Dear colleagues, it is possible that the price will update the local low and finish wave 4 a little lower, which means that we will have an opportunity to enter a long position more favorably! The target remains the same - to update the maximum of wave 3 39980.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
We have reached a key level on US30, look from the left we had a lot of reaction which explains the volume that was hidden there. (@39061) Now based of that level we can take buy’s to the up side , not expecting too much resistance as we have clean candles on the left, this should be a good one. ✅
yesterday i forgot to upload my ANALYSIS us30 is rebounding from a huge loss but it shows some resilient now and it'll recpver very well so i have decided to go long
Dow Jones reached the top of the late 2022 Channel Up and is already on a 3day rejection.
If it crosses under the MA50 (1d), the strongest short term sell signal emerges.
Trading Plan:
1. Sell if the price crosses under the MA50 (1d).
Targets:
1. 38050 (Support A).
Tips:
1. The RSI (1d) is testing the 58.47 level. Past breakouts under this level have coincided...
Looking at the daily time frame. Price is currently retesting the neckline from the daily double top. Looking to see price fall down to 38500. If you agree please like this post.
Greetings !
The setup:
-RMI (Range Manipulation Initiation)
-An increase in liquidity.
-An interesting area.
-Optimal Fibo (OTE).
-No counter-trend.
- FVG (Fair Value Gap/Imbalance) *Optional
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Questions ? Leave a comment!
H4 - Bearish convergence.
Expecting short term bearish moves to happen here.
H1 - Strong bearish momentum.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
📊 According to the strong downward momentum of the price movement, if the range of 39100 units is broken and the price stabilizes below it, the price may fall to the range of 38900 units🎯, and in the case of the strength of the range of 38700 units🎯🎯.
📊 Otherwise, the possibility of price increase up to the range of 39400 units.
(1) We have witnessed a sharp fall from 29,500 level in Feb’20. This was almost 38% fall from the top. Market had gone in a oversold zone.
(2) Around 18,300 level, price found a support and bounced back from this level.
(3) With an upside rally, price managed to breakout its previous resistance.
(4) After the breakout, we have seen a sharp upside rally further...
Price has pulled back into a daily zone which initiated the big move upto 40000. Formed a double bottom and rsi re-emerging from oversold. Lower time frames making higher lows and highs.
The important support area for the US30 index is around the price of 39000. Considering the RSI is in the oversold range, an upward movement with targets at 39448 and 39844 can be expected. 📈
