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
Us30trend
US30 TREND DOWN FURTHUR MOREWe now see the price had close below the trend line, expect a furthur down to support area.
US30 WEEKLY FORECAST Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
US30 WALL ST. 1ST Target Reached (BEARISH ON DAILY)Here is an update on my US30 trade idea from a couple of weeks back, we are on track for the sell off till mid December.
US30 still going up, BULL-LIEVE thatttttdow jones still on a bullish run and momentum,
looking for it to stay inside the channel , also everyone is expecting the "drop" how many have been caught out already?
dow jones job is to do well in performance, i see it respectng the channel , ive also called in my telegram group US30 to make a new high this month also.
insta - imtonythompson
Telegram - Ntec fx free signals
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.
US30USD - BEARISH - $25100 - $24400US30USD - BEARISH - $25100 - $24400
US30USD is ready... All I am going to say...
It has finally made the real retrace that I have been looking for...
Tested the EMA on the H4 TF...
Which matched up with my volume profile line.
Also tested the last High on the M30 TF.
Now lets look for the continuation...
