This index has formed a doji candle, which might be an indicator of an indecision in the market. I anticipate that the market might retest the resistance at 40,000 based on the fact that sentiment is bearish on this trade.
Entry point at 38150, TP at 40050 ,and SL at 37200 as my R : R is 1: 2.
Kindly remember to risk 1 - 3 % of your account.
Us30 is going to drop about -340 to -300 points today. approximately from 50% to -21% of yesterdays price displacement. Please give me a follow when this pans out correctly.
DOW30 - Intraday - We look to Buy at 32811 (stop at 32561)
The medium term bias remains bearish.
The 261.8% Fibonacci extension is located at 28943 from 34939 to 32649.
Bespoke support is located at 28933.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 33558 and 34093
Resistance: 33558...
US30 currently ranging in between 30793 as its resistance & 30266 as its support while also retesting a HTF downtrendline. Now a breakout of the ranging Phase might determine whether US30 will continue moving down in respect to the downtrendline or make a breakout of the trendline to continue pushing up.
So if the price makes a break & close below the Support...
I have numerous confirmations to long DJ next week. We are in an uptrend and are aiming to clear previous highs, I'll be looking for a retracement of broken structure and will place a buy stop to take advantage of the potential movement upwards.
Got a Fibonacci setup with price in consolidation and sitting on the trendline. If price breaks above I will wait for a retest before entering. A break down could be a fake out as there is a high chance it will hit the respective Fibonacci levels before heading up. News later might influence the direction of the market today so will remain neutral until I have the...
after bad NFP news and big unemployment 6.1% seller pressure ,affect of negative news will be big
100% dow will see 34000 (100% put buylimit with sl=100)
90% dow will touch 33100 (100% put buylimit with sl=200)
keep monitor AC accelator occilator (if your platform dont have it ,search it in google or use stoch 7.4.4) on 240-30min chart is very very...
The Down Jones Index show price reversion, starting with the Elliot Waves count we can see wave development respecting Fibonacci Levels as much as Fibo retracement like Fibo extension confirming a possible new moviment reversion. Furthermore there are more patterns that indicate us, complementing our methodology.
Potential scenarios:
*Wave C
*The price make a...
