Dow Jones H4 | Bullish momentum to extendDow Jones (US30) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 39,377.26 which is a pullback support.
Stop loss is at 38,900.00 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement level.
Take profit is at 39,768.82 which is a pullback resistance.
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Dowjones
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
Dow Jones: Analyzing Technical Signals and Market DynamicsThe Dow Jones Industrial Average has recently surpassed the 39273 level, breaching the 61.8% Fibonacci retracement threshold, yet remaining below the 78.6% mark. Currently, the price has encountered a Bearish Order Block in a higher timeframe, suggesting the potential for a reversal, particularly given the overbought conditions signaled by both the stochastic indicator and RSI.
Our analysis indicates an opportunity to capitalize on a potential retracement to the previous support area around 38600, presenting an attractive risk-reward scenario.
The convergence of these technical indicators provides a compelling insight into the prevailing market dynamics. There is a growing body of evidence pointing towards a shift in sentiment, with indications of a nascent bearish trend emerging. This assessment is further bolstered by the prospect of the price embarking on a fresh downward trajectory, possibly within the confines of a bearish channel.
In light of these observations, our strategy is geared towards anticipating sustained downward pressure on the price. We remain vigilant for signals that could signify a renewed downturn in the market, underscoring the enduring presence of bearish sentiment in the short term.
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
Hellena | DJI (4H): Long to the resistance area 39156.49.Dear Colleagues, I suppose that the price has started the wave "5" of the higher order. At the moment I expect a correction in wave "2" of lower order, then I expect the beginning of wave "3" with the aim to reach the resistance area 39156.49.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
US30 - Short Signal US30 H4
We fell marginally short of seeing this price trigger yesterday as we approached the underside of our key sell zone. US stock market open may provide the volume and entry point to see and commit to shorts from that 39k price.
Nice confluence zone offering that whole/psychological number, H4 supply and resistance.
⭐️ EUR/USD : Navigating Supply and Demand Shifts (Going Higher?)By checking the EURUSD chart, we can see that after entering the important demand range of 1.068, the price was accompanied by buying pressure and was able to increase by 130 pips to 1.08120 and fill about 50% of its old FVG! The price is currently trading in the range of 1.077 and I still expect the price to grow to higher levels such as 1.08130, 1.08470 and 1.08570!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
⭐️ Nasdaq’s Dip & Bounce : Bull or Bear ? (READ THE CAPTION)By checking the #NASDAQ Indext Chart in the 4-hour time frame, we see that the price is close to an important supply range (18085 to 18175 and 18250 to 18340) and we will probably see a drop of #NAS100 soon, The possible targets of this drop will be 17940, 17780 and 17670 respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
There is a possibility of reducing risk takingThere is a possibility of risk reduction in stock indices including Dow Jones
By examining the trend in the four-hour time frame, the Dow Jones index is approaching the resistance range of the ceiling of the ascending channel in the range of 39154-39070, and therefore, this scenario is strengthened, provided that no close candle time is recorded. For four hours above the mentioned resistance interval, the price will decrease until the support interval of the bottom of the channel in the range of 38262-38157.
US30For now it is to watch and let effect take as to what will happen. We don't predict the market but we forecast from signs of the market and we build ideas on that, then according to our plans we set out to make the most we can.
Hear we have different highs and probably why the sell off has not began. But we know that we are in a correction of a bearish leg. This gives perspective on to the longer term view and what to expect long term.
39035 - 39040 is our target and what price does here will explain what we do next.
DOW JONES Broke above its 1D MA50. Is it bullish finally?Dow Jones (DJI) broke on Friday above its 1D MA50 (blue trend-line) for the first time since April 10 and even though it failed to close above it, today has already established the price action above it. This is a strong first bullish signal but isn't enough by itself.
Even though the 1D RSI has already turned its MA from Resistance to Support, we need to see a 1D candle closing above the 0.618 Fibonacci retracement level, as we pointed out in previous analyses. If that happens, we will turn bullish again, targeting the 40000 High. Until then, having low risk on this strategy being so close to the invalidation level, we are bearish and targeting 37900 (the 0.236 Fibonacci level).
