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.
The US30's bullish momentum has encountered a key resistance level. This presents a potential counter-trend shorting opportunity. Here's the trade idea: Entry: Sell short at the current resistance level. Stop-Loss: Place a stop-loss order above the recent high. Target: Aim for the previous support/imbalance zone established at a prior low. Rationale: The US30's...
Looking at US30 I was expecting price to reach main supply zone @39050.00 and start to show rejections as I believed the early sell offs were a build up of liquidity. So I was patiently waiting for price to tap into Liquidity and take out these early sellers. At around 2.30 NYC open volume always comes in and saw price shoot up to 39080.00 where I manually...
My bias for US30 this week is bullish, anticipating a further upward movement before encountering a 2-hour supply zone around 39000.0. Afterward, I expect a slowdown and distribution within this area before a potential downward move. Upon receiving confirmation on lower time frames, selling could target the new trendline liquidity above the 23-hour demand zone....
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
US30 has been in a major bearish divergence from Jan 2018, I think march 2024 will be a month of correction (10%-15%) and then a pickup from April 2024 all the way to September/October when I think the market will hit the top for the US30 that will be around $44,200. - Monthly MACD (Bearish) - Monthly Pekipek's Divergence BETA (Bearish) - Monthly RSI (Bullish) -...
The Dow Jones Industrial Average (DJIA), Dow Jones or the Dow for short tracks the performance of 30 of the biggest companies in the US including Boeing, Intel, and Dow. It’s often used as a barometer for the overall performance of the country’s equity markets. Historically it’s one of oldest and most followed indices. The chart is a useful measure of US economic...
The US30 has enjoyed a robust bullish run, but recent price action on the 1D and 4H charts indicates potential weakness. I'm anticipating a **sell opportunity** should we observe a decisive break below the current range low, followed by a retest and failure of that level. Potential targets for this trade would align with prior 1D accumulation range...
Last week, the US30 exhibited significant potential for a more favourable market environment, offering several promising trading opportunities. Following the completion of a Wyckoff distribution on a higher time frame, validated by a CHOCH, I anticipate a selling opportunity as the price retraces into a distinct 16-hour supply zone. Although the price closed...
H4 - Bearish divergence. Most recent uptrend line breakout. Expecting the price to move lower further after pullbacks in the short term until the strong resistance zone holds.
This week, my outlook for US30 leans towards a bearish correction downward. Given the recent strong bullish rally, the diminishing bullish pressure indicates a potential retracement to sweep liquidity and address imbalances below. Subsequently, we'll be on the lookout for buying opportunities around the 37500.0 psychological level. The ongoing distribution and...
My bias for this weeks forecast is for US30 to see a temporary bearish move to the downside. As price has now slowed down, it shows that bullish pressure has now become exhausted. To add, we can see there was a clean 4hr supply which has triggered this initial bearish move. Having observed the expected retracement and correction back up to 37500.0, I now...
Data released earlier Thursday showed that Britain ran up a higher-than-expected budget deficit in November, adding to the strain on the public finances and underscoring the limited room for pre-election tax cuts by Prime Minister Rishi Sunak's government. The main economic data release Thursday, however, will come from across the pond, with the U.S. economy...
Last week's price action exhibited significant ranging, mainly influenced by the proximity to all-time highs (ATHs). My current perspective is that US30 is actively generating liquidity, setting the stage for a bearish reaction once the daily supply is mitigated. This particular supply level holds substantial importance as it is the last on the chart, existing on...
Well, the price has broken the resistance zone aggressively, and I anticipate that the price will continue with bearish momentum.
From my US30 analysis we are currently approaching a key level of supply, even though we are very bullish the market requires a pull back in order to mitigate the inefficiencies left below, Hence why I am temporarily bearish this week. I see price reacting from the daily supply and dropping towards 34400.0 or even lower to more discounted zones in order for price...
US30 Index can go Bullish if, H1/H4 closing happens above 35000, it can move bullish upto 35150 level. or it can go Bearish if, H1/H4 closing happens below 34880, it can move bearish upto 34730 level #️⃣ Trend expectations from 8:00AM to 12:30PM USA Time EST. #️⃣ Trade with 1-2% risk only.
BLACKBULL:US30 Technical indicators all show that the uptrend has ended and there will be a rebound