SasanSeifi 💁♂️ DOWJONES / 4H ⏭ 33400 ?HI TRADERS ✌
As you can see, the desired scenario of the DowJones index is specified on the chart.Currently, it is trading in the range of 33246. I expect the trend to grow to the liquidity range of 33400. Then it will be corrected by collecting liquidity from the 33400 range, we have to see how it will react. If it stabilizes above the range of 33400, the target of 33700 can be considered. Keep in mind that maintaining the 32,900 range is important for the continuation of the positive swing.
let's see...
❎ (DYOR)...⚠⚜
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Indexes
Dow Jones Index (US30): Key Levels to Watch This Week
Here is my latest structure analysis for US30 Index.
Support 1: 32470 - 32650 area
Support 2: 31700 - 31975 area
Resistance 1: 33475 - 33660 area
Resistance 2: 34300 - 34500 area
Resistance 3: 34820 - 34900 area
Vertical Resistance 1: major rising trend line.
Currently, the market is approaching a confluence zone based on Vertical & Horizontal Resistance 1.
Probabilities will be high to see a pullback from there.
Consider the underlined structures for pullback/breakout trading.
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Dollar Index (DXY): Key Levels to Watch 💵
Here is my latest structure analysis for Dollar Index.
Resistance 1: 105.3 - 105.8 area
Resistance 2: 106.8 - 107.2 area
Resistance 3: 107.80 - 108.area
Support 1: 103.6 - 103.95 area
Support 2: 102.25 - 103.2 area
Vertical Support 1: rising trend line
Consider these structures for pullback/breakout trading.
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Dollar Index (DXY): Key Level Ahead! Your Plan: 💵
Bull run continues on Dollar Index.
Ahead is a key horizontal resistance.
Next week, watch carefully the reaction of the price to 105.3 - 105.8 area.
If the price breaks and closes above that on a daily,
one more bullish wave will be expected.
Next goal will be 106.8
Alternatively, the price may also retrace from the underlined area.
If I see a confirmation, I will post an update.
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Nasdaq-100 Index (US100) Short Trade Explained
Nasdaq Index is approaching a key daily structure resistance.
The price has formed a descending triangle formation on that on 1H time frame.
Its neckline was broken, and an hourly candle closed below that, confirming a highly probable coming bearish movement.
Next support: 12000
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S&P500 Index (SPY) Time For Pullback 📈
S&P500 index reached a daily horizontal support.
A doji candle was formed on that.
Today, bulls started to push.
The price broke a resistance line of a falling parallel channel.
I expect a pullback to 4040 / 4060
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DOLLAR INDEX (DXY) Bullish Continuation 💵
Update for my yesterday's post on Dollar Index.
The market successfully broke the neckline of a triple bottom pattern on 4H.
We see a positive bullish reaction after a retest.
A bullish continuation is expected now to 104.56 / 104.95
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Dow Jones Index (US30): Detailed Technical Outlook 📈
Dow Jones is consolidating within a horizontal trading range for more than 4 weeks.
Depending on the reaction of the price to its lower boundary,
the market may drop sharply.
To confirm a coming bearish wave, wait for a bearish breakout of 33450 - 33660
and a rising trend line. We need a daily candle close below them 2 to confirm the breakout.
A bearish continuation will be expected then.
Goal will be 33060.
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Dollar Index (DXY): Your Detailed Trading Plan💲
We have spotted earlier a confirmed structure breakout on Dollar Index.
The market is retesting that at the moment.
To catch a bullish move from that with a confirmation, watch a double bottom pattern on 4H time frame.
104.05 - 104.09 is its neckline.
Wait for its bullish breakout, we need a 4H candle close above that to confirm the violation.
A bullish continuation will be expected then to 104.55.
If the price sets a new lower low, the setup will become invalid.
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Dollar Index (DXY): Bullish Outlook For Next Week Explained💲
Hey traders,
I see 2 very important bullish clues on Dollar Index on a daily time frame:
first, the price successfully broke and closed above a falling trend line,
then, a resistance of a narrow horizontal trading range was broken.
Now, the price is preparing to retest the broken structures.
I will expect a bullish movement to 105.1
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Dow Jones Index (US30): Detailed Technical Outlook 📈
Price action analysis on US30 Index.
Key levels & the things to watch.
Your detailed trading plan.
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Nasdaq-100 Index (US100) Bearish Outlook Explained
Nasdaq reached a key daily supply zone last week.
The market was rejected heavily from that.
Analyzing a 4H time frame, I spotted a confirmed bearish reversal:
the price formed a double top pattern and closed below its neckline.
The index may drop soon to 12279 / 12058
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US30 Outlook 2/5US30 price action hasn't been pretty over the last week, I still see reasons for it to appreciate, but I think the low of last week could be taken out first. Either way I don't love the PA and probably wont be trading it in the short term.
Dollar Index (DXY): Bullish Continuation Ahead 💲
Dollar Index reached a key daily structure support this week.
The price gapped down and closed below that on a daily.
It turned out that it was a false breakout.
The market bounced sharply on Friday, forming a high momentum bullish candle.
I think that the index may go higher.
The goal for buyers is 103.3 level.
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Dow Jonex Index (US30): Your Trading Plan For Next Week
Dow Jones was nicely rejected from a horizontal key resistance.
The market is currently growing within a rising channel on 4H.
I would look for shoring opportunities after its support breakout.
Wait for its violation and then sell aggressively or on a retest.
Goals: 33570 / 33315
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Nasdaq-100 Index (US100) Important Breakout
After the yesterday's rate high, US100 index broke a key daily structure resistance and closed above that.
The broken structure turned into support.
The index will most likely keep growing.
Next resistances: 12769 / 13130
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