Dow Jones hit again the underlying Support which marked a low on January 16th. That was the Left Shoulder (LF) of a potential Inverse Head and Shoulders pattern and if it holds again, this one will be the Right Shoulder (RS). The 1W timeframe is technically neutral (RSI = 49.180, MACD = 258.440, ADX = 22.862), which makes it a solid buy opportunity on a two month...
Here is our detailed technical review for US30.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 33132.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 33570 level.
P.S
Please, note that an...
My dear followers ,
Please, find my technical outlook for US30 below:
The price is coiling around a solid key level - 33116
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 33361
Recommended Stop Loss - 32987
About Used...
US30
Analyze
The price of the index lost its positive momentum forcing it to lost a lot points in the previous two days
currently , the price will try to start positive attempts and correction to 33130 , 33200 and 33330
reminding you that the breach and stabilized under 33017 it will push the price to fall until 32746 and 32584
so breach 33017 it will...
Price taking out liquidity for further push down.
Market is almost at major support. However, the market looks like it needs liquidity to fuel that move as there alot of sellers in this market.
Price could sell off from mid range
The current corrective trend is expected to move along the specified paths and advance to the specified Fibonacci levels.
If the price crosses the green resistance range, an upward trend is formed
Yest . it had broken the low.
Same as XAUUSD.
Now the low will be a resistance @ 33150. (theoretically).
The yest low of 33000 apprx (also will be a focus)
What happens in those area tonight. Making new lows ? rebound 33500
Your skills should be to align >> depth of market sentiment /news and crystal balls.. hahaha
Don't be too serious :)
All the best
My TA overview
1. Trend : downtrend is correct
2. Signal : waiting price retracement around yellow zone
Before, I recommend a sell plan is good and completed
In my opinion, the price has moved up to the specified line (yellow line) and will move according to the drawn schematic, and it has a downtrend path ahead in the coming days.
what is your opinion?
Dow Jones posted its first Death Cross on the 4h timeframe since February 22th.
This should prepare us for more selling if Support (1) breaks.
Trading Plan:
1. Sell under Support (1).
2. Buy over the MA200 (4h).
Targets:
1. 32450 (Channel Down bottom).
2. 34500 (Megaphone top and Resistance 1).
Tips:
1. RSI (4h) is posting a price action indentical to the one...
Last week volume on us30 began to slow significantly compared to the previous week with the rate hike decision. After ranging above key level 33500 we slowly made our way down to test 33150 once again before ranging between 33500-33150, failing to break above or below. This week our bias is still bearish due to the continued rate hikes and lack of FED pivot but...
Dow Jones (DJIA) has gone a long way since the efficient buy signal we gave exactly 2 months ago:
The index is right now testing the 1D MA50 (blue trend-line), which has closed 3 straight 1D candles above it and 4 since May 04. Since it broke below the Channel Up, going to the 1D MA200 (orange trend-line) and 32800 is possible but not as long as it keeps...
Hey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 33200 zone, US30 was trading in an uptrend and successfully managed to break it out. If we get further dips below the support we will consider a potential retrace of the trend towards more low. I would also keep an eye on DXY to confirm the bias as a strong USD should...
