The Dow meandered slightly higher in a holiday week which is usually positive.
Our thinking has not changed, markets are very overbought and displaying narrower breadth as the rally is about to terminate.
Bear markets seek to shake out everyone, this rally is no different in weeding out the weak shorts.
Surprises seem to occur when least expected, a decaying...
We've tracked this well in Camelot, trading the path as shown. We had two levels for a reaction in price on resistance which have been surpassed, let's see how it reacts at the higher resistance level if it gets there!
As always, trade safe.
KOG
Hey traders,
Here is our forecast on US30.
US30 is trading within a resistance cluster.
Based on our analysis the US30 will dump.
❤️ Please, support our work with like & comment! ❤️
Hey traders,
Dow Jones Index is approaching a key level.
The underlined yellow area is based on a historical structure that was respected many times in a row recently.
I will expect a pullback from that.
Wait for a confirmation on lower time frames to short next week.
I will post an update once I spot a decent setup.
Have a great weekend!
❤️If you have any...
Hello,Friends!
In this market situation, I am looking at multiple indicators
And I can see bullish momentum accumulating on the pair right now
This setiment makes me bullish biased and I am considering a long!
Like and subscribe and comment my ideas if you enjoy them!
Generally:
stabilizing the price above 34290 will Support the Price to stable at the bullish zone to reach 34430 and 34530
but if reversed to under 34290 then it will touch 34150 and 34030
Pivot Price: 34290
Support price: 34150 & 34030 & 33950
Resistance Price: 34430 & 34530 & 34650
Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook on Dow Jones 30!
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Technical Analysis
US30 has broken out of the bearish trendline. The price still moves above the EMA 90, indicating a bullish trend. The MACD Indicator created a golden cross that...
the direction of US30 is up trend, now price above strong zone 34056 - 34212
as long as price trade above it our target will be 34590 , 34967 , 35316
for any reasons if price back off and stable under 34056 our target will be 33829 , 33624 , 33317
support line : 33829 , 33624 , 33320
resistance line : 34590 , 34967 , 35316
Send alerts with just a few clicks in 3 minutes from TradingView to Discord using webhooks.
And further in the video learn more about working with Discord.
The example commands for JSON that I used in TradingView's alert section in the video:
{ "content" : "Buy" }
{ "content" : "Buy 1 min {{exchange}}:{{ticker}}, price = {{close}} Time ={{time}} " }
It has been almost 2 weeks since Dow Jones (DJI) broke above the top (Lower Highs trend-line) of the Bearish Megaphone pattern that it has been trading in since the start of the year and the beginning of the 2022 correction. At the same time it broke above the 1D MA300 (yellow trend-line), which as we've mentioned numerous times was the barrier for a long-term...
US30 has shown a pause on the current bullish movement on higher timeframes which might indicate that a retracement downwards is about to begin. On the lower timeframes it has started showing the willingness to drop and if you're willing to take the risk you can take a short term sell. My set up is a 1:5 risk:reward. Remember to apply proper risk management and...
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