Price is currently rejecting off the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 38579.76 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 39060.40 Why we like it: There is a pullback...
It is expected that the upward trend will end in the current resistance range and we will see the beginning of the corrective trend. If the price crosses the support range, the correction process will continue
New World Capital - Article 4 FOREXCOM:US30 US30 is going through a sharp correction and is now trading around some major support @37800. Those instruments are usually good for investing in the long run so buying the falling knife is worth the risk. We are now in a Buy position risking about 1% of our account to generate about 5%+. The volume is adequate;...
US30 broke structure and continued on a downtrend giving us a new low (Indication). It is now in a correction phase and watching as price reacts to that area 38400-38500. If we drop and close below 38440, will be looking for entry to sell to the lows at 37300 area.
Dow and Rusell2k have rallied back and may be finding seller supply at current levels. If prices go lower and fail to hold recent support, then an extension of the down move could be in play. The majority of the gains stocks have been from the ai and magnificent 7 stocks (nvidia, amazon, tesla, microsoft, apple, google, meta). These stacks are a larger...
Nasdaq/US30 is always up to us to know where it is about to go, and now see.... Now we taking buys to the PSTG 1 AND 2 Which now fit
US30 is showing bullish divergence and it break its Last LH Plus its trendline which shows potential HH buy on CMP As last lower LH Break
As we monitor the US30, it is evident that the index is currently in the process of resolving any remaining disparities in fair valuation. This phase of adjustment may involve a period of minor downward movement, as the market recalibrates, before subsequently resuming an upward trajectory towards establishing fresh record highs. Factors such as ongoing economic...
Price Flow Strategy: FLOW (Daily/Weekly): UP flow (4hr/1hr): down i-Flow: the flow(4hr/1hr) is still intactly down and we spot no intentions of the FLOW returning soon Action: (see chart) From here we are looking at a retest of the zone 38453-38568 or anything that will validate the continuation of the sell. Follow me for updates. entry...
Looking at the double top from the chart, you can see the divergence from the bearish, although the late entry, there are still good short opportunities. Maybe we should take this chance
Now bullish on $30, it is recommended that you hold a long position in the area shown on the chart. If you are day trading, it is recommended to look for bulls.
New World Capital - Article 5 FOREXCOM:US30 More liquidity is being grabbed on US30 as well. When a breakout is about to happen, it is more often than not preceded by fakeouts. If all the conditions are met in this session, we will observe a breakout of US30 past the $38,000 - $38,200 zone and see new horizons around $38,500 and beyond. It is not a matter...
Hello,Friends! Previous week’s green candle means that for us the US30 pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 33337. ✅LIKE AND COMMENT MY IDEAS✅
Pair : US30 Dow Jones Description : Double Top in Short Time Frame Completed " 12345 " Impulsive Waves Fibonacci Level - 261.2% RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Bullish indications: Resistance broken at 38227 Inverted head and shoulder pattern broken. trend line resistance broken. Made a new high possible change of trend. Bullish divergence in 4 hr time frame. Trade plan bias long @ 38247 SL:37953 TP1:38550 TP2:38826
Wait for breakout then sell Dont over complicate things Money money money
what would your analysis be based on the current price movement?