📉 Dow Jones Update: Bullish Breakout Signals Potential Recovery! 📈 Hey traders! 🌟 Big news from the Dow Jones market! 📉 After a prolonged correction from its all-time high, we're seeing some serious action! 🚀 🔄 On the 3-hour chart, the Dow Jones has formed a massive double bottom pattern. 📊 This is a classic sign of a potential trend reversal, folks! 💥 🐂 And...
Waiting for a clear sweep of liquidity above 39065. With this sweep, we can see big bearish moves from there or a continuation of the bulls. I would personally like to see the market reach 39200or slightly higher around 39400 before the bears move.
And just like that we got the run on the sellside we were looking for. Entry 38925 TP 38865 SL 38950 We simply followed the market and WAITED for our move to set up. We did trade a bit outside of the 5min inverted FVG but that was acceptable. The LTF buyside got traded through and we directly closed back within the LTF range so it was still a valid trade....
The magnitude of the inflationary spike appears to affect the time in which the market moves sideways and at what magnitude it fluctuates. Market peaks are close before or after inflation WAVE 1. Remember this is a monthly chart, so these things are long pending. It appears that buying liquid assets at or around WAVE 3 is the best entry for a market expansion...
The US30 broke through the key support level 38,570 this week, indicating bullish sentiment in the market. With this break, the next resistance level for the index is expected to be 39,000. This shift in momentum indicates increased investor optimism, which should lead to further gains in the US30.
Looking to see how we react to the 5min inverted FVG (red box). IF we fail to close outside of it (clear candle close) I will look to short targeting the sellside liquidity. IF we create new high it will be a breakaway gap for further upside. No need to front run the market...PLAN...WAIT...EXECUTE Stay safe and never risk more than 1-5% of your capital per...
Despite the fact the FEDs stance on inflation was that there is more work to be done before seeing any rate cuts, their optimistic tone is why we still saw us30 move bullish and begin trading above 38600. As we approach the 39000 key level it's likely we'll see some resistance and if we fail to break above expect price to retest 38600 before making its way back to...
Hello everyone What I am publishing is not so reliable till the confirmation level comes true. But if it follows our counting so you can be prepared for a sell position (Wave (C) intermediate). Thanks
I have somewhat a love/hate relationship with head and shoulders. Gotta love them for the epic and highly forecastable reversal trades they produce. However, they're low win rate. About 1/3 in work. Easy to get false signals on the others because the HS is such an obvious pattern. If this turns out to be one of the successful ones, a mighty dump in the DJI is...
US30 hit possible top for next few days. 1 to 15 risk to reward ratio. GL
📈 Dow Jones Rollercoaster Update! 🎢 Hey traders! 🚀 Exciting news from the Dow Jones Industrial Average! 🌟 After a wild ride down from its all-time high, we're seeing some serious action! 🎉 📉 First off, we've been on a downward trend for a while now, but guess what? 🤔 There's a new sheriff in town! 🤠 The daily chart is showing us a flashy double bottom pattern. 🔄...
In this 15-minute chart of the US30, we have observed a completed Elliott Wave sequence culminating at a high that potentially marks the end of a significant bullish phase. As the index now embarks on a corrective journey, I've applied Fibonacci retracement levels to identify potential reversal zones that could signal the beginning of a short...
AMD setup Price manipulation to the upside. Price is likely to deliver to the downside Target 2R for distribution No data to back up the move
It will probably consolidate a little before it wants to go up. It's time to be patient until we find an entry set up :) A little confusion before the glory... The key is in the Momentum! Keep it simple! If you like me, don't forget to follow me !!!
us30 should hold steady and finish the week someone in 39500
There is a possibility of risk reduction in stock indices including Dow Jones By examining the trend in the four-hour time frame, the Dow Jones index is approaching the resistance range of the ceiling of the ascending channel in the range of 39154-39070, and therefore, this scenario is strengthened, provided that no close candle time is recorded. For four hours...
US30 New Forecast The price moved as our previous idea and reached our target perfectly. So now it is possible to do a retest till 38820 and then start a bullish trend toward 39010 and 39075, breaching 39075 means a continuation bullish trend toward 39285 otherwise closing 4h candle under 38820 will move under the bearish effect toward 38660 Pivot line:...
The direction has completely uptrended and stabilized above resistance 38845 by the 4H candle. For now, the price is trying to reach the next resistance level of 38845; above this level, it will reach 39040. Also, given that it will retest, maybe it will fall until around 38845. then will begin the rise process toward up. To get 38540, the price should stabilize...