US30 SPOT 4HR (4HR View) - So price has now appeared to found major support at levels 37317.8 (TP6), Going forward i don't think these levels will break when looking higher at weekly TF, WEEKLY OB STILL INTACT. We have though created 2 FVG gaps (4HR) below which i believe will be our RIP area, for a move up to clear the higher FVG we had a reaction of but was not...
According to the downward trend of the Dow Jones, we are still waiting for correction from the specified point
US30 is showing bullish divergence and it break its Last LH Plus its trendline which shows potential HH buy on CMP As last lower LH Break
Considering the reaction of the index in the support range, it is expected that the upward trend will advance to the resistance range and even the resistance levels. After the possible upward wave, the continuation of the downward trend is expected
4/12/24 we created a bullish gap when market opened at 5pm the week before we were in a down trend sell formation. I expect to continue this uptrend for the next 1-2 days or at least 1 4HR candle closer.
Price is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 38350.42 Why we like it: There is an overlap resistance level which aligns with the 38.3% Fibonacci retracement Stop loss: 38748.42 Why we like it: There is a pullback resistance...
weekly is down daily is down. here we have a 1hr supply nested in a 4h supply. however the market just tapped into daily demand. that's our opposing zone. I would like to see 1h supply entry area hold. also this 1h supply is along side 32.8 fib and weekly resistance to add some more confluence
We are waiting for a confirmation from the market wether we will continue with the bearish trend or we will break it and create a change of trend which is a bullish trend
US30 - LONG us30 looks like gonna go up to any of the red line and if we get any sell setup we we can sell again, this week im expecting up move. risk small and use Stop Lost.
Technically, I expect the end of the current downward correction period. The rise resumed again towards 38800 levels again.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
📊 According to the buying pressure created in the market and the decrease in the downward momentum of the price movement, if the range of 38100 units is broken upwards and the price stabilizes above it, the price may increase to the range of 38400 units🎯, and in the case of the strength of the range of 38950 units🎯🎯. 📊 Otherwise, the possibility of price increase...
DOW JONES 30 │ US30 │ WEEKLY OUTLOOK Daily-timeframe Much like the four-hour timeframe, this timeframe is bearish and tapped into a strong demand. It may reach higher into the supply zone above current price. However do not be fooled into buying, the wick is left behind is too enticing for stop/sell orders the market would definitely like to reach below that area...
US30 is at an area where it re-accumulated in the past, at this point she has taken out a solid chunk of buyers and could be ready for takeoff, at least a pull back off this area is imminent. With the War scare, which in my opinion is just a fugazi for them to rush sellers into the market so they can fill their buy orders but if it intensifies we may see us30...
US 30H chart at resistance of downtrending channal
A very sharp divergence has formed in the daily time frame. I said before, we need to see a deeper correction.