The increase in corporate profits help the stock indices to riseBy examining the trend in the four-hour time frame, the Dow Jones index has the important support of the bottom of the ascending channel in the range of 42747, and if it is maintained, there is a possibility that the price will rise towards the resistance of the ceiling of the ascending channel in the range of 44893.
Djiusd
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The Dow Jones is approaching the selling rangeBy examining the trend in the four-hour time frame, the Dow Jones index is approaching the resistance range in the range of 39,550-39,386.
Currently, it seems that the index can decrease in price up to the support of the bottom of the channel in the range of 38672, provided that the mentioned resistance range is maintained.
SIGNAL: Go LONG on US30 - 15 May 2024Like, comment and share with your peers!
I would be looking for bullish moves on US30 today provided price remains above 39500.
1 hour price bar(candlestick) has closed above a range that started mid NY session yesterday. The range formed shortly after a 211 pips pump.
Find my confluences below;
✅Price at psychological level?
✅Has there been a recent intraday range?
✅Do you see 30 mins or 1 hr price bar closure outside recent range?
✅Will position be in the direction of 4hr and Daily trend ?
✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx?
With these ticked, i choose my entry and SL accordingly with the intention of giving my trade a second chance if my SL is hit
Position Parameters
Entry 39588 - 39609
Textbook SL - 39543.38 (means flexible - put SL as occasion serves you and give the trade a second chance if SL is hit)
Tp - 39801.65 (see partial TP levels on the screen)
Drop a comment to let me know if you have picked up a thing or two form my analysis
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
NYSE Open SIGNAL: US30 LONG - 13 May 2024Like, comment and share with your peers!
Hi,
With volume from NYSE opening, we may yet see another pump from US30.
Expected entry area - 39546.25
Textbook SL 39513.56
Final TP 39699.50
Pay attention to TP 1 to 3 and risk accordingly.
Warning: trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
US30 Long NYSE Open- 09 May 2024If price breaks above the current 30 mins bar high, we may see a massive pump on this pair. Hopefully NYSE volume would play an important role here.
Warning: trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
See my signature below or visit my profile for more details
US30 Signal - 08 May 2024From yesterday's analysis, am taking a long position on US30, since all my conditions are met.
Entry - 38900.00
SL - 38838.56
TP - 38999.58
Make sure to apply proper risk management.
Warning: trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
See my signature below or visit my profile for more details
US30 Long - 07 May 2024Hey mates.
Us30 is strenghtened and ready to break highs, but not without retesting the break out zone. My chart analysis are mere illustrations of anticipated price footprints basis historical price behaviour. So actual price actions may vary.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
See my signature below or visit my profile for more details
NFP in a NUTSHELL - 3 May 2024Hi Friends,
I think price will attempt to go high then drop after NFP news release.
Am not sure what the number would look like but looking at my chart, you may quite agree with me.
Pips move could be more than 600 pips🚀
This is a mere speculation. Kindly trade according to the outcome of your analysis.
Apply risk management!
US30 (DJIUSD) Daily Outlook by Kingsley
Dow Jones seems pretty much bearish. Am expecting push back to 32642 area where price has formed resistance after which slight consolidation and downwards drop follows.
I would take advantage of the support level tags as target(1,2,3) and my profit levels
NOTE: This is just analysis based on price structure and not a trade advice.
US30 TRADE IDEA UPDATEPrice reacted at the first POI to give us the bull run we expected.
I've taken 90% profit on my position because i still have a poi lower that price could also aim for next week.
We killed US30 this week. Let's do more next week.
Kindly like and comment for more educational content.
Dow Jones is forming a Descending Broadening Wedge Pattern!!!It seems that Dow Jones Index is forming a Descending Broadening Wedge Pattern on the daily time frame so that it has managed to create bottoms and tops according to the pattern.
I expect a third bottom to form in one of the 🟡PRZ(Price Reversal Zones)🟡 .
Dow Jones Industrial Average Index Analyze (DJIUSD), Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.