US30 BULLISH RETRACEMENT possible on 4H Chart
Looking for rejection and buy signal at end of retracement for Long position
Retracement may happen at 34000.00 or 34300.00 zones. Will look for rejections and buy signals in these zones.
The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry,...
Dow Jones ( US 30) daily analysis on 1H chart. The price is currently moving down, it therefore needs one to wait for the price to push up and reject before one can take a sell position.
Market has stopped out early sell entrants taking liquidity on double top forming at current monthly high. Market is in the ideal zone for short on double top pattern formation. Seeking sell position to swing down to the next level which will be around 32850 for roughly 1,300pips or 13,000points as market should make a lower low. 1st tp for short term profits...
Very nice bear market rally, but it is still a bear market... therefore the boundaries need to be respected.
What do we see on this picture:
1. Double top
2. Upper trend resistance
3. Maxed out standard deviation move
4. Sloping down rate of change
5. Divergence on the RSI
Simple following market structure:
-Weekly chart there is a formation of a bearish tweezer top, wanting on candle close.
-Daily the previous candle isa bearish engulfing candle
-Breakout and retest H1
* If it breaks my major Weekly zone (orange box) I will keep my bearish bias
* If the price fails to break the weekly key zone (orange box) I will look to buy....
Dow Jones ( US 30) daily analysis on 1H chart. The US 30 is given us a fails breakout as we see the price moving down again. This is putting us back into the bear market , which means that we have to look for selling opportunities more than buying opportunities.
- firstly i want to explain what is US30, you can google it :
- US30 is a stock market index designed to measure the performance of 30 large industrial companies based on the average stock price of the components "during a specified period".
- So basically...when u have a Top30, if one company fail, this company is replaced by number 31.
- it's same in football...
Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the US30, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
The market...
Since the end of the last year, an interesting pattern has repeated several times:
-Main trend remains bearish inside a descending megaphone.
-Every time it got close to the upper line, it made a double top (actually the 2º test is always a bit higher) as I showed on the chart.
This makes me think of a possible bullish scenario for this month in order to retest...
Dow Jones (US30) daily analysis on 1H chart. The market is on a move to the upside. The price is currently at the support level. If the price respect this level we will see the price pushing up. This may be supported by the economic news of today NFP.
OANDA 
