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Downjonesindex

US30 Breakout Setup – Targeting 43700 and 44000 US30 is showing strong bullish momentum with price holding above an ascending trendline, I am currently seeing consolidation near a key resistance level if price breaks above 43346 it could signal a good buying opportunity, I am targeting two main levels for take profit: First target: 43700 (minor resistance). Second target: 44000 (psychological level). My Stop Loss is set just below 43000 to protect the trade, right under the 0.618 Fibonacci retracement and trendline support, Trade Setup: Buy Entry: Above 43346 on a confirmed breakout. Stop Loss: Below 43,000 (protected by the Fib 0.618 level and trendline). Take Profit 1: 43700 Take Profit 2: 44000 This setup has a strong risk reward profile and follows the ongoing bullish trend in US30, Watch for a strong breakout before entering the trade! Best of luck!
CAPITALCOM:US30Long
by kashifone1
An update to my Dow Jones chart I posted July 18th 2023The original chart was on a much larger time frame, but we are getting so close to the second measured move target now I figured I’d make this update on the daily chart. We are now about 3 pips away from hitting the 2nd bigger invh&s pattern’s full measured move breakout target. Always amazes me how these things come to fruition, and in this case I was able to predict with macro chart patterns it would reach these heights 7 months before it happens. That’s not to say it wasnt happening this whole time because it essentially was, just had to not fall for the initial break above the necklines and also the follow up break back below the neckline….classic head fakes I expect to see this higher target hit in February, where the market will go from there I’m really not sure..this could indeed be a fulcrum point but it could also behave like solana just recently did and just blast well above the target or after reaching the target continue to pump. Either way I expect this will at least reach within a half pi of the target but think probability is high of it hitting the target 100% still. *not financial advice* I will post a link to the original chart from last July down below. Thanks for reading, following, and rocket boosting my charts. Much respect.
TVC:DJI
by DrDovetail
2
Be ReadyWe cannot trust the last 2 green candles, strong resistance around 33820 area. This upside movementum is just a correction of the drop that we saw from 35560 area. Good chances that tomorrow it will open with gap down and continue to slide down. Of if it opens with a positive sentiments that it will again hit the road block at 33820 zone. For now the index is not in bulls territory dont be fooled by green days its just dead cat bounce. Next week more news is coming out from the fed so fasten your seat belts for some action. Hit like & follow guys ;)
CBOT_MINI:YM1!Short
by stalkstock