US30 Pushing UpUS30 has been in a area of consolidation for the past week and a half after having a large sell off for the previous two weeks.
Technical : On US30 we're seeing the 3 EMA cross the 10 EMA upwards while at the same time the Stochastic is pointing up while crossing the 50%-80% mark. Price action is also making its way to the upper Trendline which has 3 previous touches, possibly setting up for a break out. It is KEY to wait for the candle to close when getting a cross over of the EMAs and Stochastic because its always possible that it just bounces instead of completing the cross over.
D-US30
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US30 Daytrade Idea (Test)On the idea that during sharp drops or gains, as long as its above/below 25% of the leading candle. A trade can be made to the next liquidity point. With a stoploss between 50-70%.
Market tends to extend in the direction closed the previous day and retrace highs/lows.
Since yesterday was deep red, we can expect some move back down to that area.
US30's Price Retracement and Fibonacci ConfluenceExecuting a Scalping Position on US30, the price initially reached 38570 before experiencing its first retracement. Currently, the price is undergoing a pullback at the 61.8% Fibonacci level, coinciding with a Bearish order block. Our focus lies on anticipating a rejection of this zone and identifying a new CD Leg Fibonacci extension.
US30This and NAS100 have a similar path not the same.
WEEKLY
40000, the highest price it has peaked at. When it peaks it then drops and goes to fetch support from a previously strong support level. NFP is where we will get our volatility.
DAILY
We were in an impulsive phase, because we know that the trend is bullish. Just stuck in the ascending channel. 36000 looks like the assumption price, but we need to remember the assumption price is not a strong clue to add to our evidence file.
4H
I am seeing a bear flag, which should touch 38700 before collapsing, where we can get in with a risk entry or keep waiting till a reduced risk entry. Let's let price develop before we act and do anything.
1H
Just stay watching and waiting.
Dowjones is attempting to break a supportHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38150 zone, US30 is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below the 38150 support we will be looking for a potential retrace of the trend towards more lows.
Trade safe, Joe.
DOW JONES Test of 4H MA200 imminent to decide the trend.Dow Jones (DJI) gave a solid short-term sell signal on the MACD Bearish Cross last time we analyzed it on the 4H time-frame (April 24, see chart below):
Similarly, it is flashing a strong buy signal now after the 0.236 Fibonacci rebound that keeps the price action above the 4H MA50 (blue trend-line), in similar fashion as September 14 2023. The 4H MACD even completed a Bullish Cross and the next sequence on that fractal is a 4H MA200 (orange trend-line) test. Our target is 38750.
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Dowjones is approaching an important resistanceHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38470 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 38470 support and resistance area.
Trade safe, Joe.
BTCUSD - Bitcoin 1HR Simple trading - Head and shoulders
I do not need to say much, BTC has broken below the head and shoulders neck line.
SELL (entry6300)
I would usually wait for a break and retest, but it's the weekend and BTC could drop in a couple of hours. Or it may hold above 63000 until tomorrow.
USE STOPLOSS (63500)
GOLD IN BUY CORRCTION
BUY now@2325-2315
sl 2310
tp 2327
tp 2330
tp 2335
tp 2365
tp 2385
tp 2415
buy limit 2303-2295-2288(flip entry confrm)
Sl 2285
Tp 2305
Tp 2308
Tp 2313
Tp 2359
Tp 2392
Tp 2415
BUT
In chart
we got DAY High confrm(Using my Research)
DAY in 80% sell
swing entry
sell limit 2391
sl 2439
tp 2295
tp 2256
tp 2202
tp 2150
tp 2050
tp 1975
INTRADAY ENRTY
Sell limit 2389-2394(flip zone)
Sl 2402
Tp 2387
Tp 2384
Tp 2379
Tp 2280
Tp 2163
Tp 2050
Tp 1984
Sell limit 2409-2412(strong sell zone)
Sl 2419
Tp 2407
Tp 2404
Tp 2399
Tp 2280
Tp 2163
Tp 2050
Tp 1984
NOTES: EDUCATION PURPOSE ONLY
US30 Dow JonesPair : US30 Dow Jones
Description :
Double Top in Short Time Frame
Completed " 12345 " Impulsive Waves
Fibonacci Level - 261.2%
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Falling towards overlap supportDJIA (US30) has made a bearish reaction off the pivot which has been identified as an overlap resistance. Could this index continue falling towards the 1st support?
Pivot: 67,959.86
1st Support: 64,549.56
1st Resistance: 71,123.59
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XAUUSD GOLD - 4HRSimple trading - "M" Pattern
Massive Sell-off incoming
This is by far the easiest pattern to spot. Do NOT follow the trend anymore. Respect the pattern. A retest to 2340 with rejection is a clear sign of new resistance.
If Gold can manage to break above 2345, then look to continue buying.
The two entries I'll be looking for are SELLS at 2340 with a 50pip stop (if the market continues to buy) and at 2315 after the break.
See the previous chart for more details