I'll be watching for US30 to fall a bit, make a new high, then begin a large descent. Will be waiting for 15min RSI Divergence to form for entry. Stop will be 45pts and TP all the way to the lower zone.
Very tight Sl, but let's see what this does. 4H Key level has been tapped nicely. Risky entry since Bear market has been so crazy, so manage rislk accordingly.
Dow Jones has been trading within the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line) for the past 5 days. The rejection from the March 29 High came despite closing above the 1D MA200, on a move that caught the market off guard. So far the price action resembles the blow-off top of January 05, which ended in a violent selling sequence. However this...
Here we have the Dow Jones Industrial Average (DJI) on the monthly timeframe. We have some different signals compared to the SPX and NDX but the overall picture is still the same. The market is topping and early bearish signals are starting to develop. In fact, some of these signals are early no more. Looking at the monthly timeframe, the DJI is still trading...
US30 Weekly Analysis - DOWJONES SIMPLE MATHEMATICS PRE PROGRAMMED NUMBERS
US30 REBOUND EXPECTED AS PER NEW CHANNEL 4h DOWJONES INDUSTRIAL
Well, the Dow tracks transports right? Well not that many people are transporting things haha. This fractal was taken as a "bars pattern" of the first leg down. The 3 levels I choose are important levels where price will go to if we have a dump similar to the size of the last. How do I know that? The fractal taken was not modified at all and when attached to...