US30 showing a short signal to 30,489M Formation formed on US 30 followed by a break in the neckline and then a rising flag formation which broke below.
MAs consolidating
RSI<50 test 200MA
America is showing conflicting signals as the price is currently consolidating followed by the confusion with the banking crises.
I guess price action is showing downside to come.
Target 30,489
Dowjoneshort
US30 (HIGH PROBABILITY SELL SETUP SOON) Here is a new update from our previous post on (US30 High Probability Sell Setup) on Friday Oct 20 / 2022, which didn't take place on that day or yesterday as investors this week remain laser focused on earnings from the biggest technology companies for further clues into the health of the U.S. economy, with the CB Consumer Confidence Index is released today at 3:00 pm (+01:00,BST), while the Dow Jones Industrial Average (US30) is struggling for a certain direction since yesterday, but here we can see clearly in our H1 time frame a clear divergence from the actual price action on the chart, we still got our EP (blue line) & our TP (golden line) from our previous post on October 20 / 2022,
Keep a close eye on US30 today,
Happy pip hunting traders.
DJIA (US30) losing Investor InterestI personally do not trade Dow Jones Industrial Average but it does not hurt me at all to guide people who do. Well, bad news guys, the picture on the popular index US30 does not look very appealing to the investors at the moment. FEDs are to blame for the vicious rate hike adventure that is drawing investors away from a very large investment pool such as US30.
Technical Perspectives:
1- We have come across an inverted head and shoulders pattern that encompasses nearly 2 years of consolidation and reversal dynamics
2- Darvas Box 1 consolidation exit that is pointing the trend back to pre-COVID levels
3- Blunt Rate Hikes from FEDs is drawing investors away
Counter-inflation measures are actually proving to be a double-edged sword. Not really an appealing picture to buy DJIA shares at the moment!
But considering that it has also presented a great opportunity to go short on US30, you can still make money off the fall. Therefore, trade safe, manage risk responsibly and happy trading :-)
US30 ShortHey traders, in today's trading session we are monitoring US30 for a selling opportunity around 30400 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Termination Wave - Alternate Power Count - GAME OVERIf your absolutely obsessed about waves like AriasWave is then you will enjoy this video.
In this unofficial alternate count I dive deep into the waves and come up with some interesting revelations.
This pattern is unusual and that's why I decided to find out what is going on using the AriasWave methodology.
The result is still the same. Still calling this a top but with a new type of ending pattern.
See the related idea below which was posted earlier.
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Dow Jones 1D-TIMEFRAME ANALYSIS 💡Dow Jones 1D-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for Dow Jones
My idea is that DOW will continue to downtrend
Targets
24800
23500
I hope my idea is clear
Support me by like and share
Good luck 💰💯
