YM1! US30USD DOW 2023 FEB 06
YM1! US30USD DOW 2023 FEB 06
No trades taken for Dow last week as price stayed away from the
boundary of the rotation zone. We now have a rotation within
a rotation zone 34432-33624 :)
This is about 800pt range.
A modest upward trendline has formed, but but but demand is
is showing effort no result.
The 800pt range, although attractive, will unlikely be easy to trade.
Possible scenarios:
1) Rotational play: Trades can be executed at boundary of rotation
range 34605 / 32789.
- 34605-34432: Consideration - will market trace Nasdaq & SnP
for a breakout?
- Short if rejected at 34605-34432
2) Rotational breakout/breakdown:
- If price breakout, long when price retraces and finds support
Volume Analysis:
Weekly: Ave vol down bar close in middle = indecisive
Daily: Higher vol down bar close of low = some demand
H4: Ultra hi vol level bar, S>D = Supply coming in
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35228 34432-34605
33624 33037- 32789
Remember to like and follow if you find this useful.
Have a profitable week ahead.
DOW
DJI - The Stock Market Enters Wave 5: Blow-Off Top Then CRASH!Although the sentiment is incredibly bearish and the world expects the stock market to underperform, it has left thin order books, low liquidity and volume, and an overly emotional state of the market. Considering how certain most analysts, traders, and investors are that a recession is already here, most are in cash, short, or sidelined. This state of the market will lead to FOMO and a rapid chase of prices higher in the most emotional and hated rally ever. It happens fast, sucking in people very late into the wave, and ultimately ends faster than they are prepared for. Many people will take on debt to buy more very close to the top. Just as sentiment switches back to ultra bullish, everyone will be blind enough for the real recession and markets will collapse. This is really how Elliott Wave works - it is a socio-economic phenomenon based on investor sentiment and human behavior.
I'm publishing to be able to look back and see if this trajectory was correct at all.
Nasdaq-100 Index (US100) Important Breakout
After the yesterday's rate high, US100 index broke a key daily structure resistance and closed above that.
The broken structure turned into support.
The index will most likely keep growing.
Next resistances: 12769 / 13130
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DOW 1 HOUR : UPPER TARGET IS 35300 AND DOWN TARGET IS 31111we have 3 angeel on dow and look like want go to fibo161%(nasdaq too,,have buy ) dont pick sell more ,,,for sell we need dow break RED TREND LINE
buystop on high + buy above green arrow near EMA200 1hour is best action for now
if you have old sells, 100% put hedge buystop on last high and never never close it (main trend is up) , break 3angel will flyup dow ,,,,, then in next low close your sells frist,then in high close hedge buy
ALERT = INDEX LIKE NASDAQ,DOW,DAX ARE VERY COMPLEX,HARD NEED MINIMUM 5 YEAR PRACTICE ON DEMO ,if you dont have 5 year practice dont trade it in real money
good luck
DOW JONES A mix of patterns ahead of the Fed!The Dow Jones Industrial Average (DJI) has made a strong medium-term rise since our buy signal 12 days ago:
Still within the High Volatility region, hence neutral long-term, the price is rising today after finding Support within the 4H MA50 (blue trend-line) and 4H MA200 (orange trend-line). The medium-term pattern is a Triangle, the short-term a Channel Up.
However the price needs to break above the 2 day Channel Down (red) in order to test the top of the Triangle and if broken extend the Channel Up into the medium-term to test the 34910 December High.
A break below the Channel Up, should extend the red Channel Down towards the bottom of the Triangle again.
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DOW JONES: Double test on the major Lower Highs. Critical.Dow Jones made a double hit on the Major LH trend line created on the December 13th top. So far it has failed to close above it, which is a bearish sign. Both 1D and 4H are neutral (RSI = 53.203, MACD = 57.710, ADX = 22.013).
Our usual approach with candle closes suggests that one above the Major LH is bullish (TP 34,490 R1) and below the 4H MA50 bearish (TP 33,450).
Previous analysis:
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DJI Potential for Bullish Rise towards previous swing highLooking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 33704.98, where the 38.2% Fibonacci line is. Stop loss will be at 32948.93, where the recent low is. Take profit will be at 34712.28, where the previous swing high is.
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YM1! US30USD DOW 2023 JAN 29
YM1! US30USD DOW 2023 JAN 29
No trades taken for Dow last week as price stayed away from the
boundary of the rotation zone. Market crawled up on declining
volume, a sign of weakness.
Possible scenarios:
1) Rotational play: Trades can be executed at boundary of rotation
range 34605 / 32789.
