Dj30
Back in a US30 sell position. Is anyone else 🙋♂️🙌This US30 strategy yesterday had a successful long position hit TP target.
A few hours later an alert for a sell position presented.
Currently in a bit of draw down but lets see how this one plays out.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
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Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
DJ30 will Fall to 32200 the Upcoming Week - Part 1 (Fibonnacci)I am forecasting that DJ30 would fall to the daily 100 SMA this upcoming week due to many indications, most important of which is Fibonacci, which is the subject of this idea. Other indicators will be shown in Part 2.
Below, I am breaking down the messy chart:
Fibonacci Retracement: For clarity, here I am using a simple Fibonacci cone without extensions. Placing the origin at the lowest point reached due to the first COVID-19 lockdown and retracing the current point as 100%, we will find that at each level there was a correction. And so it will be this upcoming week.
Fibonacci Spirals: Retracing most of the downward movement in the bullish run since March last year as well as the current bullish rally of the past few weeks indicate an area of huge resistance (the red curves above the current price) around the corner, which coincides with the aforementioned Fib retracement level.
Trend Lines: Their intersection with the spirals indicate the possible support points (highlighted in green).
I included the possible support points up from the most conservative down to that of a market crash. However, the one I am forecasting is the intersection with the white trend line around 32200. This is because of several reasons:
It is around the daily 100 SMA and the medium line of the weekly Bollinger Bands, which is the usual support level for big corrections short of a crash, especially when the range is high.
The short term rally has been exclusively bullish and a minor correction won't relieve the tension.
RSI is already overbought and with comparison with previous similar circumstance, a big correction always followed. Same with comparing the price action of the weekly chart. (To be discussed further in part 2 and 3)
Retracing the short-term bull with a spiral intersects with this point, which also fits well around the Fib retracement level.
DJ30, unlike Nasdaq100, is not overblown; that is, we are just on par with the pre-Covid19 original trend, which doesn't pertain a market crash, only from a chart point of view, of course.
P.S. I am including the image of the idea below since TradingView shifts the spirals incorrectly in the interactive view.
Dow Jones 30 Analysis, April 20Hi traders, DJIA opened the day lower, together with other major global indices after a strong sell-off in the stock market. The only index that traded higher today was the Hang Seng, but it also gave back some gains ahead of the closing bell in Asia.
Now, DJIA is trading near a well-defined channel support and the 61.8% Fib level, which could provide some support for the index.
Falling US yields are also making bonds less attractive when compared to stocks, and the Fed's stance to keep rates "lower for longer" could see some buyers joining the stock market again.
A fall below the 33,900 level could see further downside potential, while an acceptance of that level would attract buyers and possibly see a retest of recent highs - given that positive risk sentiment persists in the market.
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DOW JONES Still Bulish as high he go !!!!!
will hedging it if it goes up any more ...
Will not buy on top ...
DJ30 up trend intact - pull back in processUS30 Index up trend intact though pull back in progress, Entry setup for long may be completed by overlap session of US/London opening
RSI (Relative Strength Index)RSI = Relative Strength Index
Is fluctuates between 0 and 100
• A momentum Oscillator
• Increasing RSI when: Average gains are greater than average losses = Bullish
• Decreasing RSI when: Average gains are less than average losses = Bearish
How to use:
1. Trend recognition: trading in the direction of the trend
1.1 Above 50: Uptrend
1.2 Below 50: Downtrend
2 Overbought and oversold entry signals.
2.1 In an uptrend look for oversold areas and open a long trade after the pullback above 30.
2.2 In a downtrend look for overbought areas and open a short trade after the pullback below 70.
US30 Target hit on this one.... 💥🚀Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
DJ30 - running blue 👍Entry details are shown on the chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out do they.
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
DJ30 with a possible bull continuationI think there is a great chance for another bull push on US30... and there are a lot of solid reasons for that.
Some of the reasons are....
10m chart:
- bull continuation
- higher hiws
- higher lows (if it holds)
1H chart
- Donchain channel creating bullish push
US30 day trade longWe recently went short Silver (XAGUSD)... we dont see a GME on it... Infact we think the hedge funds might just pull a sneaky on everyone!
Anyway our shorts are locked. Moving on to US30 long.
We see lots of potential for a day trade profit on this one. We have a bullish continuation pattern indicating that we could see a strong push up.
BUT! When price comes to our 38.2% on the 4H chart (left) we are planning to go short... not 100% yet we will decide when price comes there and see whats up..
US30 A BIG DISCOUNT CYCLE Watch carefully all this chart of mine you will see that the stock market has been in a huge price drop,
all major indexes ( DJ30 , SPX500 , NASDAQ100 ) have the same direction, make your decision my friend , I left this market today .
Lockheed Martin - Great Buying Opportunity LMT is getting pressure downwards however I am bullish on the company and stock. I believe the stock is currently undervalued considering the Biden administrations policies and what it would mean for defence stocks. This price level has supported the stock price and I believe it will breakout upwards from the descending resistance line. Either way, considering the support line, it is a good reward for risk to buy the stock with a SL below the support zone.
DOW - Increased chances for a correctionOur updated charts.
Lot's of fundamental analysis in the background (CPI coming up)
Dow Jones Sell / Expecting a bearish push!We are short on the DJ30 we expect a bearish push to the down side and any spikes above, as long as the pattern for selling remains active, we will short.
We believe there is a good chance of indices continuing to go down today and this week perhaps.
All the reasons we are short are listed in the chart.
Dow - DJWe got a nice pop up which is standing on not so reliable grounds. Expecting drop back to 30900ish in later Ny session. London will close soon at a bit higer as it is at this moment. More consolidation between 31150 and 31200 before drop.
Rising wedge Rising Wedge
A rising wedge is formed when price consolidates between upward sloping support and resistance lines.
This indicates that higher lows are being formed faster than higher highs. This leads to a wedge-like formation, which is exactly where the chart pattern gets its name from!
With prices consolidating, we know that a big splash is coming, so we can expect a breakout to either the top or bottom.
If the rising wedge forms after an uptrend, it’s usually a bearish reversal pattern. On the other hand, if it forms during a downtrend, it could signal a continuation of the down move.
Either way, the important thing is that, when you spot this forex trading chart pattern, you’re ready with your entry orders!
That means there are more forex traders desperate to be short than be long!
Ref: babypips . com
