My exectations for US 30Hi guys, hope you are doing good))
** Time frames of the analysis are 4H & daily.. on the chart currently is the 1d frame
** The index big overall view is bullish and it does HH and HL which I marked them by numbers but we are on the correction bearish temporary wave to try to create another HL to start again to go to another HH and so on....
** My TP1 and TP2 are marked on the chart by horizontal lines with price tags too
** The big yellow rectangle represents the consolidation zone which I avoided to trade at except the price breaks through up or down and once it broke down through, I made that idea as it became clearer now
** The index should settle on the purple uptrend line to take the power back or lose it and fall down more but anyway it will go there, but the market whalers know how we think well so they use the cards in their hands like a retrace to the upside from the current level to the most important price currently 44735 or higher but then it will go down to visit the daily uptrend line
** Plz consider too that the Fib 23.6% was not settled on by index yet so it did not meet the same point of the trend line by chance! it is the work of the market whalers and needs certain people to read their minds and go along with them otherwise no losers will be at markets.. it is not about chart alone, it is more about understanding the whalers! how they think and what they want.. Whalers are liquidity providers, banks, ETFs and funding establishments along with individual so rich people like me hehehe (joking) who not by chance too think all in same way that is why they become more rich and the poor stays poor or poorer because it is about the mind set, not only a chart! or a circumstances! true!
** Also the daily down should be filled but i do not depend on the daily gap to be filled as there are three daily gaps already further down which index did not fill yet!
** TP1 is the high and TP2 is the top of the body candles of 11th and 12th Nov.
** In case the purple uptrend line will be broken by a closed minimum daily candle, so I will make another idea then.
** Try to open the chart and make it bigger to see the view better or zoom or according to what you like
NOTE ****** Tp1 means to close the trade and then see if there is consolidation then breakthrough in the trade direction or to see that it retraced to the opposite direction of the trade then came back then (WAIT) till it settle down on by body or wick then to go in the trade direction only then you could re-enter to TP2
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.