Here is a look at what I am looking for this week on US 30. Watch how we react to the HTF FVG (yellow box) and how we play the sellside liquidty. IF we hunt the sellside we should expect it to get raided fast and hard before Wednesday. IF we hold these levels I expect us to hunt the buyside liquidity resting around 39000 No need to hunt the price or FORCE...
We can see the RD - in the stock indices, which is a sign of the weakness of the upward trend
trend is weak . short can be plan .. it can take a quick flush out if not then stay out of it. if it does retrace from current point then the setup is invalid. it mush go in rapid downfall.
Friday's close has given me clues as to what is likely to happen. Using only the 5 minute chart, I have come up with my gameplan on how to attack Monday. I expect it to be choppy and will wait until a pullback into my strike zone.
Scenario 1: Looking for longs on the US30. We have a brief consolidation at the moment and I'm looking for a break of structure. Remember to always keep it simple guys.
I expect US30 to continue its path up, which would mean respecting HTF Demand and disrespecting supply once HTF demand is respected! We can not see any strong bearishness which is a good sign of bullish, we can expect this bearish order flow to be a retracement after an impulse move to the upside Confluences for US 30 - Very bullish price action -...
The US30 has undergone two retests of the 38937.69 level before experiencing a rejection towards the Fibonacci level of 38791.60. Currently, my analysis suggests a potential retest of the 38937.69 high, forming what could be interpreted as a triple top pattern. Subsequently, I anticipate bearish market entry, leading to a break below the 38791.60 Fibonacci level...
A bearish harami pattern has been spotted on DJI daily time frame. A bearish harami pattern signals reversal of an uptrend.
I've compiled my latest comprehensive analysis of the stock market, as I strongly believe it offers crucial insights into market psychology, spanning across Cryptos, Stocks, and various assets. To dispel any notions of spreading fear, uncertainty, and doubt (FUD), I meticulously outline the pattern and highlight key levels to monitor. Should this analysis hold...
As i take a look at the history of the #stockamaket we could see in the monthly we are in one large contraction phase which has been playing out since 2002. what if this contraction phase is a large megaphone where we will enter Wave 5 . #dji DJ:DJI #DowJones #trader #daytrader
Just some random imaginary squiggly lines for future reference. No financial advice. - Work of fiction and magic
US530: Riding the Ascending Channel to New Heights The US30 index has been tracing an ascending channel on the 4-hour chart, a bullish pattern that suggests a continuation of the current uptrend. This pattern is characterized by two parallel upward-sloping trend lines that have been containing the price action. Key Observations: Bullish Sentiment: The...
Dow Jones / US30 has hit the top of its Channel Up. Once the 1day MA50 breaks (has been in support since November 2nd 2023), we will have a sell validation. In addition, the 1day RSI is on the strongest Bearish Divergence since February 2020 and the start of the COVID crash. Sell than and target 36700 the 0.382 Fibonacci level from the top. Follow us, like...
Yesterday I posted nasdaq short opportunity and today I'm posting this dow Jones industrial average. Although Nasdaq came to my SL but since today is Friday and expiry of stock options and indices options. I wanted to allow few more points risk in NASDAQ and took second position right at stoploss. Both Nasdaq and us30 are aligned with my week. Can't end week more...
My bias for US30 this week is bullish, anticipating a further upward movement before encountering a 2-hour supply zone around 39000.0. Afterward, I expect a slowdown and distribution within this area before a potential downward move. Upon receiving confirmation on lower time frames, selling could target the new trendline liquidity above the 23-hour demand zone....
I had been waiting days for this move and during the week US30 had created equal highs and built liquidity where I was waiting for price to eventually tap into the main supply zone also taking out early sellers. Upon seeing that volume was coming back into the market at around 2.30pm Uk time I set a sell limit @38950.00 with sl@39000.00 (risking 50pts). Zooming...
US30 forming another reversal pennant. Will look to see if this level holds for a sell off. This could be a nice long term sell entry.
V1 - Price failed to create a Lower Low(LL) so that means in most cases it will try to create a Higher High(HH) or can range(consolidate). But based on structure, a new high will be ATTEMPTED. I will update the chart when I plan to enter the trade