Wall street performed what we call AMD. We have price create weekly range (Accumulation). We had price spike below zone with failure to close and reversing to break Structure with momentum candle. An order block was formed along with some imbalance upon close of 3rd candle. We might anticipate this buy setup because of the CPI data release. Remember that NFP WAS...
The Market has been trending and Dax has been a relative strength leader Daily: Formation of 1-2 RTM set Up Lows Rejected and expecting Continuation in the afternoon as its currently Lagging Indices Buys at the current Support
Dow Jones is bullish on its 1D technical outlook (RSI = 62.964, MACD = 188.520, ADX = 55.476) and has completed three green 1W candles in a row. Having reached the 0.786 Fibonacci level, the last confirmation left to see in order to call for a continuation of this uptrend is for the 1W RSI to cross over its MA. The moment it does, we will buy again and target the...
We got the break above 39000 on us30. We've now begun consolidating at key level 39500, slightly under the current All-Time-High. We will likely see buyers try to squeeze as much profit as possible so expect a bullish move to test the ATH, specifically if we see a break above 39600, clearing the range to 40000. Otherwise, if price breaks below 39400 we could see a...
Looks like US30 is bouncing off the midnight open line and will continue in its bullish pattern. Good opportunity for going long
Expecting price to reach the next figure level from this point, with the entry area being a strong support.
The US30's recent chart formations, analyzed purely through Elliott Wave principles, highlight a compelling setup for a potential short. We've seen the completion of the motive Wave (5), indicating the end of a typical five-wave advance. This suggests the market might now be entering a corrective phase. As we transition from Wave (5) to Wave (a), it's clear we...
US30 New Forecast Today's significant news has triggered substantial volatility in the market, making it conceivable for prices to surge as high as 39670. Should prices stabilize above this level, we can anticipate an ascent to 39850. Conversely, should prices consolidate below 39410, a decline is expected, with potential targets at 39070 and 38280. This...
Considering the divergence in most of the main time frames, it is likely that the Dow Jones index will start a correction in the 1 hour time frame soon. Price targets are indicated on the chart.
AMD SETUP Price Manipulation to the upside The market is likely to deliver to the downside Target 2R for distribution 15:30 - Core PPI m/m - PPI m/m 17:00 - Fed Chair Powell Speaks
#US30 Buy Idea ................................................................................
In 1 hour, we are expecting US PPI report. Ahead of the release of that data, I see a bullish price action on US30. After a test of an intraday support, the Index started quite a long correction within a narrow horizontal range. Its resistance was broken with a strong bullish candle, indicating the strength of the buyers. The market may bounce. Goal -...
We give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 50 pips and close half trade
Powell's reference to not increasing interest rates increases risk-taking By examining the trend in the four-hour time frame, the Dow Jones index has broken the resistance range of the ceiling of the ascending channel in the range of 39,438-39,314, and now, due to the increase in the moving averages of the ALLIGATOR indicator, the possibility of price increase up...
As we mentioned in yesterday's analysis, the price reaches 39600 and then falls . so failed by +233 pip. Since the market opened, it has been trading favorably and is now trying to reach the 39600 level. Also, if it can cross this level, we will get 39990. When it starts its correction toward down, it will touch 39425 or 39415.However, if it continues this...
DJIA (US30) could fall towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 39,065.38 which is an overlap support. Stop loss is at 38,500.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at 39,598.96 which is a pullback resistance. High Risk...
*I am in no way a financial advisor and this post is not advice. This post is only opinion based off major support and resistance levels & market structure. Us30 is currently traveling towards the high within daily resistance area. While price is resting on support we have positioned ourselves for a buy with stop loss right below structure of pattern on the...
Today, I'm analyzing the US30, and my Elliott Wave analysis suggests we might be nearing a pivotal moment for a potential downturn. From the chart, we've seen the US30 follow a clear Elliott Wave pattern, culminating in what appears to be the end of the fifth wave. The market seems poised for a corrective phase, which typically follows after completing an impulse...