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.
Dowjones
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.
US30 Dow JonesPair : US30 Dow Jones
Description :
Double Top in Short Time Frame
Completed " 12345 " Impulsive Waves
Fibonacci Level - 261.2%
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
XAUUSD GOLD - 4HRSimple trading - "M" Pattern
Massive Sell-off incoming
This is by far the easiest pattern to spot. Do NOT follow the trend anymore. Respect the pattern. A retest to 2340 with rejection is a clear sign of new resistance.
If Gold can manage to break above 2345, then look to continue buying.
The two entries I'll be looking for are SELLS at 2340 with a 50pip stop (if the market continues to buy) and at 2315 after the break.
See the previous chart for more details
Dow and Russell could extend lowerDow and Rusell2k have rallied back and may be finding seller supply at current levels. If prices go lower and fail to hold recent support, then an extension of the down move could be in play.
The majority of the gains stocks have been from the ai and magnificent 7 stocks (nvidia, amazon, tesla, microsoft, apple, google, meta). These stacks are a larger percentage of the sp500 and nasdaq than the dow and russell. The rest of the economy may not be fairing as well as the implied moves of the magnificent 7 which is attracting all the momentum money.
Higher rates affecting funding costs would hit industrials in the dow and the small businesses more in the russell2k.
⭐️ EUR/USD - Bulls are coming back ? (READ THE CAPTION)By checking the #euro_dollar chart in the 2-hour time frame, we can see that exactly as we expected, the price entered the desired demand range and started to grow from the same zone, and with more than 70 pips of yield, it was able to grow above 1.069! I still believe that by maintaining the support of the 1.064 range, the price can penetrate to higher levels and we will see the price reaching higher targets!
the main idea :
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
DOW JONES Attention! These are currently the key levels to know!Following a successful sell signal at the top of the long-term Channel Up (March 28, see chart below), Dow Jones (DJI) is staging its first attempt to resume the bullish trend:
Observing past behavior in similar circumstances often helps at making such projections, so we placed Dow's previous correction in August 2023 (right chart) next to today's. The key levels when the index made a similar attempt to regain the long-term bullish trend as the 4H MA200 (orange trend-line) and the 0.618 Fibonacci.
As you can see on August 31 it marginally broke above both but failed to close a single 4H candle above them and was subsequently rejected back to the 0.236 Fib. A 4H MACD Bearish Cross took place exactly on that candle's rejection.
As a result, we will only buy the break-out if Dow closes a 4H candle above the current 0.618 Fib (38950) in which case we will target the 40000 High. Until then we will sell even the slightest 4H MA200 rejection and target 37900 (Fib 0.236). We can already see a 4H MACD Bearish Cross emerging. The risk either way is low.
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DOW JONES: Pattern worked like beauty. Technical rebound.Dow quickly turned neutral again on its 1D technical outlook (RSI = 49.651, MACD = -238.11, ADX = 37.915) not staying for long on its previous bearish state as after hitting our TP = 37,300 it rebounded emphatically and is about to test the 1D MA50. The pattern was the same as the prior corrections inside the Channel Up: pullback to the 0.382 and -6.95% in particular like on December 20th 2022. Now the price should at least retrace to the 0.786 Fib on this bounce. Long TP = 39,350.
See how our prior idea has worked out:
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US30 Intra-Week Analysis April 23rd 2024After creating a double top at All-Time-Highs, us30 began a steady bearish correction back to the 37200 key level. Then rejecting and still maintaining the overall bearish market structure on higher timeframes. Now looking on the daily timeframe we see a strong hammer head candle formation after rejecting 37200, indicating a reversal and potential bullish move. This week if we fail to see price close above 38600 we can expect a slight pullback to 38000 before looking for continued buys.
The idea of a bullish scenario! Think about structureEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
The bearish scenario of any corrective pattern and trend continuation
Hellena | DJI (4H): Long to the resistance area of 38458.Dear colleagues, I believe that wave "4" is not yet completed. To complete it, it is necessary to complete the double zig-zag. I expect that the movement "c" will end in the area of 37350, then I expect growth and the beginning of wave "5" with the goal to reach at least the resistance area of 38458. Be careful, perhaps wave "c" will be a bit shorter and it will mean that the upward movement will start earlier.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!