DJ30 is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci projection. A rejection from this level could indicate a double top pattern which could lead to price drop.
Entry: 38611.96
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci projection.
Stop loss: 39089.65
Why we...
Hey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38470 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 38470 support and resistance area.
Trade safe, Joe.
Four-hour timeframe
After 17+ days of sheer bear strength price tapped into a demand level that held price, not only that we’ve been going higher, disrespecting supply indicating that the bulls are flaunting their horns. On Thursday, the bulls then took advantage of the news induced bear drive to discounted prices to buy the asset. The only thing holding the...
US30 is currently bullish and has rejected a significant level 37300.00 FOREXCOM:US30 FX:US30 . Price action is observed, bullish momentum is present. This is only a trade idea, use risk management. Happy trading
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 Fellows!
I hope you are all doing great!
This trade is an experiment, I'm working on a system and will try to post further details if successful.
Let's see how it goes!
Take care, trade safe and be dandy!
Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for...
The current uptrend is expected to end at the specified Fibonacci levels and a reversal will be formed.
If the index passes the level of 78.6%, the continuation of the upward trend is likely
Pivot
38600
Our preference
Short positions below 38600 with targets at 37060 & 36230 in extension.
Alternative scenario
Above 38600 look for further upside with 39345 & 39850 as targets.
Comment
The RSI is mixed with a bearish bias.
Supports and resistances
39850
39345
38600
38004 Last
37060
36230
35480
Number of asterisks represents the strength...
New World Capital - Article 4 (continuation)
US30
The liquidity grab happened and we bought the dip. We now have 2 positions opened before the session ends. We can expect more liquidity grab during the next London/New York session approximately from 5:00AM to 8:00AM (PST)
Buy ( 2X ) US30 @$38000 - $37800
TP@ $38539
SL@ $37655
Risk: 1% - 10%
Reward: 7%+ - 70%+
Day Trade
New World Capital - Article 4 (continuation)
FOREXCOM:US30
US30 has indeed gone from a falling knife to a space rocket. The volatility is dying down as the session is coming to an end. Prior to the next session, I anticipate that there will be another liquidity grab that will make the price slips rapidly before rallying to the level it was at before the...
US30 is back for us to open more buy trades,
Retest level was hit and now we wait for market to give another chance to enter more trades,
All i know is that i am the Greatest in trading
