DJI Potential for Bearish Momentum | 22nd September 2022On the H4, DJI is on a strong bearish trend . We are looking for a immediate sell entry at 30127.85 where the 100% Fibonacci line and previous swing low are. Take profit will be at 27681.24 where the 161.8% Fibonacci extension line and -27.2% Fibonacci expansion is. Stop loss will be at 32504.04 where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DOW
US30Manually closed as this is going to be interesting but I'm watching for the close of the next two candles to determine what my next move should be.
DOW on the final countdown 🦐DOW on the daily chart is trading below a weekly structure over a daily support.
The market is waiting for today's news and some volatility can be seen.
How can i approach this scenario?
I will wait for a retracement to the upside and if the market will provide us a sign of inversion i will look for a short entry according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Stocks Brace for the FOMCThe small rally we saw in stocks yesterday was quickly batted down. We managed to make a run for 3909, which was our target and lower bound of some congestion from earlier this month. However, we promptly rejected that level, as anticipated, and immediately sought support again at lows just above 3825. The markets, usually quiet before an FOMC, reacted out of one last burst of fear for the impending meeting today at 2PM EST. It is expected that we will get yet another 75 bps rate hike, with some saying it could be as high as 100 bps. After this, it is likely that we see a relief rally that could test the 3900's again, with 4009 being the ultimate target for a rally. If we sell off again then we should have support at the base of the 3800's.
DJI Potential for Bearish Momentum | 21st September 2022On the H4, ETHUSD is on a strong bearish trend. We are looking for a pullback sell entry at 31488.71 where the 50% Fibonacci line is. Take profit will be at 29833.47 where the previous low is. Stop loss will be at 32504.04 where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI Potential For Bearish ContinuationOn H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may retrace back up to the 50% Fibonacci line and then drop from the sell entry at 31490.75, to the take profit at 29891.63, where the swing low is. Alternatively, the price may rise to the stop loss at 32504.04, where the swing high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long US Stocks After FOMCExpected Dump to new lows tomorrow evening after FOMC announcement, throw some limits down below to seize the opportunity. A lot of people claim a recession and what not is coming however we have been in one for about 3 years now. My view is that it is over and things are stabilizing.
Of course there are legitimate reason for while people have these recession views. I must say though I predicted the first run up from 29k in the middle of June 2022. The market didn't have enough steam to get back to 35k. I think these longs will be good. My assumption is that the market makers are taking out the people who were too greedy and didn't take profits a month ago. Reload and go again, take your best shot. I see Markets making new highs in January.
US30I honestly thought this would trigger tomorrow but bottoms up right. Either way move SL into profit if you are going to sleep or close with your current profit. Riders and chancers will let it either hit SL or TP, (NOT RECOMMENDED, THAT THING ABOUT TIME AND BROKERS)
Stocks Pivot, Await FOMCStocks caught a nice pivot from lows just above our level at 3827. We saw some volume come through and were able to break past a relative low at 3887. Currently a bit of a retracement is taking us below that level again. We won't expect much action from the markets before the FOMC, so current levels are likely to hold. Watch for support at 3827 again, and resistance somewhere around 3909 or 3928 if we can make it that far.
DOW JONES The dominant short-term Channel. What it shows next.The Dow Jones Industrial Average (DJI) is currently pulling-back as yesterday's rebound has failed so far to break the Channel's median. That is the Channel Down, the dominant pattern, that the index has been trading in since the August 16 High. As you see that middle trend-line has been holding a key role within this pattern.
The current price action resembles the accumulation mini phase of September 02 - 07, where the price was supported on a Lower Lows line that eventually pushed it above the 4H MA50 (blue trend-line) and the Channel's middle, to rise to the top of the Channel, eventually getting rejected on the 4H MA200 (orange trend-line).
With the 4H MACD on a Bullish Cross, we are expecting Dow to reach 31700 and make a new Lower High within the Channel Down within a 1 week horizon.
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DJI Potential For Bearish ContinuationOn H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the sell entry at 31040.44, which is in line with the swing low and 78.6% fibonacci retracement to the take profit at 30143.93, where the swing low is. Alternatively, the price may rise to the stop loss at 31581.28, where the swing highs and 23.6% fibonacci retracement are.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bearish Momentum | 20th September 2022On the H4, DJI is on a strong bearish trend. We are looking for a pullback buy entry at 31527.06 where the 50% Fibonacci extension is. Take profit will be at 30143.93 where the 100% projection line is. Stop loss will be at 32504.04 where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Stocks Brace for Fed Rate HikeStocks are edging lower yet again, as investors price in a potentially historic rate hike. In order to combat the highest inflation we have seen in 40 years, most agree that we are looking at a 75 bps rate hike , but some suggest it could be as high as 100 bps . However, multiple indicators suggest we are in the thicket of a recession, and after this rate hike, they are likely to pivot to a more dovish stance, with maybe one more rate hike in the tank before they're forced to start cutting again. The S&P has edged lower and dow futures have plunged more than 200 points as the market brace for the tightening. The S&P is testing 3848, and the Kovach OBV is still bearish. We do appear to be seeing some support here confirmed by green triangles on the KRI. If we can pivot, 3909 will be the next target, but we don't anticipate to break that any time soon. If we fall further, we should expect support at the base of the 3800's.
