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Dow Jonex Index (US30): Top-Down Analysis & Trading Plan Dow Jones Index is testing a peculiar zone of confluence on a daily: we see a perfect intersection between a horizontal support and 382 retracement of the last bullish impulse. Analyzing 4H time frame, I see a falling wedge pattern. To catch a pullback with a confirmation, I suggest looking for a bullish breakout of the resistance of the wedge. 4H candle close above will confirm a violation. A bullish continuation will be expected to 33970 / 34040 levels then. Alternatively, a bearish breakout of the underlined blue zone will push the price lower. ❤️Please, support my work with like, thank you!❤️
BLACKBULL:US30Long
by VasilyTrader
5
SPX on Weekly Resistance Trendline: Is It Correction Time?The S&P 500 index ( SP:SPX ) currently faces a pivotal juncture as it encounters a resistance trendline near the $4400 level. This price region assumes significant importance and necessitates close monitoring to assess potential market dynamics. Should SPX successfully breach and sustain a close above the $4400 resistance this week, it could portend the initiation of a bullish phase, with a notable target at the subsequent resistance level of $4550. This scenario suggests the possibility of further upward momentum for the index. Conversely, a failure to overcome the resistance barrier at $4400 may indicate the likelihood of a corrective phase or the continuation of the prevailing range-bound trading conditions. In such circumstances, it is prudent to exercise caution and consider the potential downside risks. It is worth noting that SPX recently exited the bear market territory, achieving the significant milestone of a close above $4190. This level represents a noteworthy 20% increment from the index's lowest point in October 2022. This development signals a discernible shift in market sentiment and serves as a reference point to assess the underlying strength of SPX. To make well-informed trading decisions, it is imperative to closely monitor the price action of SPX, particularly its ability to surmount the resistance trendline at $4400. Analyzing the index's response at this critical level will offer valuable insights into its near-term direction and potential opportunities. What do you think will happen next? Leave your comments below. Disclaimer: This trading idea is for informational purposes only and not financial advice. Conduct independent analysis and exercise due diligence before making trading decisions. Trading involves risk, and past performance is not indicative of future results.
SP:SPX
by arielfuggini
1
$EUR50 - Recession - Eurozone OANDA:EU50EUR is officially in Recession due to two consecutive negative quarters in a row. The Euro-Zone entered a Recession in the first quarter of this year and economists are not optimistic for the coming months. Having said that, its Index OANDA:EU50EUR continues to hold its head up high, but the question is, how much longer will it maintain to do so ? Will the situation get better for Europe or domino effect has just gotten started ? TRADE SAFE *** NOTE that this is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking on any trading activity based solely on this Idea .
OANDA:EU50EUR
by Mr_J__fx
$DXY - 'ABC' Waves Completed - The Dollar Index TVC:DXY seems to have completed Wave C of its A-B-C Elliot Waves Correction, today on ECONOMICS:USINTR Fed's announcement. TVC:DXY must hold the lows of Wave C at 102.6 and 1 level of Fibb' Zone, otherwise, its macro downtrend from 114 High will be printing another Bearish Lower High This, however, would be a fantastic opportunity for The Financial Markets to explode more on their uptrend resumptions . TRADE SAFE *** NOTE that this is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking in any trading activity based solely on this Idea .
TVC:DXY
by Mr_J__fx
$SPX500 - Breaching Macro Golden Zone - FX:SPX500 breached through Macro Fibbonaci Golden Zone, taken from the Highs of 4812 $ to the lows of 3489 $. Although managing to do so, must be noted that FX:SPX500 is Dead in Volume(below average volume) and overbought in RSI . Weekly Close in 2Days 13hrs. Regarding it's Price Action, the overall condition of current uptrend still intact, as long as it maintains the support trendline and remains above HL (to have a BoS). TRADE SAFE *** This is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking in any trading activity based solely on this idea
OANDA:SPX500USD
by Mr_J__fx
DJIA Is Bullish, Bouncing Away From The 61.8% Fib Stocks are bullish for the last few weeks, and some of indexes are finally breaking higher on speculation that FED is going to pause the hiking cycle. US CPI print also came out lower than expected, 4% down from 4.7% so there is even greate chance that FED will be on hold soon. When that’s the case stocks can move higher much easily, but still keep in mind that for higher stocks dovish times are the ideal, but hold is not dovish, and we forget this too many times. Anyway, looking at the DJIA, the trend is in a recovery mode and looks like more gains can be underway after first correction down to 61.8% Fibs back in March followed by five waves rise and then another perfect minor A-B-C drop again into 61.8% Fib. This is definitely the Fibs that needs a lot of attention and so far we can see a nice turn higher with price threatening 34276 level. Ideally a daily and weekly closes above that figure opens room for 35631.
OSE:DJIA1!
by ew-forecast
$DXY -Ballads of Dollar $- Monitoring The Dollar Index TVC:DXY and constantly keeping an eye on its Price Action packed with Stories to Tell , is very important in your Trading Journey. TVC:DXY its ; The best Strategy, the best Signal the best Indicator Why ? Because it's a Dollar Story ! As the phrase goes : 'Paper Rules the World' And so it does, to the average man working 9-5 having no aspiration to know the dark valleys of this World. And so it does, regarding us that are involved in Trading Financial Markets. While the most valuable of fiat currencies out there is The Mighty Dirty Dollar to whom the whole Economic System is based upon, it's a must to be diligent and vigilant over The Dollar Index's TVC:DXY price action stories. TRADE SAFE *** This is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking in any trading activity based solely on this idea
TVC:DXY
by Mr_J__fx
Dow Jones Index (US30): Bullish Reversal 📈 Dow Jones reached an important wide horizontal demand zone on a daily time frame one week ago. The price started to consolidate on that and formed a double bottom pattern with a higher low. Today, after the NFP release, the market bounced and set a new local higher high, violating the neckline of the pattern - the last lower high. It looks like a classic bullish reversal pattern. The index will most likely keep growing to 33540 ❤️Please, support my work with like, thank you!❤️
ULong
by VasilyTrader
2