US30 near the resistance lineBoth of my previous predictions came true.
During an extended strong rally, the price first reached the resistance line (and broke through it).
Then it continued to grow from this line, as if by instructions, having risen to the next resistance line (we were expecting this to open a buy).
At the moment, the price has almost approached the line.
I expect her to touch her.
The first touch of this resistance line was in February 2020.
Plus, the price advance was quite strong before that.
I expect that the price will not be able to break the line.
The target is the support line.
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Us30-short
US30 FALL after strong growthIn my previous forecast, it was said that after breaking through a strong support line, the price should return to this line and then rise.
As we can see, the price did not even need a large correction - almost immediately after the breakout, it went up.
This was expected as the support line is very strong and has existed since 2008. The fact that the price was able to break through it minimally and then rise was a good sign.
As a result of its growth, the price even managed to break through the support level. But now she has reached the line of resistance.
I expect that in the near future the price will reverse from this line and begin to fall. In this case, I expect a target - the support level of 27457.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
US30 - DAY TRADE VIEWUS30 - As per the hourly chart and candles it's losing the strength and about to break the trend.
My approach will be a sell here at current price 28690
Maintain stop loss around 28740
Potential downside target 28615 - 28530
Follow the levels as mentioned on the chart and written here in the description.
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US30 go DOWNThe price is now on the resistance line. And in the future, I expect the price to go down to the support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
US30 shortDespite the breakdowns of the lines, the price came to the resistance zone. And I expect it to roll back down. The target is the nearest support level of 27431.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
US30 may CRASHWell crash is abit exaggerated but i think US30 will continue to fall throughout the week with alot of pips to be caught!
As you can see last week price failed to make a higher high and rejected a major resistance level, price has plumeted breaking all previous key levels and it doesnt look like its stopping any time soon.
We are currently breaking another support level, we are simply waiting for a break and retest nothing complicated thats how we like to trade here at AshFX, nothing complicated about that right?
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US 30 - DAY TRADE VIEW.US 30 - I am expecting a downfall here, Trade as per the levels mentioned on the chart, You can sell at the current market price or can wait for the support breakdown for a strong confirmation. Follow the levels as mentioned.
All the best cheers ....Happy trading
Traders, If you liked my analysis or have an opinion about this given levels , write in the comment section.
Thanks !!
US 30 - DAY TRADE VIEW.US 30 - I am expecting a downfall here, Trade as per the levels mentioned on the chart, You can sell at the current market price or can wait for the support breakdown for a strong confirmation. Follow the levels as mentioned.
All the best cheers ....Happy trading
Traders, If you liked my analysis or have an opinion about this given levels , write in the comment section.
Thanks !!
US 30 Weekly Analysis.Refer the chart for detailed analysis ;
US30 - Seems to be following the zig-zag pattern, last closing is on a weaker note. The approach should be SELL ON RISE and the proper stop and potential downside is already mentioned over the chart.Meanwhile I will keep posting DAY TRADE VIEW on this so stay tuned to get updates with any changes in the market scenario.
Traders, If you like this analysis hit the like button, and if you have any points to discuss regarding this trade, Write in the comment section.
Cheers..Happy trading..Thanks !!
US30 Market Forecast for the upcoming weekThis is my analysis on the Down Jones Industrial Average Index on a 4 hour chart. Pretty self explanatory.
Looking to catch the longer term downside move
Is it 96’?🤔... I have a Reasonable Doubt 🐻Summary
Touché. I just can’t knock the hustle 🤷🏾♂️. We told them bulls to fill the gap convincingly with high volume and closing candles. They tried. We watched futures this week as they sped through resistance line after resistance line in the overnight sessions.
Maybe they could take us higher? Well they tried.
Still no volume, still no broad market buying or fundamental economic changes in outlook. Certainly nothing that warrants a long positon. IMHO.
My Plan
Nothing much has changed since the last post.
Really im still focused on 3 indicators for this afternoon that could signal a big move (up or down.)
1. Volume relative to breakthrough @ S&R lines
2. Reversals of gaps (just saw 25200/25500 reversal) 15:00UTC
3. Institutions selling off “vaccine stock”
Do we roll over today? I don’t think so...
Unless we see more red flags
- Continue to take profit sideways.
- Targeting 20 pips in either direction (Ripn’dip mode) in the afternoon session.
- Holding all short positions down to the 23300/22800 TL
- If we close above 25500 but below 25600 (watch overnight Highs and Lows)
- If we close below 25200... expect to attempt the 25600 line again tomorrow before rolling back.
- Adjust stops up to stay in play for the big short - and play again tomorrow.
Currently Short Hedged at 3:5
Outlook
‘Twenty Two Twos‘: “Can the Short on the ‘US30’ work in the longer term?“
‘US30’: “can I live?”
I’ll confess the doubts are growing... but its not reasonable to assume long postion as yet - at least until the signals match up. Be your own judge and jury but ... “I’m out for dead presidents to represent me” - just like you.
Quote
“Only two things can get you through this: that’s patience and persistence.” – Jay-Z
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Charles Sankara. Global Traveller.
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Dow Jones US30 short - Supply Demand - Trend Line, Corona VirusHello Traders!
Time for Dow Jones US30 Analysis.
Chart Analysis:
On Dow Jones we had a huge drop due to the Corona Virus impact. But like we can see the price made nice move to the upside. For me this is only a correction move. It is right now about to retest the Trend Line. Also there we got a weekly Supply Zone. I also marked some important Support Resistance Lines.
What can we expect:
We can expect a big drop on US30. But for now we need to wait that the price will push again higher into the weekly Supply Zone and to wait for a nice Price Action Confirmation.
Why the drop makes sense?
#1 Based on the chart analysis we can clearly see that this is only a correction move. After such a big drop we need to see some correction.
#2 Corona Virus
- The impact of the corona virus. We should not underestimate them. They are here and they are going to come bigger and this will also be reflected on Dow Jones.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
US30 - Bull flag or Impulsive wave (Bullish scenario)Hi Traders,
After short break I am back ready to fight dragons and other scary creatures (like Trump) with my TA :)
So as you can see, entire Uptrend from low looks like bear flag. In my opinion can be market as first impulsive wave. Nearest strong support marked with green line (0.5 fib retracement.)
So we could dump to 21570 area. wait for abc corrective pattern visible on 1H TF.
I think entire move could be marked as ABC correction as well, so It will be next analysis (Bearish scenario).
Have a nice weekend ;)
US30 Short baby YEAAAAAHRide this roller coaster down and enjoy profit taking along the way! Who wants to be a millionaire????? Then lets go!!
Still Bearish on US30Given the current pandemic, I still have a bearish outlook on US30. The effect it's having on the economy is just beginning, IMO, things may and can get worse, but we'll have to see about that. As you can see, it was a rising wedge, then it sold off a decent amount. Price is currently in a demand zone ( former support) and is having trouble breaking through. I think this current retraceent we are in was bound to happen plus the release of the stimulus checks helped out a bit. Price has remained below the 61.8 fib level for a few days and it's even having trouble surpassing the 50% fib. Possible double top forming in the area we are currently in, then maybe a head and shoulders pattern will be created before a nice drop to the down side. Things may be totally different if a cure is found though, that will really shake the market up. What do you think? I'm very open to all opinions and other analysis !!