US30 for 3 weeks now has been playing along in favor of my analysis, and as always, I know my analysis is always accurate despite the news events.
Price is falling towards a support level which is an overlap support and could potential bounce from this level to our take profit. Entry: 39,358.62 Why we like it: There is an overlap support level. Stop loss: 39,078.47 Why we like it: There is an overlap support level. Take profit: 40,012.33 Why we like it: There is a pullback resistance level. Please be...
weekly Ascending channel. bullish overall trend. impulse correction impulse structure
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...
US30 New Forecast The price exhibits sensitivity to the CPI and remains consolidated between 39,670 and 39,420. Our focus should be on the CPI results. If the CPI comes in below expectations, it will likely support a bullish trend, pushing the price to 39,850 and 39,990. Conversely, if the CPI is 3.4% or higher, it will support a bearish trend, initially...
DJ30 has broken out of the resistance level, which acts as an overlap resistance, and could potentially rise to our take profit target. Entry: 39,358.62 Why we like it: There is an overlap resistance level. Stop loss: 39,078.47 Why we like it: There is an overlap support level. Take profit: 40,012.33 Why we like it: There is a pullback resistance level. Please...
The US30 has formed a compelling harmonic pattern, displaying a distinct W pattern that spurred the recent rally. The resistance established at the peak is pivotal, as we anticipate a reversal when the price reaches that level. This is also where we anticipate the completion of the right wing of the harmonic pattern.
hi everyone sell confirmation started safe to trade until hold 40525 Target TP . 39495 TP2. 39015 Maximum 4 week thanks
It is expected that the current upward trend will end in the current resistance range and we will see the beginning of the corrective trend. If the resistance range is broken in this recent wave, the upward trend will continue
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
Dow Jones (US30) has reacted off the pivot and could potentially drop to the 1st support. Pivot: 39,993.29 1st Support: 39,637.89 1st Resistance: 40,530.41 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors,...
keep your eyes on us30 on the daytime frame we can see the price going about 39500 we will set a short position under 39400 for the security position while we can see a long run on 4h time frame
Dow Jones (DJI) gave us a solid bullish break-out signal after it broke out above its 1D MA50 last week (May 06, see chart below): As you can see this gave way to a new Channel Up, which we view on the current analysis on the 4H time-frame. That is because on Friday it formed the first 4H Golden Cross in 6 months (since November 08 2023)! This is on its own...
The US30 Dow Jones index has exhibited a robust bullish trend recently. However, we now observe that the index is approaching a significant resistance level on both the weekly and daily charts. Moreover, the market appears to be overextended. When a market becomes overextended, there’s a possibility of a reversal. Traders closely monitor signs of exhaustion or...
expecting market correction shortly, as the market has been bullish for so long
Dow Jones is bullish on its 1D technical outlook (RSI = 62.964, MACD = 188.520, ADX = 55.476) and has completed three green 1W candles in a row. Having reached the 0.786 Fibonacci level, the last confirmation left to see in order to call for a continuation of this uptrend is for the 1W RSI to cross over its MA. The moment it does, we will buy again and target the...
A rejection at resistance will open up way to a few shorts positions on the pair
AMD SETUP Price Manipulation to the upside The market is likely to deliver to the downside Target 2R for distribution 15:30 - Core PPI m/m - PPI m/m 17:00 - Fed Chair Powell Speaks