Dow Jones (CME) (M1) Intraday: the bias remains bullish.
Long positions above 34050.00 with targets at 34600.00 & 34800.00 in extension.
Below 34050.00 look for further downside with 33750.00 & 33470.00 as targets.
Even though a continuation of the consolidation cannot be ruled out, its...
Long positions above 34480.00 with targets at 34900.00 & 35100.00 in extension.
Below 34480.00 look for further downside with 34315.00 & 34200.00 as targets.
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
US30Cash (4H Timeframe)
Waiting for the downward break of 33671 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 34173 would cancel the bearish scenario.
Stop loss: 34173
Take profit 1: 33408
Take profit 2: 32936
Take profit 3: 32166
Strategy: Bearish Trend Reversal
long positions above 33120 with targets at 34930 & 35530 in extension.
below 33120 look for further downside with 32000 & 30880 as targets.
the RSI advocates for further upside.
Our key levels:
US30-Cash (4H Timeframe)
A High probability, entry signal to go LONG will be given with the upward break of 33748 after the market found support at 33540. Only the downward break of 33540 would cancel the bullish scenario.
Stop loss: 33540
Take profit 1: 33989
Take profit 2: 34267
Take profit 3: 34721