Always start your analysis of on a HTF so that you can see the direction in which the market is going.
Next you want to identify your trading range, grab your fibs and draw the fibs on the range.
Depending on which way the market it going you will have to either draw up a discount area or a premium area.
Next look for imbalances, liquidity sweeps, FU candles, IC candles.
Today's focus: US30
Pattern – Diagonal
Support – 38,135, 37,135
Resistance – 38,810
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 on the daily chart.
What a solid run we have seen till yesterday's CPI data. After US CPI came in hotter than expected, this shocked the market and led to heavy selling on stock indexes and...
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Will analyse markets and possible entries every day for 10 days. Send your pairs or questions
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to...
-Here price rejected off the 4hr fvg (blue shade)
-immeadiatly i dropped down to 1min and was able to find a clear set up with great buy model price action
Market Review Update:
DXY | EUR/USD / GOLD / US30
Dollar index is trading closer to the crucial zone of 105.000
Will have to wait for price to reach this area and have a weekly candle body closure.
Please apply risk management, Trade with caution.
US30USD is looking quite interesting based on price action. Thank you all for watching and supporting us. for more content...BOOST, COMMENT, SHARE.
You are loved and appreciated, see you at the next one!
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"📈 US30 Bulls Bucking Strong: Analyzing the Dow Jones, it's evident that we're currently witnessing consistent higher highs and higher lows, indicative of an uptrend market. Observing the week-to-week movements, prices show a rise of approximately 2% from low to high and a decline of around 1% from high to low. Given this, my market approach involves patiently...
Greetings,
If you have heard or seen the idea of using top down analysis within your trading but never truly new what it was or how to optimally utilize it in your own trading. This idea will show you.
I am expecting a correction in DJIA
the below levels are been marked in swing waves -
the price will move in waves pattern - this is DAILY CHART
pls build up small small qtys - never rush to wash out your account -
There is an end to the ongoing uptrend which has lasted for weeks, however, we are seeing a consolidation happening right now which is showing us that a downtrend to fill the FVG (Fair Value Gap) formed on the bigger timeframe.
US30USD is looking quite interesting based on price action. Thank you all for watching and supporting us. for more content...LIKE, COMMENT, SHARE.
You are loved and appreciated, see you at the next one!
Drop pairs in the comment section.
Hey Traders,
Within US markets the same theme really is occurring.
Up moves in fast succession. Ignoring Technical factors/bias is unwise if you are looking for concrete evidence in your trading decision(s).
Fundamental Analysis rules markets in direction, but viewing candles tells you a lot aswell.
This clears it up.
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, it looks like we are moving corrective and that we have not started wave 5 yet. We could be close to complete another WXY structure.
US30USD is looking quite interesting based on price action. Thank you all for watching and supporting us. for more content...LIKE, COMMENT, SHARE.
You are loved and appreciated, see you at the next one!
Drop pairs in the comment section.
