This is a chart breakdown regarding my market structure rules.
Dow Jones.... let apply my theory on it. from chart t is very clear 32200 is resistance made on 30th Aug. 2022. previous to this last resistance was at 33909 ( 26 April 2022) and failed to breakout but attempted on 16 Aug. 2022 once it breaks 32200, we will position on Indian market to and make more positions until then we can see volatility
I adjusted wave 6 on the current chart to the current downside move. Haven't been looking at US30 for awhile, but been focusing more on the S&P chart. Either way, the pattern is the same. Market is playing out, kind of as forecasted based on charts published months back. Are we there yet? At wave 5, the market was going "are we there yet?" Then the market...
This is how I view market structure once it becomes more rigid than smooth.
The Dow Jones continues to plummet with no signs of bottom in sight as per indicators using Neural Network, CCI and MACD on weekly chart.
This is a complex view of market structure not many people speak on.
Ready to ride wave "C" NOT Trading Advice DYOR Lets "C"
Hi great followers, traders and investors ! Today, We analyzed one of the most important indices in US market. I decided to record a video since I thought that it may be difficult to show what I am thinking in writing. In fact, I wish to transfer my idea better by this video. In this video, We investigate Worst, Moderate and Best case Scenarios. We analyzed the...
A continuation pattern has presented it self at the cureent price traders can sell till price target
DOW30 - Intraday - We look to Sell at 29608 (stop at 29955) The primary trend remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 29700. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 28828 and 28600 Resistance: 29700 / 31100 /...
US30, 4h, Bullish direction Entry: market order SL: 3000 pips RRR: 1:3 Reason: Expecting a reversal from previous days low and this weekly low.
Hi there The US30 is in a downward trend. We might see a test of the QML level before a drop to C, but that is not absolutely clear. That is because the projected next candle (in red) does not extend below the L of its previous candle yet it is bearish, so some caution for the next coming week. Looking at the panel summary, the MAs, DMI, and MACD all indicate a...
looking for confirmation to occur at the two areas labelled poi1 and poi2, maybe in the form of candlestick patterns or failure to break higher, before marking down towards an unmitigated order-block on the daily timeframe. Respond don't react.
There is a broken structure which shows a bearish move,the market then retraces to the order block confirming our entry,the TP is at the 30 min SD area
It is expected that the index will change the trend in the current support range and we will see the beginning of the upward trend Further, if the index does not have the ability to cross the resistance range, the continuation of the downward trend will be likely
Last week, the Dow popped early as indicated and sold of heavily into Friday. Clear as a bell wave threes down are unfolding. 29600 was our first target...easily hit, now our sights are on 24,000 and possibly 23,000. The next 7-10 days are going to be extraordinary, the severity will be evident this week...the catalyst to cause capitulation could be from Europe,...
moving up the dow jones index is creating a double bottom for a move up and if rejecting it will be completing a symmetrical triangle to continue the bearish move
On the H4 chart, we have a bearish bias for DJI with price on a descending trend since the 16th August 2022. To add confluence to this, price is below the Ichimoku cloud which indicates a bear market. Looking for a sell at 30302.28 where the 38.2% Fibonaaci line is. There is a market gap nearby there to fill. Stop loss will be at 30745.55, slightly above the 50%...