The chart shows the Dow Jones Industrial Average index on a 1-hour timeframe. A recent strong bearish movement can be observed, with consolidation following a sideways range. The red zone indicates the potential range for a short (sell) trade at the 38,818 level, while the green area represents the potential downside target around 37,258 points. Therefore, the...
Elliot's wave count confirms directs with Moving average serving as resistance for bears. USD strength means stock bearish
so there is about %80 chance to continue the trend upwards as it already broke the resistance level and the other %20 chance to trend downwards due low buying pressure therefore i recommend a buy signal
Hi Traders ! On The Daily Time Frame: The US30 Reached a Strong Support Level (37264.94 - 37022.32). The Price Formed a Double Bottom Pattern. At The Moment, The Neckline is Broken ! So, I Expect a Bullish Move 📈 _________ TARGET: 38915.00🎯
Hello everyone I am not surprised for this recent news regarding Israel and Iran political problems and start a new war but I am, it is better to say, that I hope this war will be a fake news to make the market a dip and this problem might be solved soon. A human do not like to make money from a war. If my estimate is correct so we will see a shallow correction...
Dow Jones formed a huge double bottom pattern on a daily, after a quite extended correctional movement from all-time high. The price turned very bullish on Friday and broke a solid horizontal resistance. The market may start recovering now. Target - 39000 ❤️Please, support my work with like, thank you!❤️
market just reacted from a monthly area of demand. we have daily confirmation. now a 4h entry opportunity is available if we can get a retrace my back to entry before valid hitting weekly or daily supply
Hello there dear traders, this is a quick update on DJI. I just noticed a bullish divergence on the daily RSI (Relative strength of the market) which could lead a bounce back towards all-time high, which we just hit a few weeks ago. Since Corona caused problems to the markets (more likely a bloodbath), people are panicking and overselling their holdings. The...
Markets have topped out after months of belief that the Fed would drop rates. The Fed will NOT drop rates until the economy is in recession and the markets collapsing...that is how they function. An initial selloff into mid April has been met with a weak bounce so far, this is your prime moment to load your shorts and prepare now for the mother of all bear...
Hello every one As we all expected, Dow starts a bullish trend from the first day of the week but we do not know if last week correction finished and what I have counted is correct or it is just wave b intermediate of ABC of wave 2 Primary. Note : There is another scenario that say we are in huge recession and what is happening is internal wave of an ABC cycle...
I know I been away for quite some time; between traveling every week of april to buying a house, it has been busy. Possible buy opportunity here to take price for 20 pips or hold until it reaches previous highs. If the 30 min closes bullish and price retraces back to the SZ. take the buy and monitor your trade accordingly.
US30 Long Bias Entry: Daily demand Zone Historically April had always been a bullish month for indices. In the past 22+ years, every April was a bullish month for the Dow apart from April 2022. We can expect strength until the end of April. I am personally waiting for this refined zone, NOTE that WEEKLY demand is already mitigated, but i've refined the zone...
Hello TradingView community, Analyzing the US30 on the 3-hour chart, we've identified a compelling Elliott Wave setup that suggests a potential pullback is imminent. The index completed a significant upward movement labeled as waves 1 through 5, followed by a corrective ABC pattern. Currently, we observe that the price has started another impulse pattern,...
Hi Friends, I think price will attempt to go high then drop after NFP news release. Am not sure what the number would look like but looking at my chart, you may quite agree with me. Pips move could be more than 600 pips🚀 This is a mere speculation. Kindly trade according to the outcome of your analysis. Apply risk management!
Futures linked to major Wall Street indices rose on Friday, buoyed by positive corporate announcements from Apple and Amgen. Traders are now poised for the release of a critical jobs report, which is expected to provide more clarity on labor market conditions and the trajectory of interest rates. Attention is turning towards the crucial Nonfarm Payrolls report...
The break of that range to the downside will trigger a short downpour of price. Kindly apply risk management.
Hello everyone, Dow Jones 4H NEW FORECAST Yesterday, the index price formed a strong upward corrective rebound, taking advantage of the formation of the 37950 level as strong support We noticed that it compensated for some losses by reaching the barrier positioned near 38680 and stabilizing below it. The continued stability below this barrier supports our...