Dow Jones index and spx and Nasdaq all entered extremely greed line yesterday.
Europe Central bank is about make big shot tomorrow and FED is about to do 'Ultra step' soon next week.
This week and next week's interest rate hiking rally would push most of international stocks to fear zone again.
My target down to Dow Jones Index is 28000.
Good luck all...
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...
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...
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 /...
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
