Every level and up-trend is being rejected by the stock market.
Underneath the current price is an important crossing of an important support and the downwards trend. This may not hold at first, because in March 2020 the market rallied up to that price-level at first after free-falling.
If today 11th October the markets don't stabilize, it will get very bad for...
Looking at the H4 chart, the current overall bias for DJI is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. To add confluence to this sell entry, there is a market gap at 29672.85 near the sell entry that looks good to be filled. The entry is placed at the bottom of the market gap to...
The Dow Jones Industrial Average (DJI) has been highly volatile today following a two day selling sequence on last week's closing. Following the NFP on Friday, the market is entering the anticipation mode over this week's CPI report, which is crucial on the Fed's rate policy. Amidst this high volatility we have spotted a recurring pattern, which has been...
us30 is creating higher highs - higher lows but dosnt have power enough to go bullish to 29420 level, so i am waiting to grab some liquidity on the previous lows, the best place to buy will be 29200 level that is a clear fair value gap to close.
Price needs to mitigate the demand zone below to cover the imbalance formed before a retracement upwards ..What are your views, let me know in the comment section below
On the H4 chart, the DJI has a bearish bias. Look for a possible retracement sell entry at 29672.85, which is the location of the 100% Fibonacci line, prior swing bottom, and market gap. Enter at the very beginning of the market gap rather than at the top to prevent missing out on a trade. The stop loss will be set around 30454.46, which is just over the 23.6%...
US30
the price can stable under 29220
So even if the price under 29220 will drop to 29065, and if can close 4h candle above 29220 will support the price to push up
and if breaks that also then will drop to 28850 because already we are at the downtrend
pivot price: 29220
resistance price: 29335 & 29535 & 29655
support price: 29065 & 28850 & 28740
We Are Currently In a Down Trend , Price Has Made A New Daily Low .Will See How Price Reacts To The 28800 Demand Level and Holds , Will Be Looking For Buys .... But If Price Breaks That Level Will Be Looking To Short The Market .
In the current situation, stocks are still at the mercy of the dollar and negative pressure. We expect an upward correction before continuing to decline. We will look for good selling positions.
The general bias for DJI on the H4 chart is bearish. To add to this bias, the price is below the Ichimoku cloud, indicating a bearish market. Looking for a retracement sell entry at the market gap of 29672.85. To avoid missing out on trades, the sell entry is positioned at the very beginning of the market gap rather than at the top. Stop loss will be at 30454.46,...
This is how I am looking at dow jones for the week ahead and beyond. As per last week's analysis, price made it to daily demand. I was looking to long from there so the plan now is to validate this zone for longs.
First TP will be in H4 supply and if that breaks price will get to weekly but we know it won't be moving in a straight line so prepare for those...
DJI just reached a very crucial
Support level, which might take some little more time to be token as it has acted as a very good support in future.
We can enter a long position at this point with a very tight stop loss, looking for an upward position!
US 30 daily analysis on 2H chart. The market direction is bearish. The price has just rejected at the resistance level and is currently moving down. If the price respect the recurrent low. the price will move up, if not, we will see the price break and move down.
