US30 is trading in rising channel Another sell off is coming📍 Dow jones industrial average is comprises of 30 TECH stocks. US30 is traded 2020 yearly high around 29600 which is also a February high. After the long upward rally from 2016 until 2020 February it has moved up gradually. And there is no major drop one like happened in 2008 financial collapse
📍 Due the COVID-19 breakout in the USA the economic is came to standstill and lockdown measures area taken this causes Tech companies faced major blow. And the market is sell off until march 23. After that US30 has gained back most of the earlier loses incurred during the initial period of Pandemic situation. And reached almost 2900.00 level
📍 Currently US30 is trading in a upward channel which is called as rising channel and it has reached the slow down phase. We may expect a brief breakdown of this indices
📍 In longer timeframe it hasn't reached the 23.6% Fibonacci retracement level which is comes around 26900. This level will act as resistance for the bear
📍 The price is currently trading nearby the August low level-27200. 50 Exponential moving average is still holding this pair from May-14 if the 50EMA level broken then 200,100 EMA will act as resistance comes around 26400
📍 On Ichimoku cloud the middle line is acting as support for the bearish trend and the Cloud is gradually fading towards red zone
📍 The swing target would be around 23900 which is comes around 50% Fibonacci retracement level
📍 On Elliot wave theory the Major 5th wave is completed and the minor correction waves are currently forming. Within wave 4-5 we can see minor waves from 01-05
📍 RSI is went below the 50 mark and in MACD it has turned red and the oscillators are pointing towards south
In H4 timeframe we can see a downward falling channel with series of HH LL LH and the price felled below the 50% Fibonacci level. Strong bearish engulfing candle is formed on August 07 after that the price stared to fell
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Us30idea
US30 / KILLZONE / SHORT OR LONG?As we can see from this chart DOW has broken above its previous resistance level and has now entered an area where it plummeted before
There is an opportunity to go long here if price action indicates the move OR price will get rejected from this area and move lower.. there is also a chance price might range in this area for a short while but we will have to wait and see
US30 WEEKLY FORECAST Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
US30 / TO THE MOON OR FALL DOWN TO HELLUS30 has hit its tipping point, we could see a big push to the upside and make a higher high like NASDAQ did OR we could see a trendline break and rejection
I do see some bullish divergence on a lower timeframe which could mean this pair shoots up but we will have to wait for price to tell us what it is going to do
US30 WEEKLY FORECAST Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
US30 4H FORECAST Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
US30 WEEKLY FORECAST Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
US30 4H FORECAST Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
US30 WEEKLY FORECASTHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
US 30/Dow Jones - AnalysisHello traders, here is the analysis from our team : We need price to push above 26024, pullback above this area. Then re break for nice run. Good luck today.
Let us know in the comment section below if you have any questions.😉
Dow aka Us30 possible trade setup for July MonthHi,
US30 is not our trading script but it can affect the world market. Just tracking DOW to get an idea for our Market. Here is the July Month Possibility.
US30 short was a hit!!We could see a nice bounce to around the top of the channel with a test of the 40 day MA then a sell off ....check out my youtube for crypto content - youtu.be
US30 - SHORT SELLI see support has been tested several times and expect it to break at some point today, once broken we can see from current support to the green area
US30 - DROP INBOUNDAs we can see from the chart previously once price broke the highlighted level it dumped but retraced very quickly. I anticipate once support is broken we are going to see an even bigger drop.
I have a few sell stops in just in case to catch the fall
US30 predicted 2020-2021 timelineUS30 predicted 2020-2021 timeline. Please leave a follow and like if you find it useful and I will keep posting for you guys!
