Dowtheorybullish
1303: Dow Theory HH, HLClassical Dow Theory; Formation of HH, HL
Taking rest for a while
Entry now or after support
Enjoy the trend
1304: Yamama Steel (Series of HH, HL; Dow Theory)Series of HH, HL
Price has just crossed recent resistance (short term) and touching another resistance level
Buy above resistance, keep SL intact at the levels
Trail your SL accordingly
Manage your risk properly
AUDUSD: Bullish Divergence Signals Long Opportunity📉 Overview:
AUDUSD, post-downtrend, exhibits a bullish divergence, hinting at a potential reversal. With a strong 90% long market sentiment, the analysis suggests a long trade upon the break of the last lower high (LH).
📈 Technical Analysis:
Bullish divergence after the downtrend provides a promising signal for a potential upward move.
📊 Market Sentiment:
With 90% long sentiment, there is substantial support for the expected bullish reversal.
📉 Trade Strategy:
Consider entering after the break of the last LH, aligning with the bullish divergence and overall market sentiment.
🛑 Risk Management:
Implement risk management measures, including setting stop-loss orders, to mitigate potential losses.
📈 Conclusion:
AUDUSD offers a favorable long trade opportunity, supported by a bullish divergence and strong market sentiment. Monitor for the break of the last LH and adapt positions accordingly.
Can Nasdaq Make a Major Move in 2023?
Sharing my technical analysis on Nasdaq NASDAQ:NDX , sharing what the critical levels to watch, trend analysis, and potential trading opportunities are.
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USDZAR 4H BULLISHUSDZAR
BULLISH TREND : 4H
Trade Plan
Entry Price: 19.15014
Stop Loss : 18.63922
Take Profit : 19.66106
8030: C&H Formation (Dow_Bullish)Classical C&H pattern formation
Series of HH, HL
Ride the trend.
Trade with trailing SL
Manage your Risk properly
2350_Trendline Breakout (Bullish Setup)Price has taken support at C&H formation target.
HH, HL in formation.
Price has reached a strong horizontal level (acting as resistance)
Take Entry after Breakout of horizontal level (Resistance); will be converted to support.
SL and TPs are specified.
Trail stop loss accordingly.
4002_Cup and Hanlde Formation (Bullish)Classical Cup & Handle Formation
Series of HH, HL
SL and TPs are specified
Ride the trend with trailing stop loss
Manage Risk properly
2281 (Bullish Setup. AB=CD, C&H Formation)Price has taken support from important zone
Trednline, Horizontal Support confluence
Price is in Uptrend (Formation of HH, HL)
Completion of AB=CD targets
New formation of AB=CD in process
Cup & Handle formation is in process
SL and TPs are specified
Ride the trend with trailing SL
2083 (Potential Trendline Breakout)Price is near Trendline Resistance.
Bulls need stronger push for breakout.
Price is expected to take correction (RSI, Hist Bearish divergences 1D, 1H)
Accumulate now and if the price goes down for a long ride (Aggressive entry)
Enter after breakout of trendline resistance (Conservative Entry)
Ride with trailing stop loss.
ACWA 2082: Cup & Handle formation (Bullish Setup)Cup and Handle Formation is in action.
Trade with specified stop loss.
Trail SL to ride the trend.
Manage risk properly before taking trade.
DOW THEORY-STOCK MARKET TECHNICALSHoe to plot the Dow theory on charts
Remember the words
HH Higher High
HL Higher Low
EH Equal High
LL Lower Low
LH Lower High
EL Equal Low
4013: Sulaiman Al-Habib (Rising Wedge Breakout and Retest)Continuously in Uptrend within Ascending Wedge
Completing several triangle targets
Recently, Breakout of Rising Wedge Top (Trendline) and Retest observed
Hidden Bullish Divergences are observed on Daily and Hourly TF
Entry at CMP with specified SL (aggressive entry)
Wait for another green candle for entry (conservative entry)
Targets are specified, ride the trend with trailing SL.
2010: SABIC (Dow Theory)Classical Dow theory in picture
AB=CD pattern in formation
Wait for breakout of B which will be new HH
Short Trade Setup
1- Entry at Current Price 94.6 or 94.2
tight SL 93.4
TP 96.8
Long Trade Setup
2- New Entry 98.2 (on green candle closing)
TP 101.2
SL 97.2 (or previous candle bottom)
2340 (Trendline Resistance Breakout)Strong Falling Trendline Resistance breakout observed
Formation of HH, HL
Good Short setup with tight SL
Trail with stoploss after watchout level (Dotted Black Line)
2310: SAHARA INTL. (Falling Wedge Breakout and Retest)Price moving within Falling Wedge for quite some time.
Breakout and Retest is observed
Formation of HH, HL
Support from MA 50,100 (Cross) -->1H TF
Support from EMA 200 (Cross) -->1W TF
Fib Levels and Horizontal Suppport Levels are marked for TPs
possible formation of AB=CD in process
Trade with Stop Loss
Ride the trend with trailing stop loss
SABIC 2010 (Breakout and Retest)Moving within Falling Wedge
Breakout and Retest is observed
Formation of HH, HL
Support from MA 50,100 (Cross) -->1H TF
Trade with Stop Loss
Ride the trend with trailing stop loss
4061_ANAAM HOLDING (Triangle Breakout)Triangle Breakout is observed with good volume
Reversal from Support Zone
Formation of HH, HL
Entry at current level (Aggressive)
Wait for retest/formation of HL (Conservative)
Stop Loss is specified
fib/support levels are mentioned for TPs
Ride the trend with trailing stop loss
7203: ELM (Potential Bullish Setup)ELM is moving in consolidation phase for quite some time.
Price is in upward trend on higher time frame.
Watch for channel breakout
Trade with proper stop loss
