AMEX:DJIA has reached the rising wedge resistance 38000 and here it will either break above or reverse for a healthy pullback. Watch the analysis
Dow Jones retested a recently broken horizontal resistance. After a test of structure, the market bounced and violated the upper boundary of a bullish flag pattern. The violation may trigger a trend following movement. Goals: 38050 / 38100 ❤️Please, support my work with like, thank you!❤️
1) Most overbought condition since May 2021 on the weekly RSI 14. 2) Converging trendlines at 38,200 stretching back since late 2021 create solid roof tested 3 times at least on 2 separate trend-lines which would make for a very tough level to break, especially when it's this overbought. ***A correction down to retest the connecting lows trend-line since late...
As clearly as today, we can see the price starts to attack our 1H (4H) FVG. Possible scenario for US30 - SELL guys.
Looking to the left we have a BOS and if we go in to the 2H timeframe, we can see that there is a order block which also sits perfect with the 61.8 retracement level
We are at an all time High Resistance zone. Us30 has to make a correction back to the downsides of 36200, 36400, 34600. Use Proper Risk Management. Catch more sell position re-entries 37930-38150. Us30 will be bearish and drop 2-4.5%. Have patience, more success and Happy trading :)
Potential short! As previously market took out my short and I’m still bearish. I do like this, however very aggressive. Bullish structure broken on higher timeframe. Want to see quick movement to the downside. Potentially looking swing and short entries. Let’s see if we can get in the market.
Looking for something like this on US30. This is my second tighter entry, higher risk as not the best price action. Should now see potential selling pressure as in high premium position. Structure broken on higher timeframe so should be looking for potential swing and short selling positions. These positions can be taken out however will still look for a short...
Potential second entry on us-30 Structure broken to the downside, want to see some selling pressure. Also will be looking for sells for future entries.
Us30 Wall street , the trend is going to bounce of the resistance and the moving average confims a bearish trend.
1. It has hit the 61.8 2. Waiting for break of the trend and below the blue line (ENTER) 3. Place SL above 61.8 wick & TP @ 1.27 4 DO NOT PULL OUT
US - 30 shorts incoming Potentially looking to only trade us30 for now, let’s see where this takes us.
We are at all time High Zones. Us30 has to make a correction back to the downsides of 36200, 36400, 34600. Use Proper Risk Management. Catch more sell position re-entries 37930-38150. Us30 will be bearish and drop 2-4.5%. Have patience, more success and happy trading :)
It's about to get insane in the stock market and all markets For this to playout, the level here needs to hold... The trend needs to hold... Once the trend breaks it's game over. 70% to 85% drop will follow. Let know what you think down below>>>
Last week on us30 we expected rejection of the 37200 area, a bullish move to break above 37600 and continue to print new All-Time-Highs. At this key price point if we fail to continue to make new ATHs expect buyers to begin taking profits, leading to a short term corrective phase as the rate cut bets narrative begins to be phased out. If we fail to break below...
Let's take a flash dump! Price has come into resistance and keeps making lower high. Condition looks oversold. Let's see how this plays out.