Us30-short
US30 good time to sellSince June 2020, the price has been moving in an upward channel.
At the end of October, it broke through the lower line of this channel - the support line. But it immediately rose and returned to its previous position.
After this breakout, the price was growing steadily.
Now it has come to the upper border of the channel - the resistance line.
Bounced off her. Corrected. And it starts to fall again.
This is a good time to open a sale.
SL - above the resistance line.
TP - along the line of support.
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US30 will FALL after short growthAt the beginning of this week, the price showed a strong movement; within one day, it rose rapidly. During the growth, it was able to break through two support lines at once. One of which is very strong on this chart.
It has been running since January 2020.
We see that during the growth, the price approached the resistance line - it is the line of a short upward. However, it began to fall without touching it and is now close to the support line.
Since the price recently touched this line and is now growing, this can be regarded as a correction and consolidation. Therefore, I think that the price will rise first and come to the resistance line. And then it will fall to the support zone at the intersection of the two support lines.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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 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.
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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.
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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.
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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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Bio 🅱️:
Charles Sankara. Global Traveller.
Equity Day Trader. Founder. Ex-Company Director. 10yrs @ Global Investment Bank
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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.