US30 D1 - Sell zone from 35,000US30 H8
We indicated the 34000 sell zone yesterday, and we have since seen a tame 1.5R from this area. Speaking with a few followers, this is something they've capitalised on. That being said, the concern for DXY downside throws a spanner in the works, and the chances of US30 pushing towards 35000 is becoming more and more.
35000 is certainly a preferred sell zone, psychological price, D1 resistance and supply, 2 previous tests. Also, this would tie in with US100 15500 target pace too.
Dowjones
DOW JONES On the verge of a new bullish break out.Dow Jones is testing the MA200 (4h) today, after holding the MA50 (4h), extending the rebound that was generated at the bottom of the Channel Up.
This is so far replicating to a good extend, the March 15th rebound-bullish leg.
Trading Plan:
1. Buy on the MA200 (4h) break out.
Targets:
1. 34850 (Falling Resistance).
Tips:
1. The MACD On the (1d) time frame is past a strong Buy Cross, much like March 22nd. It shows that we are on the same level as when that bullish leg tested the MA200 (4h).
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Notes:
Past trading plan:
Head & Shoulders Bottom in Dow Jones Futures?Dow Jones index futures has completed head & shoulders bottom formation and is exhibiting a breakout from the resistance zone on the 4h time frame. If the breakout is successful, we can expect the price to hit the previous support/resistance zone of 34800.
DOW Elliott Wave Analysis for Monday 16/10/2023 (+ Higher TF)The primary expectation is that wave ((c)) of wave 2 is finished. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse. If we do not get the additional swing up, we probably take out the low as an impulsive fifth wave down.
DOW JONES is in an expansion Cycle and people still shorting it!Dow Jones on the 3M chart gives you the clearest picture you can get.
Every 10-15 years it consolidates inside a Megaphone (fundamental reasons like war, recession etc) and then an expansion phase follows.
In the 90s this expansion phase was extended due to the uprecedented boom of Dotcom.
While the index is on its expansion phase, the RSI trades inside a Falling Wedge, which warns of the loss in bullish strength and eventually leads to the new Megaphone.
Right now it is obvious that we are in an expansion phase. Needless to say it will last for as long as the MA50 holds.
The real question is will it be short like in the 1950s or extended like in mid 1980s-90s?
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SPX500 - New Breakout 📈Hi Traders !
On The Daily Time Frame, The SPX500 Price Reached A Strong Support Level (4205.00 - 4155.00)
Currently, The Price Failed To Create a New Lower Low.
The Last Lower High is Broken.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 4428.00🎯
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DOW Elliott Wave Analysis for Friday 13/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
DOW Elliott Wave Analysis for Thursday 12/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
DOW JONES May be starting a new Bull rally under our nose..Dow Jones (DJI) is printing on its RSI on the 1W time-frame an astonishingly symmetric Higher Lows pattern as 2015/ 2016. As with today, the price was within a Rising Wedge at the time, making a fake-out bearish break but still was emphatically supported by the lower Bollinger. In fact the Bollinger Bands have been instrumental in containing the price action.
It we are indeed (based on the 1W RSI) on a bottom similar to October 31 2016, then a very aggressive Bull rally is about to begin. And as always the majority isn't taking notice.
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DOW JONES Small pull back on the cards.Dow Jones hit the 1day MA200 yesterday and failed to close over it.
As a result, the price got rejected and started pulling back today.
Based on the 1day RSI, we could be in a minor corrective candle similar to March 22nd, which found Support between the 0.618-0.786 Fibonacci range.
Buy on the 0.618 Fibonacci and target 35000 (Resistance A).
Previous chart:
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US30 - Weekly Timeframe Analysis (ICT)The end of the week will show if we have bottomed here, but I have 2 areas of interest:
Where we are already in this weekly Sibi to either give up the ghost and drop lower, or go into the 2-week Sibi and then either break down or continue up and then find it as support soon after to proceed higher. Gut instincts and based on my sentiment for the USD is that we are going lower after hitting that 2-week Sibi, down to the weekly Bisi at least. There was already a break in the intermediate structure and MMSM. Seasonally November sees the USD rally as well.
