NFP WEEK quick scalps on the short -i broke my rule and traded -even though i made money its still a lesson
Ultimately, we know the bears are still in control. However, we need a major pullback to that weekly supply in order to sell high. So what I see happening from today until tomorrow - especially with NFP in the picture, is that the rising wedge will break to the downside giving shorting opportunities and for price to fulfil certain structural moves before it goes...
DJI has a bearish bias on the H4 chart. In addition, the price is below the ichimoku cloud, indicating a bearish market. For the sell entry, price should retrace upwards to the 61.8% Fibonacci line at 32160.05. To add to the confluence of this sell area, there is a market gap that appears to be fillable there. The stop loss will be placed at 33364.70, just above...
This is not a long term trade. But currently price is in at a resistance level and sellers could percieve this as an area to seller. Learnings from yersterday will let me know to get in an out trade of trades tomorrow, and win as early as possible. The core lesson learned revolved around staking my sellers, and not knowing when to close the trades. Final sale...
Trade signal using my proprietary Rythm software. US30 SHORT
The overall bias for DJI on the H4 chart is bearish. Looking for a potential sell entry at 32046.82, where the 38.2% Fibonacci projection line intersects with the 61.8% Fibonacci retracement line. The stop loss will be set at 33364.70, just above the 78.6% Fibonacci line. The take profit point will be at 27215.07, which is the location of the -27.2% Fibonacci...
We impulses gradually previous day and the market found a strong resistance AND BROKEN that area of resistance traders can buy till price target
- Possible bullish pullback price movement towards the resistance 30800 within the next period.
Price is playing out nicely as analyzed last week too. Price is heading towards the bearish POI at 30485.6 where I'm expecting a mitigation and then price to continue lower.
Waiting for US30 price action when it comes to this strong confluence area. (38.2). From there I'd expect to see bullish price action at this zone.
Next 10 years will be a media circus! Creative narrative spins by the main stream media, to wrongly explain why, how and who is responsible for this mess. Oh yeah, #DowJones could be confirming on YEARLY close a new precious metals bull era. #fintwit #stagflation #gold #silver
a descending channel to the downside, followed by a bullish impulse and hopefully a continuation flag
US30 to go down from here for the bearish channel formation to continue. This scenario is supported by the following fundamental analysis: As oil supply will be decreased, the dollar index is expected to further strengthen and this will put more pressure on the financial markets going forward.
You know what they say about men with big feet.. Wait that's a bit random. Anwyay, here is what my Outlook is for US30 and Indicies in general
Hy team hope you all are enjoying our ideas and analysis. Now we are here to discuss about US30. US30 Is still in Bullish Trend and it has Maximum chances we can see price around 31200 Soon. And fundamentals also supporting this. 31200 is a strong resistance zone. That will give it a strong rejection. Keep in touch we will update further soon.
Going against technical indicators . buying us30 for the rest of the day
US30 as broken my short term bearish trendline to the upside, you can see a series of HH forming on the H1 TF. looking for the market to open bearish so I could get a possible entry to the upside, looking to ride the up move to 31201. NOTE: if the market does not show any signs of weakness during the Asia session I will just pull the trigger without waiting for...