Hello Traders, in a 1-hour timeframe we can clearly see an uptrend. And right now it's the support zone area. Also oversold on RSI. Let's go for 1:5/6
Set your Stop-loss 30900 Good luck 🙂
Last year May we saw a potential crash for the Dow Jones 30 due to inflation fears
and now what we predicted is finally happening.
In our analysis a year ago Dow 30 was trading at 34,644 after reaching highs of 35100
we saw a potential sell signal on the 1W chart which was the formation of a bearish harmonic.
this halted our longs and swings on the Dow.
So...
- Looking for 1 deviation up from swing lower
- 1 deviation up lines out with HTF resistance
- Also 35000 big figure
- Bullish breaker should offer support
- DXY should hit 100 when DOW hits 35000
- If so, look for retrace/reversal
US30 / 1D
Hello Traders, welcome back to an update on the dow:
As mentioned last week in the previous idea: the argument for buyers was much strong, as a recap; Bulls were looking at:
1- A wedge with 3 touches, high probability for reversal.
2- The last daily close is a bull doji bar, which might invite more bulls as a signal bar.
3- The target for bears has...
Here's a thing scenarios are created by market makers right? So the idea that making sense of what goes through in market is by
going through the macroeconomics and every single factors. The bigger picture must be implemented from a wider scale of things.
The likely scenarios are we know that markets moves in three ways, upward, downward and sideways. This...
We have seen that the price has created a reversal pattern, so it will go down, but now at the fifth touch with the blue trend line, we can expect that the price will break the trend and re-teste and then drop to the support box.
US30 / 1D
Hello traders, welcome back to another market breakdown.
What do the bulls see?
The contex for bulls now is lookking much promosing, why?
They see :
1- A wedge with 3 touches, high probability for reversal.
2- The last daily close is a bull doji bar, which might invite more bulls as a signal bar.
3- The target for bears has been achieved as a...
So I managed to miss the major drop as i was a bit worried it would break and move higher. However, us30 looks to have started a bounce from the lower support- So going for a long on this one! Well, 2 if you look as my original entry was slightly messed up!
Position 1:
Entry: 31551.1
TP: 31900
SL: 32100
Position 2:
Entry 31387
TP: 31900
SL: 31200
Could possibly...
LIQUIDITY WITH PENDING ORDERS, us30 CAN BE TRADED EASILY WITH SUPPLY AND DEMAND BUT THAT IS NOT ALL YOU SHOULD CALCULATE GOOD RISK REWARD AND TRUST IN YOUR ANALYSIS
Liquidity with pending orders , Us30can be traded easily with supply and demand but that is not all you should calculate , good risk reward ratio is key then just trust and be confident on your analysis.
US30 / 1D
The dow index is mainly trading in a bullish trend. Yet, recently, the price is in pull back.
Bears are waiting for a break bellow the breakout point from the last bull spike, where bulls are waiting for a signal bar closing above the local trend line for a second spike up. The targets for both scenarios are shared on the chart.
Trade safe,
Trader Leo.
On the DAILY CHART...The Price broke the Daily Descending Channel's Resistance Line on the 24th of March and Traded back to it on the 7th of this Month turning it into support and The Price was heavily Distributed to the upside Seeking the Buyside Liquidity and got rejected on the H4 Descending Trendline which is acting as Resistance meanwhile Big Institutes are...
