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Dow Jones Index (US30): How to Catch Bearish Move 📈 US30 is currently retesting a strong horizontal structure resistance. Taking into consideration that the index is trading in a bearish trend, we can catch a nice trend-following opportunity from that structure. To short with a confirmation, watch a rising parallel channel on 1H time frame. Your need to wait for a bearish breakout of its support first. Once we see a candle close below that we will expect a bearish move to 32.200 / 32.000 levels. If the price breaks the blue zone to the upside though, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
7
DOLLAR INDEX (DXY) Consolidation and Indecision 💵 As we earlier discussed, Dollar index reached a major weekly structure resistance. The price is coiling on that for a couple of days already. Analyzing a daily time frame, I spotted a classic inside bar formation. Technically speaking daily candles are currently trading within the range of the 28th of April candle. It looks like the market participants are waiting for some trigger and currently are very indecisive. To clarify the future direction of the market, wait for a breakout of the underlined range (you need a daily candle close above/below to confirm the breakout). If the price breaks the lower boundary of the range, I will expect a correctional move to 101.5 structure. If the price breaks its upper boundary, I will expect a bullish continuation to 105.0 level. Let's see what will happen. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
42
Dow Jones Index (US30): Bearish Outlook For Next Week 📈 Hey traders, As you remember, one week ago Dow Jones broke a horizontal trading range to the downside. Its first retest made the market drop to 33100. Then we got 1 more retest and this time the index dropped even lower reaching 32900 level. I assume that next week we may expect a bearish continuation in such a manner. The next goal for sellers is 32200 - 32450 demand cluster. Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
15
MarketBreakdown | GBPUSD, USDCHF, BITCOIN, S&P500 Hey traders, here is a brief technical outlook of 4 peculiar instruments in my watch list. 1️⃣ GBPUSD - Weekly time frame 🇬🇧 🇺🇸 The pair keeps falling. It looks like the price violated 1.267 key weekly structure support. Analyzing the historical levels, it looks like the pair can easily go much lower. The next support on focus - 1.225 structure. 2️⃣ USDCHF - Monthly time frame 🇺🇸🇨🇭 The price has recently broken 0.947 major structure resistance. Now I expect a further bullish continuation to 0.975 3️⃣ Bitcoin - 3 days time frame ₿ BTCUSD is approaching strong daily structure support. Taking into consideration that we still remain bullish biased, I would expect a bullish move from 37.000 - 37.600 area. 4️⃣ S&P500 Index - Daily time frame 📈 SPY is approaching year's low. Taking into consideration that the market is quite oversold, I expect a pullback. However, be prepared for a breakout attempt. Bearish violation of the underlined zone may trigger a further bearish continuation. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
20
Dow Jones Index (US30): Very Bearish Outlook 📈 Hey traders, After a 1-month long consolidation, US30 broke and closed below key daily structure support. Taking into consideration that the market is trading in a long-term bearish trend, chances are high to see a bearish trend continuation next week. Next goal for sellers is a 32200 - 32700 demand cluster. I will post an update once I open a short position. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
21