DOW JONES: This is only the beginning of the recovery.Dow Jones touched yesterday the 1D MA100 and with it turned the 1D technical outlook neutral (RSI = 47.338, MACD = -251.570, ADX = 41.460). As presented last time (see idea link at the bottom) the rebound level was the bottom of the Channel Up and now that is confirmed as the 1D MACD formed a Bullish Cross.
Much like the bearish wave of February-March, the 1D MA50-100 Bearish Cross signifies the bottom and the beginning of a new long term rally. Since the drop has been remarkably similar (both -6.46%) it is possible that the rise will be proportional too (+7.18%). This will be a little over the R1 level (TP = 35,100).
Prior idea:
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Hellena | DJI (4H): Long to 38.2% Fibonacci level 33888.Dear colleagues, I believe that wave 4 is complete. I expect that wave 5 will go minimum to 38.2% Fibonacci level 33888. Updating the minimum and reaching the Invalidation level will mean canceling the scenario, because wave 4 cannot update the minimum of wave 2.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
DOW Elliott Wave Analysis for Wednesday 11/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
#DOW (US30) to the upside----------US30 LONG----------
I went long on US30 index just now after today's corrective move. Last Friday market started restructuring and stopped risk-off behaviour a.k.a. buying dollar, selling equities, etc. This means there is a chance to go against dollar and to buy stocks, indices in these days. Even if this won't be a reversal on the main trends I still think for a few days or weeks we can see risk-on actions from market participants. Now selling equities and buying dollar are not an option for me.
This is not a financial advice, do your own research and analysis.
DOW JONES has considerable upside potential targeting 34850.Dow Jones touched the MA200 (1d) today after bouncing off the bottom of the Channel Up.
This is a standard V shaped reversal, much like the one in March.
Trading Plan:
1. Buy on the next MA200 (1d) break out.
Targets:
1. 34850 (Falling Resistance contact in similar fashion with April 14th).
Tips:
1. When the RSI (1d) is rebounding after being oversold, which is what took place on the March 13th Low. The two patterns are identical, this is why we expect the same target symmetry as then.
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Notes:
Past trading plan:
US30 IDEASo far the overall movement of US30 is bearish.
Price might be heading to the HTF LH, meaning that the current bullish trend is because price is reaching for the HTF LH and until it breaks it then the overall bearish trend will be broken.
I'm trading the bull run on the LTFs.
Predicted movements:
wave 1, 2 and 3
US30 Dow Jones Technical Analysis and Trade IdeaWe are presently analysing the US30, which has recently reached a critical resistance level. In the video, we conduct a comprehensive analysis of the Dow Jones, delving into various aspects including the prevailing trend, support and resistance levels, market structure, and price action dynamics. As the video nears its conclusion, we carefully assess a prospective trading opportunity.
It is important to emphasise that our video provides a thorough explanation of all aspects discussed, and it should be noted that the content is provided for educational purposes only. This should not be interpreted as financial advice.
Dow Jones 10/10 MoveDow Jones - DJI
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and it has Breakout the Lower Trend Line , It will Complete its Retracement at Previous Strong Support or till its Lower Trend Line at Fibonacci Level - 61.80% / 78.60%
Entry Precautions :
Wait until it Rejects with Strong Bearish Price Action
DOW Elliott Wave Analysis for Tuesday 10/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
Longs squeeze before major moveIn the previous Dow Jones analysis I shared some weeks ago, I was expecting market to continue its bullish move more than what it did.
But since I bought near local low at that time, I was able to get out of that trade in profit.
The market then formed Triangle pattern and decided to go downhill from there which we have been seeing recently.
Last Friday, I was expecting market to go up upon the news in price territory of wave 1, then sweep the low before ultimately making its upward move. But instead it seems price went down a bit (not sweeping the low) then entered into price territory of wave 1 and today on market open, we can see a big gap.
Now it turns out, this is yet another good play done by market, trapping the longs with this big gap. I am expecting price to continue downside for now until we make a new low which would be our wave 5 of ending diagonals. From where the real upward move would start.
Waiting patiently for this scenario to play out. I am not gonna buy until the new low has not been formed.