D-US30
GBPJPY - GJ 1hrSimple trading - 2 NEW BULLISH PATTERNS
The buy is active! The long wait may be over. I am looking to gain a 200+pip Long on GBPJPY.
BULLISH CONFIRMATIONS
1. Daily Cup and Handle (see previous charts)
2. 1hr Heads and shoulder
3. Fibb 3.82 rejection
4. Triangle break out
*I would usually wait for a solid break and retest. However with a simple setup like this. We will trade aggressively to maximize profit.
Lowest entry: 189.249
MY SECREET WEAPON STATEGY FOR SHORT TERM!Daily Markets: Investors Watching Fed Speakers Closely After Inflation Data
Following the Consumer Price Index (CPI) report that showed little progress on core inflation, the market will be dissecting comments from a pair of Fed speakers now that market expectations for rate cuts softened considerably after yesterday’s inflation data.
WARNING!
I AM NOT FOLLOW THE TREND STYLE TRADER, IM WITH MY INDICATOR TO CATCHING THE SIGNAL AND DECIDE PRICE ACTION. SO BE THE FIRST AT THE TOP OR BOTTOM.
DOW JONES: Still bullish inside the Channel Up.Dow Jones has turned neutral on the 1D technical outlook (RSI = 53.990, MACD = 135.700, ADX = 29.049) as it crossed under the 4H MA50 and is on a lengthy consolidation phase inside the two month Channel Up. The 4h RSI is on a Bearish Divergence, which doesn't mean much unless the 4H MA200 breaks, as the very same divergence emerged during the December - January consolidation. If the 4H MA200 breaks, we will prepare our short under the S1 level and target the top of the S2 zone (TP = 37,200). Until then, the Channel Up favors buying (TP = 39,500).
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US30 Will Move Lower! Short!
Here is our detailed technical review for US30.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 38518.0.
Considering the today's price action, probabilities will be high to see a movement to 38348.8.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NAS100
simple trading - follow the trend
A very bullish market always needs a pullback. What a great Head and Shoulders pattern for a reversal to the downside. NAS100 has officially broken below all bullish trend lines on the Daily. NAS100 is looking to create more sell pressure. With NAS100 being at the top of its weekly trend, look for a correction. Massive sell if NAS100 cannot remain above the 4hr support zone.
BULLS :
Buy at 17588 4hr support,
If candles remain above this area and create bullish momentum, look for a target at 17661. A new higher lower should be a confirmation for continuation to the upside.
BEARS :
Wait for a retest to 17661 with bearish candles, Do NOT sell now but wait for a retest
*Previous sell opportunity:
17730
17665
This week's trading:
Look for NAS100 to consolidate and respect market support and resistance areas. Once the market has made a decision, then we trade!
US30 - Perfect Zigzag Pattern ZIGZAG Pattern is made up of 3 waves were Wave A has 5 impulse waves, Wave B has 3 corrective waves, and Wave C has 5 waves. Our main focus is riding Wave C once wave B finishes its retracements to fibonacci levels. Ideally, Wave A = Wave C. This means if Wave A made 20% move, Wave C should do the same.
US30 Long Expecting a bullish then bearish to tap the orderblock @2900 then we set for a long term buy position.
US30 Analysis: Eyes on USD Strength Amid CPI DataHey Traders, in tomorrow's trading session we are monitoring US30 for a selling opportunity around 38570 zone, US30 is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below the 38570 support we will be looking for a potential retrace of the trend towards more lows.
The recent release of CPI data showing a higher-than-expected increase in inflation has bolstered expectations for USD strength. With inflationary pressures mounting, there's growing speculation that the Federal Reserve may adopt a more hawkish stance, potentially leading to a stronger USD. Furthermore, the negative correlation between USD and US30 suggests that a strengthening USD could weigh on the performance of US30.
US30 imminent shorts down towards 37700.0Last week, the US30 exhibited significant potential for a more favourable market environment, offering several promising trading opportunities. Following the completion of a Wyckoff distribution on a higher time frame, validated by a CHOCH, I anticipate a selling opportunity as the price retraces into a distinct 16-hour supply zone.
Although the price closed within the zone, it underwent a redistribution phase on a lower time frame, signalling a selling position. Presently, I am awaiting the breach of the upcoming Asian high to access a clean Order Block (OB) for initiating my sell position.
Confluences for US30 Sells are as follows:
- Price has completed a Wyckoff distribution on a higher time frame confirmed with a CHOCH.
- Clean unmitigated 16hr supply zone that caused market shift has been tapped into.
- Wyckoff re-distribution has taken place within the lower time frames.
- Lots of liquidity to the downside in the form of Asian lows, trendlines and equal lows.
- Price has been moving very bearish and it's getting exhausted hence why we got that bearish drop recently.
- For price to keep going up it must go down so we can expect temporary sells maybe down to a better demand.
P.S. While the market remains predominantly bullish, the recent downward movement was anticipated, signaling exhaustion of bullish momentum. This could mark the beginning of a bearish trend, presenting potential opportunities for short-term selling positions.
HAVE A GREAT TRADING WEEK AHEAD GUYS!
US30 Is Bullish! Buy!
Please, check our technical outlook for US30.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 37667.71.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 38367.61 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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TARGET REACHED - And ongoing to Target 2 - 40,0042The trade analysis we had for Dow Jones couldn't have played out better.
On paper and theory, this just rocked to its first target 37,242.
But then, it entered into a trending market. This is where it's very tough for breakout traders to get in.
This is very tough for reversal traders to trade.
This is very tough for range bounded trades to buy and sell.
So, all we can do is wait for the trend to continue up and form a new pattern. Or continue holding and raising the trailing stop loss each week.
But it looks like the next target is set for 40,0042.
I'll wait and observe as it feels top heavy and I don't really have a good strategy to get in right now.
us30 sellsUs30 reached resistance and started to show BOS to the downside on 5mins and 15mins.
Upon seeing this I waited for retracment and rejections at entry zone of 38490.000 with sl@ 39520.00 (30pts).
TP1: 38400.000 TP2: 38350.00 TP3: 38330.00 TP4:38150.00
* Where has the market moved since I entered my trade? Slight profits
* If I looked at the market now, would I take the same trade? yes
* How do I feel about my trade? nervous & unsure but optimistic.Glad it let the trade play out
* What do I like about this trade ? My entry was good & stayed calm when price retraced up
* What do I dis-like about this trade now? Price Was so choppy and still is but trust my analysis
* On a scale of 1 to 10, where would I rate this Trade now? 8/10
* If I were not in a trade now, would I take the opposite trade ? No
10 Daily Outlooks. D3. EU, GU, US30,100, BTCUSDWill analyse markets and possible entries every day for 10 days. Send your pairs or questions
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US30 4H : Upward US30
New forecast
Yesterday, the index price achieved new historical gains by touching the level of 38124, then it was forced to form a temporary sideways fluctuation by settling near 38000. However, this will not affect the main upward path due to the repeated stability above the stable support at 37814.
The price may currently continue offering sideways trades until it gathers additional positive momentum to enable it to renew upward attempts, which may soon target the 38460 level, reaching the historical resistance extending towards 38850.
The expect range trading for today it will be between the resistance line 38460 and support line 37814 until stabilized .
support line : 37814 , 37645
resistance line : 38124 , 38460
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DOW JONES Channel Up with the 4H as the key level.Dow Jones (DJI) is trading within a Channel Up pattern on the 4H time-frame with the 4H MA50 (blue trend-line) supporting since the January 19 break-out, being right on its bottom (Higher Lows trend-line). As long as the price action is closing candles above it, we remain bullish, targeting a Higher High at 39100.
If it closes a 4H candle below the 4H MA50, we will take the loss and sell instead, targeting the 1D MA50 (red trend-line) at 37800. Note that the last medium-term Support has been the 1D MA200 (orange trend-line) on January 18 and being overbought for too long on the 1D time-frame while the 4H RSI is on a Bearish Divergence throughout the index' whole Channel Up, a short-term correction to the 1D MA50, would technically be quite likely here.
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US30 Longs from 38380.0 back upMy bullish bias for US30 remains intact this week. Last week's analysis (Scenario A) unfolded precisely as anticipated. With another upward break in structure, I continue to anticipate US30 to sustain its bullish trajectory. Currently, having cleared liquidity at the recent high, a pullback to another demand area is foreseeable.
My focus shifts to the 12-hour demand zone near 38380.0, where an engulfing candle triggered the latest break in structure. This zone, lining up with the 0.78 Fibonacci range, offers a chance for a Wyckoff accumulation to formulate so we can ultimately buy back up.
Confluences for US30 buys are as follows.
- Price broke structure to the upside once again leaving a clean 12hr demand.
- POI also sits within the 0.78 fib range as well.
- Trendline liquidity is left on top of the zone, so once it gets swept we can then hopefully see a nice reaction off our zone.
- Overall trend and the current trend still remain to be very bullish.
- Candlestick anatomy also shows that bulls remain stronger than bears.
- Liquidity left at the new high in the form of a wick.
P.S. While buys are currently preferable, we mustn't solely fixate on one bias. It's essential to remain open to alternatives that could unfold. For instance, if bullish pressure weakens, price might sharply decline, signalling a shift in momentum to the downside.
I hope you guys found this post insightful, have a great trading week everyone!
Dow Jones Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)