Cup with Handle on IBM Attempting to Break $140 Resistance LevelWe have a nice looking Cup with Handle on IBM and it's currently Challenging the $140 Psychological Resistance Level, if it can get above that i think we will see IBM's stock price push towards the $175-$180 measured move. On a side not i also believe the Dow will be the strongest performing Maor US Index and reach all time highs before any other index and that IBM will be one of the more major stock leading the way along with Microsoft and Intel.
D-US30
Dow Jones (US30): One More Bullish Move?!
Looks like we may see one more bullish movement on Dow.
After a test of a key support, the price formed a cup & handle formation.
The neckline of the pattern is broken and we see a positive bullish reaction
after its retest.
I expect a bullish movement to 38040
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US30 Will Go Lower From Resistance! Sell!
Take a look at our analysis for US30.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 37933.77.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 37492.88 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Dow Jones Index (US30): Confirmed Bullish Signal?!
Dow Jones retested a recently broken horizontal resistance.
After a test of structure, the market bounced and violated the upper boundary
of a bullish flag pattern.
The violation may trigger a trend following movement.
Goals: 38050 / 38100
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Most overbought condition 1) Most overbought condition since May 2021 on the weekly RSI 14.
2) Converging trendlines at 38,200 stretching back since late 2021 create solid roof tested 3 times at least on 2 separate trend-lines which would make for a very tough level to break, especially when it's this overbought.
***A correction down to retest the connecting lows trend-line since late 2022 would make a lot of sense even if a new high would be reached in the future, a correction down is very likely in the current technical condition - Which would be down to the 34,200 floor.
US100 17348.6 +0.14 % SHORT IDEA INTRA-DAY SETUP 🐻🐻🐻HELLO TRADERS
Hope everyone is doing great 🛑
A look at NASDAQ ahead of LONDON OPEN 📌
* Asian range taking beautifully.
* We are trading above the D, & W OPEN on the S&P 500 ( SMT)
* Looking for a sweep of BSL for continuation with the bears.
* If we take Asian lows 1st the trade is still valid for NY.
* we will just wait for BSL to be taken
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lets see how it goes.
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US30 SELLS US30 formed a double top on 4h & 1h and now Closed below structure and zone on the 1h at NY Session.
Upon seeing this close and sell confirmation waited for a retracement to @ 37980.00 with sl@ 38040.00 Risking(70 points).
TP1: 37850.00. TP: 37815.00. TP3: 37700.00
Market Bio Feedback:
* Where has the market moved since I entered my trade? In slight profits
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Confident & Optimistic
* What do I like about this trade ? Pre-planned move, stayed patient & waited for my entry
* What do I dis-like about this trade now? Slower than usual
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ? No
BTC BACK TO THE LEVEL OF S 40k?Thank you for reading this update.
BTC should hold the important 40K level with confirmation, otherwise, we can get a new recovery that could bring BTC back to 38K or below.
BTC can have a return to the 41-40K level in the coming time frame, we follow the trend to see if BTC can have a return and if it's able to make a wick below the important 40K level.
Stay updated.
This is not trading advice .
Dow Jones Index (US30) Does the Bullish Trend Continue
Dow Jones index is trading in a strong bullish trend.
After the market set the all-time high at the end of December,
the market started to consolidate within a horizontal range.
Bullish breakout of the resistance of the range is a strong trend-following signal.
It may push the prices to 38400 level.
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US30 Longs from 37600.0 or 37300.0 back upUS30 recently broke out of its ranging zone, achieving new all-time highs and confirming an extremely bullish trend. This further strengthens the prevailing idea, prompting us to adapt and seek opportunities for buying to continue the upward trend.
We've identified two demand zones—one on the two-hour timeframe, close to the current price, and another (10hr) below, which is considered more ideal. The latter broke structure on a higher timeframe, swept liquidity, and is within the 0.78 fib range. I'll be patiently waiting for either of these two zones to explore potential buying opportunities.
Confluences for US30 Buys are as follows:
- Price needs to dip to a significant demand level for an upward rally to persist.
- The market trend is long-term bullish, aligning with this idea.
- New demand zones have been left on the (10hr & 2hr) which caused a BOS on the HTF.
- Price has taken ATHs confirming the bullish trend.
- Price has broken significant structure to the upside also reinforcing this idea.
- Imbalances below that need to get filled as well so a potential pullback does make sense.
P.S. Despite the prevailing bullish trend, it's crucial not to have tunnel vision and overlook the possibility of a bearish bias. With price absorbing all liquidity to the upside, there's a chance for a melt-off, potentially breaking through my demand zones and reaching the equal lows below them.
buy for us30 positional 30 minute timeframecurrently us30 is making HH and it is extreme bullish. cause us30 is at lifetime high.so before going long bearish it will plays out in ATH for sometimes may be 2-4weeks . we have observe a oder block in 3om timeframe so watch the PA closely to that oder block if we get rejection from that area we will enter and target for the new high.HOPE FOR GOOD.
US 30 4H : Under sell pressure US30
New forecast
The index price succumbed to negative pressures, announcing the postponement of the upward attack, forming several downward corrective waves, through which it settled near 37400.
