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Dowjonesindustrial

Will Dow Jones Cross Above 28290? We are looking at Dow Jones Industrial Average (US30) right now. The index has been sideways since last week. From our technical standpoint, we are watching closely whether the index will close above 28290 right now. If this happens, the next target potentially will be the all-time high of 29587 on 12 Feb 2020. On the other hand, if it fails to close above 28290, then the index could test the downside where our first support level will be 26820, followed by the next support level will be 26456. Good trading! From the Desk of NinjaSingapore 17 August 2020
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by NinjaSingapore
1
DJI on a retracement move 🦐The market after moving up couldn't make new fresh highs. Last week it attempt twice to break theema, the trendline and tested several times the support area around 23650. If the market will manage to break and close below the structure we can set a nice short order acccording with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
FOREXCOM:US30Short
by InkyGrip
6
Dow Sell position active. Target down to 24k area where we seeDow Sell position active. Target down to 24k area where we see I have been playing harmonic setups, Dow short sell downto 24k would be nice for a stop and reverse last one worked well as it approaches a double 76.8% support area. Current trade I have a hard stop above 27150 incase some spike before heading my work... R.R makes sense for allowing for such r.r (for me). any way this is my own drivvle and dont expect anyone to follow my stupid advice!! to be reading it just my own opinions of lines on screens
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by TopCatofPeckham
US30 19/07/2020 for 20/07/2020... There are various ways our Trading week could start for US30. My analysis would be that we could see a possible rise of US30 over the weekend and then have a retest when the market open on Monday 20/07/2020. I think US30 will be in consolidation through the evenings on Sunday 19/07/2020 when the market opens because the sellers will get in and try to push price down. Personally I'll stay away from the market through the storm on Monday morning and look for a good opportunity to get back in Long if the market happened to dip over the weekend, I think the Bulls have the Potential to push the market through to 27500 but for now we are definitely going to experience some Storm at this Major area of resistance. For those who held their positions through the weekend, I believe price is going to climb to 26904 in about 7hrs from our Week's closing point 26635 which will serve as my new Entry for this analysis. That will be my Take Profit 1 closing 264 pips but you can also choose to keep your Take Profit at 26980 for 334 pips. I don't expect to see a clean break so I'm going to hodl my second position through the possible retest to our Entry point at 26635 and the consolidation at the 26980 (TP) area which may last for about 3 hrs. Then I expect to see a quick rise to my second Take Profit at 27165 closing 185pips in less than 3hrs. Leaving the total trade time to approximately 15hrs and closing 500+ pips in total by my analysis. As we know, US30 is very shifty and volatile. Market may drop to 26635 for a retest which will be a very sensitive area because the Bears might win a temporary break and pull price further down to 26380 which I intend to Hodl through if this happens, for this reason I've set my Stop Loss to 26194. I advice you to trade with caution. Use proper risk management of not more than 2% and avoid Greed. Secure positions half way in profit and if your equity is frail please either stay away or trail. I personally recommend new traders and low equity traders to stay away from the market until the calm at about after Lunch hour on Monday.
OANDA:US30USDLong
by pappidel