US30 continues to appear bullish to me, and I anticipate a temporary retracement to eventually mitigate the daily demand zone I've identified. Within this zone, there's also an Asian low that I expect to be taken out through a spring from a Wyckoff accumulation. Once this occurs, price would have reached the refined 10-hour demand zone, where I plan to enter buy...
Hi there! I'm a buyer on the DOW JONES: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We're in an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We're in the trend. Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which...
Hi there! I'm a buyer on the DOW JONES: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We're in an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We're in the trend. Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which...
This Is My Anticipation On The Us30, Hopefully We See A Low Of The Week Formed On The Daily Mitigation Block And We Get A Change In State Of Delivery Bullishly On The H1 To Confirm The Bias I Hold Already.
Hi there! I'm a buyer on the DOW JONES: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We're in an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We're in the trend. Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which...
Like with all the other indices the obvious trend is bullish and am waiting for the pull back and rejection from a key levels with 4h close and a bullish 30min candle to sign of continuation
My bias remains strongly bullish for US30 this week. We've witnessed another significant break in structure to the upside, accompanied by robust bullish momentum, reinforcing the prevailing trend. I anticipate a retracement back to a demand level to sustain this upward movement. Upon reaching the daily demand zone, I'm eyeing a refined 10-hour demand zone for a...
In this chart, I have conducted an analysis on the Dow Jones Industrial Average Index using Elliott Wave theory on a 15-minute timeframe. The pattern shows a series of impulsive and corrective waves. The sequence labeled (1) to (5) represents the primary impulse waves, which typically indicate the direction of the underlying trend. These waves are followed by...
9:34 am NY session entry 38520.5 Nice 15min Bullish candle close price break and retest of POi at 8:15pm (7.86 fib TP (38792.4
Looking for pull back and rejection with a 4h close for longs back up to the top of structure
US30 New forecast Yesterday, the index price achieved new historical gains by touching the level of 38124, then it was forced to form a temporary sideways fluctuation by settling near 38000. However, this will not affect the main upward path due to the repeated stability above the stable support at 37814. The price may currently continue offering sideways...
My bullish bias for US30 remains intact this week. Last week's analysis (Scenario A) unfolded precisely as anticipated. With another upward break in structure, I continue to anticipate US30 to sustain its bullish trajectory. Currently, having cleared liquidity at the recent high, a pullback to another demand area is foreseeable. My focus shifts to the 12-hour...
"📈 US30 Bulls Bucking Strong: Analyzing the Dow Jones, it's evident that we're currently witnessing consistent higher highs and higher lows, indicative of an uptrend market. Observing the week-to-week movements, prices show a rise of approximately 2% from low to high and a decline of around 1% from high to low. Given this, my market approach involves patiently...
My bias for US30 this week remains bullish, especially after it broke structure to the upside following the NFP release. This breakout formed a new demand zone, providing potential buying opportunities. Alternatively, if price doesn't respect this zone, it may decline further to breach the trendline near Point (A) POI and then reach the 3hr demand zone beneath...
Given the strong bullish sentiment in US30 this week, the plan is to continue trading in line with the current trend. With recent price action breaking structure to the upside, it has formed a clear 9-hour demand zone. I'll be patiently waiting for a Wyckoff accumulation within this zone. Once this accumulation pattern confirms on the lower time frames, I'll be...
1) Most overbought condition since May 2021 on the weekly RSI 14. 2) Converging trendlines at 38,200 stretching back since late 2021 create solid roof tested 3 times at least on 2 separate trend-lines which would make for a very tough level to break, especially when it's this overbought. ***A correction down to retest the connecting lows trend-line since late...
US30 recently broke out of its ranging zone, achieving new all-time highs and confirming an extremely bullish trend. This further strengthens the prevailing idea, prompting us to adapt and seek opportunities for buying to continue the upward trend. We've identified two demand zones—one on the two-hour timeframe, close to the current price, and another (10hr)...