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DIA

May 2 Market UpdateIn the coming sessions, participants will want to pay attention to where the S&P 500 trades in relation to its $4,186.75-$4,110.50 balance area. Balance (Two-Timeframe Or Bracket): Rotational trade that denotes current prices offer favorable entry and exit. Balance-areas make it easy to spot change in the market (i.e., the transition from two-time frame trade, or balance, to one-time frame trade, or trend). Any activity above (below) the balance-area high suggests participants are interested in discovering higher (lower) prices. Any activity within the balance area suggests participants are looking for more information to base their next move; in such case, responsive buying and selling is the course of action. Responsive Buying (Selling): Buying (selling) in response to prices below (above) area of recent price acceptance. Initiative trade below the balance-area low suggests an inclination by participants to revert to the mean and repair some of the poor structure left behind prior discovery. Initiative trade above the balance area puts in play the $4,210.75 minimal excess rally-high, and the cluster of price extensions at and above $4,200.00, typical price targets based on Fibonacci principles. Initiative Buying (Selling): Buying (selling) within or above (below) previous price acceptance. Excess: A proper end to price discovery; the market travels too far while advertising prices. Responsive, other-timeframe (OTF) participants aggressively enter the market, leaving tails or gaps which denote unfair prices. So, in the best case, the S&P 500 makes an attempt to balance or discover prices as high as $4,300.00. In the worst case, participants look to auction the S&P 500 into prior poor structures and low-volume areas (LVNodes) that ought to offer little-to-no support. More On Volume Areas: A structurally sound market will build on past areas of high-volume (HVNode). Should the market trend for long periods of time, it will lack sound structure (identified as a low-volume area (LVNode) which denotes directional conviction and ought to offer support on any test). If participants were to auction and find acceptance into areas of prior low-volume, then future discovery ought to be volatile and quick as participants look to areas of high volume for favorable entry or exit.
TVC:DJI
by Physik
DIA/USDT printing Livermore"s accumulation cylinder 💥Hello tradingview army, I hope everyone is doing good and taking care of themselves 😇 Lets talk about DIA/USDT today, As you can see in the chart DIA is trading in broadening wedge which is nothing but Accumulation cylinder of legendary trader jesse livermore Right now price is in a accumulation zone , if price go as a pattern we will able to see a massive parabolic rally in DIA/USDT. Thats all from my side , thank you !!!
by divineswaroopa
1
Disney on the dailyDisney is looking prime for a push back to highs with tailwinds of news flowing in. Park reopening's are a bright spot in the push back to a bit of pre-pandemic normalcy and looking optimistic with strong streaming numbers continuing to reinvent the mouse. Technically we see Disney holding a macro uptrend even through recent market chop and a nice hold of the 50 SMA. Overhead resistance looks to begin near the 20 SMA and continue into the shaded zone where we have influx of volume creating areas of buyer side resistance. Today was a nice day to solidify a continuation to the upside, but as always overall market volatility can be a major factor in continuation of movement. In Moes we got in 2 days ago. Time for the mouse to give a little back from those outrageous ticket prices.
NYSE:DISLong
by TheTraderMoes
DIA 175% in profit ..what next ?DIA / USDT i shared an idea here 28 jan i told about potenial double bottom and great chart...well the price respected Analysis and hit all targets giving us around 175% profit 🔥 You can see previous Analysis here : Then what next ... The grey area in my chart is the potential next accumulation before next leg up I don't say buy blindly we should see retest here and some consolidation and Bullish signs before re-entry With a smaller position if that happens... i think we can see new bullish wave here to price discovery mode Keep your eye on it Good luck 🍀
by Babenski
21