The dollar has been strong for a couple of months tanking us30 nas100 and the s&p500 Currently the dollar is over bought and the indices are over sold Possible long!!!!!
Shorting us 30 based on my weekly bias which let me believe the price will drop a little more before reversing.
Price is in a strong bearish trend on the H4 chart. In addition, the price has dropped below the Ichimoku cloud, indicating a bear market. We're looking for a retracement sell entry at 30065.17, where a market gap is waiting to be filled. The stop loss will be set at 31020.79, which is just above the Fibonacci 38.2% line. The take profit point will be at 28451.56,...
My thoughts are mostly on the chart, bias is sellside for a new low, buy for an intermediate high before a lower low, willing to aim higher after that.
The price will stay in the bearish zone I expect will drop gradually till reaches 28300 because the weekly candle can close under 28830 and also it is normal to reach 29030 then drop again
We're looking bearish on Jow Dones, we'll now waitt for a retest of the broken trendline... trades are looking good for this week shem
Given that the index has crossed the support range, the downward trend is expected to continue The next support range is the most important range for determining the movement trend of the index
The price is in the middle line of the fork. If the middle line is broken, we can see a fall to the Fibonacci retracement lines.
Dow Jones in very bearish territory as this previous monthly candle closed below the key level of support/resistance looking left. I am anticipating for price to make its way towards the bottom of the channel pattern, which aligns with a key area of support, for the next decision, but as of now price has more room to continue to the downside.
For training purposes only. Not Financial advice. Remember to always trade your plan.
1 - Market currently in downtrend. 2 - Market broke through swing low/order block ( have to please the SMC enthusiasts). 3 - Daily chart shows US30 has been weakening significantly however we might see a bull run begin @ 27510 due to strong resistance area. We can expect price to push to 29000 if the current level does not hold. May the PIPS be with us .
Short term buys up to 29250.00 for sells but if price fails to sell at said zone, then price has a higher probability of buying back up to 30,000. Dow is extremely bearish, and we can definitely capitalize on some short-term buys to 29250 for sells but if the Daily and Weekly wants to make a larger retracement we can definitely fly further up 30,000 taking out...
US30 waiting setup Targets. Supports, Resistances on chart. I will love to read your comments. Please put a like, follow us and give us your comment. Be carefull, patient and discipline. Good trades to All. ❗ DISCLAIMER ❗ This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your...
US30 lowterm bullish. Targets. Supports, Resistances on chart. I will love to read your comments. Please put a like, follow us and give us your comment. Be carefull, patient and discipline. Good trades to All. ❗ DISCLAIMER ❗ This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make...
DJI Monthly Veiw, Expected to touch trendline in near future..
Red Folders: Monday = 10am ISM Manufacturing PMI Tuesday = 10am JOLTZ Job openings Wednesday = All-day OPEC Meetings, 8:15am ADP Non-Farm Employment Change, 10am ISM Services PMI Friday = 8:30am Average Hourly Earnings + Non-Farm Employment Change + Unemployment rate
The first 2 weeks of October we are going to see a retracement, The market has been bearish the whole of September we saw a 10% drop. But in October only 2 weeks would be bullish and on the 17th Of October (The third week), market will continue to go bearish I dont know for how long But maybe till December(But I will still check it) Analysis not yet full proof,...