- Long if supported at 32789-33037
- Short if rejected at 34605-34432
2) Rotational breakout/breakdown:
- If price breakout, long when price retraces and finds support
- If price breakdown, short when price retraces and is rejected
Volume Analysis:
Weekly: Ave vol up bar close off high = No demand
Daily: Low vol up bar close off high = No demand
H4: Ultra High vol up bar close off high, followed by ave vol
down bar = weakness confirmed
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35228 34432-34605
33037- 32789 30513 28635
Remember to like and follow if you find this useful.
Have a profitable week ahead.
2023-2024 Forecast - from Dow Jones 2000-2002 dot com RoadmapThis is a chart of the Dow Jones 2000-2002 dot com bubble market overlaid on the Australian share price index, but really, this Dow Jones market could be laid upon a number of U.S. indices and you would still find a high level of correlation.
The forecast dates are unlikely to align. The overlaid will need to be pushed and pulled forwards a backwards by a number of months to achieve 1, 2 or possibly 3 'best-fit' potential outcomes.
The major low is generally more likely to aligning with a secondary low (a low just before or after the major low), or possibly one of the highs between the lows.
Dow Jones, breakout and retesting. US30 📈Hello guys, This is an update of previous analysis (blow link). Everything is explained on the chart for you like always. The market has a false break and then came back above the base band, so for now we expect a retest of the zone and the continuation of the upward to the supply zone. Monitor the price's action in the circles to enter.
Good luck.
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YM1! US30USD DOW 2023 JAN 23
YM1! US30USD DOW 2023 JAN 23
Last week, Dow Scenario1 rejection of 34605 short yielded 900pts
(trail stop TP).
With this rejection, DOW now exhibits rotation behavior
34605 - 32789.
Possible scenarios:
1) Rotational play: Trades can be executed at boundary of rotation
range 34605 / 32789.
- Long if supported at 32789
- Short if rejected at 34605
2) Rotational breakout/breakdown:
- If price breakout, long when price retraces and finds support
- If price breakdown, short when price retraces and is rejected
Volume Analysis:
Weekly: Low vol wide spread S>D bar = weakness
Daily: Ave vol up bar close at high = No demand
H4: High vol up bar closed off high = minor weakness
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35228 34416-34605
32789 30513
28635
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30 Outlook 1/22Bearish on US30, there are reasons for the down move to begin early in the week. monitoring price action intraday as usual.
US30 TO 31700A peak was made when price was almost at 35000 and it has been bearish ever since, currently price is forming a bearish penant pattern that I expect that price will fill the imbalance at 33750 before it sells to 31700.
Aspects to Market Making Sentiment IIA period of low spread and low volume can indicate a lack of liquidity in the market. This can be caused by a variety of factors, such as a lack of investor interest in the security or derivative, or a lack of market participants willing to trade at the current bid and ask prices.
In this case, a market maker may choose to adjust its strategy to manage the risk of holding a large position in the security or derivative. One strategy that the market maker may use is hedging, which involves taking offsetting positions in other securities or derivatives to reduce the risk of loss from unexpected market movements.
For example, if the market maker has a large position in a stock and is concerned about a potential price decline, the market maker may use options or short selling to hedge against this risk.
Alternatively, the market maker may choose to hold onto its position and wait for market conditions to improve. This may involve adjusting the bid and ask prices to attract more buyers or sellers, or reducing the size of the position to manage the risk of holding a large position in an illiquid market.
The market maker's decision to hedge or hold the position will depend on the market maker's risk appetite, the specific market conditions, and the market maker's own outlook on the future movements of the security or derivative.
In summary, a period of low spread and low volume can indicate a lack of liquidity in the market, in this case, a market maker may choose to adjust its strategy to manage the risk of holding a large position, one strategy is hedging,
which involves taking offsetting positions in other securities or derivatives to reduce the risk of loss from unexpected market movements. The market maker may also choose to hold onto its position and wait for market conditions to improve,
adjusting the bid and ask prices to attract more buyers or sellers, or reducing the size of the position to manage the risk of holding a large position in an illiquid market. The decision to hedge or hold the position
will depend on the market maker's risk appetite, the specific market conditions, and the market maker's own outlook on the future movements of the security or derivative.
DOW JONES: Oversold. A buy opportunity.Dow Jones turned red on the 1D time frame (RSI = 42.944, MACD = 52.430, ADX = 23.942) but oversold on the 4H (RSI = 24.370, MACD = -196.780, ADX = 55.260), which is the exact conditions we've been eyeing for a buy entry.
The sharp drop that followed the 4H MA50 breach closed on the HL trend line. The pattern is a Rising Megaphone and right now the price sits at the very bottom. With the oversold 4H RSI reversing, this is a similar buying opportunity as the last leg of the previous Rising Megaphone on December 6th/7th. We have denoted S1, a pivot (P1) and R1, which is the target. A +4.30% rise is common on this pattern, it suits ideally the 34,490 target.
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