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Us30short

US30 ShortMy view of Dow Jones (US30) . Potential short opportunity. Since the start of October we have entered this uptrend channel in which the price was moving in. We had 2 “fake outs” meaning the candle broke out of the channel but was overruled by the next one entering back into the uptrend channel. Smaller timeframes also show a smaller uptrend channel which I marked with the regression trend. My idea/vision/prediction is that the price could come up to 35675 during Asian session where at that point, depending on the price momentum, we could enter in a short. Entry at 35675 with a tight Stop Loss at 35715 . Take Profit is at our PBA (Pullback Area) which is at 35080 . The sell would be confirmed after we break out of the regression trend which would also break the very strong Resistance from 23rd of Aug to 7th of Sep . After breaking that level we would be due for a pullback down to the bottom of this uptrend channel . PARAMETERS - Entry: 35675 - SL: 35715 - TP: 35080 KEY NOTES - Start of October , we have entered this uptrend channel . - Smaller uptrend channel on smaller timeframes. - The sell would be confirmed after we break out of the regression trend which would also break the very strong Resistance from 23rd of Aug to 7th of Sep. Happy trading!
UShort
by BANDZTRADES
14
US30 Midweek short R:R - 3:1 Details of the trade are shown in the photo, nice risk reward of 3 to 1 purely based on some technicals. I believe some stocks have rallied and are now at overbought prices to the extent some profit taking may occur at the next level marked since the moving averages are nicely diverged. This will cause profit taking to occur and a small likely correction for more traders to buy the dip. I would assign a high likelihood to the probability of this trade
UShort
by GreyTrades
US30 Short After Supply Tap!US30, I'm still bullish with US30 because of the amount of trapped liquidity we have here (We might get a small pullback because of this) But we're very close to a supply zone which has lots of confluence for a high probability low risk BIG short trade, price has already cleared out some of the liquidity, but looking left theres still a lot more in this zone which I think price will try take out before reversing from the supply zone. I have multiple entries lined up, the lowest risk would be the D point of the Crab which lines up perfectly with a refined OB. Whats your thoughts?
CAPITALCOM:US30Short
by benalistarfx
3
Dow Jones 2021 vs Dow Jones 1929Hi there, Comparing the charts (before 1929 to 1929) and (before 2021 to 2021), they are scarily similar, with many similar patterns, from the perspective of only purely TA, this could be the scenario playing out, but we need some strong fundamental reason for this to happen, what could it be? Since the start of the covid 19, we saw the market crashed, but in the end, we found out it was purely a correction, but there is one reason, that could be the consequence of the next global depression (?), that is the printing money, cannot just solve a recession. Imagine this scenario: Where the only good in the economy is rice and rice costs $1 a pound, and imagine you and all others earn $100 a month. Each month you buy 100 lbs of rice exchanging $1 for 1 lb of rice; so the real value of $1 is 1 lb of rice. Now suppose the government simply prints more dollar bills and gives you and everyone else an additional $100. If you want to eat more than 100 lbs of rice a month, now you can do so, but, since others like you also want to do the same, the demand for rice in the economy would go up and very likely its price as well. Now you would have to give up, say $2 for each lb of rice . This, is inflation , and it is decreasing the real value of your dollars, you are getting less rice for every dollar than you used to. This would be the perfect example, but there is a problem in 2021, which is that the wages are not following the massive increase of inflation , due to the massive printing we had, so instead of having $200 to buy 100 pounds of rice, you still have $100 to try to buy 100 pounds of rice($2 each pound of rice now). In conclusion with this scenario, this will have consequences in the long term to the bad numbers of the unemployment and which will cause trouble in the economy, and thats when we start heading for a recession. Back to the charts, all of this bearish price action, can it be the top of this bull market? It looks like it, we could still have another rally, another top, but the top I would say its very close, and this last bearish price action is very similar to a top out back in 1929. I will short Dow jones to the targets mentioned in the charts, but remember, its a long term investment.
DJ:DJIShort
by fernandoc17
9
Potential Shark (Update)Price broke the daily trend to the upside on US30, i've extended the Shark leg C to the previous weekly high (Red dotted line) if we get a pullback and rejection I may buy up to that point, depends on PA, If not ill be waiting for price to get to this level before dropping another sell. (Lots of confluences there and lots of trapped liquidity down below which if trend is changing I think will be captured before the bulls continue!) Let me know your thoughts!
CAPITALCOM:US30
by benalistarfx
2