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Dow Jones Index (US30): Bullish Rally Begins?!
Dow Jones formed a huge double bottom pattern on a daily,
after a quite extended correctional movement from all-time high.
The price turned very bullish on Friday after the release of US fundamentals.
The Index broke a solid horizontal resistance.
The market may start a bullish rally now.
Target - 39000
❤️Please, support my work with like, thank you!❤️
NASDAQ - Daily ready to fall?The NASDAQ has ascended for a second leg and is now poised for a potential deep pullback to test the support zone. This support area aligns with a key weekly level that typically needs to be retested before the index can mount a continued rise. You should keep a close eye on this trend, as it could present a significant opportunity in the coming period.
Dow Jones Index (US30): Important Breakout
Dow Jones formed a huge double bottom pattern on a daily,
after a quite extended correctional movement from all-time high.
The price turned very bullish on Friday and broke a solid horizontal resistance.
The market may start recovering now.
Target - 39000
❤️Please, support my work with like, thank you!❤️
GLOBAL ECONOMY - FORECAST Hello there dear traders,
this is a quick update on DJI.
I just noticed a bullish divergence on the daily RSI (Relative strength of the market) which could lead a bounce back towards all-time high, which we just hit a few weeks ago.
Since Corona caused problems to the markets (more likely a bloodbath), people are panicking and overselling their holdings. The most absurd stuff was the shrinking of Anheuser-Busch stock, which is the owner of Corona-Beer, a beer and beverage company, which notes massives losses due to the situation decreasing sales...
Anyway, in my opinion markets are oversold right now and there is a chance we might see a bounce back up to
<<<28600!>>>
RSI looking good and news are still bearish- for me time to fill my bags! If you are interested in what I buy, make sure to ask in the comment section for a specific stock or index, I will tell you my opinion/create a chart for that!
If it works out and we come close to the previous all-time high, we will possibly retest this low as of today and at that point we will compare to RSI again and decide what to do!
<<<<23100>>>>
Note:
If we make lower lows and the strength of the DJI lowers as well, trades are canceled!
US30 / DJ30 MONEY MAKING HEIST PLANDear Indices Robbers/Traders,
This is our master plan to Heist US30 Market based on Thief Trading style Analysis. I have two plans to heist this market please look at the chart I have mentioned in our heist plan whether Bull or Bear. My dear Robbers U can enter at the Neutral area after the confirmation of market condition, Our target is Red Zone for Bull Trend and Green zone for Bear Trend Be careful and Be rich. Loot and escape on the target 🎯 Please Look at the plan carefully before enter to Rob the money making.
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US30's Price Retracement and Fibonacci ConfluenceExecuting a Scalping Position on US30, the price initially reached 38570 before experiencing its first retracement. Currently, the price is undergoing a pullback at the 61.8% Fibonacci level, coinciding with a Bearish order block. Our focus lies on anticipating a rejection of this zone and identifying a new CD Leg Fibonacci extension.
US30This and NAS100 have a similar path not the same.
WEEKLY
40000, the highest price it has peaked at. When it peaks it then drops and goes to fetch support from a previously strong support level. NFP is where we will get our volatility.
DAILY
We were in an impulsive phase, because we know that the trend is bullish. Just stuck in the ascending channel. 36000 looks like the assumption price, but we need to remember the assumption price is not a strong clue to add to our evidence file.
4H
I am seeing a bear flag, which should touch 38700 before collapsing, where we can get in with a risk entry or keep waiting till a reduced risk entry. Let's let price develop before we act and do anything.
1H
Just stay watching and waiting.
Dowjones is attempting to break a supportHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38150 zone, US30 is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below the 38150 support we will be looking for a potential retrace of the trend towards more lows.
Trade safe, Joe.
Dowjones is approaching an important resistanceHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38470 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 38470 support and resistance area.
Trade safe, Joe.