We would like to note that the continued exposure of the price to negative pressures and the stability of the obstacle represented by the level of 37814 will increase the effectiveness of the downward corrective path. We expect it to soon target the initial support centered at 37306, and then let us monitor its behavior so that we can determine the proposed targets for the upcoming trades. A fall below this support will increase the chances of the price resuming. For the bearish corrective attack, we expect it to reach around 37143 and 36916 in medium-term trading.
The expect range trading for today it will be between the resistance line 37814 and support line 37143 until stabilized .
support line : 37306 , 37143
resistance line : 37645 , 37814
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DOW JONES Why you don't want to miss this rally.Dow Jones (DJI) is pulling back on a technical correction as the 1W RSI got overbought (above the 70.00 mark) on the December 26 1W candle. That was basically the first time since June 01 2021 it got overbought and that time also gave a technical pull-back.
What draws our attention more than that time though is the December 19 2016 pull-back when the 1W RSI was again overbought. The difference here is that the price action and patterns that preceded that pull-back/ consolidation are very similar. A Lower Lows bottom on the 1W MA200 (orange trend-line) that took place on a 1W RSI Higher Lows Bullish Divergence, gave way to a break and sustainable rise above the 1W MA50 (blue trend-line). Following the current pull-back/ consolidation we are at, a very strong Channel Up took place.
As a result, even though the sentiment is bearish on the short-term, possibly until the January 31 Fed Meeting, it is clear that the long-term trend is bullish. Every such correction has high probabilities from now on to be a buy opportunity. The target can be as high as 43000 within 2024.
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DOW JONES: Top is being formed, 1D RSI Bearish Divergence.Dow Jones has been trading sideways since the December 28th 2023 High, having tested that Resistance after another three times. Naturally the 4H timeframe is neutral and the 1D technical outlook is about to as well (RSI = 56.255, MACD = 185.180, ADX = 33.836). The 1D RSI in particular is under a LH trendline, which is of the same shape as August 1st 2023, May 1st 2023 and December 13th 2022, all major market tops of the past 13 months.
This is a strong technical Bearish Divergence and consequently we expect a pullback to at least the 1D MA50. Based on those past peaks and corrections though, we should be expecting at least a 0.382 Fibonacci pullback, thus our target is near the S2 level (TP = 36,000).
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US30 H1 / TWO POINTS OF INTEREST / POSSIBLE SCENARIOS FOR LONG✅Hello Traders!
This is my idea related to US30 H1. I see two possible scenarios where I will look for a long entry in case of confirmation of retracement.
You can see two resistance zones from where I expect US30 will go bearish. In case of confirmation of retracement from the resistance zones, I will execute long trades until the price of 37760.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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US30/USD Longs from 36600.0 back upUS30 doesn't currently capture my interest due to significant ranging and the build up of liquidity, awaiting a breakout. Once the breakout occurs, whether to the upside or downside, opportunities can be seized. Given the overall bullish sentiment, the demand zone for potential buys holds more appeal. I'll await a downside breakout, fill the imbalance, and then address my 4hr demand zone.
In case price breaks higher, establishing new highs, I'll look for a fresh demand level for buying opportunities. Alternatively, if the price breaks down and undergoes a character change, it may create a supply zone for potential short-term sells.
Confluneces for US30/USD Buys are as follows:
- Price is ranging a building liquidity due for a breakout and to eventually react off a zone.
- A demand zone below triggered a break of structure to the upside.
- The market trend is longterm bullish, aligning with this idea.
- Imbalance above the demand signals favourable reaction at my POI.
- lots of liquidity above, including trend lines and untouched Asian highs.
- Price needs to dip to a significant demand level for an upward rally to persist.
P.S. I'm currently holding off on immediate trades, waiting for price to initiate a breakout. The market appears to be in a consolidation phase, and I'll only consider entering trades once price establishes a clear direction to sweep liquidity.
Have a great trading week ahead everyone!
DowJones on the Radar: US30 Technical Analysis at 37300Hey Traders, in the coming week, our focus is on the US30, particularly around the 37300 zone. The DowJones has been on a solid uptrend, showcasing its resilience in the market. As we enter the new trading session, we find the index in a correction phase, edging closer to the critical 37300 support and resistance area. This level has historically played a significant role, often acting as a pivot point for the DowJones.
Examining the technical indicators, the current correction appears to be a healthy retracement within the broader uptrend. The 37300 zone aligns with key Fibonacci levels, adding an extra layer of significance. Traders keen on trend-following strategies might eye this as a potential buying opportunity, anticipating a continuation of the upward trajectory. However, it's essential to keep a watchful eye on market sentiment, geopolitical events, and any unexpected developments that could influence the DowJones in the upcoming sessions.
In summary, the technical outlook for US30 around the 37300 zone suggests a strategic approach, emphasizing the importance of this level in the context of the broader market trend. As always, trade safe, and stay informed about the evolving market dynamics throughout the week.
US30 Next Buy opportunity 37366.36 and 37212.31.US30 Next Buy opportunity 37366.36 and 37212.31. But recommend 37311
Target will be Depends on entries.
Wait for confirmation....................
Key level Support 37212.31 4H and Key level Pressure 37819.45 4H. Already missed with sell opportunity. Scalpers can get sell trade with 37638.
SL ( Set a uniform set of 15$ ) only for your reference and you can set it according with your free margin