DAILY
We had the touch we needed, and were triggered in quite early. SL moved and stopped out. The risk entry paid off, the reduced risk also paid off. Low test candle close to our support, it's to add to our current knowledge not direct triggers to take trades.
4H
Last 3 bullish candles seem to give headroom to the reversal conversation but till there's more...
Identify which phase of the market you are currently in.
DAILY
Still in the correct phase of the bull trend. 37060, our significant support area where we believe the correction phase will start to phase out. We had an ascending wedge, which we broke and have just kept going down since then, forming bear flags on the way down.
4H
The flat flag pattern is not...
YM (DOW 30), 4 Hour, Indicators: This is what I need to see turn to get confirmation on our short position up here. The 4 hour is still locked in "embedded" mode on the slow stochastic. My bet is that this is going to come off "embedded" and in the process swing back to the middle of the Bollinger band. . . if that happens, that would take us back to 39921 . . ....
Outlook for DJI on 3-day chart.
Lower-degree wave (4) has already been completed and the final wave (5) has started.
I think wave (5) will be completed soon, and upper-degree wave (b) will also be completed.
The next phase is upper-degree wave (c).
It will probably crash.
Outlook for DJI on 12h chart. I will update my ideas from last time.
I think we are on sub-wave 5 of wave (5).
This sub-wave is the last motive wave.
If this scenario is correct, upper-degree wave (b) of c will be completed soon.
The next phase is upper-degree wave (c).
It will probably crash.
Last time my idea.
■Feb 10, 2024. middle-term analysis.
■Jan 27,...
Outlook for DJI on 4h chart.
There has been no changes since the last update.
I think we are on sub-wave 5 of wave (5).
If this scenario is correct, Upper-degree wave (b) of c will complete.
next phase is upper-degree wave (c).
It will probably crash.
Last time my idea.
■Jan 27, 2024. middle-term analysis.
This big boys came to play with NFP but was equally sorted out without regret.
4H
-Serious Doji
- Hanging man as the closing candle
* Evening Star
1H
* 3 touches on either side of the channel
* Bearish channel confirmation
* Rection and close under 37500
- 37400 can be the next resting place
- 37300 is the next significant level should it fall
15Min
- Price in...
Well the obvious answer is that they are Major USA indices and they also share some of the big players as stocks which make up their composite Indices.
My answer the Question...
The beauty of Trading View is the ability to combine all sorts of aspects of trading information together, whether it be writing new scripts, combining indicators or in my case combing...
----------US30 LONG----------
I went long on US30 index just now after today's corrective move. Last Friday market started restructuring and stopped risk-off behaviour a.k.a. buying dollar, selling equities, etc. This means there is a chance to go against dollar and to buy stocks, indices in these days. Even if this won't be a reversal on the main trends I still...
After price broke structure to the downside, it retraced and formed trendline liquidity below an extreme supply zone that was left behind during the expansion. Price could now use this supply and liquidity to fuel its move down to take out the weak low.
Dow jones at Support area we can buy in here and stop loss bellow the zone or 100 pip an first target of the position first resistance and secon resistance whene price break first resistance you can close half of your position and move your stop loss bellow the resistance near 60 pip
The analysis aims to highlight the potential downside risks and factors that could contribute to a decline in the market during this period.
Market Overvaluation:
One of the primary concerns supporting the bearish stance is the perceived overvaluation of the Dow Jones Industrial Average. Throughout the past few quarters, the market has witnessed an extended...
After the Fed came up with the interest rates pause look at the chart of Dow Jones on weekly TF.
It is forming a Bullish Inverted Head & Shoulders Pattern.
Look a new ATH
YM1! US30USD DOW 2023 June 12 Week
No change to previous analysis, observing reaction to 34605-34275 area. Last Friday's up bar
showed significant weakness.
Possible scenario:
Short if 34605-34275 is rejected again
Reason:
Higher low toward previous resistance, on reducing volume.
The professionals may engineer a false break to suck in traders unaware of the...
YM1! US30USD DOW 2023 June 05 Week
Welcome myself back from holiday!
Some selling into higher prices, so will watch reaction to 24605-34275
area.
Possible scenario:
1) Short if 34605-34275 is rejected again
2) Higher low toward previous resistance, for long on retracement.
Retracement down bars need to be on lower volume for this to happen.
Price Reaction...
