I can't believe it.
The Dow futures registered a lower price than that of the local pivot from the prior week. Whether this leads to an almighty selloff today or not does not matter.
Baby steps.
-LowerPig
CURRENCYCOM:US30
TVC:DJI
CURRENCYCOM:US500
TVC:SPX
TVC:NDX
After a strong price movement in October 2020, the price came to the resistance line 30083, bounced and fell to the support line 28839. And both of these lines became the guiding lines for the uptrend.
At the same time, the support line was formed in September 2020, and the resistance line in November. In early January, the price broke through the resistance line...
- Pullback Momentum identified with large volume at 30500 This pattern is still in the process of forming. Possible bullish price movement towards the resistance 31600 within the next period.
I trade GBPJPY only, not only because I love the pair and it's volatility, but it's preparing me for the more institutional style of trading and training for the US30. This is a position in which i used my same analysis, as i would on GJ because the correlation and overall mobility of both instruments is amazing. Here, we can obviously see that was retesting the...
Entries are highlighted as we caught support at the neckline. If this thing consolidated it'll be disappointing but hopefully we hit that resistance again!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for DOW JONES, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Look what happened in february 2020 to learn a few things similar to what is about to happen. it started climbing from 2019 until it fell off the cliff. It is climbing and is now close to the top of the cliff. What do you expect?
Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: DOW JONES is sitting around a strong round number 31000 area in blue and its All-Time-High so we will be looking for sell setups on lower timeframes.
on M30: DOW JONES is forming a wedge pattern in gray but it is not valid yet so now we are waiting for a third swing...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
DOW JONES is sitting around strong round numbers 30000.0 - 31000.0 so we will be looking for sell setups on lower timeframes.
on H4: DOW JONES is forming a channel trendline in red so we are waiting for a new/third swing to form around it to consider it...
The Dow twists again to the upside in another seesaw gyration.
Today we hit a critical zone going back to 2018...since March 2020 we have catapulted 12000 points on a world economy shrunk by 4%
Valuations are insane...but the crowd drive through red lights.
Calling a major top is fraught with risk...patience and probability can give you an edge when you simply...
- Pullback Momentum identified with large volume at 30990. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 31600 within the next period.
