US30 Potential SellsUS30 Has now created a double top and now also broken structure to the downside looks likely to tank down +500points.
I am expecting price to break above Asian Highs for a liquidity grab and then start to show rejections @38570.00 where I will be looking for small time frame confirm for entries with sl@around 38600.00 risking (30points). This may vary depending on how Price breaks Asian High.
So Lets stay patient, looks likely that early sellers will be taken out and enough Liquid grabbed to then fuel the move down.
US30
Us30 BuysIt has broken structure to the upside on the smaller timeframe and now retraced back to demand zone for Buys.
Upon seeing this I set a sell limit for 38160.00 with sl@ 38100 ( 60points) bottom of demand zone.
TP1: 39350.00 TP2: 38450.00
* Where has the market moved since I entered my trade? Near entry
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? confident
* What do I like about this trade ? patiently waited and timed entry
* What do I dis-like about this trade now? choppy
* On a scale of 1 to 10, where would I rate this Trade now? 8/10
* If I were not in a trade now, would I take the opposite trade ?no
Short on US30 US30 has broken out to the downside of an ascending wedge with the trendline going back to the start of November with bearish RSI divergence. Entry on break of support and target at next resistance level @ 36300, I will also keep an eye out for a fib retrace level @ 34200. Happy trading.
US30: Potential Buy Setup at 38030 with DXY Bearish MomentumIn tomorrow's trading session, our focus is on US30 as we identify a potential buying opportunity around the 38030 zone. US30, representing the Dow Jones Industrial Average, is currently in an uptrend but experiencing a correction phase, with the price approaching the critical support and resistance area at 38030.
Adding to our analysis is the bearish momentum observed in the DXY (US Dollar Index), which has a negative correlation with indices like US30. This bearish momentum in DXY typically favors rallies in indices, including US30. Therefore, the combination of US30's technical setup and the downward movement in DXY presents an intriguing opportunity for buyers.
US30 Will Go Higher! Long!
Please, check our technical outlook for US30.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 38013.6.
Considering the today's price action, probabilities will be high to see a movement to 38393.0.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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US30 rising Wedge pattern in Day Frame chartUs30 bullish from last 4 Months, Now its made Rising wedge pattern and RSI is oversold in Weekly time frame. Now its time to active for bear in the market. In Day Frame it did not make any candle stick pattern for bearish trend but in, up coming this week it can make some downtrend and bear will active from that candle. 10% buy 10% sell 80% Wait. So, Wait for 1-2-3 days to get Bear active.
US30 SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
US30 pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 33346 area.
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US30 longs from 38000.0 back upGiven the strong bullish sentiment in US30 this week, the plan is to continue trading in line with the current trend. With recent price action breaking structure to the upside, it has formed a clear 9-hour demand zone. I'll be patiently waiting for a Wyckoff accumulation within this zone.
Once this accumulation pattern confirms on the lower time frames, I'll be keen on taking long positions, especially considering it aligns with a psychological level at 38000.0. Additionally, this zone has demonstrated an impulsive move, leading to a Break of structure (BOS). I anticipate this move to propel US30 to establish new highs.
Confluences for US30 Sells are as follows:
- Price has been overall bullish short term and long term so this is a pro trend idea.
- The 9-hour demand zone has caused a break of structure to the upside.
- There's some liquidity left to the upside that can be taken. Looking at the candle stick anatomy bulls are still looking more dominant.
- I anticipate a Wyckoff accumulation to occur during the ongoing pullback
- Sentiment analysis also sees US30 to be very bullish which is another confluence.
P.S. Given my strong bullish sentiment and the diminishing strength of bears, I wouldn't be astonished if price reverses. This market has been remarkably bullish for quite some time, so a reversal might occur to fill in imbalances or sweep liquidity left below.
Cup with Handle on IBM Attempting to Break $140 Resistance LevelWe have a nice looking Cup with Handle on IBM and it's currently Challenging the $140 Psychological Resistance Level, if it can get above that i think we will see IBM's stock price push towards the $175-$180 measured move. On a side not i also believe the Dow will be the strongest performing Maor US Index and reach all time highs before any other index and that IBM will be one of the more major stock leading the way along with Microsoft and Intel.
Dow Jones (US30): One More Bullish Move?!
Looks like we may see one more bullish movement on Dow.
After a test of a key support, the price formed a cup & handle formation.
The neckline of the pattern is broken and we see a positive bullish reaction
after its retest.
I expect a bullish movement to 38040
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