V1 - This is the current market range based on the Support/Resistance. I also provided the possible two movements that I see for the day, but as always, price can do what it wants. If I see a opportunity, I will provide an updated chart.
I've temporarily shifted my overall perspective on US30. While tomorrow may bring further clarity, for now, I'm inclined towards buying positions, with an eye on holding until the 39100 level is reached. Let's monitor the market closely and adjust our strategy accordingly.
Greetings fellow traders. Anticipating a retracement for US30 today before its next upward surge, I'm eyeing potential entry points near the 38950 mark.
Pair : US30 Dow Jones
Description :
Completed " 12345 " Impulsive Waves
RSI - Divergence
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
Impulse Correction
Greetings
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
If the index can stabilize above the current resistance range, it will be possible to continue the upward trend up to the specified resistance levels
Otherwise, the corrective process will be possible up to the support range.
Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 38550 to 38490. Additionally, medium-risk buy zone between 38630-38570, respectively, are highlighted.
Things I Have Seen👀:
Important Demand Zone🟢: Identified between 38550 and 38490, serving as a low-risk...
Big day today.. NFP day. We have completed the cycle for our bearish idea and we are at a zone where price can move down freely. Check out my previous analysis on US30 to have a clearer understanding of my reasoning. Trade safe and always use proper risk management!
As expected, once we saw price trading below 38800 we got the bearish move to continue down to test the 38500. After seeing a lot of back and fourth movement price came back down to test 38500 again creating a double bottom, which is an indication of a potential reversal which we saw pushing price back to 38800. After the CPI data came out the volatility showed...
Hey Traders today we have on US30 looking for 2H candle it's can be taken rather than manipulate and reflection of us
So we basically using the liquidity ratio of US30 can bullish trend now continue
Hello Fellows!
I hope you are all doing great!
Price action in the DOW has been pretty choppy lately, but after today's CPI release it might go a bit higher on the back of the 'idea' of a rate cut, albeit a poor one.
Currently, we have yet another 'Butterfly' nearing completion, or so it seems. The idea is to go short at the 127.2 extension, roughly 39300...
The initial trade attempt didn't pan out as expected. I'm now initiating my final downward trade before considering a change in my bias. Currently, my strategy still favors short positions unless conditions dictate otherwise. Let's observe how this trade unfolds.
Looking at US30 I was expecting price to reach main supply zone @39050.00 and start to show rejections as I believed the early sell offs were a build up of liquidity. So I was patiently waiting for price to tap into Liquidity and take out these early sellers.
At around 2.30 NYC open volume always comes in and saw price shoot up to 39080.00 where I manually...
