Simple price action: - Looking for a retest of Support before going LONG - 35000 is a significant area with multiple retests - Gap at the 35450 area needs to be filled
Hello traders Sharing a morning DOW trade for CFDs, futures, and micro-futures This is an intraday trade with TP = a bit above the SMA 7 Weekly I don't trade based on fundamentals, mostly on technicals :) Cheers Daveatt
The stock markets of the United States are receding this Tuesday again as traders weigh the risks of geopolitical conflict.
*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. US30 has been labeled within a Grand Super-Cycle degree wave V (blue), which has been unfolding ever since the 2009 bottom, when the Recession ended. Structure - Bullish Impulse 2009 lows and up until Apr 2010 highs - Super-Cycle (I) (green) Apr 2010 highs...
If you like this idea, please support it with a like. Thank you. US30 labeled in a Leading Diagonal within Intermediate (1) (blue), with a bearish sequence expected to start unfolding.Diagonal can still perform one more leg on the up-side, however, a breach of the lower trend-line (blue) would invalidate that scenario.
Going back to my previous previous idea (I keep switching). So the very first one. The whole world is collapsing! There are two possibilities. The price will bounce eventually. Either: * Price bounces then bull market resumes till 30.000 points Dow (and S&P 5000 3800-3900 points), * Price bounces and then we enter in complacency. So it should be ok to go long...
DJIA is headed lower tracking investors rotation from stocks into 10yr T-bonds. I am seeing the index breaking down towards 22-21k. Oil has already shed considerably and metals are trading lower too which effects Dow Jones Industrial sectors. Technically we breached a weekly Insidebar to the downside and traded back which gives us an opportunity to get back into...
Implications and Outlook Right after an initial 160 point downfall, the DJI was able to rebound strongly to close the session slightly in the negative area. Ending a volatile trading session, it turned out to be an impressive retrieval from the preliminary squeeze opening. Volumes have been once again light but we then will have lots to trade for the remaining...
There's a triangle, which could be the fourth wave, so we're likely going to have another upward impulse soon.
Key Day support level of 24250 held, price currently heading towards a key Day resistance level of 25450. Looking for price to climb to level and fail before looking for short opportunity. 1.48RR Trade target 25100 Stop 25700
More detailed wave count presented on the Daily chart, where we've got an extension in wave (3) of ((5)). Wave 3 of (3) is going to end in the coming weeks, so we could have wave 4 soon.
There's an opportunity to have another bullish impulse in wave v of (iii)
There's a triangle in wave {4}, so bulls are likely going to deliver wave {5} of iii soon
There's an opportunity to have another bullish impulse
There's a possible diagonal triangle in wave 5 of (3), so bears are likely going to deliver wave (4)