Dow Jones Index is currently retesting a recently broken horizontal resistance.
Because the trend in strongly bullish, a buying wave may initiate from the underlined
blue area.
Our confirmation will be a bullish breakout - 4H candle close above a resistance line of a bullish flag pattern.
A bullish continuation will be anticipated to 39080 / 39200 levels...
Looks like we may see one more bullish movement on Dow.
After a test of a key support, the price formed a cup & handle formation.
The neckline of the pattern is broken and we see a positive bullish reaction
after its retest.
I expect a bullish movement to 38040
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Dow Jones is on a minor 3 day pullback after a strong rebound that closed over the 1D MA50. The 1D technicals are neutral (RSI = 48.264, MACD = 86.760, ADX = 23.509) and being on a Harmonic rise since March 20th Low, the 1D MA50 rebound is most likely the bullish wave to test yet again the R1 Zone. Unless S1 breaks, we are targeting the bottom of R1 (TP =...
US30 4H has primarily rejected monthly resistance with a long wick candle creating a lower high with a monthly resistance level. As the long-term price action is bearish, it is a high probability that upon rejection from the long-term resistance US30 will drop to the nearest support level. Upon rejection and price action confirmation, we may have a selling...
Head an Shoulders + Waiting for retest of neckline Price already pullback into t=fibonnaci retracement levels looking for opportunities for a re-entry.
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How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry,...
Hey traders, in the coming week we are monitoring US30 a selling opportunity around 35860 area. Once we will receive any bearish confirmation the trade will be executed.
Above is an overview on US30 and the most important levels to watch.
Trade safe and use proper risk management, especially with the indices because their movements are more violent comparing to...
