A nice Intraday trade is developing. Head and Shoulder pattern on the H4 timeframe to continue heading lower before we buy the dip later this week as indicated by my previous market overview. Use 50 or 100 pips stoploss and take profit when you see fit.
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
Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money...
I see support has been tested several times and expect it to break at some point today, once broken we can see from current support to the green area
US30 running in profit. if it break below 24800. it is likley to drop towards 200MA
Please support this idea with a LIKE & FOLLOW if you find it useful. Following the last analysis on US30 I am still short. Price has made a support area so i will be looking to short from the supply zone we are in down to the support. COMMENT what you guys think! THIS IS ONLY MY OPINION AND SHOULD NOT BE TAKEN AS INVESTMENT ADVICE
Please support this idea with a LIKE & FOLLOW if you find it useful. From the last analysis we had two option, either to go short from the supply we were at or break above and go higher. Price broke above and is now sitting at a fresh supply zone. I will be looking to go short from this zone. COMMENT what you guys think! THIS IS ONLY MY OPINION AND SHOULD NOT...
In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Markets will be very interesting after 6 months, we will wait and see..
Hello ! I believe we have A great short opportunity coming up in the next few days as US30 nears the 61.8 Fib level, which is a zone of major resistance. The daily chart is also showing a rising wedge. The 61.8 Fib level is a notable area of reversal as in the 2001 / 2008 DOW crashes we saw relief rallies to the 61.8 Fib level followed by further downward...
I expect another downmove before the next Bullrun can start.
US30 (DOW) - Looking to Sell Drop below 50 EMA or touch of 0 Fib line? Using stop loss and trailing stops. Target 18282. Market Hyenas - Everybody Eats!!!
US30 (DOW) - if price cannot recover, the next target is 18282 (I don't want to believe it either, but the charts don't lie.) . Expect volatility and retracements. Use lower timeframes for tighter entry. Also have protective stops in place cause, in this market, anything can happen. This kind of drop is historic. We haven't seen a weekly bear candle like this...
US30 (DOW) Expect dip down to 21500 then bounce then must hold there or we will see drop to 18282?
US30 DOW - more downside possible? Is the EVENT over? Will previous support hold? Or are we headed to 21500?
US30 Crash? If the levels continue to break US30 will go to 21500? This is the last trading day of the month. It is looking like February will close the monthly candle out very bearish. This could be the beginning of a longterm downtrend?