US30 approaching support, potential bounceUS30 is approaching our first support level at 24154 (100% Fibonacci extension, 78.6% Fibonacci retracement, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26251 (horizontal swing high resistance, 100%, 61.8% fibonacci extension, 76.4% fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Us30cash
US30 approaching support, potential bounce! US30 is approaching our first support at 24150 (100% Fibonacci extension , 78.6% Fibonacci retracement , Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 26262 (100% Fibonacci extension , 78.6% Fibonacci retracement , Horizontal swing low support).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
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Dow Jones- Week Ahead 28th August 2016Dear traders,
Market sustain drop pressure as we advised before, while trades below 18670 may push market for farther drop toward 18300-20 zone. From that zone 18300-20 will expect market to head for rebound correction which will be protected by 18245 support level
Support Resistance
Level 1 18300-20 18510
Level 2 18240 18600
Level 3 18100-60 18670
GL
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DOW JONES 16th April 2016US30 Dow-Jones
17894
As we see over our previous chart, market managed to hold trades above support 17480 while broke the triangle formation as we see over the chart which managed to fuel the Dow rally so far
market built support zone at 17690 – 17730 where as long as market holding above this zone will expect market to sustain advance toward 18000-100 zone
below 17690 market may head again to test 17550 zone
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US 30 Correction again? Potential US30 correction
Price rejecting the downward trending high points making lower highs.
Brexit is causing some trouble with potential weakening of the Pound/EUR
MACD is showing divergence above the 0 level and could indicate price to go higher
Daily candle shows high test / doji.
Could wait to see if it turns around or keeps going..?
Thoughts?
Short on US30 SELL SELL SELL !!!I personally have been short on this pair since December :)
Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so
There are many reasons for this setup Fundamentals and technicals
FUNDAMENTALS
- jubilee year ?
- shemitah Year ?
- every 8 years a financial crisis
- FED raising rates to signify economy in a recession
- The possibility of QE4 ?
- A possible world disaster ?
i can keep going on in regards to such things but ill keep it short
TECHNICALS
- Price has hit a all time high and after the US30 booming for around 8 Years isit time for a change ?
- Price found strong KEY LEVEL (RES) at 18000
- Price is now down trending
- Price has put in lower high and lower lows
- Price has broken many key Trendlines
- Also price is on the verge of breaking a key level (SUP) at 16000
- If price breaks that key level we will possibly see a huge drop to the downside
I can go on abit more too but i am sure you all get the idea i am portraying
i do believe and confident of the drop too 8000/7000 :)
so here we come 8000 POINTS PROFIT ;)