The focus today will be the Consumer Price Index (CPI), a market-moving inflation report from the United States. I am expecting high volatility. Although the data is unpredictable, we can sometimes gain a bias from chart analysis. It would be wise to look at DXY (the USD Index). DXY (USD Index) - buyers returned close to the 61.8% retracement level of 101.92....
it's going to continue it's down 📉 again guys. Going in for shorts.
Hey Traders, in the coming week we are monitoring US30 for a selling opportunity around 38860 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 38860 support and resistance area. We would like to add up to current bullish momentum on the US dollar, usually when the dollar is bullish that put some...
Dear colleagues, the price has made wave 2 and now I expect the beginning of the movement in wave 3. I assume that the price will rise to the target of the wave 1 top area 39275.89. This is the first minimum target for wave 3. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hello everyone, for the US30 I'm aiming for a bullish continuation after the rebound on the demand zone and the break of the structure.
Hello Fellows! I hope you are all doing great! Price action in the DOW has been pretty choppy lately, but after today's CPI release it might go a bit higher on the back of the 'idea' of a rate cut, albeit a poor one. Currently, we have yet another 'Butterfly' nearing completion, or so it seems. The idea is to go short at the 127.2 extension, roughly 39300...
This is my Setup to go Long on US30. I have identified an Extreme POI which is more reliable because it has cleared Liquidity and also we have Trendline Liquidity. So let's see how Market behaves.
V1 - Seems like we may be at the bottom of this short-term DT(DownTrend) and is primed to go bullish again. I marked areas of interest for buys, but if a selling opportunity presents itself then I will call those out too
V1 - This is the current market range based on the Support/Resistance. I also provided the possible two movements that I see for the day, but as always, price can do what it wants. If I see a opportunity, I will provide an updated chart.
V2 - Another buy is here. Enter the buy put the SL where I have it and relax. if you took the trade earlier then you are sitting nice on the day
Dow Jones (DJI) had formed a Head and Shoulders (H&S) pattern on the 4H time-frame and ahead of the first 4H Death Cross in 7 months (since August 21 2023), the probability of a short-term correction seems stronger than ever. Technically H&S patterns target the 2.0 Fibonacci extension but we will settle for a slightly higher target on Support 1 at...
The BLACKBULL:US30 has seen a recent pullback, touching down on a zone of strong support. Our charts show this retreat as a healthy retracement within an overall bullish context. Trade Strategy: Entry Point: We’re looking at the 0.75 Fibonacci level, around 38645.6, as our prime zone for entry. It’s not just a number; this level has historical significance,...
V4 - New range has formed. Price is consolidating at the moment. If you did not take profits, be cautious; hoping price continue to move upward.
Analyse en 4H et prise de position en 5 minutes Zone de distribution
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Am trying to spot a yearly set up for Us30 , as you see the structure is indicating n uptrend, however it's gonna take time to reach the target with alot of pull backs but as a trader is important to know we're the market is trending in bigger time frame#educational.
We are getting a retracement to the strike zone it looks like, please read the comments on the chart. If price touches or gets within 5-10 pips of the strike zone, I will take a buy.
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 38550 to 38490. Additionally, medium-risk buy zone between 38630-38570, respectively, are highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 38550 and 38490, serving as a low-risk...