This afternoon US releases are expected to affect the US indices in particular the Dow Jones (Ticker AT: USAIND) retail sales, also fuel and auto sector, and the NY Empire State manufacturing index from the Federal Reserve which compiles a survey of the top 200 executives of the top companies in the sector. A change in this index can indicate the pulse of exports,...
Us30 has dropped below previous month lows and has been bearish since the beginning of the month. This is a great indication markets are very bearish at this moment. First I will liek to see if price could drop, how it would react passing 37849.24. If price begins to fall I will like to see it reach the areas between 37055 & 35975
After the completion of the recent rising wave, it is expected that a corrective pattern will be formed and naturally it can advance up to the specified time limits.
If the index stabilizes above the resistance range, the corrective and downward trend will be invalidated
38055 has been swept. Now there is 2 areas of liquidity (38610 & 39050) that have not been liquidated yet. We could see possible moves into these area for the next couple weeks. If not then bears will just continue breaking key structural levels to the downside.. Confirmations are always key.
Simple trading - Head and shoulders
Us30 has broken the neck-line of the Head and shoulder pattern on the 4hr. US30 is bullish on the higher time frames so always be ready for a pullback to the upside. Looking at the daily chart to see if the price will retest previous support and turn resistance.
Due to the lack of bullish momentum on the smaller timeframes, I...
Weekly analysis we have been in a bullish trending market if you can see on the trendline we have had a strong bearish candle changing market sentiment allowing you to now look for different opportunities in the market. potential downside short term to start closing opened positions? or can we see Us30 into a ranging market again?
US30 is approaching strong support after strong CPI released on wensday lead Us30 to big bqxk, will this be a good time to take long entry or some recession coming, I will be looking for buy opportunities the next coming week n hold until the target.
Hello everyone
I am not surprised for this recent news regarding Israel and Iran political problems and start a new war but I am, it is better to say, that I hope this war will be a fake news to make the market a dip and this problem might be solved soon. A human do not like to make money from a war.
If my estimate is correct so we will see a shallow correction...
Weekend analysis, we aim to buy long if us30 form a reversal chart pattern on the nearest zone since it have been the strongest support over the past days and months
Us30 is more like to form a reversal at the nearest support level since it was the strongest support over the past trades, if the level is respected and we see the reversal chart pattern forming we take a risk and enter the trade. Risk management must be used to avoid losing more capital
