Hello Traders and Investors, today I will take a look at the Dow Jones. -------- 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...
Today's focus: US30 Pattern – Consolidation / ascending triangle pattern. Support – 37,400 Resistance – 37,770 Hi, and thanks for checking out today's update. Crypto had a mainly higher but, in some cases, muted response to news that BTC ETFs will become a reality. We have run over some of the news and moves since yesterday. The US30 is today's chart, and...
We made a new high in the DOW JONES and this has some implications. The wave ((2)) low could be in after a triple three correction or WXYXZ structure. This would mean that we are now working on an impulse. The upward structure is strong and we start to see 5 waves. It becomes less likely that the upward move is corrective. In case the upward move is corrective, it...
Welcome back! Let me know your thoughts in the comments! ** DOW Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight...
We are presently analysing the US30, which has recently reached a critical resistance level. In the video, we conduct a comprehensive analysis of the Dow Jones, delving into various aspects including the prevailing trend, support and resistance levels, market structure, and price action dynamics. As the video nears its conclusion, we carefully assess a prospective...
"As mentioned previously, I decided to take a hiatus from chart analysis to focus on personal growth. I'm committed to delivering high-quality insights and refuse to share subpar ideas just for the sake of it. Continuous improvement is my mantra, and stagnation isn't an option for me. During this break, I've reevaluated my bearish stance to gain a fresh...
We are waiting for more data to come up with a reliable EW count and trade setups.
The short trade was successful. Now we are reaching the wave (c) and wave ((y)) areas. From here we can initiate a long trade.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (c) and wave ((y)) area.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave ((y)) area.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave ((y)) area.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (y) area.
It looks like we will get a larger corrective move that goes deeper into the area of wave ((iv)). The next completion of the corrective structure is again a buying opportunity.
Investors should wait for the pullback to buy again. Now we are rather in the area to take profit. Traders should analyze the lower timeframe for opportunities.
It looks like the correction is taking place. We need to take out one more low before the correction is complete. However, a longer corrective move that goes deeper into the area of wave ((iv)) is also possible.
In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move. We go long after a clear ABC pullback.
In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move. We go long after a clear ABC pullback.
In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move. We go long after a clear ABC pullback.