Using the Elliot Waves 12345 and ABC we see that price should go to point C as a big correction, and it has already broke the small support created in the last 3 days mentionned by a blue line at 25767.0 which is a good confirmation for the sell setup. Green lines are partial TPs.
DJ30 - to perfection! Ride it down and then up, buy running almost 1000 points. Very simple. Regards Darren
If the crisis is worst than ever before, then 15000 is inevitable. 12000 would be a strong support, but if it will also not hold, then it would be worst than in 1929
For more information on our strategy please view our 'Scripts' page on our Trading view profile. Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair. We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR. There are infinite ways to manage your trades to suit your mindset and time. Works...
For more information on our strategy please view our 'Scripts' page on our Trading view profile. Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair. We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR. There are infinite ways to manage your trades to suit your mindset and time. Works...
For more information on our strategy please view our 'Scripts' page on our Trading view profile. Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair. We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR. There are infinite ways to manage your trades to suit your mindset and time. Works...
Price has been consolidating in the highlighted area for a bit.. price may go up slightly BUT once it breaks support shes gone.. (last chart was a bit of a mess so thought id redo it)
Clear H&S pattern has formed. Bad news coming from the US at the moment in regards to the pandemic with highest number of deaths in 24hrs. Anticipate a sell on break/retest of the neckline. Drop back to support around 21,000???
We have just seen the chaos but it was short and should have finished.. Sell DJ30 when price breaks support
Idea of a potential breakout on Dow Jones. Also taking into consideration the economical climate and NFP earlier today. Will the downtrend continue.
Getting our bearings... If a retrace swing is checked in its advance only by opposing forces, waiting for sentiment to improve will mean you have missed out on a lot of the bounce. There is the recognition that when a crash like this happens, we must sacrifice a part of our own effectiveness just to help keep an eye on it, outguessing the lows is an advanced...
DJ30 going down. Perfectly bounced to Fibbo 38.3 and got rejected. Looks like a good short opportunity
We can sell US futuers, SPX500, DOW JONES or NASDAQ100 if we see a pull back to the.(We can expect a pull back in the coming days.)
Im expecting the US30 / DJ30 / Dow Jones to head higher today and maybe even this week. I believe a strong reversal could be due based on what the charts are showing me right now. Trump is due to speak today and that could create aggressive market movement but also the massive cash injections by the FED could help support the upside movement!
Sell on the spike. We know the US30USD does not spike that often. But this time trendline will spike it and fall for more than 500 pips below. Lets see how that trendline reacts in the market. Not a trade call.
Can easy go now to a new low
My opinion is that it has formed a falling wedge and we all know how that ends up. Please share your ideas and opinions in the comment below. That would be a big help.