Buy Opportunities for US30 - 07 Dec, 2022Hello Folks,
I can sight a lot of buying opportunities for US30 index pair.
Firstly, from yesterdays amazing drop comes a good price touch at our psychological level (33500) and closure above that level (33574)). This signals huge buy in chance for BULLS
What is NEXT?
1. Sniper Entry - I expect price to pull back into 70%-89% fibo level (33436 area). If we see price react at that support level, we have to patiently wait for breakout to the upside before we take sniper entry with targets at 33574/33664/33753 and 33845 zones.
2. Breakout Entry - The break of 33664.8 area will likely mean that price is going to see 33753 and 33845 zones.
Am not looking for sells today. Am just gonna look for buys or stay away from market completely.
Disclaimer: This is just an idea and never a green light to expose your capital to wall-street wolves. Do not take this as a financial advice hence follow my recommendations at your own risk(s)
Djiusd
US30 Daily Outlook - 06 Dec, 2022Merry Xmas folks!
Am back fresh and stronger!
US30 has been ranging between 33500 and 34500 since November 22, 2022 (see psychological levels on chart) .
Daily TF looks very bullish where we expect a flip of the daily candle for price to continue heading downwards with targets between 33824 and 33611 levels.
Moving to intraday (4H, 1H, M30 TF), with strong support at 33871 area, price may yet create another wick rejection around that area. This level could serve as sniper entry (if and only if you wait patiently to see price hit and close above the 33871 price level- i recommend you use lower time frames to get in at a very profitable price).
Fibonacci retracement tool have been used to make out possible sniper entry area for proper guidance as well. Patiently wait for price in 30 mins/1H TF to hit and close above the fibo level then apply breakout strategy to get in as required and use your risk management strategy to place SL.
I hope this yield great results for us all.
Disclaimer: This is just an idea and never a green light to expose your capital to wall-street wolves. Do not take this as a financial advice hence follow my recommendations at your own risk(s)
BTC VS DJI - Log Fractal Fib RetraceLooking at the 1M BTC Chart Over the DJI Index I cannot help but notice a 2018 type similar fractal fib retracement pattern. With the current market conditions could lead to a possible retracement on the DJI Index to the 18k-21k $ region, in that scenario we can expect BTC to retrace to the 7k-10k $ levels. Described a possible playout with plenty bull traps and bear traps. One of the first signs to confirm this theory would be a test and rejection in the 27k-29k $ area. Will keep a watch on how this plays out.
Dow Jones Analyze( Road Map/Scenarios)!!!🗺️Dow Jones Industrial Average Index technical analysis (DJI) moved as I expected it 👇✅.
DJI was pushed back from the resistance zone & SMA 20 (monthly TF) as I expected.
Now, we have Two Scenarios here:
Scenario 1: DJI will make the Expanding Leading Diagonal.
Scenario 2: DJI has passed the corrective waves by Double Zigzag Correction, and We have to wait for breaking the Resistance Zone by DJI (Low Possible).
❗️ Note ❗️: If DJI touches 31885$ , we can verify the first scenario.
Dow Jones Analyze (DJIUSD), Timeframe Daily⏰( Log Scale )
🔴Resistance zone: 33700$ until 33260$
🟢Heavy Support Zone: 31260$ until 29680$
Do not forget to put Stop loss for your positions (For every position 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.
Dow Jones Analyze!!!🧐Today we will discuss the Dow Jones Industrial Average Index technical analysis in a Daily timeframe chart. DJI finished its ascending trend after breaking below the ending expanding diagonal pattern. As you can see, we have a major pivot in Support Line . I expect Dow Jones to make the same movement as Wave X (Near the Important Resistance Line ), and then it will go DOWN again, probably at my TRZ ( Time Reversal Zone ).
We have Two Scenarios here:
Scenario 1 : DJI will make the Expanding Leading Diagonal .
Scenario 2 : DJI has passed the corrective waves by Double Zigzag Correction and We have to wait for breaking the Resistance Zone by DJI ( Low Possible ).
Dow Jones Analyze ( DJIUSD ), Timeframe Daily ⏰( Log Scale )
🔴 Resistance zone : 33700$ until 33260$
🟢 Support Zone : 31260$ until 29680$
Do not forget to put Stop loss for your positions (For every position 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.
US30 ShortHey traders, in today's trading session we are monitoring US30 for a selling opportunity around 34100 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
US30 LongHey traders, in today's trading session we are monitoring US30 for a buying opportunity around 34300 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
US30Hey traders, in the coming week we are monitoring US30 for a selling opportunity around 34800 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
US30 shortHey traders, in the coming week we are monitoring US30 for a selling opportunity around 34900 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
US30 ShortHey traders, in today's trading session we are monitoring US30 for a selling opportunity around 34100 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
US30 LongHey traders, in today's trading session we are monitoring US30 for a buying opportunity around 36050 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
The markets may have actually topped...and let it be said that if it hasn't topped as of right this moment...it is FREAKING CLOSE... like sooo close. I can feel it in my bones.
The dollar is blowing up.
Fed is tightening (so far) They may reverse course and print infinity but that would cause a currency crisis which in my opinion would be wayyyy WORSE.
Crypto and other momentum assets are dropping like stones.
Cannabis stocks are ironically up. (which I think of as a recessionary signal, similar to cigarettes or alcohol stocks going up during bad times.)
We haven't had a 10% since Oct 2020 which is only 10 because I rounded up...
The DJI has produced an average gain of +50% per year over the last 2 years sine the massive monetary and fiscal stimulus. What is the average gain per year? How far will we need to fall to get back to the median line...?
I think this is the big one. To be honest I thought Mar 2020 was too, but that was just the warning signal. And that huge red arrow there is not the end of it... if this debt bubble is indeed bursting then one would assume that all of the progress because of said debt bubble should be erased more or less. So....at LEAST the last 12 years Hahaha! oh...it hurts...
But yeah. This is what I see. What do you see?
US30 LongHey traders, in this week we are monitoring US30 for a buying opportunity around 35300 zone. Once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
US30 scalpingHi Traders, i'm monitoring today a short term long idea in us30 at 35488 zone, once i will notice any bullish confirmation i will execute the trade.
Attention:
always remember to use proper risk management especially with the indices since their movements are too fast and it's easy for the indices to marginate your account if you're not cautious about your money management plan.
Take care and trade safe.
Joe
Dow Jones Industrial - Comparision to The Great Depression First time using tradingview for stock market and the first thing I saw was this. I had an idea to compare the charts from today's time and from the great depression. I am very noob at TA but I am starting to learn and understand basic principles and from what I've read, isn't the RSI one of the best indicators?
I mean... we have some big "news" in the world today that wasn't very welcomed and maybe the crash from March 2020 was just a sign of what is about to happen?
DJI - PLACE YOUR BETS ON THIS TRADE - CryptoManiac101DJI / USD TA
Here we have quick summary of what DJI looks in short term. We are at strong resistance line from which we did see strong rejections twice, however in a Fed Manipulated market it means nothing, hence why we are skeptical to call short term heading although it would appear highly bearish to any experienced trader.
With companies filing for bankruptcies, banks increasing requirements for loans and new credit card applications.
We also have seen immense correlation between crypto and stocks and it does seem that this time crypto took the lead with Bitcoin resuming it's fall, possibly signaling similar move to come for stock market this to next week.