GOING LONG IN LINKUSDTI am taking a long position in LINKUSDT because at a higher low it creates a bullish hammer after red candles as well as it tests its 0.236 fib level
Let's see what happens next
Dowtheory
GOING LONG IN USDCHFI am taking a long position at USDCHF because after a bearish trend/rally it moves sideways in a range.
After testing support multiple times it will hopefully be going in an upward direction as well as it has a good resistance level at 0.236 fib level
Let's see what happens
GOING SHORT IN NZDUSDAccording to my technical analysis, It is forming an ascending parallel channel by creating a bullish Rally. According to the DOW Theory, it is forming Higher Highs and Higher Lows.
When I pick a trade it is already creating a new High and it needs to be retraced back to create a new Higher Low.
If we see the previous Higher High then it also creates a Shooting Star on Higher High for a retracement. It again creates a shooting star pattern on Higher High so hopefully, it will retrace back to create the new Higher Low.
Let's see what happens next
GOING LONG IN XAUUSDI am taking a long position in the Gold pair because it created a new Higher Low (HL) after Higher High (HH) also according to the fib tool it takes a retracement of 0.236 level.
It also makes an AB=CD Harmonic Pattern so hopefully, it will make a new Higher High (HH) by creating a CD Pattern with the same length as AB
It also creates an Elliot Wave Cycle as a 0 to 1 Point is formed and from Point 1 to Point 2 it takes a 0.236 retracement now it will pump again to make a new Point which is 3
USDJPY Setup For ShortAs it failed to break the resistance (0.5 Fib level) and was rejected its the perfect time to enter for short also according to Dow Theory its still in bearish trend , CandleStick pattern also adds up to it.
USOIL TRADE PLANMy trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
EURUSD UPDATERE- DISTIBUTION PHASE ????
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
GBPUSD UPDATERE-DISTIRBUTION ZONE ????
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
GBPUSD WEEKLY TRADE IDEAMy trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
EURUSD WEEKLY TRADE IDEAMy trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
3090: TABUK CEMENTBullish Trend (HH, HL)
Retracement from 78.6% fib levels
Take your trades as per fib level targets with trailing stop loss
OIL WEEKLY TRADE IDEAMy trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
$SPX following the main principles of Dow Theory to a TThe key to success! - Understanding market structure!
1212: TASI ASTRA INDUSTRIAL GROUPBreakout is observed,
An aggressive Entry @ current level can be taken
Conservative Entry can be taken after retest (formation of HL)
Cup and Handle Pattern
AB=CD Harmonic Pattern
Ascending Triangle Pattern
Formation of HH, HL, Dow theory Bullish trend
Enjoy the ride
Fib Levels and extensions are mentioned for TPs (Long term targets)
Trail your stop loss accordingly
4191: TASI (LONG)Falling Wedge Breakout
Confirmation of Bullish trend (HH, HL)
Take the trade with stop loss
Ride the trend with trailing stop loss
TASI, 2082: ACWATrendline resistance breakout. (Confirmation of false breakdown)
Setup is ready for long.
1- Series of HH, HL --> Bullish Trend; Dow Theory
2- Above Trendline Support
3- Every time it hits trendline support, it takes upside movement
4- Biased: Bullish
Buy @ current level (164.4)
Buy after retest of trendline (162), confirmation of HL
Tight SL @ 153.25
or previous HL@ 145.4
Targets slightly below fib levels
TP1 @ 180.5
TP2 @ 187.5
or as per RR 1:2, 1:3
Ride the trend with trailing stop loss
DJ30 SHORT IDEAAfter the breakthrough of the support bar, and making LL and LH, the price indicates it will be bearish. There's a high possibility of reaching the crossover with the minor and major pitchfork median line. Stop loss at the recent LH and take profit on the crossover. #idea
SHORT NATURAL GASOngoing trade on natural gas—target price nearest median line parallel. So far now the price has breakout nicely and follows the dow theory.
NZDUSD SHORT ideaThe chart pattern formation (Double Bottom) indicates that it's leading to a short trade. It will likely reach the nearest Major median line and minor bottom median line parallel.
what is the difference between trend lines ?? as u can see here in ethusdt there are four trend lines ( three of it are main ) first of all what is trend line categories :-
1- major trend."primary trend"
2- secondary trend ." intermediate trend"
3- minor trend ." near term trend "
_ ( major trend ) dow theory classifies the major trend as being in affect for longer than ayear and it differs from market to another
as example in the commodity markets major trend is anything over six monthes .
_( secondary trend) dow defined this trend as three weeks to as many monthes and its the same for the futures market.
_(minor trend) this defined as anything less than two or three weeks.
*i hope its short and informative.
ETHUSD LongETHUSD is following the bullish pattern of the Dow theory and is making higher highs and lows. The ascending trendline is also acting as a support and it will probably go bullish from here.
DJT Is BullishDJT, a leading economic indicator, is breaking out of a long falling wedge pattern that targets the all-time high daily candle body closes. This is yet another piece of the puzzle suggesting a much better second half for this year. Bollinger bands squeezing so tight and multi-month divergences are also indicating that it won't be a small move.
Dow Theory Non Confirmation Spells Trouble for BitcoinETHUSD made new highs recently while BTCUSDT faltered.
We should see both prices decline in the coming days and weeks after this reversal signal.
