While the long term trend for US30 index is still bearish, the momentum of the recent pull back was very strong. The momentum was confirmed by the Lazy Trend - "Blue" candles and the Lazy Strength indicator (at the bottom) which started to turn blue.
My short term trades last week were long bias with confirmation from hourly trend below.
Total trades: 4
Profit: ...
In this video, we take a look at the US30 and how it moves after the current development between the US and China.
China said to offer a 6-year import boost of more than $1 trillion. The US, however, would like this to happen in the next 2 but
at least negotiations seem to be moving forward.
Measured by US30, an index representing the 30 largest corporate enterprises of the United States of America, closed the week with the second largest green candle of the year 2019 while preceded by 2 minor red candles and another 8 larger green candles.
My guess is this rally will continue for another couple weeks. Also backed by UJ seasonality, all relevant ...
As described in the chart... My strategy is to build the short position up to 24800 with the SL set slightly above 25000. I will add some more if the break of the trend line occurs sooner (it might). Good luck. This idea applies for the SP500 as well...
The Dow, as well as Nasdaq and S&P, are all about to reach their critical high for their current major retracement.
The dow has broken below a 14-month supply zone, a level that has kept the trend bullish, has obviously turned the current trend bearish.
However, the US stock market was resilient enough to perform a very deep retracement and the price has finally ...
View On Dow Jones On (25 Dec 2018)
The action on the Dow Jones and the stock markets, prove that the timing of the entry is the paramount factor a trade/investor must master.
It is mainly due to the fact that to the market do not move the core value (or) act rationally all the time.
It pays to learn the momentum and trading timing, instead of reading up all the ...
In this video update, we take a look at the US30 and how it could be shaping up for the year ahead.
We could see a short-term rise in the market before seeing significant downside. The upside will largely come from the USD
weakness if it can break lower, however, with the slowdown in the Chinese economy we could see further downside back into the key support.
3rd touch confirmed. If this falls through support zone below, we are back to risk off and continuation potentially of market sell off. Should help long JPY and short DAX positions too.
Looking at thsi index in the major timeframes i coudl fidn a very nice set up forming on the weekly and daily tiemframe where price has been creating a typical break adn retest of a broken ascending TL and structure adn 3rd weekly impulse meaning a possible revesal and new downtrend formation so in order to confiorm this i have marked to critical rejections zones ...
PSY—preliminary supply
BC—buying climax
AR—automatic reaction
ST—secondary test
SOW—sign of weaknessw
UTAD—upthrust after distribution.
Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend.
In a redistribution TR within a larger downtrend, phase A may look more like the start of an accumulation
Phase B: The function of phase B ...
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