we can see,
from the Monthly prespecive a strong Resistance line "TREND LINE",
Weekly, the price brom the Resistance line and confirmed it with red candle stick,
Daily we have strong Resistance area, the Red line, before reaching the new High price,
4H frame, i drew to white arrows, predecting the movement of the market, wait for the last confirmation from there,...
Big divergence here on the rsi and macdh on the Dow hourly below a rising 200 moving average
Great buying opportunity, entered at 29370
Stop at the low of the long wick 29220
Expect a few hundred point move at least
Sell trade still valid for entry using the custom stocks strategy, details on the chart.
Check out the previous two trades
Sell banked 8.02%
Buy banked 7.56%
Links at the bottom !
OUR STRATEGY EXPLAINED:
We are releasing this separate script file for trading Gold on the M15 time frame using our strategy. This can now run independently from the main file...
US30 RUNNING LOVELY, WILL WE CONTINUE TO SEE MOVES TO THE UPSIDE?
2 FANTASTIC TRADES COVER THE FEW LOSSES PRIOR, STATS WILL PROVE IN STRATEGY TESTER BELOW !
Trade made a great move, hit a couple of loser on the way before the sell took off. Let's see what happens !
OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
As we can see from this chart DOW has broken above its previous resistance level and has now entered an area where it plummeted before
There is an opportunity to go long here if price action indicates the move OR price will get rejected from this area and move lower.. there is also a chance price might range in this area for a short while but we will have to wait and see
US30 has hit its tipping point, we could see a big push to the upside and make a higher high like NASDAQ did OR we could see a trendline break and rejection
I do see some bullish divergence on a lower timeframe which could mean this pair shoots up but we will have to wait for price to tell us what it is going to do
I been researching for hours and hours on google trying to figur out when it is right time to make a trade because on google it tells me many things about double top that can be trap move??? I am scared that if i do it wrong i will mess up my trades?? I know google tells me that when price bounce off the support level, it is a sell. BUT i also saw that it broke...
Let's Play a game,
before the market hit one of the circles,
lets vote by comments,
which volume the trading at WALL STREET US30 index going to be,
don't be shy to try guessing,
i'll update the post after the market hit the target,
if we hit more than 50 comments,
i'll make a new quiz on what ever you request!!!
let's enjoy it,