The inside week breakout for SPX500 was AWESOME!!
Here we got a inside 4hr for us30.
If it breaks to the upside, it will be a simple trend-following inside bar breakout;
while if it breaks to the downside, I'll be also interesting in the demand zone long!
Let's see how it goes!
Expecting US30 to Break above the 26000 point mark during after hours (post Presidents Day Holiday) or during Tuesday's trading session.
There is likely a large amount of liquidity building above the obvious "double top" we are seeing... so why not stop everyone out who is selling?
Although I am anticipating a downside correction - I believe we will have the...
Good place to sell here into the US Market. Why?
1. RSI D1-M15 totally overbought. Dow regained over 6.81% in 2019 till now.
2. SPX and NASDAQ underrated equal to Dow.
3. World economy indicators are on the way to turn lower.
4. 26.000 were latest tops for tournanround.
5. Gold price still raising equal to Dow Jones.
Hi there Greetings from Wave Trader and very HAPPY NEW YEAR and have nice and profitable 2019.
We are having almost 20 percent drop on US30 which is creating very nice longer term buy setup. There is lot of fear in the market but the price action we have seen recently that is telling use that soon this fear will be over and we will see bullish trend resumption....
I know its too early to be drawing a H&S pattern but its worth a shot as I'm bearish on this market. Its good to have a trading plan so when price moves according to my chart so I know what to do.
The momentum is strong for US30 and it has been respecting its trendline for quite some time. I'm noticing some form of exhaustion coming since that first wave of...
I've been bearish on the s&p and dow for a while now, and had a couple of stings when it jumped after i was expecting it to drop, but if my basic premise is right, what we are approaching isn't so much a market crash, as a longer term ranging correction (that could none-the-less have some violent turns in it). Everything is weighing up to the way-overbought...
Eyeing a false breakout to the downside breaking my trendline, and testing our 61.8 Fibonacci level. The 61.8 area confluences with prior structure. The breakout will be monitored during pre-New York hours. Entries should plan to be taken during the New York session. Happy Trading!
Well this US30 will be my last mark up for tonight. I'll update on any pairs once I see what I need to see on the charts. I'll look to see if price can break through the 25968 level. I'll follow 'til Feb. 22, 2019. I react to levels. I patiently wait for opportunities. At times, levels can be right above (or below) others. Levels are color coded so there's no...