$DOWI #US30 Watch This Level For A Possible Bounce
Updated
Traders and Investors,
With the dollar strength the indices have been taking a beating. US30, US500 and US100 have been following the same pattern but the leading one is still Dow Jones (US30).
So far:
1. It has crossed the 200 sma on the weekly timeframe so a bounce/retest is expected at some point.
2. There is an FCP zone coming around round number 29000 which can act as support
3. An extended M FCP pattern is forming and will complete around the FCP zone.
So watch this area closely to find a confirmation to go long for a bounce.
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
With the dollar strength the indices have been taking a beating. US30, US500 and US100 have been following the same pattern but the leading one is still Dow Jones (US30).
So far:
1. It has crossed the 200 sma on the weekly timeframe so a bounce/retest is expected at some point.
2. There is an FCP zone coming around round number 29000 which can act as support
3. An extended M FCP pattern is forming and will complete around the FCP zone.
So watch this area closely to find a confirmation to go long for a bounce.
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Note
Watching this area closely now:
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🔴 Training: bit.ly/vikinsacorestrategyprogram
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🟡 Twitter: twitter.com/vikinsa
🔴 Reviews: bit.ly/VikinsaTrustPilotViews
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