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Dow Jones US Stock Market (Stonks. Really?)View On Dow Jones US Stock Market (21 APR 2021) Dow Jones took a decent pullback as there are no more "good" news to support the future rise of it. I am expecting it is rather a "healthy" pullback and you can follow it on the short side (counter trend) Or wait at strong support region to get in at the cheaper prices. 33.6K will be an immediately Support level. Seeing 33K and 32.5K shall be reachable. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:US30USD
by SonicDeejay
Dow Jones US30 IdeaTarget: 34000.00 From checking all the Dow Jones stocks they remain in trend for the upside and economic recovery is still on the rise, there are a few fundamental possibilities involving the DXY that are potential red flags which could possibly effect our longterm target of 35000.00. A break below the 1 year trendline we will see how it reacts to the 0.618 fibonacci level. DJCFD:DJI OANDA:US30USD CURRENCYCOM:US30 CURRENCYCOM:US30 CAPITALCOM:US30 GLOBALPRIME:US30
OANDA:US30USDLong
by progrowthcapital
8/10 BEARISH DIAMON PATTERNHey dear community, this one is an educational one. Introducing the Bearish Diamon Pattern. So, basically, this pattern is a bearish pattern, which appears at top levels, as well as an inverted version of it at possible or temporary bottoms. Therefore I used this Key takeaway from Investopedia, which helped me a lot and I wanted to share with you: -Traders use price patterns such as pennants, flags, and double bottoms and tops to forecast profitable trading opportunities and explain market dynamics. -One useful price pattern in the currency markets is the bearish diamond top formation. -The diamond top signals impending shortfalls and retracements with accuracy and ease. -A diamond top can be located by isolating a head-and-shoulders formation and applying trendlines to the peaks and troughs. -Utilizing price oscillators with the price pattern can increase the accuracy of a trade by gauging price action momentum. -Key levels are 30000 -Expect to trade within the extended range of the Diamond. -RSI looks okayish, there's is plenty of room growth, as well for the downside. This pattern will possibly reach the right end of the diamond pattern. Let´s see if this works on the Dow Jones (US30). Happy trading everybody!
TVC:DJIShort
by GER-Quality-Trades
Corrective move could be in it's final fase.Dear traders, According to my wave count we should be nearing the end of the correction that has been going on this entire month. 26300 is my final target before I expect the bulls to really wake up again. This area has been a battleground before. During this year's summer we've seen it as both resistance and support, and also last year this area was of importance to many traders. A succesfull rebound means we can start looking back up again to finally try and beat the 30k. Don't worry too much about the US presidential election yet. It's still 6 weeks from now and during that time a lot can happen on the market. So for now my strategy remains selling the rallies until either my target has been reached and/or the bear channel has been broken to the upside. Click on that follow button if you want to enjoy regular updates on major indices, commodities and forex :-) Best regards from The Netherlands and remember: always use stops when trading!
TVC:DJIShort
by vanfleetdaniel
Dow Jones - Wave 5 in the making?Im looking for a last leg up towards the February top near 30.000 before I expect a larger correction. Perhaps the 5 wave correction is already finished but I see a bit more room down (circa 300 points). Next week the bulls should show their faces or else its to the graveyard with this one. For the longer term its important to quickly conquer that February top or we'll end up with a double top. And remember: when you see a double top, you sell a double top.
TVC:DJILong
by vanfleetdaniel