Overview: Potential M-Pattern (Double Top) Formation Analyzing the US30 4H chart, we might see a bearish M-pattern develop next week. Here’s why: 🔹 Price Action: Rejection near the 0.786 - 0.886 Fibonacci zone suggests a potential reversal. 🔹 Bollinger Bands 📊: Price hit the upper band and is contracting, signaling a potential downside move. 🔹 RSI 📉: Falling...
US30 Trading Strategy 🚀📊 📌 Market Overview 🔹 Price Action: Hovering near Fib 0.5 (44,805.5) & Fib 0.618 (44,861.2) – critical resistance zone. 🔹 RSI (51.88): Neutral ⚖️ – not overbought, not oversold. 🔹 MACD: Histogram turning green 📈 – possible bullish momentum, but no strong confirmation yet. 🔹 Bollinger Bands: Price near the mid-band 📊 – no extreme...
US30 Trading Strategy 🚀📊 📌 Market Overview 🔹 Price Action: Hovering near Fib 0.5 (44,805.5) & Fib 0.618 (44,861.2) – critical resistance zone. 🔹 RSI (51.88): Neutral ⚖️ – not overbought, not oversold. 🔹 MACD: Histogram turning green 📈 – possible bullish momentum, but no strong confirmation yet. 🔹 Bollinger Bands: Price near the mid-band 📊 – no extreme...
Great morning to you all! Pre-News & Pre-Market Open Analysis: Key Levels to Watch: Identify confluences between your weekly (green), hourly (blue), and 15-minute (yellow) Fib levels. Look for areas where multiple levels align—these are strong reaction zones. Identify strong support/resistance levels from previous highs and lows. News Event...
🛠️ Trade Execution Plan ✅ Step 1: Key Levels to Watch 📊 Resistance: 🔴 45,070 – 45,100 → Major breakout level 🟢 Target if bullish: 45,250+ 📊 Support: 🟡 44,550 → First downside target 🟢 44,266 → Stronger support level 🔴 43,753 → Deep pullback level (if sell-off happens) 📈 Bullish Scenario (Stronger-than-expected labor market) 🔹 What to look for: Unemployment...
As you can see, the pattern, this is a potential sell. The RSI is at 65 and it may go above 70, this will allow price to hit 45000, it is good. Weekly FIb represents at high. It may go down after this week on an easy, it all ads up with the trading war with China and it may help that Mexico and Canada are on puase of 30 days. only risk 0.5% or 1% of account....
Quick buy to 1:1 Ratio. If Chart breaks price with strong candle at 44908 it indicantes and validates the W Pattern to go up. Risk no more than 1% of your account for this trade. this is the second idea for the week. first one was a win, hopefully this one as well. do not enter only after it breakes the neck price and pay atttention to the 15 mins prior...
Observations: Price and Bollinger Bands: The US30 is trading near the upper Bollinger Band, which often signals potential resistance. It may indicate an overbought condition in the short term. RSI: The RSI is at 69.70, nearing overbought levels (70+). This suggests the potential for a reversal or a pullback. MACD: The MACD is above the signal line, showing...
Key Observations: Fibonacci Retracement Levels: The chart shows a retracement of the prior downward move, and the price is currently reacting near the 0.382 Fibonacci level at 43,828.18. The retracement failed to break through the 50% level (44,062.83), indicating weak bullish momentum and reinforcing the overall bearish bias. Further rejection below the 0.382...
If It retest and goes below 43775 and just retest we do have a solid sell entry. Tp 43550 - 43575. ST 43850 It gives us a good trade With RR of 3:1 Do not risk more than 1% of account.
Key Observations: Downtrend and Fibonacci Retracement: The chart is in a clear downtrend, indicated by lower highs and lower lows. A Fibonacci retracement tool is applied to the recent downtrend. The price appears to have retraced to the 50% level (44,062.63) and faced resistance, failing to break above the 61.8% level (44,299.10). Bollinger Bands: The price is...
Key Observations: 1. Fibonacci Levels: - The chart displays a Fibonacci retracement with key levels: - 0.5 (44,065) and 0.382 (43,828) are critical short-term support levels. - The 0.618 level (44,302) appears to act as resistance. 2. Bollinger Bands: - The price is near the lower Bollinger Band, which often suggests oversold conditions. However,...
here are some observations and insights: Market Context 1. 4-Hour Chart: - The price has been in a downtrend recently, forming lower highs and lower lows. - Key support levels are visible near 43,710 and 43,350. - The RSI (Relative Strength Index) is heading towards the oversold zone, which could indicate potential buying interest soon. 2. 1-Hour...
Key Levels of Interest Support and Resistance: - Support Zone: - Strong support is around 44,582, marked as a significant horizontal zone where the price has bounced before. - Resistance Zone: - Resistance lies around 44,950–45,102. This is a cluster of higher Fibonacci retracement levels (78.6% and 100%) where price previously reversed. Fibonacci...
Trend: The chart shows a bullish channel forming after breaking out from a prior consolidation zone. The price is currently testing the lower boundary of the channel. Key Fibonacci Levels: The price is reacting near the 61.8% Fibonacci retracement level (44,888), which is a critical support zone. Further downside could test 44,782 (50% Fib). RSI: The RSI is...