After the completion of the recent rising wave, it is expected that a corrective pattern will be formed and naturally it can advance up to the specified time limits.
If the index stabilizes above the resistance range, the corrective and downward trend will be invalidated
38055 has been swept. Now there is 2 areas of liquidity (38610 & 39050) that have not been liquidated yet. We could see possible moves into these area for the next couple weeks. If not then bears will just continue breaking key structural levels to the downside.. Confirmations are always key.
Hello,Friends!
The BB upper band is nearby so US30 is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 33605.
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This afternoon US releases are expected to affect the US indices in particular the Dow Jones (Ticker AT: USAIND) retail sales, also fuel and auto sector, and the NY Empire State manufacturing index from the Federal Reserve which compiles a survey of the top 200 executives of the top companies in the sector. A change in this index can indicate the pulse of exports,...
Dear colleagues, the price has passed many points in the downward movement and at the moment I suppose that the price is completing the corrective wave "4" and very soon will start the upward movement in the wave "5". It is possible to update the low in the area of 38458 and then move to the resistance area of 39419. It is possible that the price will immediately...
CAPITALCOM:US30 has broken the last Higher Low after forming bearish divergence on RSI indicating potential bearish move. Moreover, It has also broken bullish trendline by forming new Lower Low. We can look for sells between fib 50-75% levels.
US30 is approaching strong support after strong CPI released on wensday lead Us30 to big bqxk, will this be a good time to take long entry or some recession coming, I will be looking for buy opportunities the next coming week n hold until the target.
Weekend analysis, we aim to buy long if us30 form a reversal chart pattern on the nearest zone since it have been the strongest support over the past days and months
I'm just a newbie in forex, and this is just what on my mind with US30. Lol, please don't hesitate to comment on my analysis. Your comments will really help me improve my analysing skill. Thank You.
The market is going to reverse, trying to collect liquidity. Taking all the previous highs, Collecting stop limits. Before making an impulsive bear move.
Price above the monthly cloud timeframe
Price above the weekly cloud timeframe
Price above the daily cloud timeframe
On the H1 timeframe, I'm waiting for the price to move above the cloud to signal a buy setup.
Check this out...
The strong wave from Oct. 2022 into the beginning of 2023 had the same structure and ended with an extension (See below: purple 12345 > Expanding Ending Diagonal).
We are now at the yellow arrow, only this one is in a wider setup (so it takes more time to complete).
Does history repeat with a last push up to somewhere between 39200-39600?
- DJI is currently encountering strong resistance at 34500.
- The psychological significance of this resistance level adds to its importance.
- This could be one of those, Go Big or Go home scenerios
- In case the resistance holds, a potential psychological support level at 33000 may come into play. The support trendline intersects at a similar level.
What is...
