DOWJONES: Bear structureStock indices have shown bear strength for the passed 3 weeks making this a potential 4th week of sell offs. US30 currently trending inside a bearish H4 channel with higher chances of the symmetrical triangle breaking in favor of bears. Market has shown a lot of choppiness with continuous speeches from the FED.
Dj30
Can Dow Jones bears hold another lower high!?Hey Traders!
We hope you all have had a fab weekend, before we begin this post we want to bring you attention to the related posts that can be found below, each of these posts is directed at video education on specific trading topics with each of them being useful to new or experience traders!
Moving back to the post about DJ30 / US30:
We are clearly in some special times right now because after over a year we finally have some fundamental action that might support a potential bearish trend in the world indices but not only do we have fundamentals, we also have technicals which suggest we have one of the BEST opportunities for shorts in a long time. I'll detail what this 1D chart of the Dow Jones tells us.
1) We have a wedge breakout, a contraction of price which is pushing towards the upside, at its top we have a lower high which was followed by a decent breakout.
2) Our fibs entry process suggests we could prepare ourselves for possible short entries on Monday, Tuesday or maybe even Wednesday, but that should be the threshold for downside
3) a major resistance (marked as "current main resistance") is right between the 30% and 21% of the current swing high to low
As traders, and a community, we are more on the "proactive" trading side, where we wait for the right information and react to it accordingly, hence we will wait and zoom in on the hourly and minute charts before we execute our potential shorts which will most likely become compounded swing trades, but until that happens we will be taking buy positions which will be in the form of day trades, but again that highly depends on what we see when the markets open on Monday!
What do you guys think will happen with DJ30?
DOW JONES Last Timd he did this kind of yellow correctionthink to think
Smart Analysis How to trade DOW JONES :
Simple :
Just trade it smart
Investissement on DOWJONES is usually bénéfique on long time !!!
12 or 24 month to return back
It can be a good think to wing it bullish way and doing shopping as the price as low he goes in normal market
News, Géopolitics, Géo-economy, Macro-economie : Fondamental things i want to say, but i remembered trump twitter things... 1 POste 1 Wave , 10 , 20 the market sometimes changes the side
Buy the FORK
Sell the news
Free TRade can be A security
=> So When market is down you should have money to invest ....
So what to do ? every thing but not full margen or X25 or x50
Do you know the price must drop to zero if you should loose a position with x1 levrage !!
So Please dont hurry to win juste do things as investor
investor always protect the capital
what to do if Market drop ?
nothing, just short it in à hedge account or in another account
hedging can be progressive with also free trade after 20 % of Gain
if it's closed just put the same order few point below
you can surf it every time bearish thinks is done scalping mixing stratégie based on 4H interval *
Dont forget to buy as low as he goes !!!!
For who understand this strategy just don't like the post and don't share it !!!
Hey Jone, they know how to beat you !!!!
Be SMART Trade SAFE
I will make the same for BITCOIN who want it ?? juste like the post
US30Best thing to do with dow jones is buy stop from resistance and sell stop from support lines
wait for the open of market and watch
US30 - DOW JONESMY BIAS ON A CRASH COMING.
STAY ALERT
THIS IS A NUMBERS GAME!
Please share your opinion in the comments below and thank you for the support.
US30 - DOW JONESDow Jones Showing signs of Bearish Momentum.
My BIAS on the upcoming days, Week ( including NFP )
Share your comments below and thank you for the support.
US30 Buy off demand zoneIn the chart buys are valid only for breaks above resistance neckline of current reversal structure
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Back in a US30 sell position. Is anyone else 🙋♂️🙌This US30 strategy yesterday had a successful long position hit TP target.
A few hours later an alert for a sell position presented.
Currently in a bit of draw down but lets see how this one plays out.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
DJ30 will Fall to 32200 the Upcoming Week - Part 1 (Fibonnacci)I am forecasting that DJ30 would fall to the daily 100 SMA this upcoming week due to many indications, most important of which is Fibonacci, which is the subject of this idea. Other indicators will be shown in Part 2.
Below, I am breaking down the messy chart:
Fibonacci Retracement: For clarity, here I am using a simple Fibonacci cone without extensions. Placing the origin at the lowest point reached due to the first COVID-19 lockdown and retracing the current point as 100%, we will find that at each level there was a correction. And so it will be this upcoming week.
Fibonacci Spirals: Retracing most of the downward movement in the bullish run since March last year as well as the current bullish rally of the past few weeks indicate an area of huge resistance (the red curves above the current price) around the corner, which coincides with the aforementioned Fib retracement level.
Trend Lines: Their intersection with the spirals indicate the possible support points (highlighted in green).
I included the possible support points up from the most conservative down to that of a market crash. However, the one I am forecasting is the intersection with the white trend line around 32200. This is because of several reasons:
It is around the daily 100 SMA and the medium line of the weekly Bollinger Bands, which is the usual support level for big corrections short of a crash, especially when the range is high.
The short term rally has been exclusively bullish and a minor correction won't relieve the tension.
RSI is already overbought and with comparison with previous similar circumstance, a big correction always followed. Same with comparing the price action of the weekly chart. (To be discussed further in part 2 and 3)
Retracing the short-term bull with a spiral intersects with this point, which also fits well around the Fib retracement level.
DJ30, unlike Nasdaq100, is not overblown; that is, we are just on par with the pre-Covid19 original trend, which doesn't pertain a market crash, only from a chart point of view, of course.
P.S. I am including the image of the idea below since TradingView shifts the spirals incorrectly in the interactive view.
Dow Jones 30 Analysis, April 20Hi traders, DJIA opened the day lower, together with other major global indices after a strong sell-off in the stock market. The only index that traded higher today was the Hang Seng, but it also gave back some gains ahead of the closing bell in Asia.
Now, DJIA is trading near a well-defined channel support and the 61.8% Fib level, which could provide some support for the index.
Falling US yields are also making bonds less attractive when compared to stocks, and the Fed's stance to keep rates "lower for longer" could see some buyers joining the stock market again.
A fall below the 33,900 level could see further downside potential, while an acceptance of that level would attract buyers and possibly see a retest of recent highs - given that positive risk sentiment persists in the market.
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RSI (Relative Strength Index)RSI = Relative Strength Index
Is fluctuates between 0 and 100
• A momentum Oscillator
• Increasing RSI when: Average gains are greater than average losses = Bullish
• Decreasing RSI when: Average gains are less than average losses = Bearish
How to use:
1. Trend recognition: trading in the direction of the trend
1.1 Above 50: Uptrend
1.2 Below 50: Downtrend
2 Overbought and oversold entry signals.
2.1 In an uptrend look for oversold areas and open a long trade after the pullback above 30.
2.2 In a downtrend look for overbought areas and open a short trade after the pullback below 70.
US30 Target hit on this one.... 💥🚀Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren