US30/DOW 16H: Massive CRASH or PULLBACK? End of Year Rally?Why get subbed to me on Tradingview?
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US30/DOW 16H: Massive CRASH or PULLBACK? End of Year Rally?
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because short-term I expect
more losses before reversal BULLS later.
🔸 Summary and potential trade setup
::: US30/DOW H16 market overview/outlook
::: please review my other idea in VIX
::: because that's the foundation of this
::: trade setup as well
::: price currently stuck in RANGE MODE
::: However: strong rejection/ DOUBLE TOP
::: means we will get more follow-through selling
::: STRATEGY: SHORT RIPS/RALLIES
::: Bears EXIT at 26400/26000 points
::: Expecting MILD downside next 1-2 weeks
::: regardless of the outcome in the US Elections
::: Initially we will get selling
::: And volatility spike in VIX (up to 40%)
::: then reversal in VIX and US30/DOW
::: recommended strategy: WAIT FOR FIX SPIKE
::: to 45.00 and then ENTER LONG US30/DOW
::: near 26 000 points - best RELOAD BULLS
::: TP1 BULLS 29 000 points TP2 BULLS 29 500
::: fully expecting END OF YEAR RALLY
::: no fast/miracle gains here - patience required
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: BULLS END OF YEAR RALLY
DIA
DIA/BTC (Bearish Pattern Confirmed)💎Technical Analysis Summary💎
BINANCE: DIABTC
-The Bearish rising wedge pattern has been confirmed
-The trendline support finally failed and the Bears entered the market
-If there will be follow-through by the Bears in the coming hours or days
-The downside target is around 900s sat area
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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1:9 Risk/Reward Ratio NOWLow risk entry NOW. The trend is up until this channel breaks with volume.
Please feel free to check out my other ideas, I really want to help people understand the market the way that I do.
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They act like rubber bands when the market returns to positive territory.
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but generally :
Buy at the support line( $ 1,994) sell at the resistance line($ 2,759)
Try to catch EngineeringRobo ' s buy signal
Have a good trade If you want to use EngineeringRobo please dm me.
DIA/BTC (Test Old Resistance?)KUCOIN: DIABTC
-DIA broke the local resistance around 0.000232 sat
-It is now pulling back to test old resistance becoming new support
-This is a good pullback enter (Aggressive position) with stop loss below 50ma red
-While momentum traders will wait for the break of the recent High at 0.000275
-This is my simple trading plan, always follow your rules before trading
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