US30 - SHORTPrice approaching key resistance.
Plan:
Wait for bearish price action at the top
OR
Break of trendline - Stops above the high
TP - 24200
Us30-short
DJI 30 SHORTWe see that DJI 30 has reached a critical reversal zone. We wait until 15:00 UTC to determine if price will reverse or go on to a continuation.
Will update on when to enter the sell/buy order. For now, the index looks like a sell.
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 !!
STOCK MARKET CRASH PENDING...price will bounce around 25k-30k before the next president is elected. Bernie sanders will win. once stocks start to tumble the crash will be put on the corona virus and upon sanders and his socialist stance. Crude oil will dip down to $42 per barrel. you heard it hear first.
US30 11/10/2019Hello Traders!
We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SmartMoney must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SmartMoney.
CHARTS AGENDA:
BITCOIN SIGN - MONEY POCKET - LIQIUDITY
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS - LIQIUDITY MARKUPS
BLUE LINES - ENTRIES WITH SMARTMONEY
MARKED LINES - PREVIOUS ENTRY POINT
BOX - GAP's
Don't forget to like if it was helpful to you. We appreciate likes and comments.
Thank you,
GOD BLESS U ALL!
US30 SHORT IDEAI am looking for Market to break and retest 25876, which is where i'll be entering for a sell!
US30 SELL/SHORTHi all, this is not a trade to take at the time UNTIL WE SEE a breakout of the trend line AND A RETEST! Of course, price can continue bunny hopping up and respecting the trend line so take this trade under the two requirements mentioned! Break and retest!
Us30 Short Idea *updated* 7/22Waiting for a break, retest before entering for a sell!
*This is based off a strategy i am backtesting*
US30/USD Short Swing Trade Opportunity Price Action (Technical Analysis): We are currently at our yearly resistance level and start to speculate price consolidating indicating us that Buyers are decreasing momentum as we anticipate our next move being in a Overbought market, would be our markets distribution phase. Last time price got that high, we saw multiple pushes down. Seller momentum overload, purely Price Action analysis would tell us to short US30 until 24794.
Fundamental Analysis: Knowing this week will be a very important week for all currencies as 20 Nations will come together also putting an end to this trade war, I see price not making as much impulsive moves breaking it's consolidation market until further news is released.