DJI Potential Bearish Momentum | 19th September 2022On H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may potentially go back up for the sell entry at 31048.46, which is in line with the swing low and 78.6% Fibonacci retracement to the take profit at 30166.01, where the swing low is. Alternatively, the price may rise to the stop loss at 31808.31, where the 23.6% Fibonacci retracement is.
Please be advised that the information presented on Trading View is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for bearish momentum | 19th September 2022On the H4, DJI is on a strong downward trend. Looking for a pullback sell entry at 31525.04 where the 100% Fibonacci projection retracement line is with the take profit at 30143.93 where the previous swing low and 100% projection is at. Stop loss will be at 32504.04 where the swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
US30 : Intraweek Technical AnalysisLast week I was looking for short positions in US30 and I was expecting US30 to test its supports of 31000 and went all the way to 30500 extending its downtrend below the previous low of 31000. The US30 took support from a very strong support point where a lot of upper channel trendlines are passing . this level of 31000 is very crucial for the bull to maintain otherwise we might see the downward extension for another 1000 points to 29700. Currently the 21MA is above 50MA which is going to test the 50MA at 50% fib level on daily time frame. I am expecting a pull back to 32000 in coming week before interest rate announcement due on 21st of September after which the US30 will decide its next course for three months. My idea is that US interest rate will be in line with the market expectations. I am targeting 32000 and 31500 for coming week , with entries at 31000 and 30000 in case the downtrend persists before interest rate announcement for the first three days of the week.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
Dow Jones Index (US30): Bearish Outlook For Next Week 📈
Hey traders,
Since the middle of August, Dow Jones is trading in a minor bearish trend.
The price keeps setting new lower lows and lower highs.
This week, the price set a new lower low lower close again.
I believe that it will push the price lower.
Next support on focus - 30400
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
US30USD YM1! DOW 2022 SEP 19 Week
US30USD YM1! DOW 2022 SEP 19 Week
After trapping longs, market declined aggressively. Temporary
demand on average volume has returned, which could be a way of
absorbing any long positions still present in the market.
Possible scenarios:
1) Long if 30406 / 30636 is supported
2) Short on rejection of 31385 / 31042 / trend channel rejection
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32789 31793 31385
31042 30636 30406
Weekly: Higher vol & wider spread than previous bar, close off low
(ave vol on bar itself) = demand coming in
Daily: Ave vol down bar close toward high = Demand overcoming supply
H3: Ultra high vol bar + ave vol up bars = Demand has returned
Remember to like and follow if you find this useful.
Have a profitable week ahead.
What to Expect with Stocks?Stocks got slammed yesterday after retail sales suggested several areas of the economy are being hurt by inflation. The Fed is still expected to hike rates, and some fear that this will tip us deeper into a recession. Stocks closed lower, extending the worst selloff in over two years. We broke support here at 3887, and appear to be testing 3867, but a green triangle on the KRI appears to be suggesting we are finding support here. The Kovach OBV has taken a sharp dive, and does not appear to be showing many signs of picking up. If we are able to pivot, we will have several levels to break through in the 3900's before we can consider the 4K's again.
DJI Potential For Bearish ContinuationOn H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the sell entry at 31048.46, which is in line with the swing low and 78.6% Fibonacci retracement to the take profit at 30166.01, where the swing low is. Alternatively, the price may rise to the stop loss at 31808.31, where the 23.6% Fibonacci retracement is.
Please be advised that the information presented on Trading View is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential Bearish Momentum | 16th September 2022On the H4, DJI is on a strong downward trend. Looking for a pullback sell entry at 31604.49 where the 61.8% Fibonacci retracement line is with the take profit at 30143.93 where the previous swing low and 100% projection is at. Stop loss will be at 32504.04 where the swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
US30, are sellers getting ready to test 30,550? In today’s video, we are looking at the US30. We start with a longer-term view and move down to the short term. Overall, the market continues to trade in a corrective phase that could be called a bear market.
The issue we see here was the last relief rally that broke the downtrend. While it did upset the pattern of the downtrend, sellers now look to have broken that trend, and Tuesday’s session could be a bit more than an exhaustion bar as sellers so far today have made a new LL maintaining a normal pattern of trend.
After yesterday’s latest move lower, could we be set to see 30,550 retested by sellers? That could become an important point if buyers can hold it. We will then look to see if a new LH and retest of the area could re-confirmed. Otherwise, a new break could set up a new move that could test the 30,000 area.
A lot will depend on the current inflation outlook guided by future data and the Fed. Interesting times. We love hearing from you, so please drop us a comment on your thoughts.
Enjoy your Friday and good trading.