Dow Jones (US30) - Short from bearish orderblock ✅Hello traders!
⁉️This is my analysis on US30.
Here we are in a strong bearish market structure, I expect price to fill the imbalance and to reject from bearish orderblock to continue the sell-off.
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US WALL ST 30
Potential reversal for us30 Read the description.a double bottom on 4H time frame with oversold indicators and breaking up it will be interesting when broking the 38% of Fib retracement to continue up tp1 50% of Fib, tp2 61.8% and the Full target at 74%.
Us30 next step 🪜In the current situation, stocks are still at the mercy of the dollar and negative pressure. We expect an upward correction before continuing to decline. We will look for good selling positions.
S&P and DJIA bearish flag to come?Stock market has still stayed in a bearish market structure. Observing multiple bull rallies throughout since February/March 2022. And bull rallies will continue so long as market sentiment continues to expect a more negative month/quarter than it actually is, although still in a decline versus previous month/quarter.
We can tell bearish market sentiment from the recent economic data releases where:
Forecast < Actual < Previous
Forecast is lower than the actuals, and actuals being lower than previous
We are in a decline, but expectations were that of a faster decline which is not happening. The economy remains resilient, and this will mean the FED needs to do more to hamper down on inflation.
Expecting more aggressive rate hikes, where on the announcements, stock market is expected to make a move lower.
Double Top on US30 for potential correctionDouble Top on 4H time frame with a divergence gives an interesting Sell option for a correction of the move up with a potential clean 300 pips down.
US30 as broken my short term trendlineUS30 as broken my short term bearish trendline to the upside, you can see a series of HH forming on the H1 TF.
looking for the market to open bearish so I could get a possible entry to the upside, looking to ride the up move to 31201.
NOTE: if the market does not show any signs of weakness during the Asia session I will just pull the trigger without waiting for the pullback.
US30 Forming a Triangle to continue the Bullish moveafter the bullish move yesterday us30 is accumulating and forming a triangle to continue the Bullish trend with a medium swing on its own with 250 pip TP and 80 SL.
Potential Trend Reversal for US30 Reversal Pattern as a double bottom on 4h time frame that could be a potential big reversal for a correction for all that move down with a potential Take Profit with 1050 pips for the dow to reach 30900 to complete the wave 4 of the bearish eliot wave before the big crush
us30 potential Sell after the newsAn interesting sell option for a reversal on us30 with a double bottom on 5 mins, diversion on 30 mins, cci/rsi/%r breaking down and an evening star candle on 1h time frame with a clean traffic down
Selling US30 into current resistance.DOW30 - Intraday - We look to Sell at 29608 (stop at 29955)
The primary trend remains bearish.
We are assessed to be in a corrective mode higher.
Bespoke resistance is located at 29700.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 28828 and 28600
Resistance: 29700 / 31100 / 32600
Support: 28800 / 26000 / 23500
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
US30 between the Buy and the Sellmoving up the dow jones index is creating a double bottom for a move up and if rejecting it will be completing a symmetrical triangle to continue the bearish move
US30 us30 short from volume rejection,,imbalance , mutiple ITL level as institutional trade level.volume wave direction, sell stacked.
Selling US30 at current resistance.DOW30 - 24h expiry - We look to Sell at 29575 (stop at 29986)
The primary trend remains bearish.
We are assessed to be in a corrective mode higher.
Prices expected to stall near trend line resistance.
Preferred trade is to sell into rallies.
Our profit targets will be 28614 and 28400
Resistance: 29660 / 32700 / 36800
Support: 28600 / 26000 / 24000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
US30 28th SEPTEMBER 2022Wall Street is increasingly concerned that the Fed's six-month inflation fight will push the economy into recession. The recent selloff seems to be the catalyst, including the US central bank (Federal Reserve/The Fed) being aggressive to raise interest rates. Finally shaking up the currency market.
With the dollar overvalued in recent weeks, market participants are likely to avoid the risk of a correction by moving into large companies that are likely to survive a recession.
US30 23rd AUGUST 2022
us30 setup between the reversal and the continuation after breaking down it will be an interesting sell to complete the triangle and the bearish move and if it goes up it will shows a double bottom for a reversal pattern
US30 top-down analysisHello traders, this is complete multiple timeframe analysis of this pair. We see could find significant trading opportunity as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
symmetrical triangle on us30 An interesting sell opportunity after breaking the support on dow jones for a continuation for the bearish move