US30: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2 ✅
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day ✅
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside ✅
Backside
4. THESIS:
Long: primary, first green day signal potentially is a sign of bullish move, I will be waiting for a 3 session setup dump and pump in the day itself, after all the news. All the trades will be taken after 10am NYT.
Short: secondary, although the signal day, I can't exclude a scalp setup back into the LOW, retesting the area for the main trade on tomorrow.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Indexes
S&P500 INDEX (US500): Important Bearish Signal
US500 was consolidating for quite a long period of time around
the level of a current all-time high and formed a range.
After the release of the yesterday's US fundamentals, the Index dropped
and formed a high momentum bearish candle.
A daily candle closed below a support of the range, confirming its violation.
We can expect a bearish continuation lower now.
Next support - 5432
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NASDAQ INDEX (US100): Pullback From Support
US100 may pull back from a key daily/intraday horizontal support.
As a confirmation, I spotted a double bottom formation on a 4H time frame
and a confirmed violation of its neckline.
The market may reach at least, 19755 level soon.
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Dollar Index (DXY): Time to Recover?!
Dollar Index reached a significant daily horizontal structure support.
Its test made a bearish rally stop.
The market formed an inverted head and shoulders pattern on an hourly time frame
and just broke its neckline, leaving a clear bullish clue.
The price may bounce at least to 100.89
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DJI 8/26~30 LONG Forecast
1D Chart / LONG
Technical Grounds
-NV > +250M
-TV Strong buy
-LinReg Pearson <0.95
-Pivots HL still Long-Green
-LinReg > 90 degrees (uptrend)
-Reverse Head & Shoulders Formation
-NV shows a declination trend of negative bars
-Price crossed up SMA100, SMA20 & LinReg Mid Line
-Price crossed up index resistance on past Aug 15th
-Price level far from cyclic ending point of Sep 13th
-POLITICAL FACTOR: Elections coming / +Media Influence
-Fed announcing interest rate cuts (as political influence in elections / investors mindset)
SHIBUSDT / LONG ....
Dow Jones Index (US30): New All Time High Soon?!
US30 may update the all time high soon.
The market closed, testing a major daily structure resistance
based on a current all time high.
A bullish breakout of the underlined blue area will give us a strong bullish signal.
A bullish continuation will be expected at least to 42000.
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The NASDAQ index is gearing up for new high. H4 20.08.2024The NASDAQ index is gearing up for new high
NASDAQ index made a major segment overlap up and the question is if they are going to give a pullback before continuing the growth. Along the way they formed 2 important buy zones, but there is no culmination at the top. I expect a pullback down to the zones and then buying. Most likely we will push from the nearest zone 18920-19200 and then rise to test the high near 21000. Also, just in case I have specified the far zone of buyers 18400-18670, but it is unlikely that we will reach there.
Dollar Index (DXY): Your Trading Plan Explained
Dollar Index formed a descending triangle formation on a daily.
Trading in a bearish trend, this pattern signifies a bearish accumulation.
Look for a bearish breakout of a neckline of the pattern next week.
Daily candle close below 101.9 will confirm a violation.
A bearish continuation will be expected to 101.0 level then.
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Dollar Index (DXY): Support & Resistance Analysis
Here is my latest structure analysis and important
key levels to pay close attention to on Dollar Index.
Resistance 1: 103.25 - 103.70 area
Resistance 2: 103.85 - 104.15 area
Resistance 3: 104.57 - 104.87 area
Resistance 4: 105.12 - 105.49 area
Resistance 5: 106.05 - 106.13 area
Support 1: 102.16 - 102.57 area
Consider these structures for pullback/breakout trading.
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Dow Jones Index (US30): Detailed Support and Resistance Analysis
Here is my latest structure analysis
and important key support and resistance levels to pay close attention to.
Vertical Structures
Vertical Resistance 1: Rising trend line
Horizontal Structures
Support 1: 38250 - 38550 area
Support 2: 38015 - 38105 area
Resistance 1: 39500 - 39700 area
Resistance 2: 39800 - 39960 area
Resistance 3: 40900 - 41415 area
Consider these structures for pullback/breakout trading.
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Dow Jones Index (#US30): Your Trading Plan Explained
Dow Jones is currently stuck on a key daily/intraday horizontal resistance.
The price is trading within a narrow range on that on a 4H time frame.
Your confirmation to sell the Index will be a bearish breakout of the support of the range.
A 4H candle close below 39325 will confirm the violation.
A bearish continuation will be expected to 38890 then.
Alternatively, a bullish breakout of the underlined blue resistance
will push the market higher.
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Dow Jones Index (US30): One More Bearish Setup
I also see a bearish trend following setup on Dow Jones.
After yesterday's selloff, the market started a correctional movement.
On an hourly time frame, the market found a resistance around 39100 level
and formed a double top on that.
I think that the Index may drop at least to 38655 level.
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DOW JONES INDEX (US30): Oversold Market & Pullback
I think that Dow Jones may pullback on Monday.
The Index became heavily oversold after the release
of US unemployment data on Friday.
The price formed a double bottom pattern on an hourly time frame
and violated its neckline.
I suppose that the price may bounce to 39800
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Dollar Index (DXY): Bearish After The News
The today's fundamentals are very bearish for Dollar.
I think that a bearish rally will continue and a breakout
of a key daily horizontal structure support is valid.
We can expect a bearish movement to 103.7
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Dow Jones Index (US30): Intraday Bullish Signal?!
Update for the yesterday's setup on US30.
Earlier, we spotted a confirmed breakout of a key daily resistance.
After that, the market retested the broken structure and started to
consolidate within a narrow range on a 4H time frame.
The resistance of the range was broken this morning.
It is a strong intraday bullish signal.
Growth may continue to 21250
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Dollar Index (DXY): Bearish Trend Will Continue
Dollar Index is trading in a bearish trend on a daily.
After the market set a new lower low lower close earlier this week,
it started a correctional movement.
Ahead, I see a solid resistance cluster.
Probabilities will be high that the price will drop from the underlined
area at least to 103.75 level.
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DOW JONES INDEX (US30): Bullish Trend Continues
US30 index updated the ATH this week.
The market managed to violate a resistance level
based on the last higher high and close above that.
The Index has a nice potential to go higher.
Next resistance - 40800
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NASDAQ INDEX (US100): Bullish Rally Continues
I see one more bullish pattern on US100 index.
This time it is the ascending triangle formation.
The price successfully violated its neckline and closed above that.
It is a strong bullish trend-following pattern.
With a high probability, growth will continue.
Next resistance - 20500
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Dollar Index (DXY): Bullish Trend Continuation Pattern
I see a nice bullish pattern on an hourly time frame on Dollar Index.
After the price set a new higher high, the market started a correctional
movement within the expanding channel.
Such a channel is called a bullish flag pattern.
Bullish breakout of the resistance of the flag is a strong bullish
trend-following signal that indicates the strength of the buyers.
With a high probability, the market will keep growing.
Next resistance - 106.25
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Dollar Index (DXY): Bullish Trend Continues
Dollar Index set a new local higher high higher close
on a daily time frame yesterday, violating a key daily horizontal resistance.
With a high probability, the broken structure and a rising trend line
compose a demand zone now.
The market will most likely keep growing.
Next resistance - 106.3
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