Us30analysis
US30/WALLST35750 IS The top of this. I look at Weekly charts for this kind of trade.
With a Good spot on stoploss.
WIth higher Take profit zone. But this is not a signal, this idea are for reference only.
Trade base on your own decissions. Follow for more.
FOr daily FX market ideas and chart analysis.
Dow Jones -> Fighting The Little Brother NasdaqHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of DowJones 💪
With the recent retest of a previous monthly resistance level, now turned support, and in confluence with a retest of the 0.382 fibonacci level the Dow Jones started a new bullrun which will certainly continue going into 2024.
On the weekly timeframe the Dow Jones just broke above a major previous weekly bearish trendline and since then created a solid +5% rally and with the recent bullish momentum I simply do expect the creation of a new all time high soon.
I have also been bullish on the daily timeframe on the Dow Jones for quite some time and so far everything payed off nicely - I am still waiting for a drop though to then scale into more buys on the Dow Jones to perfectly ride the next bullish wave.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
DeGRAM | US30 market previewUS30 reached a major resistance level.
Price action is testing the confluence level, which is the fibo extension level and resistance.
The market is in the supply zone, where it has dropped from this level before.
We expect a pullback from the resistance.
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Dow Jones Index (US30): Sideways Movement & Forecast
Dow Jones Index is currently trading within a horizontal intraday range.
Its upper boundary was reached on Friday.
Testing that, the market formed a descending triangle formation.
The neckline of the pattern was broken.
I think that the consolidation will continue on the Index
and it will reach 34300 level soon.
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US30 Potential Bearish MovePrice reached daily resistance and formed strong bearish reaction. It broke previous low and formed new support 33600. Price is testing previous low and significant zone 33900. I expect to see bearish move, but if price breaks this zone then we will likely see bullish pressure.