of the Inside Day, then back down it goes.
US30 On the Hourly, it is in Bullish (directional) Market Bias after the BIG drop ended with a Bullish Spinning Top as the reversal pattern at the bottom of the descent.The bulls flipped the market bias to go back above the the Bullish Trendline (in green dotted line), flipping it from bearish to bullish.
After a trendline break, watch for a coming bearish pullback to fill the previous candle's lower wick, either partially or in full. The bullish trend can resume after that.
*Take Profit Projections to the Upside:
46,338 - Top of the Two-Tiered S&R Zone
46,373 - New Major Pivot High
46,336 - High of Inside Day for the 8-Hour Timeframe
46,421 - Basic Pivot High to Potentially Breach on the 8-Hour Timeframe
46,421 - High of Inside Day for a Breakout on the 4-Hour Timeframe
US30 buy if it comes to pullback below at h1 eg candle
US30 price in a range, a type of "rest" before a possible breakout to come during the US session today. A potential sniper buy entry is very close, just have to pay attention to price as it goes. But I'm keen to see what happens when the US session opens...
US30 up from here ??? Anyone??