Markets have topped out after months of belief that the Fed would drop rates.
The Fed will NOT drop rates until the economy is in recession and the markets collapsing...that is how they function.
An initial selloff into mid April has been met with a weak bounce so far, this is your prime moment to load your shorts and prepare now for the mother of all bear...
DJ30 is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci projection. A rejection from this level could indicate a double top pattern which could lead to price drop.
Entry: 38611.96
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci projection.
Stop loss: 39089.65
Why we...
Hi Traders !
On The Daily Time Frame:
The US30 Reached a Strong Support Level (37264.94 - 37022.32).
The Price Formed a Double Bottom Pattern.
At The Moment, The Neckline is Broken !
So, I Expect a Bullish Move 📈
_________
TARGET: 38915.00🎯
Hello every one
As we all expected, Dow starts a bullish trend from the first day of the week but we do not know if last week correction finished and what I have counted is correct or it is just wave b intermediate of ABC of wave 2 Primary.
Note : There is another scenario that say we are in huge recession and what is happening is internal wave of an ABC cycle...
Hey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38470 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 38470 support and resistance area.
Trade safe, Joe.
US30 just grabbed liquidity at 37740 level am expecting a breakouts from that zone till we take out the 37701 then am going in on a long sell till 37001 is completed join and enjoy
tell us what you think......?
Dear Colleagues, I suppose that the price has started the wave "5" of the higher order. At the moment I expect a correction in wave "2" of lower order, then I expect the beginning of wave "3" with the aim to reach the resistance area 39156.49.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
After the conclusion of yesterday's FOMC meeting, the US30 index initially experienced a bullish surge, only to retrace back to its pre-announcement levels shortly thereafter. Within this movement, a notable observation was the emergence of a Fibonacci Volume Gap (FVG) area, particularly evident around the 50% retracement level of the preceding bullish impulse....
The US30, also known as the Dow Jones Industrial Average (DJIA), is displaying strong bullish signals, indicating a potential uptrend in its price movement. This bullish sentiment is supported by various technical indicators and market dynamics.
Based on the analysis, there is a compelling case for entering a buy position in the US30 index. Traders may consider...
Executing a Scalping Position on US30, the price initially reached 38570 before experiencing its first retracement. Currently, the price is undergoing a pullback at the 61.8% Fibonacci level, coinciding with a Bearish order block. Our focus lies on anticipating a rejection of this zone and identifying a new CD Leg Fibonacci extension.
buy opportunity coming up , we can take this buys towards the upside of 38500 and further . liquidity was grabbed , small game was taken out thus market makers want to take control of market again .
US30
The price has breached the pivot line and stabilized below it, indicating a continuation of the bearish trend towards 37620. If a 1-hour or 4-hour candle closes below this level, the bearish trend may extend towards 37120. Therefore, the price is likely to fluctuate between 38065 and 37120 until a breakout occurs.
Additionally, today's FED and FOMC...
Futures tracking Wall Street's main indexes remained subdued on Tuesday as investors awaited the Federal Reserve's interest rate decision and closely monitored earnings updates.
The Federal Reserve Open Market Committee (FOMC) will commence its two-day meeting later today, with markets focused on both the interest rate verdict and Chair Jerome Powell's...
Dow Jones (DJI) gave a solid short-term sell signal on the MACD Bearish Cross last time we analyzed it on the 4H time-frame (April 24, see chart below):
Similarly, it is flashing a strong buy signal now after the 0.236 Fibonacci rebound that keeps the price action above the 4H MA50 (blue trend-line), in similar fashion as September 14 2023. The 4H MACD even...
Futures linked to major Wall Street indices rose on Friday, buoyed by positive corporate announcements from Apple and Amgen. Traders are now poised for the release of a critical jobs report, which is expected to provide more clarity on labor market conditions and the trajectory of interest rates.
Attention is turning towards the crucial Nonfarm Payrolls report...
Dow Jones formed a huge double bottom pattern on a daily,
after a quite extended correctional movement from all-time high.
The price turned very bullish on Friday and broke a solid horizontal resistance.
The market may start recovering now.
Target - 39000
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This and NAS100 have a similar path not the same.
WEEKLY
40000, the highest price it has peaked at. When it peaks it then drops and goes to fetch support from a previously strong support level. NFP is where we will get our volatility.
DAILY
We were in an impulsive phase, because we know that the trend is bullish. Just stuck in the ascending channel. 36000 looks...
