Chart : 4Hour
Overall Trend : Bearish
Current Market Structure : Downtrend
Scenario 1 :
Price is currently trading to the downside . Creating new LL & LH . We will be looking for selling opportunities in the market as I would like price to trade into a more premium area ,Therefore mitigating a OB or Supply Area & continuing towards the downside .
Hello Traders and Investors, today I will take a look at the Dow Jones.
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Explanation of my video analysis:
There is one major long term pattern which we have been looking at for a very long time - a rising channel formation. Just a couple of months ago the Dow Jones retested the lower support trendline and created a beautiful triangle breakout while...
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 . . ....
H4 - Bearish convergence.
Expecting short term bearish moves to happen here.
H1 - Strong bearish momentum.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Hello Traders !
On Wednesday 20 March The US30 Broke The Resistance Level (39284.87 - 39080.39).
The Price Retreated To The Support Level and Failed To Break it !
The Lower High is Broken (ChoCh).
So, I Expect a Bullish Move 📈
TARGET: 39790.00🎯
- firstly i want to explain what is US30, you can google it :
- US30 is a stock market index designed to measure the performance of 30 large industrial companies based on the average stock price of the components "during a specified period".
- So basically...when u have a Top30, if one company fail, this company is replaced by number 31.
- it's same in football...
Pair : DJI - Dow Jones
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed " 12 " Impulsive Waves
Now I changed my view on all global Indices, any dip looking forward to buy the dip. My stop losses is in place and tight stop losses for now until it breaks last month high. I think we are in major wave 5 and we are in 3(5) in minor cycle considering Elliot wave theory.
this is just my study and I might change my view depending on price action.
Pair : DJI - Dow Jones Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement. Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. RSI - Divergence. Break of Structure.
Hello Everyone.
Forex market seems to be stuck in a mud and we seems to be in a highly manipulative environment. but soon market is going to be normal and we will have alot of setups forming but as of now i have a Dow jones YMH2024 March contract for short..
the Current model is 2022 Model as per inner circle trader concept which is my personal favorite and the...
US30 had tapped into supply zone and showed rejection and inducement at this supply. This was further confirmed by a close of 30min candle below the Doji and break below structure.
Upon seeing this I waited for retracment to zone with additional confirmation once I started to see rejection at the entry zone @38675.00 I entered with sl@38715 (Risking...
TVC:DJI I have set my target on the chart. If the support drops below 36238, the analysis will be canceled.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we are in a strong bullish market structure, so I look only for longs. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block.
Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed...
regarding to this pattern i believe Us 30 finished his climbing and now should take a breath and rest to 37260 and if he break that price , the way opened wide to 36000
the profitability of the companies will decide soon
