US30| Bears exhausted to push price lower. Expect reversal!Hello traders,
Let's examine the technical aspect of US30. In the beginning of June, we saw US30 dropping hard and eventually broke below the May 2022 low. Instead of bears keeping the momentum to the downside, the market corrected for about two weeks. Looking at the correction there are some details I spotted that may signal bears exhaustion. The market printed a lower low, another lower low and after that bears couldn't be able to push price lower, instead the market created a lower high which of course tells that bears lack sufficient strength to keep up with the momentum. This correction is a typical inverse head and shoulders pattern. I expect the market to rally to the upside with goal of 33000.
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Us30idea
US 30 on H1 chartUS 30 on H1 chart. This is my daily analysis. The price is currently challenge the resistance, if the bulls win we are to see a breakout but if bears are still strong at that level we will see the price moving down.
us30 targetsfirst target 28662 second target 27662 at us30. have divergence at 2h chart, so 1st target must be reached even the previouse divergence (hidden) must push back the index to second target level.
US30 30 min breaks June 22 Follow the 30 minute breaks of support and resistance , this is a scalping strategy created by Edwin Gonzalez. I have no bias on the market as I create the chart I trade what I see and react to it. Simple explanation of the strategy is to look at the 30 minute chart look at the direction where the candle closes above or below the line , take the trade on that direction. I cant stress this enough , this is a scalping strategy as soon as I see blue I put my SL in profits. Rinse and Repeat.
*** I update my charts every night and in the morning to confirm the S And R ***
-The strategy is for the 30 minute chart.
-Edwin usually sends over the charts already marked up.
-The Support and resistance lines are based off of the 1D, 4H, and 1H charts.
-This is a market structure strategy so you'll want to make your trade decisions based on how the market is trending and using the S/R lines provided.
Comment Below if you have any questions or input about the strategy.
OANDA:US30USD
US 30 my daily analysisMy US 30 daily analysis on H1 chart. The Dow Jones is still a bearish market, Possibilities of it to push further down are high. If you are planning to take a buy be careful because we are still to get a structure for a bullish move.
US 30 my daily analysis My daily analysis for US 30 on H1 chart. The price has breakout of the counter trendline and push to the upside. One should get a clear structure before saying we're on a buy and we need to break the high at level 30875 and get a higher high.
US 30 on H1 chart Us 30 on the H1 chart. My analysis for the day. The market is still bearish. If the price is breaking to the upside let us wait for the retest before we can take a buy, as we know that the market is still bearish.
Dow Jones US30 Idea H4Here is my view for US30 on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
US 30 on H2 chart daily AnalysisUS 30 on H2 chart. My daily analysis. The market is on a downtrend as per my trendline.
us30usd 1st target reachedS30usd 1st target reached, in my point of view it will go further down, my next target level arround 28635
US 30 on H1 chart The US 30 has broken the in trendline and push to the up. The price is price find the resistance at level 30901.1, which made the price to move down.
US 30 on H1 chart The US 30 is still bearish at this moment. although the price has broken the counter trendline. the price is at the resistance which was a support. the are two thing that may take place 1. the price can push and break the resistance, which will give an opportunity to buy or 2. the price may rejection at the resistance level and bears keep the control of the market. Let us remember that from the fundamental today we have FOMC a lot can happen in the market.
Dow Jones US30 Chart H1Here is my view for US30 on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
US 30 on H1 chart US 30 on the H1 chart. The price is on a bearish move and we are currently seeing a pull back. if the price respect the counter trendline, we will see more of the sell off but if the price breakout, we will see some push up.
US30 New Entries + Exits (Best Reverse Strat)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
US30 l DAILY l OUTLOOKAs Day Traders we don't care which way the market goes. If its a bull market or a bear market. We solely look to capitalize on either direction the market goes.
Major support areas
1. 30650
2. 30120
3. 29600
Each of these levels allocated a bounce, support, and resistance before all time highs were broken.
DAILY TAKEAWAYS:
1. 200 MA clearly broken
2. BOS / support & resistance zone clearly broken.
3. Bullish hammer pattern bounce last time off of 30650. Traders are going to be targeting this area. I wouldn't expect a major bounce just a short pullback.
US 30 on H4 chart The price is currently at the lower level. We may see the price rejecting or price breaking the support level and push down as we are on the down trend.
US30 Short & Simplewe can see that US30 is in a downtrend. If it retest 1-3 wicks sell, but if it closes above it then look for a buy but as of right now I am looking for a sell continue the trend.
US30 About to fill gap then RTO after taking out strong LH's
NB: Patience + Risk management = Winning trades.
Trade safe!
US 30 on a H1 chart The price has broken the support level. Now one need the second confirmation in a form of retest/ rejection on the recent support to be a resistance. Only than one can look for a sell opportunity. We must also remember that today we are having the CPI as per the economic calendar. That is why we need the confirmation before taking a trade.
Dow Jones US30 Chart H4Here is my view for US30 on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
US30 - PRE NY SESSION ANALYSIS - 06092022US30 - PRE NY SESSION ANALYSIS - 06092022
In the last week or so price has had a nice push up and is now hanging out around the 32750 - 33250 range approximately.
This week has been consolidation with price bouncing up and down within a roughly 350 point range.
On the daily price appears to be resting on a weekly support/resistance level of approximately 32875
Today I am looking for price to either retest recent highs of approximately 33200 and exhibit signs of exhaustion/reversal to then get into a short order targeting recent lows of approximately 32800.
If price pushes down after NY open to approximately this 32700 - 32800 level then I will have an eye out for signs of exhaustion/reversal to get into a long position targeting recent highs of approximately 33200.
Being patient and waiting for the right entry.
Waiting for confluence of support/resistance levels and/or supply demand zones with market structure / candle patterns that indicate price exhaustion/reversal forming.
Have a great trading day and I'll try to get back with you today after NY close!
Let's get this bag!!!
US 30 on the H1 chart This is the update on the US 30 on the H1 chart. The price is still on the sideways move. For people that trade the trending market this is for one to wait for the breakout before you can look for trading opportunity. At this moment is to sharpen up your trading plan, be aware of your trading psychology and review your trading strategy.
