Could DJ30 bounce from here?The price is falling towards the support level which is a pullback support that lines up with the 78.6% Fibonacci projection and could reverse from this level to our take profit.
Entry: 39,976.70
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci projection.
Stop loss: 39,474.44
Why we like it:
There is a pullback support level which lines up with the 127.2% Fibonacci extension.
Take profit: 40,554.06
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
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US30 trade ideas
How Far Will This Correction Go... I am thinking this could be the complacency phase of the market cycle.... I think the Euphoria is gone. Thoughts.
US30 SWING BULLISH SETUPDow Jones (US30) is in a bullish trend on the 1-day time frame, characterized by higher highs and higher lows. On the 4-hour chart, you should look for entry points during pullbacks to support levels align with the daily trend. Use Dow Theory principles to confirm these entry points and incorporate risk management strategies to protect your capital.
DOW JONES 10 Minutes before FED RATE DECISION, SELL ITIt's a good R:R on this level to short Dow Jones Index prior to the news.
It's on the fibo level and the upward movement looks like a correction only.
SL above high, TP is open now!
CHEERS!
Why Thursday saw a fallWednesday had closed within Tuesday. It is not a matter of 1 or few ticks, but rather for a good breakout to be considered and accepted, Wednesday should have closed above Tuesday decisively. Hence Wednesday was not a BO but only expanded the range.
And as such Thursday is seeing a fall.
Could it be?Could this be a sell? Market is reacting from this zone as we are approaching unemployment claims' news. Can't wait to see how it happens! Let me know what you think guys
shooting star kitna achhashooting star kitna achha
USD NPR
300 USD 39,925.91 NPR
500 USD 66,543.19 NPR
1,000 USD 133,086.38 NPR
2,000 USD 266,172.76 NPR
8 more rows
Hellena | DJI (4H): Long to resistance area 41680 (Wave 5).Dear Colleagues, I believe that the price is still in an upward movement. At the moment, the higher order wave “4” is finishing forming. Either it has finished forming, or it will renew the minimum in the support area of 40071. After that I expect the continuation of the movement in the wave of higher order “5”. So I expect the price at the level of the maximum of the wave “3” 41680.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
YM / US30I think the price can react well to these levels. Red areas are good for sell and green areas are good for Buy
US30 sellPrice rejects daily decision level with a double top and broke H1 support. This is signal for bearish movement to next daily support
US30 BuyTrade Plan:
Entry Level(Buy Limit): 40836.86
Stop Loss Level: 40300.00
Take Profit Level 1: 41344.00
Take Profit Level 2: 41910.58
Reasons for bullish bias:
- Simple DOW theory
- No divergence
- Entry at trendline plus 0.5 Fib level
BUY US30 SET UPLooking for the continuation of the buys. Just waiting for the market to break back out .
How to Build Insane Wealth Over Next 18 Years 2026-2042This is my plan to turn $20,000 into $2,000,000 over the course of the next 18 years.
The margin on 1 YM is $11,000. I will double that for some wiggle room. In this raging bull market up to 150,000, I will be adding at these specific four entries with YM contracts.
I will also be sprinkling in here and there micros, MYM as I see fit as they are only $1000 each.
First entry: Breakout, Pullback at 37,000
Second entry: Breakout anticipation at 50,000
Third entry: Pullback around 59,000
Fourth entry: Pullback around 71,000 (I may or may not add 2 YM's for this acceleration of the trend)
Currently as of 2024, the market is in breakout mode on its way to 49,000-50,000 before the pullback down to 37,000
From there, just constant buying with only minor dips as the bull trend starts really accelerating towards the end.
Just one investment of 1 YM contract at 37,000 will yield $2,000,000 in profits.
Take advantage of this Raging Bull Market to build insane wealth because once it is over in 2042, then the next major crisis/bear market will arise.
DOW JONES Any pull-back is a short-term buy opportunity.The Dow Jones Industrial Average Index (DJIA) is completing an Inverse Head and Shoulders (IH&S) pattern following the recovery of its 4H MA50 (blue trend-line). Since the dominant medium-term pattern since the April 19 Low is a Channel Up, any pull-back this short-term IH&S offers, is a technical buy opportunity.
The previous Channel Up Higher Low of May 30 offered one final Higher Low pull-back below the 4H MA50 before the new Bullish Leg started towards the Channel's top (Higher Highs trend-line). Check how their 1D RSI fractals are similar among the two sequences.
As a result, once today's Fed euphoria recedes, we expect one last buy opportunity to emerge with a short-term Target of 42000 (top of blue Channel Up), if note higher on the Diverging Channel Up.
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