We're looking for a long trade on the US30, anticipating a reversal from strong daily support. The candle reaction seems strong, indicating a buy trade opportunity. On the 1-hour chart, we're observing a double bottom pattern with a neckline breakout, and it's currently undergoing a retest.
Entry: 32,999.68
Stop loss: 32,807.31
Targets: 33,218.12 and 33,382.31
Just something to think about and consider. Even though reaching back to the 3500 seems like a farfetched idea, technical analysis is suggesting otherwise. I can already see market structure shifts on the 1hr TF (CHoCH)... Waiting to see how far to the upwards market can move.
After much bullish candles at the open of the New York session on Monday, US30 continue bullish and toward the close of the market we have massive bearish candles. We should expect strong retracement to the downside breaking the support zones before the open of NY session today.
DJI big chart uptrends starting to show signs of weakness. If we break from these levels momentum can pick up as we go through next ones. Shorting DJI.
MY VISION NOW
my target well be the SSL down waiting the price to go up to the green zone again and then looking for some sell
either you accept it or not
the target is SSL
if u want the entry with me do follow I'm gonna share it here
the killer of us30
remember down down down
**------------------**
if i see any change of price to go up I'm gonna inform you guys
We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up.
Based on analysis, there is a possibility of a bullish pullback on DOW or US30 with a potential price movement towards the resistance level at 33800 in the near future.
CME: Micro S&P 500 ( CME_MINI:MES1! ), CBOT: Micro Dow Jones ( CBOT_MINI:MYM1! )
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The Dow Jones is trading in a downward direction, approaching a demand area, and upon arrival, the harmonic (penny) pattern will be completed, and we will open a buy deal upon the appearance of a Price Action candle.
Looks like the us30 is giving a possible head and shoulders setup. Should we get a get a breakout, I'll be looking for opportunities to go long on the retest. What are your thoughts on this pair?
By examining this chart in the daily time frame, we can see that if the price stabilizes above the range of 33,900 to 34,000, we will probably see higher targets , the possible targets of this Bullish move will be 34,300, 34,550 and 35,000 respectively! If today the price stabilizes below this supply zone , the Bearish targets of this scenario will be 33550, 33110...
US30
New forecast
The price perfectly fulfills my last idea and price reached to our target +155 pip and still running .
The index price repeatedly presented negative closings below the 33155 level, forming an additional barrier against the bearish attempts. We noticed that it incurred additional losses when it touched the 32981 level.
Therefore the downward...
