US30 - BULL safely playing within the upward parallel channelGood day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
US30
From 3rd September we have seen a strong selling pressure of tech stocks which leads the downward fall of US30 and its indicates with the strong bearish engulfing candle and dropped almost 1000 points in a single day And felled below the 50,100 EMA on that day.
From September-03 to September-30 its traded with in a downward parallel channel.
On September 16 its managed to push above the 3EMA and suddenly fell and strayed below the 03EMA and reached September low level which is 26530.
From this the bearish reversal happened and went bullish and formed a upward
parallel channel. Currently the US30 is trading between the .50 And .618 Fibonacci retracement level. And the middle line of the upward parallel channel is acting as resistance for the bull.
If its managed to fell below the channel means the bear will take control of the market until then the bull is remain in control.
The sudden drop on yesterday is caused by the disagreement between Republic and democrats on Second round of stimulus talks.
And the drop was resisted by the confluences of 03 EMA in the same region around 27650. And today US30 is managed to gain back most of the yesterday lose.
And currently .618 Fibonacci is acting as resistance. My bias is towards north until US30 is staying the upward parallel channel
Disclaimer
Its a forecast of the next expected moves Not a financial advice
Us30buy
US30 - bullishBullish on US30. We might get some drawdown first. But I'm not taking any trades until we break the level. But still bullish.
Daily Update--US/30-- Big Chat ViewDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Dow JonesGiven the calm that has returned to the market the Dow Jones index may continue to grow till 24k ...
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Dow strong buy up to 21680?! Inverted hammer!One thing is true the market moves in waves. The dow has now bounced of major support at 18200 and put in an inverted hammer reversal candle formation. 21680 is the first major resistance and an obvious target. Stop just below support. RSI is now pointing upwards and daily MACDH has triggered a buy signal.
All the talk of major stimulus deal combined with unlimited QE from the fed should provide the pump.
As always take some profits off the table as we go up, watch your money management
US30 Long- 4 strong Confluences!I am looking to go Long on US30 as the Entry point i have provided contains 4 amazingly strong confluences. The Fibonacci Retracement to the 78.6% level matches with previous Resistance and Support now acting as Support upon the test; Counter Trendline is also positioned perfectly to the Entry. Finally, if we are looking to carry on the previous Higher Low then this is the perfect level to be going long to continue to 28400 for a Correction.
sell us30 TP:24793SELL US30. TP 24793
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US30 To 30000!?Price approaching to previous highs, looking for a break of the resistance to push price up to 30000 making it the newest highest high.
I will open a buy if price has broken the level and close above, looking for tp to 30000 or nearest.
I will open a sell if price doesnt break the level and closed below.
Once price has reached 30000, there is a shorting opportunity.
Dow Jones - Buy NowYes Dow Jone is in good for buy. Its already crossed the 0.786 fibo level and whenever price moving from down to upward in RSI and crossed the 64.34 (Blue horizontal line) its keep continue the bullish movement.
@ 26994 (this price can be change according to the broker)
TP 1 - 27120
TP 2 - 27135
TP 3 - 27150
SL - 26837
Note: Trade at your own risk high volatility and use money management.
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US30/ USD (4 HOUR) Whatcha See?Been keeping a very close eye on US30. Currently respecting trend line, however strong resistance and pressure is being presented where I have a text at.
Recession on the way? I do believe so, around October-December in my opinion. That's the lovely thing about trading you can be successful weather things are going up or down. Stay prepared, think like the ultra rich from a investing stand point and take advantage if that time comes be greedy THEN.