Delving into the US30 with the precision of Elliot Wave analysis, I’ve pinpointed what I believe to be a prime SHORT opportunity. The journey through the index's price movements unveiled an intriguing narrative: we are currently witnessing the formation of a corrective wave following the completion of an impulsive wave sequence. This transition suggests a...
In my latest venture into the dynamic realm of the US30, Elliot Wave analysis has unveiled a fascinating narrative, suggesting a potent SHORT opportunity is unfolding before us. As I charted the recent price movements, a clear five-wave ascendancy came to light, hinting at an impending reversal in line with the Elliot Wave principle's predictive prowess. The...
Short positions on US30 appear compelling this week. We've observed significant bearish momentum lately, leading to a shift in character towards the downside, hinting at a potential trend reversal. Despite not having breached major structural levels yet, two robust supply zones remain, from which we can expect a bearish response. The slowdown in price movement...
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US30 once again had come into the Main 4H & Daily supply zone where I expected rejections. Also 12.30 UK time we had critical new on USD. I was targeting entry @39235.00 where I entered aggressively with sl@39320.00 (80pts) at 11.30 UK time. Price then came down and broke structure on both 30mins & 1h Once positive USD news was released but then spiked back up to...
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...
Considering the breaking of the upward trend line and the formation of the descending MTR, it is likely that it can continue to fall until the first target, 38100.
looking for a pull back and rejection with a 4h close or a 4h break and close above the blue zone above structure to look for buys
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....
I had been waiting days for this move and during the week US30 had created equal highs and built liquidity where I was waiting for price to eventually tap into the main supply zone also taking out early sellers. Upon seeing that volume was coming back into the market at around 2.30pm Uk time I set a sell limit @38950.00 with sl@39000.00 (risking 50pts). Zooming...
Examining the DJIA (Dow Jones Industrial Average) on the 3-hour chart, I've identified an Elliott Wave pattern that has been guiding my analysis. It seems that the index completed an impulsive wave cycle, capped by wave (5), suggesting a shift from bullish to corrective market sentiment. I am now observing the development of what appears to be the initial stages...
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 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...
This is my next US30 Trade Idea. Share your opinion on my next move
In this analysis, I'm examining the Dow Jones Industrial Average (DJIA) through the lens of Elliott Wave Theory, which is showcased on the 2-hour time frame. My focus is on identifying the possible completion of a five-wave impulse sequence, followed by a corrective ABC pattern. Looking at the chart, I've labeled the impulse wave starting from the left of the...
H ello traders what do you think about us 30) (technical analysis forecast📉📈📊 Traders US 30 upstand if barekout 38749.14 big 🐻 baerish moment short 38022.02Test support pullback $$$ resistance level US 30 uptrend pullback short bearish I think testing 38166.13) 📉📈📊 short and what moment bearish) ⤵⤵📊📈 BLACKBULL:US30 level) last week US 30 upstand if...
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...
US300 For me is probably setup for sell. My potential setups you see on chart. This is not recommendation ;) Just my view. Usually I use 3 or 4 orders with TP1-TP4 Minimal Risk reward is 1:1 NOT LESS