Hey traders! Diving into the DJIA (US30) chart, I’m currently bullish based on my Elliott Wave analysis. We've seen a robust upward move through waves (1) to (5), which leads me to believe we're now in a corrective phase, potentially carving out an ABC correction pattern. The completion of wave (5) was met with a swift reversal, indicating the start of our wave...
The Dow Jones Industrial Average (US30) on the 15-minute frame presents a fascinating picture for Elliott Wave enthusiasts. We're observing the culmination of an impulsive wave structure, potentially closing out wave (5). This hints at an imminent corrective wave, marked by an a-b-c pattern. For traders inclined towards Elliott Wave strategies, this may signal a...
So, looking at recent moves in US30, it seems as though we can expect some bearish move to 381995.15 as a low hanging fruit objective. If the bearishness is maintained, I would be looking for price to reach 37975.49 level. I have tried to explain my thinking in the recording. It is my first video, so I am still learning to be more articulate. I hope overall, it...
Elliott Wave theorists could find the US30 poised for a potential SHORT as we appear to be at the cusp of a bearish wave (c) following the completion of corrective wave (b). This setup is emphasized by the index's struggle to sustain above the 0.382 Fibonacci retracement level, often a pivotal area for market reversals. The implication of this resistance is a...
Hello everyone, Dow Jones 4H NEW FORECAST Index price analysis The index price lost positive momentum as a result of the Stochastic indicator’s attempt to exit the oversold level. The price remains above 37710, which constitutes additional support. Predictions for index trading The price was affected by a state of instability, with trading restricted between...
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 .
My bias for US30 has turned bearish due to the recent Wyckoff distribution that unfolded on the higher time frame, validated by a change of character and a break of structure. This confirmation prompts me to seek selling opportunities to support the downward trend. I will be targeting sells around the 20-hour supply zone, which recently triggered a Break of...
Turning my attention to the US30, I've identified compelling signals for a SHORT opportunity. The index is showing exhaustion signs after failing to break above recent high resistance levels, with the emergence of a bearish divergence on the RSI and a potential double top pattern signaling a likely reversal. These technical indicators are complemented by an...
YM (US30) 4 Hour, Fibs: Traded the first bear fib after the double top and saw it trade past its objective yesterday. The Dow has been one of the weaker indices of late, after outperforming most of the year. It didn't even make it up to the 50% line, selling off at the 38.2% line in the initial down move. Then, yesterday, on the rebound, it traded it's halfway...
Hello Traders In This Chart US30 1 HOURLY Forex Forecast By FOREX PLANET today US30 analysis 👆 🟢This Chart includes_ US30 market update) 🟢What is The Next Opportunity on US30 Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
Just found this Gem on Dow after bagging Bulls I am betting on bears power if PA break below this support zone. Massive swing trade..
Delving into the US30, my analysis has uncovered a compelling SHORT opportunity amidst current market conditions. Technical indicators signal a potential reversal, with the index struggling to sustain gains above critical resistance levels. This is underscored by bearish patterns, such as a head and shoulders formation, and confirmed by indicators like the RSI...
Analyzing the US30, I've pinpointed a strategic SHORT opportunity. The index is showing signs of exhaustion after a prolonged rally, with key technical indicators such as a bearish divergence on the RSI and a potential double top formation signaling a reversal. Additionally, the emergence of bearish candlestick patterns at resistance levels suggests a downward...
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...
Hello Traders In This Chart US30 1 HOURLY Forex Forecast By FOREX PLANET today US30 analysis 👆 🟢This Chart includes_ US30 market update) 🟢What is The Next Opportunity on US30 Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
Turning my analytical gaze to the US30, I've discerned a compelling SHORT opportunity amidst the current market environment. Technical indicators are signaling a potential reversal, with the index struggling at key resistance levels and forming bearish patterns, such as a double top, which traditionally precedes a downturn. Additionally, a bearish divergence on...
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The analysis suggests a potential selling opportunity for US 30 (Dow Jones Industrial Average) on the daily and 4-hour timeframes. On the daily timeframe, a selling entry zone is identified between 39,800 to 39,950 points. This range represents a level where significant selling interest has historically emerged, potentially acting as a resistance zone for the...