Bullish bounce off 23.6% Fibonacci support?Dow Jones (US30) is falling towards the pivot and could potentially bounce to the 1st resistance.
Pivot: 38563.21
1st Support: 37878.01
1st Resistance: 39310.22
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US30
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
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NFP in a NUTSHELL - 3 May 2024Hi Friends,
I think price will attempt to go high then drop after NFP news release.
Am not sure what the number would look like but looking at my chart, you may quite agree with me.
Pips move could be more than 600 pips🚀
This is a mere speculation. Kindly trade according to the outcome of your analysis.
Apply risk management!
Gold in sellHi Everyone..
in 1hr we got head and shoulder
so we place a entry in right shoulder top and also its near 50% fibo in 4hr..
but we doesn't get day sell confirmation may this current swing confirms the day sell...
we got the day then this H&D will be SWING Entry...
already price took our entry...FLOLLOW THE CHART...
i will update the future setup in comments...
May 2nd 2024 US30 Bearish Bias I was up early this morning, approached the chart with a clear mind, and awesome energy. As I type this, I know I grow thirsty for water slightly, but anyways, I have a bearish idea for US30. Price is above an OLD weekly low, so above old lows, especially on a higher timeframe, shows indication of being in a deep premium. Also, on the weekly, price has tapped into a FVG and rejected slightly heavily, and the previous day has given a sell opportunity based off of the daily key level of consequence encroachment wick that was formed on the previous FOMC DAY. Thinking like a bank that has recently formed a high and taken previous highs between 2:00pm-2:30pm, I would take most of my profits back to the original news low that I formed.
US30's Bearish Outlook Amid FOMC AftermathAfter the conclusion of yesterday's FOMC meeting, the US30 index initially experienced a bullish surge, only to retrace back to its pre-announcement levels shortly thereafter. Within this movement, a notable observation was the emergence of a Fibonacci Volume Gap (FVG) area, particularly evident around the 50% retracement level of the preceding bullish impulse. This phenomenon suggests a potential reversal point, indicating that the price might pivot towards a new bearish impulse.
As we anticipate a potential continuation of bearish momentum, our analysis incorporates various factors, including structural patterns and key technical indicators. While indicators like the Relative Strength Index (RSI) offer additional confirmation, our primary emphasis remains on comprehensive price action analysis to guide our trading decisions.
US30 Pushing UpUS30 has been in a area of consolidation for the past week and a half after having a large sell off for the previous two weeks.
Technical : On US30 we're seeing the 3 EMA cross the 10 EMA upwards while at the same time the Stochastic is pointing up while crossing the 50%-80% mark. Price action is also making its way to the upper Trendline which has 3 previous touches, possibly setting up for a break out. It is KEY to wait for the candle to close when getting a cross over of the EMAs and Stochastic because its always possible that it just bounces instead of completing the cross over.
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 Daytrade Idea (Test)On the idea that during sharp drops or gains, as long as its above/below 25% of the leading candle. A trade can be made to the next liquidity point. With a stoploss between 50-70%.
Market tends to extend in the direction closed the previous day and retrace highs/lows.
Since yesterday was deep red, we can expect some move back down to that area.
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.
DOW JONES Test of 4H MA200 imminent to decide the trend.Dow Jones (DJI) gave a solid short-term sell signal on the MACD Bearish Cross last time we analyzed it on the 4H time-frame (April 24, see chart below):
Similarly, it is flashing a strong buy signal now after the 0.236 Fibonacci rebound that keeps the price action above the 4H MA50 (blue trend-line), in similar fashion as September 14 2023. The 4H MACD even completed a Bullish Cross and the next sequence on that fractal is a 4H MA200 (orange trend-line) test. Our target is 38750.
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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.
BTCUSD - Bitcoin 1HR Simple trading - Head and shoulders
I do not need to say much, BTC has broken below the head and shoulders neck line.
SELL (entry6300)
I would usually wait for a break and retest, but it's the weekend and BTC could drop in a couple of hours. Or it may hold above 63000 until tomorrow.
USE STOPLOSS (63500)
GOLD IN BUY CORRCTION
BUY now@2325-2315
sl 2310
tp 2327
tp 2330
tp 2335
tp 2365
tp 2385
tp 2415
buy limit 2303-2295-2288(flip entry confrm)
Sl 2285
Tp 2305
Tp 2308
Tp 2313
Tp 2359
Tp 2392
Tp 2415
BUT
In chart
we got DAY High confrm(Using my Research)
DAY in 80% sell
swing entry
sell limit 2391
sl 2439
tp 2295
tp 2256
tp 2202
tp 2150
tp 2050
tp 1975
INTRADAY ENRTY
Sell limit 2389-2394(flip zone)
Sl 2402
Tp 2387
Tp 2384
Tp 2379
Tp 2280
Tp 2163
Tp 2050
Tp 1984
Sell limit 2409-2412(strong sell zone)
Sl 2419
Tp 2407
Tp 2404
Tp 2399
Tp 2280
Tp 2163
Tp 2050
Tp 1984
NOTES: EDUCATION PURPOSE ONLY